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No tax on $6.38 billion transactions with Adani Group: Holcim

No tax on $6.38 billion transactions with Adani Group: Holcim

17 May, 2022, 11:39 am

Holcim signed a binding agreement with Adani Group to sell its business in India on May 15, 2022 Holcim signed a binding agreement with Adani Group to sell its business in India on May 15, 2022 Swiss building materials ..

LIC opens at ₹867.20 per share at 8.62% discount on BSE

LIC opens at ₹867.20 per share at 8.62% discount on BSE

17 May, 2022, 10:42 am

The country’s largest insurer Life Insurance Corporation (LIC) on Tuesday listed its shares on the National Stock Exchange (NSE) at a discount of 8.11% to ₹872 per share. On the Bombay Stock Exchange (BSE), the ..

The golden arch in Russia will turn black as McDonald’s exits after 30 years

The golden arch in Russia will turn black as McDonald’s exits after 30 years

17 May, 2022, 8:27 am

McDonald’s Corp. became one of the biggest global names to exit Russia on Monday, planning to sell all of its restaurants after more than 30 years of operations in the country following the invasion of Ukraine. The..

‘Adani’s cement business likely to intensify competition’

‘Adani’s cement business likely to intensify competition’

16 May, 2022, 9:11 pm

Adani Group’s ‘grand’ entry into the cement space through possible acquisition of ACC Ltd from Ambuja Cement Ltd and Holcim Ltd will lead to consolidation in the sector as the group is known to assume ..

We are in the era of high interest rates: Sanjeev Bajaj

We are in the era of high interest rates: Sanjeev Bajaj

16 May, 2022, 8:10 pm

India ink. expects GDP growth of 7.4-8.2% in FY 2013 India ink. expects GDP growth of 7.4-8.2% in FY 2013 Newly-appointed President of the Confederation of Indian Industry (CII) Sanjiv Bajaj on Monday said interest rates..

‘Rate hike may not pacify war-induced price gains’

‘Rate hike may not pacify war-induced price gains’

16 May, 2022, 7:50 pm

SBI economists estimate inflation to rise 59 per cent in March, April due to Russia-Ukraine conflict SBI economists estimate inflation to rise 59 per cent in March, April due to Russia-Ukraine conflict SBI’s ..

Hero MotoCorp expects two-wheeler industry to see double digit growth in FY13

Hero MotoCorp expects two-wheeler industry to see double digit growth in FY13

16 May, 2022, 7:24 pm

Two-wheeler major to launch first electric product on July 1 Country’s largest two-wheeler maker Hero MotoCorp said it expects pick-up in economic activity in the two-wheeler industry and higher grain prices to ..

Sensex, Nifty fall for six days due to rise in banking, auto stocks

Sensex, Nifty fall for six days due to rise in banking, auto stocks

16 May, 2022, 6:08 pm

BSE Sensex closed at 52,973.84 points, up 180.22 points or 0.34% BSE Sensex closed at 52,973.84 points, up 180.22 points or 0.34% Benchmark indices Sensex and Nifty ended their six-day losses on Monday led by buying in ..

Algi Equipment’s revenue up 31 percent

Algi Equipment’s revenue up 31 percent

16 May, 2022, 2:58 pm

The company will revise the prices to fully recover the high raw material and freight cost The company will revise the prices to fully recover the high raw material and freight cost Air compressors’ maker, Algi ..

Paytm will file for new licence, is excited about its roadmap for general insurance

Paytm will file for new licence, is excited about its roadmap for general insurance

16 May, 2022, 1:52 pm

The decision to seek approval for the new license comes after Paytm and Raheja QBE mutually agreed to call off the proposed acquisition of RQBE. The decision to seek approval for the new license comes after Paytm and ..

SBI hikes lending rate by 0.1%, EMI will increase

SBI hikes lending rate by 0.1%, EMI will increase

16 May, 2022, 12:10 pm

SBI’s move follows an off-cycle rate hike by the Reserve Bank of India which increased the repo rate from 0.40% to 4.40%. SBI’s move follows an off-cycle rate hike by the Reserve Bank of India which increased..

Reliance to acquire dozens of brands in consumer goods worth $6.5 billion

Reliance to acquire dozens of brands in consumer goods worth $6.5 billion

16 May, 2022, 11:09 am

Reliance is in the final stages of talks to either outright acquire around 30 popular niche local consumer brands or form joint venture partnerships Reliance is in the final stages of talks to either outright acquire ..

