New Delhi (IANS) Capitalising on their opening session gains, domestic equity benchmark indices settled week’s last trading session sharply higher in the green led by gains in IT, media, and banking stocks coupled with strong global cues. Nifty IT was the … read more
New Delhi (IANS) Global financial services provider firm Moody’s Investors Service has slashed India’s GDP projection to 8.8 per cent for 2022, from 9.1 per cent estimated previously. The rationale behind the cut was the prevailing high inflation. “Except for Russia, … read more
New Delhi (IANS) The move to waive import duties on some key raw materials and intermediaries needed for production of steel is expected to help in moderating steel prices in the domestic market, besides reducing inflation, said Uday Narang, Founder and … read more
Chennai (IANS) Government-owned and listed insurer, the New India Assurance Company Ltd closed FY22 with a net profit of Rs 164.27 crore, down from Rs 1,604.69 crore logged during FY21. The company’s solvency margin also dropped to 1.66 times at the … read more
New Delhi (IANS) One97 Communications Limited (OCL) that owns the brand Paytm, Indias leading mobile payments and financial services company, announced its quarter-ending March 2022 and full financial year FY22 results. The company saw its revenue jump by 77 per cent … read more
New Delhi (IANS) The brokerage house Centrum Broking has given a ‘buy’ call for Mahindra & Mahindra, Hindalco Industries, and Steel Authority of India shares. “While tractor sales have slowed down over a high base and stress in the rural segment, … read more
New Delhi (IANS) India’s oilmeal exports for the month of April 2022 were provisionally reported at 333,972 tonne as compared to 303,705 tonne in the same month of 2021 i.e, a rise of 10 per cent year-on-year, data compiled by Solvent … read more
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