Adani Group completes stake purchase in Sanghi Industries Ltd
Dec 06, 2023, at 05:19 am
Mumbai: Adani Group-owned Ambuja Cements completed the acquisition of Sanghi Industries Ltd (SIL) at a revised offer price of Rs 121.90 per share, ET reported.
Moody's downgrades China's credit rating outlook from 'stable' to 'negative'
Dec 06, 2023, at 03:41 am
Beijing: Ratings agency Moody's on Tuesday revised China's credit rating outlook from "stable" to "negative" due to the increasing debt in the world's second-largest economy.
21,791 fake GST registrations, tax evasion of over Rs 24,000 cr uncovered: Sitharaman
Dec 06, 2023, at 02:28 am
New Delhi: GST officers have identified 21,791 fraudulent GST registrations and uncovered potential tax evasion exceeding Rs 24,000 crore during a two-month-long special drive, Finance Minister Nirmala Sitharaman on Tuesday said.
SBI to increase stake in SBI Pension Funds to 80%
Dec 06, 2023, at 02:06 am
Mumbai: State Bank of India Tuesday said it plans to buy a 20 percent stake in SBI Pension Funds in SBI Pension Funds held by SBI Capital Markets.
Indian Market: Sensex zooms to new high to touch 69,296.14 pts
Dec 05, 2023, at 10:01 pm
The BSE Sensex hit fresh record highs on Tuesday for a second straight session, surging 431.02 pts to close at 69,296.14 on the strength of Utilities, Power and BSE services stocks even as a global stock rally declined ahead of key US data.
India's services PMI falls to one year-low of 56.9 in November: S&P Global
Dec 05, 2023, at 05:02 pm
New Delhi/UNI: India's services activities continued to expand in November, but pace of growth slowed down during this period.
Indian Market: Sensex, Nifty touches all-time high
Dec 04, 2023, at 10:14 pm
The BSE Sensex on Monday ended at an all time high at 68,865.12, surging 1383.90 following gains in Oil and Gas, Bankex, Utilities and Power stocks amid excellent performance shown by BJP in recent assembly elections.
NTPC's coal dispatch grows 90% YoY till November
Dec 02, 2023, at 06:46 am
New Delhi: State-run power manufacturer NTPC Ltd on Friday reported a substantial growth of 90% year-on-year in coal dispatch from its captive mines till November in FY 2023-24 achieving a total coal dispatch of 23.12 million metric tonnes (MMT).
Coal production grows 11% YoY to 84.53 MT in November
Dec 02, 2023, at 06:28 am
New Delhi: India's coal production surged during November, reaching 84.53 MT, up 11.03% compared to 76.14 MT of the corresponding month in the previous year.
GST collection surges 15% YoY to Rs 1.68 trillion in November
Dec 02, 2023, at 06:18 am
New Delhi: Highlighting the ongoing robust activity in the Indian economy, the collection of goods and services tax (GST) witnessed a substantial 15% year-on-year surge in November.
Adani Group plans to invest Rs 7 trillion in infra projects over next 10 yrs: Report
Dec 02, 2023, at 05:49 am
Mumbai: Billionaire Gautam Adani-led ports-to-green energy conglomerate Adani Group is looking to invest Rs 7 trillion ($84.00 billion) in infrastructure projects over the next ten years, reported Reuters Chief Financial Officer Jugeshinder Singh on Friday.
RBI and Bank of England sign MoU to end CCIL deadlock
Dec 02, 2023, at 05:22 am
Mumbai: The Reserve Bank of India and Bank of England Friday inked a memorandum of understanding (MoU) to end the imbroglio over British banks’ participation in Indian bonds and derivative market.
Indian Market: Sensex surges 492.75 points
Dec 02, 2023, at 12:34 am
The equity market remained robust on the last session of the week as BSE Sensex soared 492.75 points to close at 67,481.19 following gains in power, FMCG, capital goods, and utility stocks amid global cues.
Mahindra Auto sells 39,981 SUVs in November
Dec 02, 2023, at 12:20 am
Mahindra & Mahindra Ltd. (M&M Ltd), one of India’s leading automotive companies, on Friday announced that its overall auto sales for the month of November 2023 stood at 70,576 vehicles, a growth of 21 per cent, including exports.