Sensex rose nearly 274 points in opening trade; Nifty climbs to 15,873

Sensex rose nearly 274 points in opening trade; Nifty climbs to 15,873

16 May, 2022, 10:30 am

Tata Steel, Titan, Maruti, Bajaj Finance, Mahindra & Mahindra, Larsen & Toubro, State Bank of India, IndusInd Bank, Reliance Industries and HDFC were the biggest gainers in early trade. Tata Steel, Titan, ..

explained | Will the Northeast benefit from Bangladesh’s offer of services at Chittagong port?

explained | Will the Northeast benefit from Bangladesh’s offer of services at Chittagong port?

15 May, 2022, 2:42 pm

the story So Far: Bangladesh Prime Minister Sheikh Hasina offered India access to the Chittagong port when External Affairs Minister S Jaishankar called in Dhaka last month to invite her to New Delhi. Ms Hasina said that..

RBI not ‘behind the curve’ in hiking rates; It is not wise to overreact to shocks: Ashima Goyal

RBI not ‘behind the curve’ in hiking rates; It is not wise to overreact to shocks: Ashima Goyal

15 May, 2022, 11:48 am

Ms. Goyal was responding to a question, why didn’t the RBI raise interest rates long ago despite rising inflation? Ms. Goyal was responding to a question, why didn’t the RBI raise interest rates long ago ..

Elon Musk says Twitter legal team told him he ‘violated NDA’

Elon Musk says Twitter legal team told him he ‘violated NDA’

15 May, 2022, 9:35 am

Elon Musk previously said his $44 billion cash deal to take Twitter private was “temporarily put on hold” Elon Musk previously said his $44 billion cash deal to take Twitter private was “temporarily put..

explained | Why is India’s foreign exchange reserves declining?

explained | Why is India’s foreign exchange reserves declining?

15 May, 2022, 8:29 am

How is the devaluation of the rupee affecting the economic situation against the dollar? How is the devaluation of the rupee affecting the economic situation against the dollar? the story So Far: The Indian rupee hit an ..

Rupee-Ruble trade, Sri Lankan crisis boosts tea exports from Kerala

Rupee-Ruble trade, Sri Lankan crisis boosts tea exports from Kerala

15 May, 2022, 7:52 am

After hitting a record low at the start of the Russo-Ukraine war, tea exports from Kerala have started climbing. Growth has been aided by revival of rupee-ruble trade and political uncertainty in Colombo. The last few ..

G7 criticizes India’s decision to stop wheat exports

G7 criticizes India’s decision to stop wheat exports

15 May, 2022, 7:52 am

India says it is concerned about its “food security”. India says it is concerned about its “food security”. Agriculture ministers of the Group of Seven Industrialized Countries on Saturday ..

Young customers driving luxury car sales in India

Young customers driving luxury car sales in India

15 May, 2022, 2:56 am

COVID may have inspired ‘you only live once’ philosophy in Indian car market as Audi, Lamborghini, Mercedes-Benz and BMW spur demand despite industrial supply chain issues COVID may have inspired ‘you ..

Start-up SPS to train youth in sales

Start-up SPS to train youth in sales

14 May, 2022, 10:00 pm

At a time when India is witnessing massive unemployment of close to 7.9%, Sales Pro Shiksha (SPS), a start-up, unveiled plans by providing sales education to skill graduates and placing them in companies that which are ..

D-Mart Q4 Net Profit up 3.11% to ₹426.75 Cr

D-Mart Q4 Net Profit up 3.11% to ₹426.75 Cr

14 May, 2022, 8:51 pm

PTI New Delhi May 14, 2022 20:51 IST Updated: May 14, 2022 20:51 IST PTI New Delhi May 14, 2022 20:51 IST Updated: May 14, 2022 20:51 IST Avenue Supermarts Ltd, which owns and operates retail chain D-Mart, on Saturday ..

G7 criticizes India’s decision to stop wheat exports

G7 criticizes India’s decision to stop wheat exports

14 May, 2022, 7:21 pm

India on Saturday banned the export of wheat without the prior permission of the government. India on Saturday banned the export of wheat without the prior permission of the government. Agriculture ministers of the Group..

Future Retail’s chief financial officer Toshniwal resigns

Future Retail’s chief financial officer Toshniwal resigns

14 May, 2022, 6:48 pm

PTI New Delhi May 14, 2022 18:48 IST Updated: May 14, 2022 18:48 IST PTI New Delhi May 14, 2022 18:48 IST Updated: May 14, 2022 18:48 IST Debt-ridden Future Retail’s chief financial officer CP Toshniwal has ..

Youngest Indian children to reach mobile maturity: McAfee study

Youngest Indian children to reach mobile maturity: McAfee study

14 May, 2022, 1:44 pm

Around 22% of Indian children have experienced cyberbullying at some point, a notable 5% increase from the global average of 17%. Around 22% of Indian children have experienced cyberbullying at some point, a notable 5% ..

