Chennai (IANS) Japan’s multi-product Daicel Corporation will set up an automotive airbag inflator plant near here at an investment of Rs 230 crore. “In the first phase the investment will be Rs.230 crore. The focus will be on the domestic market. … read more
Mumbai (IANS) Lending major HDFC Bank on Saturday reported an 18.1 per cent increase in standalone net profit for the quarter ended December 31 of FY21 on a year-on-year basis. The bank’s net profit for the third quarter of FY21 rose … read more
New Delhi (IANS) The Indian stock market, which has off late been on a bull run, plunged on Friday as traders took to profit booking amid concerns of high valuations. The BSE Sensex, which seemed well on course to reach the … read more
New Delhi (IANS) The government proposes to appoint independent operators of gas pipelines in the country to operationalise the common carrier principle that will allow all consumers and producers access to fuel transport infrastructure. Petroleum Secretary Tarun Kapoor told IANS that … read more
Mumbai (IANS) IT major Wipro on Wednesday reported 20.85 per cent growth in its consolidated net profit for the October-December quarter at Rs 2,968 crore. The company had reported a net profit of Rs 2,455.9 crore during the corresponding period of … read more
Mumbai (IANS) The BSE Sensex continues its record run as it surged above the 49,000 mark on Monday amid incessant inflow of foreign institutional investments (FII), strong Q3 earnings and vaccine hopes. The Sensex touched an all-time high of 49,303.79 points. … read more
New Delhi (IANS) The logistics sector is at the cusp of the next phase of growth on the back of the push for manufacturing and infrastructure development in the country, market players feel. With the country emerging out of the pandemic, … read more
Mumbai (IANS) Reliance Infrastructure Limited (RInfra) on Saturday announced the successful completion of sale of its entire 74 per cent equity stake in Parbati Koldam Transmission Company Limited (PKTCL) to India Grid Trust (IndiGrid) for an enterprise value of Rs 900 … read more
New Delhi (IANS) Bharti Airtel has approached the Supreme Court over the assessment of adjusted gross revenue (AGR) dues payable by the company. According to the telecom operator, the assessment by the Department of Telecommunications (DoT) has errors. As per DoT’s … read more
New Delhi (IANS) The Confederation of All India Traders (CAIT) on Sunday said it has targeted to reduce imports from China to Rs 1 lakh crore this year. In a statement, the traders’ body said it would run a programme this … read more