New Delhi (IANS) After the Enforcement Directorate (ED) seized nearly Rs 5,551.3 crore from Xiaomi India under Foreign Exchange Management Act (FEMA) for illegal remittances to foreign entities, reliable sources said on Monday that about 84 per cent of the seized … read more
Mumbai (IANS) Union Shipping Minister Sarbananda Sonowal on Saturday said here that the Indian cruise market has a potential to grow 10-fold in the next 10 years, driven by rising demands and increased disposable incomes. “The government realises this potential and … read more
New Delhi (IANS) Equity benchmark indices extended their losses from the previous session and settled on a negative note on Tuesday, amid high volatility in overall financial markets. Sensex closed at 54,364 points, down 106 points or 0.2 per cent, whereas … read more
New Delhi (IANS) Reliance Jio’s healthy Q4 results shows the industry is digesting the impact of tariff hikes in the form of meaningful increase in its average revenue per user, said multinational investment bank UBS. In December 2021, 20-25 per cent … read more
New Delhi (IANS) The initial public offering of insurance major Life Insurance Corporation of India has been subscribed 1.02 times on second day of the issue. It received bids for 16.48 crore equity shares against offer size of 16.2 crore equity … read more
New Delhi (IANS) The Central government is organising an investor meet in Mumbai on Friday to develop the PPP model to achieve 100 million ton coal gasification, which is considered a cleaner option compared to burning of coal, and focus on … read more
New Delhi (IANS) Ola Electric has grabbed the top spot in the fast-growing electric vehicle (EV) market in India, in just five months of launching its first e-scooter. According to the government’s Vahan portal data, Ola registered 12,689 e-scooter units in … read more
Bengaluru (IANS) IT major Wipro announced its financial results for the fourth quarter of FY22 ended March 31 on Saturday. According to an official statement issued by the company, its gross revenue stood at Rs 208.6 billion ($2.7 billion1), an increase … read more
New Delhi (IANS) The combined holdings of the domestic mutual funds and direct households in stocks have risen over 600 basis points since 2015, whereas those of foreign portfolio investors (FPI) have declined about 150 basis points, said global investment bank … read more
New Delhi (IANS) The Supreme Court on Friday rejected the challenge against the constitutional validity of the Maharashtra Protection of Interest of Depositors (in Financial Establishments) (MPID) Act, as it upheld the attachment of properties of 63 moons Technologies by the … read more