Congress criticizes wheat export ban, says ‘anti-farmer’ move

Congress criticizes wheat export ban, says ‘anti-farmer’ move

14 May, 2022, 12:50 pm

According to an official notification, India has banned the export of wheat with immediate effect as part of measures to control rising domestic prices. According to an official notification, India has banned the export ..

To climb mountains, says Air India nominee Campbell Wilson on his new term

To climb mountains, says Air India nominee Campbell Wilson on his new term

14 May, 2022, 12:05 pm

Tata Sons on May 12 announced the appointment of Campbell Wilson as MD and CEO of Air India Tata Sons on May 12 announced the appointment of Campbell Wilson as MD and CEO of Air India Campbell Wilson termed his ..

India bans export of wheat with immediate effect

India bans export of wheat with immediate effect

14 May, 2022, 9:21 am

According to the official notification, India has banned the export of wheat with immediate effect as a measure to control rising domestic prices. However, export shipments for which irrevocable letters of credit (LOCs) ..

Crude oil imports at record high: S&P

Crude oil imports at record high: S&P

13 May, 2022, 10:41 pm

‘Russian-origin crude touching 5% of India’s total marine imports for the first time’ ‘Russian-origin crude touching 5% of India’s total marine imports for the first time’ S&P ..

Vegetable oil imports fell 13% to 9.12 lakh tonnes in April

Vegetable oil imports fell 13% to 9.12 lakh tonnes in April

13 May, 2022, 10:37 pm

According to industry data, imports of vegetable oils, including edible and non-edible oils, fell 13% to around 9.12 lakh tonnes during April due to lower imports of crude palm oil. The Solvent Extractors Association of ..

LIC Housing Finance hikes home loan interest rate by 20 bps for select borrowers

LIC Housing Finance hikes home loan interest rate by 20 bps for select borrowers

13 May, 2022, 10:03 pm

PTI Mumbai May 13, 2022 22:03 IST Updated: May 13, 2022 22:03 IST PTI Mumbai May 13, 2022 22:03 IST Updated: May 13, 2022 22:03 IST Mortgage financier LIC Housing Finance (LIC HFL) on Friday raised the interest rate on ..

Vegetable oil imports fell 13% to 9.12 lakh tonnes in April

Vegetable oil imports fell 13% to 9.12 lakh tonnes in April

13 May, 2022, 8:38 pm

According to industry data, imports of vegetable oils, including edible and non-edible oils, fell 13% to around 9.12 lakh tonnes during April due to lower imports of crude palm oil. The Solvent Extractors Association of ..

Women-led agri-tech start-ups win big

Women-led agri-tech start-ups win big

13 May, 2022, 6:25 pm

Agriculture Challenge organized in collaboration with the Office of the Principal Scientific Adviser to the Center Agriculture Challenge organized in collaboration with the Office of the Principal Scientific Adviser to ..

SBI Q4 profit up 41% to ₹9,114 crore due to fall in bad loans

SBI Q4 profit up 41% to ₹9,114 crore due to fall in bad loans

13 May, 2022, 5:05 pm

Net NPAs or bad loans also declined to 1.02% as on March 31, 2022, from 1.50% in the year-ago period. Net NPAs or bad loans also declined to 1.02% as on March 31, 2022, from 1.50% in the year-ago period. Country’s ..

Rupee inches up 1 paise to close at 77.49 against US dollar

Rupee inches up 1 paise to close at 77.49 against US dollar

13 May, 2022, 4:47 pm

The rupee depreciated 57 paise on a weekly basis on a firmer dollar index, risk-off sentiment and foreign fund outflows. The rupee depreciated 57 paise on a weekly basis on a firmer dollar index, risk-off sentiment and ..

Elon Musk halts $44 billion deal for Twitter, shares fall

Elon Musk halts $44 billion deal for Twitter, shares fall

13 May, 2022, 4:12 pm

Shares of the social media company fell 17.7% to $37.10 in premarket trading, their lowest level since Elon Musk disclosed his stake in the company in early April. Shares of the social media company fell 17.7% to $37.10 ..

Exports up 30.7% in April to $40.2 billion

Exports up 30.7% in April to $40.2 billion

13 May, 2022, 3:24 pm

India’s merchandise exports grew 30.7% year-on-year to $40.19 billion in April, the commerce ministry said on Friday, up $2 billion from estimates released earlier this month. Goods imports during the month were ..

explained | Why countries like the Central African Republic are adopting cryptocurrencies as legal tender

explained | Why countries like the Central African Republic are adopting cryptocurrencies as legal tender

13 May, 2022, 2:21 pm

The transition to cryptocurrencies by the Central African Republic and El Salvador is driven by urges to bypass inflationary pressures and move away from the colonial monetary system. However, prerequisites such as the ..

