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Adani Enterprises to raise Rs 12K cr via QIP
NEW DELHI: The flagship Gautam Adani Group firm -- Adani Enterprises Ltd (AEL) – will be testing waters in the equity market for the first time since its aborted follow-on offer in February 2023. The company is planning to raise Rs…
‘About 70% of 2-wheelers will be electric by 2030’
BENGALURU: Though charging infrastructure in the country remains low, Guruprasad Mudlapur, President of the Bosch Group in India, and managing director, Bosch Limited, is confident that by 2030, 20% of passenger cars and 70% of two-wheelers…
RIL’s capex falls 7% to Rs 1.32L cr in FY24
MUMBAI: Even as the government and bankers claim that credit demand from corporates are inching up indicating a revival in the much-delayed and much-desired animal spirit of India Inc, the largest corporate Reliance Industries’ capital…
Sebi to ease entry barriers for registered advisors
MUMBAI: Market regulator Sebi is planning to make it easier for new registered investment advisers to register by reducing entry barriers for them by cutting compliance costs and making it more lucrative for new entrants.
In a…
Consultation for satellite spectrum grant to begin
NEW DELHI: Citing the ongoing growth momentum led by government capex, deleveraged balance sheets of corporate quality banks’ assets, and a likely revival in private corporate capex, India Ratings has upped its growth forecast for the…
Tata Motors enters mid-size SUV segment with Curvv.ev
Mumbai: Marking its entry in the mid-size SUV segment, Tata Motors on Wednesday launched the Curvv.ev and showcased the internal combustion engine (ICE) versions of the vehicle. The Tata Curvv EV 45 is priced between Rs 17.49 lakh and Rs…
Saudi delivery drivers bake in ‘deadly’ summer heat
RIYADH: Sheltering under a palm tree in Saudi Arabia's capital, a Pakistani delivery driver stole a quick break during the lunch rush when orders -- and scorching temperatures -- are at their peak.
Gulping a bottle of cold water as the…
Early signs of tariff hike encouraging, no major impact on telecom users: Vittal
NEW DELHI: The early signs of the tariff hike by telecom service providers are encouraging, and it has not had a significant impact on telecom subscribers, said Gopal Vittal, managing director of Bharti Airtel, on Tuesday.
Vittal,…
TVS Motor Q1 profit rises 6% to Rs 461 crore
NEW DELHI: TVS Motor Company on Tuesday said its consolidated net profit increased 6% to Rs 461 crore for the first quarter ended June 30, 2024, riding on the back of robust sales.
It had posted a net profit of Rs 434 crore in the same…
Vedanta profit surges 37% to Rs 3,606 crore on better margins
NEW DELHI: Vedanta Ltd on Tuesday reported a 36.5%increase in consolidated net profit at Rs 3,606 crore for the quarter ended June 30, 2024, due to improved margins and robust cost reduction across all operations.
It had posted a net…
Government will not retract tax demand of Rs 32,000 crore against Infosys: Official
NEW DELHI: A senior official has confirmed that the Indian government will not retract the tax demand of Rs 32,000 crore against IT giant Infosys, citing strong evidence in the case related to goods and services tax (GST).
The official…
MPC unlikely to begin rate cuts now
MUMBAI: Despite the rising chorus within the monetary policy committee (MPC) for slashing the interest rates and also change the policy stance, nobody is expecting the Reserve Bank-led rate setting panel to tweak the policy rates or even…
Power Sector Maharatna PFC Ltd. maintains strong growth, declares Rs. 3.25 Interim
New Delhi: "PFC’s sustained success is reflected in its ability to deliver value to shareholders. The company's strong performance has enabled it to declare an interim dividend of Rs. 3.25 per share in Q1’25, " said Power Sector…
Air India cancels flights to Dhaka
NEW DELHI: Air India has cancelled its scheduled flights to and from Dhaka, with immediate effect on Monday due to the emerging situation in the wake of Bangladesh Prime Minister Sheikh Hasina resigning amid unprecedented anti-government…
Global equities rout on US growth concerns sends Sensex, Nifty down
MUMBAI: Stock market benchmark indices Sensex and Nifty crashed nearly 3 per cent on Monday following extremely weak trends in global equity markets amid fears of a slowdown in the US economy.
The 30-share BSE Sensex plummeted 2,222.55…
Sebi amends mutual fund rules to curb front-running, insider trading
NEW DELHI: Capital markets regulator Sebi has amended mutual fund norms requiring Asset Management Companies (AMCs) to put in place an institutional mechanism to identify and deter front-running and insider trading in securities.…
PV sales rise 10 per cent in July on new launches, enhanced discounts: FADA
NEW DELHI: Passenger vehicle retail sales in India witnessed a 10 per cent on-year jump in July driven by new model launches and enhanced discounts, industry body FADA said on Monday.
Total passenger vehicle retail sales rose to 3,20,129…
Investors become poorer by Rs 9.51 lakh crore as markets crash
NEW DELHI: Investors' wealth eroded by Rs 9.51 lakh crore on Monday morning, following a crash in equity markets where the benchmark Sensex tanked over 2,400 points, mirroring a sharp plunge in global peers.
The 30-share BSE benchmark…
Rupee hits record low of 83.80 vs US dollar in early session.
MUMBAI: Rupee opened on a muted note and fell to an all-time low of 83.
80 against the US dollar on Monday, as the risk off situation in world markets kept the dollar well bid.
Forex traders said the sharp downfall in the domestic…
आर.ई.सी. लिमिटेड, गुरुग्राम में विद्युत मंत्रालय एवं इसके नियंत्रणाधीन कार्यालयों का अखिल भारतीय…
गुरुग्राम: भारत सरकार के विद्युत मंत्रालय के तत्त्वावधान में शनिवार, अगस्त 03 को विद्युत मंत्रालय तथा इसके नियंत्रणाधीन कार्यालयों के राजभाषा अधिकारियों के अखिल भारतीय राजभाषा सम्मेलन का आयोजन किया गया। भारत सरकार के सूचना एवम्…