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Sensex, Nifty surge in early trade tracking rally in global peers
MUMBAI: Equity benchmark indices Sensex and Nifty surged in early trade on Friday following a sharp rally in global markets along with buying in IT stocks and Reliance Industries.
The 30-share BSE Sensex jumped 805.96 points to 79,911.84…
DPIIT relooks at FDI from China: Govt sources
NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is considering revisiting the restrictions placed on foreign direct investment (FDI) from China as part of a broader evaluation of the country’s foreign…
Penalty if CIL fails to supply coal to consumer
NEW DELHI: In a first such instance, state-owned Coal India Limited (CIL) will be liable to pay a penalty if it fails to supply coal to consumers through e-auction. Until now, only buyers faced penalties for not lifting the full quantity…
श्री ने मोहाली में पंजाब का अपना 43वां स्टोर लॉन्च किया
मोहाली : प्रसिद्ध महिला भारतीय एथनिक वियर ब्रांड श्री - शी इज स्पेशल ने मोहाली फेज-7 में स्थित अपने 43वें स्टोर के उद्घाटन की घोषणा की है । इस नए स्टोर का शुभारंभ श्री की संयुक्त प्रबंध निदेशक शीतल कपूर द्वारा किया गया । मोहाली में यह श्री…
Mahindra launches Thar Roxx at Rs 12.99 lakh
MUMBAI: Mahindra & Mahindra on Thursday launched the 5-door version of the Thar SUV - Thar ROXX – at a starting price of ₹ 12.99 Lakh. Bookings for the Thar ROXX will open online and at Mahindra dealerships from October 03, in this year…
India aims to become global semiconductor manufacturing hub – Modi
NEW DELHI: Prime Minister Narendra Modi announced that many global companies are eager to invest in India, with the nation poised to become a global leader in semiconductor production.
In his speech from the Red Fort, Modi emphasised the…
If product is good, will sell: Mahindra
NEW DELHI: Anand Mahindra, chairman of Mahindra Group, said if a company’s product is terrific, they are bound to succeed. Pointing out that the group’s two-wheeler division faced several impediments such as the COVID-19 pandemic, which…
Risk-based premium increase for deposit insurers can enhance fund stability, says RBI Dy Guv
The commercial-banker-turned-central-banker further asked deposit insurers to prioritise crisis preparedness and develop comprehensive contingency plans that account for technology-induced disruptions.
SpiceJet PAT at Rs 150 cr, to raise Rs 3K cr via QIP
SpiceJet plans to raise ₹3,000 crore through a qualified institutional placement by September 2024 to strengthen its financial position, expand its fleet, and settle liabilities.
Karnataka govt stops banking with SBI & PNB; Directs state depts to withdraw deposits
Bangalore: The government of Karnataka has decided to stop all its transactions with two public sector banks --the State Bank of India (SBI) and Punjab National Bank (PNB)-- citing alleged financial irregularities concerning deposits made…
State Bank raises rates on loans by 10 basis points
The bank has increased its overnight rate by 10 bps to 8.2%, one-month rate to 8.45%, three-months to 8.5%, six months to 8.85%, one-year to 8.95%, two-years to 9.05%, and three years to 9.10%.
Google starts production of Pixel 8 in India
In a tweet posted late Tuesday night, the minister shared a picture of the Google Pixel 8 device on X (formerly Twitter).
PFC Chief Inaugurates Research Anatomy Lab at IIT Madras as CSR Initiative
Chennai— Power sector Maharatna PFC Chairperson Smt. Parminder Chopra, inaugurated a state-of-the-art Anatomy laboratory at the Department of Medical Sciences and Technology, Indian Institute of Technology Madras (IIT Madras) on Tuesday.…
Ather Energy joins unicorn club with $71 million funding
BENGALURU: Electric two-wheeler manufacturer Ather Energy has entered the unicorn club after securing $71.5 million in Series E round from existing investor National Investment and Infrastructure Fund (NIIF).
The electric scooter…
Customers porting to BSNL after tariff hike: Vodafone Idea CEO
NEW DELHI: Many Vodafone Idea Limited (VIL) customers are porting to the state-owned Bharat Sanchar Nigam Limited (BSNL) following a tariff increase by telecom companies in July 2024, said Vodafone Idea's Chief Executive Officer, Akshaya…
Study reveals success strategies of startups
Mumbai: In an interesting study, Indian Institute of Management Lucknow researchers have decoded the success strategies of unicorn startups -- companies that surpass a billion-dollar valuation. The findings reveal that startups led by…
Vedanta to offload 2.6% stake in Hindustan Zinc
NEW DELHI: Anil Agarwal-led Vedanta Limited announced on Tuesday the sale of up to 11 crore equity shares of Hindustan Zinc Limited (HZL), representing 2.6% of HZL's equity share capital. The sale will be conducted through an offer for sale…
IRCTC net income soars 33% despite decline in profit margin
New Delhi: Higher ticket sales offset the massive fall in profit margin and boosted the net income of the rail ticketing monopoly Indian Railway Catering and Tourism Corporation (IRCTC) by 33.3 percent on year to Rs 308 crore for the June…
I&B Ministry issues advisory to TV channels to show videos of calamities with time stamp
The advisory was issued because during continuous coverage of calamities for several days, the same footage is repeated instead of the real-time ground situation causing confusion among viewers.
Centre withdraws broadcasting bill draft amid backlash, to issue new one after ‘mass…
The latest version of the bill now withdrawn, is reported to have proposed comprehensive regulations on independent news creators or influencers on social media platforms.