JSW Cement picks bankers to initiate Rs 6,000 cr IPO: Report
Mumbai: Sajjan Jindal's JSW Group has engaged investment bankers to assist in the initial public offering (IPO) of its subsidiary, JSW Cement, media reported.
Finance
India, UAE aim at expanding bilateral trade to $100 billion; start Rupee-Dhiram trade: Piyush Goyal
Ahmedabad/IBNS/UNI: India and the United Arab Emirates (UAE) aspire to expand their bilateral trade to US$100 billion, Commerce and Industry Minister Piyush Goyal said on Wednesday.
SpiceJet shareholders approve plan to raise funds via shares and warrants
Mumbai: Shareholders of SpiceJet have approved the company's proposal to raise funds through the issuance of equity shares and warrants, according to a regulatory filing following the annual general meeting (AGM) on January 10.
ArcelorMittal world's largest steel plant Gujarat's Hazira with 24 MT capacity per annum
Kolkata: Steel and mining company ArcelorMittal Wednesday announced the construction of the world's single-biggest steel manufacturing factory at Hazira in Gujarat.
Mercedes-Benz unveils new AI-based virtual assistant for cars
Auto major Mercedes-Benz is showcasing a raft of developments that define its vision for the hyper-personalised user experience of the future – in-car and beyond. Headlining those is the new, integrated MBUX Virtual Assistant.
Sensex surges 271 pts to close at 71,657.7
The BSE Sensex on Wednesday rallied 271.50 pts to close at 71,657.71 as buying was seen in BSE services and consumer durable stocks despite a weak Asian market.
Shyam Metalics and Energy Limited raises Rs. 1,385 crores through QIP
Shyam Metalics and Energy Limited (SMEL), a prominent integrated metal-producing company based in Kolkata, is pleased to announce the successful completion of its fundraise of Rs. 1,385 crores through a Qualified Institutional Placement (QIP) against the total bid amount of Rs. 4055 Crs- representing 3.5 times the issuance.
Mukesh Ambani, Gautam Adani and Tatas line up fresh investments in Gujarat
Ahmedabad/UNI: Remaining highly bullish on India's growth story, top business leaders Mukesh Ambani, Gautam Adani and N Chandrasekaran committed more investments in Gujarat on Wednesday to further grow their presence in the coastal state.
ONGC extracts 'First Oil' from block in Krishna-Godavari Basin; production expected to reach 45,000 barrels/day
New Delhi: India's energy output is all set to get a mega boost as state-owned oil explorer ONGC started extraction on January 7 from a deep-sea project at the Krishna-Godavari Basin, with the potential to produce 45,000 barrels per day by May-June of this year.
Starbucks to boost growth in India with 1,000 stores by 2028
Bengaluru: Starbucks has announced plans to expand its presence in India, aiming to operate 1,000 stores in the country by 2028, with the goal of opening a new store every three days, media reports said.
Indian market witnesses slight improvement, Sensex gains 30.99 pts to close at 71,386.21
The BSE Sensex on Tuesday registered a small gain of 30.99 pts to close at 71,386.21 on the strength of Realty, Power and Auto stocks.
Bloomberg proposes to include Indian bonds in Emerging Market Local Currency Index
Bloomberg Index Services has proposed to include Indian bonds in the Emerging Market Local Currency Index, media reports said.
Boeing shares dip by 9% after 737 Max door blowout incident mid-air
Following the U.S. aviation regulator's temporary grounding of some of its best-selling 737 MAX jets, Boeing shares plunged 8.6% in early U.S. trade on Monday, wiping off about $13 billion in market value, according to Reuters.
Indian market experiences Monday blues after Sensex tanks 670.83 pts
Snapping a winning streak of the last two sessions, the BSE Sensex on Monday dropped 670.83 pts to settle at 71,355.24 as selling was witnessed in FMCG, Metal, Bankex and Financial Services stocks.
Narendra Modi government's Interim Budget likely to set nominal GDP growth at 10-10.5 pct
The Indian government will present its interim budget on Feb 1, just months before the country is expected to vote in the Lok Sabha polls this year.
As India surges ahead in digital payments, US plays catch-up
Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for years now, and has come to know his customers’ personalities, mannerisms – and preferred forms of payment.
As India surges ahead in digital payments, US plays catch-up
Gene Bradford opens up his shop, West Main Auto Repair, each morning at 8 a.m in Lexington, Georgia (USA). He’s lived in the small, close-knit community of Oglethorpe County for years now, and has come to know his customers’ personalities, mannerisms – and preferred forms of payment.
Tata Punch EV prices leaked from website ahead of launch: Company calls it technical glitch
Mumbai: The prices of Punch.ev have apparently leaked from Tata’s booking portal, according to many buyers who booked Punch EV, a report said.
Zomato delivery agents tipped Rs 97 lakhs by customers this New Year
Mumbai: This New Year's Eve, apart from the restaurants, bakeries and other food joints, those delivering them to their doorstep also benefited from the celebrations.
Vietnamese EV major VinFast plans to invest USD 2 billion in Tamil Nadu
Vietnamese EV manufacturer VinFast and the Tamil Nadu government in southern India have inked a Memorandum of Understanding (MoU) to charge the development of green transportation in India.
India's forex reserve touches the highest level in 21 months
India's foreign exchange reserves rose from $2.759 billion to $623.20 billion in the week which ended on December 29.
REC Ltd & Bank of Baroda sign MoU to finance power, infrastructure and logistics projects
New Delhi: REC Limited, a Maharatna CPSE under the Ministry of Power, signed a Memorandum of Understanding (MoU) with public sector lender Bank of Baroda, on Friday.
Volvo Car India reports 31% YoY sales growth in 2023
Kolkata: Volvo Car India registered a 31% increase in overall sales compared to the previous fiscal year, according to a press release on Friday.
Shree Cement announces a new brand identity with ‘Bangur’ as the master brand
Kolkata: Shree Cement Limited has announced a revamp of its corporate brand identity and launched multiple brand offerings, with ‘Bangur’ as the master brand, a press release said.
Govt projects FY24 GDP growth at 7.3%
New Delhi: India's gross domestic product (GDP) is projected to grow by 7.3 percent in 2023-24, surpassing the 7.2 percent recorded in the previous fiscal year, the Ministry of Statistics and Programme Implementation said Friday.
Five killed in massive train fire in Bangladesh ahead of polls
Dhaka: At least five people were killed in Bangladesh after a massive fire erupted in a passenger train on Friday.
Tata Motors introduces first EV architecture 'acti.ev'
Mumbai: Tata Passenger Electric Mobility (TPEM) Friday introduced its first EV architecture named ‘acti.ev’ meant to underpin future products from the TPEM portfolio.
India taking measures to secure merchant ships amid rise in attacks in the Red Sea region: Report
New Delhi: Amid the recent surge in attacks in the Red Sea region, a senior government official on Friday said that the Indian government is ensuring the security of shipments on the open seas, a media report said.
Tata Steel India reports 4.88 million tons delivery in Q3FY24; notes sustained growth in Indian steel demand
Mumbai: Tata Steel India on Friday said that its crude steel production reached 5.32 million tons, up 6% on QoQ as well as YoY basis.
Gautam Adani beats Mukesh Ambani as the richest Indian within a year of Hindenburg allegations
Mumbai: Adani Group Chairman Gautam Adani is back at the top of the list of richest Indians, surpassing Reliance Industries Chairman Mukesh Ambani, media reports said.