LIC Housing Finance hikes home loan interest rate by 20 basis points for select borrowers

LIC Housing Finance hikes home loan interest rate by 20 basis points for select borrowers

13 May, 2022, 1:08 pm

“For borrowers with CIBIL score of 700 and above, the rate hike is limited to 20 bps only,” LIC Housing Finance said in a statement. “For borrowers with CIBIL score of 700 and above, the rate hike is ..

SoftBank’s chip tech firm Arm records 2021 revenue

SoftBank’s chip tech firm Arm records 2021 revenue

13 May, 2022, 11:38 am

Arm, which makes the original blueprints used to design the chips, had revenue of $2.7 billion last year, up 35% from the previous year. Arm, which makes the original blueprints used to design the chips, had revenue of $..

The market rebounds after a steep fall in the previous trade; Sensex rises over 635 points

The market rebounds after a steep fall in the previous trade; Sensex rises over 635 points

13 May, 2022, 10:29 am

Sun Pharma, Bajaj Finserv, Titan, Bajaj Finance, IndusInd Bank, Reliance Industries, Dr Reddy’s and Tata Steel were the top gainers in the early trade. Sun Pharma, Bajaj Finserv, Titan, Bajaj Finance, IndusInd Bank..

Inflation hits nearly 8-year high, less impact on low-income households: Finance Ministry

Inflation hits nearly 8-year high, less impact on low-income households: Finance Ministry

13 May, 2022, 1:30 am

April CPI inflation boosted by higher fuel, food costs with CFPI racing 8.4%; The finance ministry argues that rising prices have had less impact on low-income households than high-income households April CPI inflation ..

50% of the country’s technical workforce will soon be women: Harish Mehta

50% of the country’s technical workforce will soon be women: Harish Mehta

13 May, 2022, 12:18 am

‘By 2030, Corporate India will see the same number of women leaders as men’ ‘By 2030, Corporate India will see the same number of women leaders as men’ Bangalore Harish Mehta, one of the founding ..

GDP growth to remain close to 8% despite inflation concerns: Finance Ministry

GDP growth to remain close to 8% despite inflation concerns: Finance Ministry

12 May, 2022, 11:07 pm

Budget’s capital expenditure based fiscal route will help the economy weather adverse inflationary conditions: Finance Ministry Budget’s capital expenditure based fiscal route will help the economy weather ..

L&T Q4 net up 10%

L&T Q4 net up 10%

12 May, 2022, 9:07 pm

Board recommends dividend of ₹22 per share..

Retail inflation at nearly 8-year high of 7.8%

Retail inflation at nearly 8-year high of 7.8%

12 May, 2022, 8:38 pm

April CPI inflation boosted by higher fuel, food costs with Consumer Food Price Index up 8.4% April CPI inflation boosted by higher fuel, food costs with Consumer Food Price Index up 8.4% Inflation faced by Indian ..

Rupee hits second record low in a week, Sensex down 2.14 percent

Rupee hits second record low in a week, Sensex down 2.14 percent

12 May, 2022, 8:07 pm

‘High oil prices, uncertainty amid Ukraine war, rising inflation and prospects of aggressive monetary tightening by US Fed contributed to poor sentiment’ ‘High oil prices, uncertainty amid Ukraine war, ..

Industrial production up 1.9% in March

Industrial production up 1.9% in March

12 May, 2022, 7:50 pm

India’s industrial output grew by 1.9% in March, marginally higher than the 1.7% growth recorded in February, with manufacturing growth weakening at just 0.9%, slightly better than the 0.8% recorded a month ago. ..

Retail inflation hits 8-year high of 7.79% in April on rise in food prices

Retail inflation hits 8-year high of 7.79% in April on rise in food prices

12 May, 2022, 6:15 pm

Retail inflation has remained above 6% since January 2022. Retail inflation has remained above 6% since January 2022. Retail inflation hit an eight-year high of 7.79% on an annualized basis in April, mainly due to ..

Campbell Wilson is the CEO of Air India

Campbell Wilson is the CEO of Air India

12 May, 2022, 4:39 pm

The position was lying vacant after the government handed over the airline to Tata in January. The position was lying vacant after the government handed over the airline to Tata in January. Tata Sons on Thursday ..

