Mumbai (IANS) Fears of foreign funds exiting India along with expectations of lower consumer sentiment due to Covid pulled India’s stock markets lower on Thursday. Accordingly, the fears were triggered by US Fed statement on the eventual restart of liquidity tapering … read more
Chennai (IANS) Hinduja group’s commercial vehicle major Ashok Leyland Ltd on Tuesday said its UK subsidiary Switch Mobility Ltd has acquired the entire stakes in its Indian subsidiary Switch Mobility Automotive Ltd. Switch Mobility Automotive has thus become a step-down subsidiary … read more
New Delhi (IANS) As the economy battles yet again to come out of the Covid-induced slowdown, an SBI Ecowrap report has suggested that the space for monetary accommodation is over, and the Reserve Bank of India (RBI) will face multiple challenges … read more
New Delhi (IANS) Lauding the latest revision in the FAME-II norms by the Centre, stakeholders in the sector have said that the move will substantially increase the demand for electric bikes and scooters. Hero Electric MD Naveen Munjal said: “In what … read more
New Delhi (IANS) India needs about 400,000 charging stations to meet the requirement for two million Electric Vehicles (EV) that could potentially ply on its roads by 2026, said a report on Saturday. The Grant Thornton Bharat-Ficci report said for India … read more
New Delhi (IANS) The Confederation of All India Traders (CAIT) has welcomed the judgement of the Karnataka High Court on Friday dismissing the petition of Amazon and Flipkart and the stay granted on an investigation by the Competition Commission of India … read more
Mumbai/Delhi (IANS) The National Company Law Tribunal (NCLT) on Thursday adjourned the much-awaited Reliance Infratel Ltd ‘fraud tag’ matter to July 5, asking the State Bank of India (SBI) to gather and produce more pleadings, submissions and evidences on that day. … read more
New Delhi (IANS) GAIL (India) Ltd on Wednesday reported a 28 per cent growth in its net profit for the January-March period, on a quarter-on-quarter basis, at Rs 1,908 crore. During the Q3 of FY21, the state-run natural gas major had … read more
Mumbai (IANS) The Indian stock market climbed to fresh highs on Monday with both the BSE Sensex and the Nifty50 on the National Stock Exchange (NSE) ending at their record closing highs. Nifty also touched a new intra-day all-time high of … read more
New Delhi (IANS) The Board of Directors of Reliance Infrastructure Ltd (RInfra) at its meeting held on Sunday has approved raising of funds upto Rs 550.56 crore by preferential allotment of upto 8.88 crore equity shares and/or warrants convertible into equivalent … read more