Dec 01, 2023, at 04:14 pm
Mumbai/UNI: Extending the rally on Friday, the BSE Sensex advanced 310.98 points, breaching the 67K level at 67,299.42 in the opening session on strong global cues.
Competition watchdog greenlights Abu Dhabi Ports' acquisition of Delanord Investments
Nov 30, 2023, at 06:50 am
New Delhi: The Competition Commission of India (CCI) has approved the acquisition of shareholding in Delanord Investments by Abu Dhabi Ports Company.
CCI approves Atlas 2022 Holdings' move to increase stake in Vodafone
Nov 30, 2023, at 06:47 am
New Delhi: The Competition Commission of India (CCI) has given the go-ahead for Atlas 2022 Holdings Limited to raise its ownership in Vodafone from 14.6% to just below 25%.
India's IT industry will grow $300 bn by 2030: Kris Gopalakrishnan
Nov 30, 2023, at 06:26 am
Bengaluru: Infosys Co-founder and Karnataka IT Vision Group Chairman Kris Gopalakrishnan on Wednesday said India's IT industry will grow $300 billion by 2030.
India's domestic coal-based power generation up to October grows by 8.8 %
Nov 30, 2023, at 06:04 am
New Delhi: India’s domestic coal-based power generation up to October 2023 reached 686.7 Billion Units (BU), reflecting an 8.88% increase from the 630.7 Billion Units (BU) generated in the corresponding period last year.
udChalo appoints ex-Indian Army Chief Gen Naravane to its advisory board
Nov 30, 2023, at 05:59 am
Pune: Consumer tech firm udChalo Wednesday announced the appointment of former Chief of the Army Staff General Manoj Mukund Naravane, to its advisory board.
India to grow at 6.3% in FY24, likely to slowdown to 6.1% in FY25: OECD
Nov 30, 2023, at 05:26 am
New Delhi: The Organization for Economic Cooperation and Development (OECD) Wednesday maintained its forecast for India's growth at 6.3 percent for the fiscal year 2024.
American footwear retailer Foot Locker inks deal with Metro Brands and Nykaa to enter Indian market
Nov 30, 2023, at 05:09 am
Mumbai: American sportswear and footwear retailer Foot Locker has announced plans to make its entry into the Indian market in 2024 through a partnership with local partners Metro Brands and Nykaa, a cosmetics-to-fashion retailer, Reuters reported.
Bank of Baroda to issue bonds worth Rs 5,000 cr
Nov 30, 2023, at 04:47 am
Mumbai: Bank of Baroda is set to issue bonds worth Rs 5,000 crore on November 30, Moneycontrol reported.
Walmart increases imports from India to benefit from cheaper imports
Nov 30, 2023, at 04:25 am
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
Cabinet extends free foodgrains for 81.35 crore beneficiaries for five years
Nov 29, 2023, at 11:23 pm
The Cabinet led by Prime Minister Narendra Modi has decided that the Central government will provide free food grains to about 81.35 crore beneficiaries under the Pradhan Mantri Garib Kalyan Anna Yojana (PMGKAY) for a period of five years with effect from Jan 1, 2024.
Indian Market: Sensex zooms 727.71 pts
Nov 29, 2023, at 10:12 pm
The BSE Sensex on Wednesday registered a massive gain of 727.71 pts to close at 66,901.91 on the strength of Bankex, Auto, IT and Financial Services stocks amid strong global cues.
Union Cabinet approves Terms of Reference for 16th Finance Commission
Nov 29, 2023, at 09:27 pm
The Union Cabinet chaired by Prime Minister Narendra Modi has approved the Terms of Reference for the Sixteenth Finance Commission.
India to launch first-ever tranche of critical and strategic minerals auction on Wednesday
Nov 29, 2023, at 07:09 am
New Delhi: India's Ministry of Mines will launch the first tranche auction of critical and strategic minerals on Wednesday, an official press release said.
DBS Bank India opens new branch at Kolkata's Russell Street
Nov 29, 2023, at 06:44 am
Kolkata: Private sector lender DBS Bank India has opened a new branch at Kolkata’s Russell Street.
TCS announces share buyback dates, retail entitlement at 17%
Nov 29, 2023, at 06:01 am
Mumbai: IT major Tata Consultancy Services (TCS) has scheduled its share buyback to start on December 1 and conclude on December 7.