Market declines as bearish sentiment on 5th day; Sensex, Nifty fall over 2%

Market declines as bearish sentiment on 5th day; Sensex, Nifty fall over 2%

12 May, 2022, 4:05 pm

Elsewhere in Asia, markets in Tokyo, Hong Kong, Seoul and Shanghai closed sharply lower. Elsewhere in Asia, markets in Tokyo, Hong Kong, Seoul and Shanghai closed sharply lower. Benchmark indices sank for the fifth ..

LIC IPO Share Allotment | SC refuses to grant interim relief on pleas seeking stay

LIC IPO Share Allotment | SC refuses to grant interim relief on pleas seeking stay

12 May, 2022, 12:48 pm

The IPO of LIC was open for retail and other investors on May 4 and is to be allotted on May 12. The IPO of LIC was open for retail and other investors on May 4 and is to be allotted on May 12. The Supreme Court on May ..

CFTRI introduces seven new technologies

CFTRI introduces seven new technologies

12 May, 2022, 11:33 am

The CSIR-Central Food Technological Research Institute (CFTRI) announced new technologies developed in the last one year on the occasion of National Technology Day celebrated here on Wednesday. In addition, CFTRI ..

Sensex breaks 817 points in early trade

Sensex breaks 817 points in early trade

12 May, 2022, 10:18 am

Selling by foreign institutional investors affected the market, which fell for the fifth day. Selling by foreign institutional investors affected the market, which fell for the fifth day. Benchmark indices continued ..

The rupee fell by 30 paise to 77.55 against the US dollar in early trade

The rupee fell by 30 paise to 77.55 against the US dollar in early trade

12 May, 2022, 9:59 am

The Reserve Bank is likely to raise inflation projections at the Monetary Policy Committee (MPC) meeting next month and will also consider rate hikes to contain inflation that is above its comfort level. The Reserve Bank..

DHL Supply Chain Expands India Fulfillment Network

DHL Supply Chain Expands India Fulfillment Network

11 May, 2022, 11:19 pm

DHL Supply Chain, which is into contract logistics, announced the expansion of its India Fulfillment Network (IFN) from its first location in Bengaluru to Ahmedabad, Mumbai and Delhi, along with supporting the growth of ..

Uber to hire 500 more techies in India by December

Uber to hire 500 more techies in India by December

11 May, 2022, 9:45 pm

The ride-hailing firm currently has 1,000 technical engineers working in its development facilities in Hyderabad and Bengaluru The ride-hailing firm currently has 1,000 technical engineers working in its development ..

Novelis to invest $2.5 billion in new plant in the US

Novelis to invest $2.5 billion in new plant in the US

11 May, 2022, 7:51 pm

First fully integrated aluminum mill facility built in America in 40 years, will create 1,000 high-paying, advanced careers, company says First fully integrated aluminum mill facility built in America in 40 years, will ..

The market gave up early gains; Sensex down 276 points

The market gave up early gains; Sensex down 276 points

11 May, 2022, 5:20 pm

Larsen & Toubro, Bajaj Finserv, NTPC, Bajaj Finance, Maruti, PowerGrid, Infosys and ITC were among the laggards among Sensex firms. Larsen & Toubro, Bajaj Finserv, NTPC, Bajaj Finance, Maruti, PowerGrid, ..

Passenger vehicle wholesale sales down 3.8 per cent; 15% growth in two-wheelers in April: SIAM

Passenger vehicle wholesale sales down 3.8 per cent; 15% growth in two-wheelers in April: SIAM

11 May, 2022, 5:13 pm

Sales of passenger vehicles excludes data from BMW, Mercedes, Tata Motors and Volvo Auto Sales of passenger vehicles excludes data from BMW, Mercedes, Tata Motors and Volvo Auto The Society of Indian Automobile ..

Rupee closes 10 paise higher at 77.24 against US dollar

Rupee closes 10 paise higher at 77.24 against US dollar

11 May, 2022, 4:09 pm

On Tuesday, the rupee had closed at 77.34 against the US currency. On Tuesday, the rupee had closed at 77.34 against the US currency. The rupee on Wednesday closed 10 paise higher at 77.24 (provisional) against the US ..

Delhivery raises ₹2,347 crore from anchor investors ahead of IPO

Delhivery raises ₹2,347 crore from anchor investors ahead of IPO

11 May, 2022, 3:07 pm

The size of the initial public offering has been reduced to ₹ 5,235 crore from ₹ 7,460 crore as per earlier plan The size of the initial public offering has been reduced to ₹ 5,235 crore from ₹ 7,460 crore as per earlier..

Technical level discussions with Sri Lanka will continue: IMF

Technical level discussions with Sri Lanka will continue: IMF

11 May, 2022, 1:05 pm

The island nation has been grappling with an unprecedented economic turmoil since independence from Britain in 1948. The island nation has been grappling with an unprecedented economic turmoil since independence from ..

