Business and financial news
London: Around 1,500 Tata Steel workers in Britain will commence an indefinite strike on July 8 in response to the company's decision to shut down two blast furnaces and eliminate up to 2,800 jobs, Reuters reported citing the trade union Unite.
Kolkata: Deepak Parekh-backed multi-speciality healthcare provider in East India, Nephro Care India Limited (NCIL) is likely to raise around Rs 40 crore through the initial public offering (IPO) to fund its expansion plans.
Mumbai: Pine Labs Pvt, an Asian digital payments provider supported by Peak XV Partners and Mastercard Inc., is reportedly considering raising about $1 billion through an initial public offering (IPO) in India, media reported.
New Delhi: The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and Rural Labourers (CPI-RL) (Base: 1986-87=100) saw an increase of 6 points each in May 2024, reaching 1269 and 1281, respectively.
Mumbai: Indian basmati rice exporter GRM Overseas has announced that its board has approved the fund-raise of Rs.136.5 core through the issue of share warrants on preferential basis to 33 promoters and non-promoter investors.
Quick-commerce company Zepto on Friday announced it has secured $665 million in a funding round, which has doubled its valuation to $3.6 billion, media reported.
New Delhi: India dropped seven places to 15th in the 2023 World Investment Ranking as foreign direct investment (FDI) inflows decreased by 43% to $28 billion, according to a report by the United Nations Conference on Trade and Development (UNCTAD) released on June 20.
New Delhi: The retirement body EPFO enrolled 1.9 million net members in April this year, registering an over 31 percent increase from the previous month’s count, according to provisional payroll data released on Thursday.
Mumbai: Commercial vehicles manufacturer Tata Motors announced the launch of Tata Motors Fleet Verse - a comprehensive and innovative digital marketplace for Tata Motors Commercial Vehicles.
Volvo CE India, the construction equipment subsidiary of the Swedish major Volvo group, is aiming to double its market share in India, a company's top official said.
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, Wednesday approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs.7453 crore.
New Delhi: The Union Cabinet, chaired by Prime Minister Narendra Modi, today approved setting up a Major Port at Vadhavan near Dahanu in Maharastra.
New Delhi: The Union Cabinet announced on Wednesday the minimum support price (MSP) for 14 Kharif season crops, including paddy, ragi, bajra, jowar, maize, and cotton.
Mumbai: British telecom company Vodafone announced on Wednesday that it has sold an 18 percent stake in Indus Towers for 1.7 billion euros (approximately Rs 15,300 crore), reported media.
New Delhi: Banks have reportedly informed the government and Reserve Bank of India (RBI) about shortage in supply of automated teller machines (ATMs), reported Economic Times.
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
Chipmaking major Nvidia has become the world's most valuable company after its stocks reached all-time high on Tuesday, media reports said.
Mumbai: Elon Musk's $56 billion remuneration package exceeds Tata Motors' total revenue for the 2023-24 financial year, which amounted to $52.44 billion (Rs 4.38 lakh crore), reported the Economic Times.
Varanasi: During his visit to Varanasi on Tuesday, Prime Minister Narendra Modi released the 17th installment of the PM Kisan Samman Nidhi Yojana, benefiting more than 9.26 crore farmers with a total disbursement exceeding Rs 20,000 crore.
Mumbai: Vodafone Group Plc, a promoter entity of Vodafone Idea Ltd, is expected to sell up to 9.94% equity through block deals in Indus Towers Ltd on Wednesday, reported CNBC-TV18.
New Delhi: India's net direct tax collections have increased by 21 percent year-on-year, reaching over Rs 4.62 lakh crore from April 1 to June 17, according to the income tax department on Tuesday.
Mumbai: Despite the central bank's efforts to reduce India's retail inflation to its 4 percent target, the final stages of the disinflationary process are challenging due to persistently high food prices, Reserve Bank of India Governor Shaktikanta Das stated at an event on Tuesday.
Mumbai: The State Bank of India (SBI), the country's largest lender, has initiated discussions with market participants to raise approximately Rs 10,000 crore ($1.20 billion) through infrastructure bonds, reported Reuters, citing to two merchant bankers on Tuesday.
New Delhi: State-owned Coal India Ltd is exploring lithium blocks in Argentina in collaboration with a US company to secure supplies of this crucial battery material, reported Reuters.
Indian Hotels Company (IHCL), India’s largest hospitality company, further strengthens their footprint in Bhutan with the signing of an 83-key hotel in Thimphu. This hotel will be rebranded to an IHCL – SeleQtions.
A top Indian industry chambers body's head has claimed India will become the world's third-largest economy in the next few years.
Mumbai/IBNS: Indian stock market hit a fresh lifetime high in early trade on Monday (June 10), with benchmark indices Sensex and Nifty 50 rising above 77,000 and 23,400, respectively, after Narendra Modi took oath as India's Prime Minister for a third consecutive time.
The Reserve Bank of India recently said India's forex reserves has moved up to touch USD 4.837 billion to touch a new all-time high of USD 651.51 billion for the week ended May 31.
Tech entrepreneur Elon Musk on Sunday expressed gratitude to Indian-origin techie Ashok Elluswamy, appointed as the first member of the Tesla autopilot team.
New Delhi/IBNS: Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility in Kolkata's Syama Prasad Mookerjee Port, reports said.
Get the latest news delivered to your inbox
Connect with us on social media