Life insurers register 84.2% growth in first year premiums for April

Life insurers register 84.2% growth in first year premiums for April

11 May, 2022, 12:53 pm

Life insurers registered a growth of 84.2% in first year premium to ₹17,939.62 crore for April, on account of good performance by the market leader, Life Insurance Corporation of India. For LIC, the first-year premium ..

power crisis | Indian Railways misses Coal India train provisioning targets by over a year

power crisis | Indian Railways misses Coal India train provisioning targets by over a year

11 May, 2022, 11:36 am

Coal, which accounts for more than half of the freight revenue of the Indian Railways, makes up about 75% of India’s electricity generation. Coal, which accounts for more than half of the freight revenue of the ..

Dalmia Cement to create 700 jobs in Belagavi with an investment of ₹300 cr

Dalmia Cement to create 700 jobs in Belagavi with an investment of ₹300 cr

11 May, 2022, 11:10 am

Dalmia Cement (India) Limited is using the investment to expand its existing manufacturing plant in Belagavi, North Karnataka Dalmia Cement (India) Limited is using the investment to expand its existing manufacturing ..

Markets rally amid global recovery; Sensex rises over 190 points in early trade

Markets rally amid global recovery; Sensex rises over 190 points in early trade

11 May, 2022, 10:20 am

In Asia, the markets of Tokyo, Hong Kong, Shanghai and Seoul were trading in the green. In Asia, the markets of Tokyo, Hong Kong, Shanghai and Seoul were trading in the green. Tracking recovery in global markets, equity ..

Rupee rises 17 paise to 77.17 against US dollar in early trade

Rupee rises 17 paise to 77.17 against US dollar in early trade

11 May, 2022, 10:17 am

Global oil benchmark Brent crude futures rose 1.83 per cent to $104.34 per barrel Global oil benchmark Brent crude futures rose 1.83 per cent to $104.34 per barrel The rupee rose 17 paise to 77.17 against the US dollar ..

Con installs ‘world’s largest’ passenger elevator at Jio World Center

Con installs ‘world’s largest’ passenger elevator at Jio World Center

11 May, 2022, 7:25 am

Kone Elevators India said that it has installed the world’s largest passenger lift at Jio World Center, BKC in Mumbai. The 16-ton, 5-stop lift has a floor area of ​​25.78 square meters and can carry more than 200 ..

L&T arm ties up with VMWire to offer digital infra solutions to industries

L&T arm ties up with VMWire to offer digital infra solutions to industries

10 May, 2022, 11:04 pm

Larsen & Toubro Limited (L&T) and VMware Inc.’s Smart World and Communication (SWC) business announced a partnership to accelerate the adoption of digital infrastructure solutions across industries ..

India sold a record 1.4 million tonnes of wheat in April, due to fall in Black Sea supplies

India sold a record 1.4 million tonnes of wheat in April, due to fall in Black Sea supplies

10 May, 2022, 10:51 pm

India also exported wheat to other new markets such as Israel, Turkey, Indonesia, Mozambique and Tanzania. India also exported wheat to other new markets such as Israel, Turkey, Indonesia, Mozambique and Tanzania. India ..

Switch Mobility to unveil 12m electric bus at European Mobility Expo in Paris

Switch Mobility to unveil 12m electric bus at European Mobility Expo in Paris

10 May, 2022, 9:26 pm

Electric commercial vehicle maker Switch Mobility is planning to unveil its first 12-metre electric bus at the European Mobility Expo in Paris on June 7. Called ‘Project Odin’, this bus is expected to be the ..

Sun Pharma receives 10 comments from US FDA for Halol plant

Sun Pharma receives 10 comments from US FDA for Halol plant

10 May, 2022, 7:24 pm

Sun Pharma on Tuesday said the US health regulator has issued ‘Form 483’ with ten observations after inspecting its manufacturing plant at Halol in Gujarat. According to the US FDA, a Form 483 is issued to a ..

Rupee gains 12 paise to close at 77.32 against US dollar

Rupee gains 12 paise to close at 77.32 against US dollar

10 May, 2022, 6:27 pm

This was supported by a rebound in regional currencies and a fall in crude oil prices. This was supported by a rebound in regional currencies and a fall in crude oil prices. Breaking its two-day losing streak, the rupee ..

NTPC invites bids to import 4.53 mn tonnes of coal

NTPC invites bids to import 4.53 mn tonnes of coal

10 May, 2022, 1:30 pm

State-owned power giant NTPC has invited bids to procure imported 4.53 million tonnes (MT) of coal mainly for blending with the domestic dry fuel in thermal plants. The NTPC tender for the import of coal assumes ..

LIC IPO subscribed 2.95 times

LIC IPO subscribed 2.95 times

10 May, 2022, 1:19 pm

According to stock exchanges data, the initial public offering (IPO) of Life Insurance Corporation of India (LIC) got subscribed 2.95 times on the last day of the offer. The government will raise Rs 21,000 crore from ..

Cotton textile exports to touch $15.29 billion in 2021-22

Cotton textile exports to touch $15.29 billion in 2021-22

10 May, 2022, 12:55 pm

Need to look at sustainability of growth as there are supply chain bottlenecks: Texprocil official Need to look at sustainability of growth as there are supply chain bottlenecks: Texprocil official As per provisional ..

Sensex rose 173 points in opening trade after two days of decline; hurts later

Sensex rose 173 points in opening trade after two days of decline; hurts later

10 May, 2022, 10:39 am

Asian Paints, Hindustan Unilever Ltd, UltraTech Cement, Bharti Airtel, Maruti, M&M and Kotak Mahindra Bank were the major gainers. Asian Paints, Hindustan Unilever Ltd, UltraTech Cement, Bharti Airtel, Maruti, M&#..

Rupee rises 20 paise against US dollar in early trade

Rupee rises 20 paise against US dollar in early trade

10 May, 2022, 10:17 am

In the previous session, the rupee had lost 54 paise to close at an all-time low of 77.44 against the US dollar. In the previous session, the rupee had lost 54 paise to close at an all-time low of 77.44 against the US ..

Calls up to DOT in 27.5-28.5 GHz frequency range, says Trai

Calls up to DOT in 27.5-28.5 GHz frequency range, says Trai

9 May, 2022, 10:46 pm

TRAI also said that it is for the DoT to decide on the validity period of the auctioned spectrum. TRAI also said that it is for the DoT to decide on the validity period of the auctioned spectrum. TRAI on Monday said it ..

Omega Healthcare seeks grades for 18,000 open positions

Omega Healthcare seeks grades for 18,000 open positions

9 May, 2022, 10:04 pm

Company announces expansion in India to hire 4,500 professionals in next 2 months Company announces expansion in India to hire 4,500 professionals in next 2 months Omega Healthcare has announced its expansion in India ..

Indian Overseas Bank hikes repo-based lending rate to 7.25%

Indian Overseas Bank hikes repo-based lending rate to 7.25%

9 May, 2022, 9:55 pm

Indian Overseas Bank (IOB) has revised the external benchmark linked lending rate to 7.25% with effect from May 10, the bank said on Monday. “Our bank has revised the Repo Linked Lending Rate (RLLR) to 7.25% (ie 4...

Government has opened avenues for investment in private sector without any restriction: Sitharaman

Government has opened avenues for investment in private sector without any restriction: Sitharaman

9 May, 2022, 9:47 pm

Union Finance Minister Nirmala Sitharaman said here on Monday that the private sector can now invest in any sector where there is an opportunity. This follows his 2021 budget announcement that there would be no area ..

Goyal to hold meeting on high cotton prices

Goyal to hold meeting on high cotton prices

9 May, 2022, 9:24 pm

Union Minister of Commerce & Industry and Textiles Piyush Goyal will hold a meeting with stakeholders of the cotton textile value chain in New Delhi on Wednesday. According to Textiles Secretary Upendra Prasad Singh..

Hilton will double India’s presence in 5 years: Ahluwalia

Hilton will double India’s presence in 5 years: Ahluwalia

9 May, 2022, 9:07 pm

Bangalore Navjit Ahluwalia, Senior Vice President and Country Head, Hilton India said that Hilton Worldwide, a global hospitality chain headquartered in Virginia, plans to double its presence in the country over the next..

Retail investors contributed the most to the success of LIC’s IPO, says DIPAM secretary Tuhin Kanta Pandey

Retail investors contributed the most to the success of LIC’s IPO, says DIPAM secretary Tuhin Kanta Pandey

9 May, 2022, 8:53 pm

Top finance ministry officials said the initial public offer (IPO) of Life Insurance Corporation of India (LIC) closed successfully at 7 pm on Monday and is expected to fetch around Rs 20,500 crore to the exchequer. “I ..

HCL Technologies to acquire Quest Informatics for ₹15 crore.

HCL Technologies to acquire Quest Informatics for ₹15 crore.

9 May, 2022, 8:38 pm

HCL Technologies on Monday said it will acquire Bengaluru-based Quest Informatics Pvt Ltd (Quest), an aftermarket, Industry 4.0 and IoT company, outright for cash. In a release to the stock exchange, the company said ..

TVS Supply Chain Solutions gets SEBI nod for IPO

TVS Supply Chain Solutions gets SEBI nod for IPO

9 May, 2022, 8:20 pm

TVS Supply Chain Solutions Limited (TVS SCS) has received the approval of the Securities and Exchange Board of India (SEBI) for its proposed Initial Public Offering (IPO). The company filed its papers for an IPO with ..

MG Motor India crosses 1 lakh cumulative sales mark

MG Motor India crosses 1 lakh cumulative sales mark

9 May, 2022, 7:52 pm

MG Motor India on Monday said it has crossed the 1 lakh cumulative sales milestone in the country since the unveiling of its first vehicle nearly three years ago. The company unveiled the Hector SUV in June 2019 and ..

NCLT orders insolvency proceedings against Birla Tyres

NCLT orders insolvency proceedings against Birla Tyres

9 May, 2022, 7:30 pm

SRF claimed default in payment of `15.84 crore for supply of tire cord fabric SRF claimed default in payment of `15.84 crore for supply of tire cord fabric May 9 (PTI) The National Company Law Tribunal (NCLT) has ordered..

Rupee falls 60 paise to close at an all-time low of $77.50

Rupee falls 60 paise to close at an all-time low of $77.50

9 May, 2022, 6:13 pm

In the last two trading sessions, the rupee has lost 115 paise against the greenback In the last two trading sessions, the rupee has lost 115 paise against the greenback The rupee extended its losses and closed 60 paise ..

Domestic air passenger traffic expected to grow by 83 percent in April: ICRA

Domestic air passenger traffic expected to grow by 83 percent in April: ICRA

9 May, 2022, 5:24 pm

The ICRA said rising aviation turbine fuel prices are emerging as a major threat to the recovery process due to the ongoing geopolitical issues related to the Russia-Ukraine conflict. The ICRA said rising aviation ..

Markets continue to decline amid weak global trend; Sensex 365 Points

Markets continue to decline amid weak global trend; Sensex 365 Points

9 May, 2022, 5:02 pm

Benchmark indices remained under pressure on Monday with the Sensex falling nearly 365 points following a sell-off in global markets and fall in shares of major Reliance Industries. Continuous outflow of foreign funds ..

Make public security schemes, insurance, pension to the common man: Finance Minister Nirmala Sitharaman

Make public security schemes, insurance, pension to the common man: Finance Minister Nirmala Sitharaman

9 May, 2022, 3:43 pm

Finance Minister Nirmala Sitharaman said, “The number of people enrolled and benefited from the above schemes in the last seven years is a testimony to their success.” Finance Minister Nirmala Sitharaman said..

Luck and skill play a role in investment success

Luck and skill play a role in investment success

9 May, 2022, 1:21 pm

For target-based portfolios, it is better to invest in bank deposits where the maturity value is known For target-based portfolios, it is better to invest in bank deposits where the maturity value is known A famous ..

Think Before Swiping

Think Before Swiping

9 May, 2022, 1:12 pm

Credit cards have many benefits. However, they can also cause major financial trouble if used unintentionally. Credit cards have many benefits. However, they can also cause major financial trouble if used unintentionally..

Rupee slumps 52 paise to all-time low of 77.42 against US dollar in early trade

Rupee slumps 52 paise to all-time low of 77.42 against US dollar in early trade

9 May, 2022, 10:55 am

Forex traders said risk appetite has weakened amid mounting concerns about inflation that may trigger more aggressive rate hikes by the global central banks. Forex traders said risk appetite has weakened amid mounting ..

Peerless Group MD Sunil Kanti Roy passes away

Peerless Group MD Sunil Kanti Roy passes away

9 May, 2022, 10:51 am

A Padma Shri awardee, he took over the responsibility of the group in 1985 from his elder brother, BK Roy. A Padma Shri awardee, he took over the responsibility of the group in 1985 from his elder brother, BK Roy. Family..

Markets continue to tumble amid weak global equities; Sensex fell over 713 points in early trade

Markets continue to tumble amid weak global equities; Sensex fell over 713 points in early trade

9 May, 2022, 10:18 am

Equity benchmarks suffered heavy losses on Monday, with the Sensex falling over 713 points in early trade, following a sell-off in global markets and losses in shares of major Reliance Industries. Unabated foreign fund ..

Possibility of disinvestment after LIC IPO

Possibility of disinvestment after LIC IPO

8 May, 2022, 10:06 pm

Firms in strategic sales pipeline like Concor, BEML, Shipping Corporation have some hurdles to overcome Firms in strategic sales pipeline like Concor, BEML, Shipping Corporation have some hurdles to overcome Even as the ..

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