by PTI News | Oct 1, 2022 | 1:35 pm | News, Trending News
Reliance Jio, the nation's biggest telecom firm, will expand 5G telephony services offering ultra high-speed internet connectivity to every part of the country by December 2023, its chairman Mukesh Ambani said on Saturday. Jio had in September 2016 made an entry into the telecom sector, offering free voice calls and dirt-cheap data, forcing the competition [...] 
by PTI News | Sep 30, 2022 | 4:56 pm | Foreign Exchange and Rupee Price, News
The rupee extended its initial gains and settled 37 paise higher at 81.36 against US dollar on Friday, after the Reserve Bank of India raised the benchmark lending rate by 50 basis points. At the interbank forex market, the local unit opened at 81.60 against the greenback. It witnessed an intra-day high of 81.17 and [...] 
by PTI News | Sep 30, 2022 | 2:26 pm | IPO, News
Medical equipment manufacturer Airox Technologies has filed preliminary papers with capital markets regulator Sebi to raise Rs 750 crore through an initial public offering (IPO). The IPO is entirely an offer-for-sale (OFS) of equity shares by promoters -- Sanjay Bharatkumar Jaiswal and Ashima Sanjay Jaiswal, according to the draft red herring prospectus (DRHP). Under the [...] 
by PTI News | Sep 30, 2022 | 11:52 am | Economy, News
The Reserve Bank of India on Friday slashed the growth projection to 7 per cent for the current fiscal from the earlier forecast of 7.2 per cent, citing aggressive tightening of monetary policies globally and moderation in demand. Unveiling the fifth monetary policy for this fiscal, RBI Governor Shaktikanta Das said the central bank remains [...] 
by PTI News | Sep 30, 2022 | 11:48 am | Economy, News
Sales of residential properties increased 41 per cent to 88,234 units in July-September this year across seven major cities, property consultant Anarock said on Friday. The housing brokerage firm released its quarterly data of seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. As per the data, housing sales [...] 
by PTI News | Sep 30, 2022 | 11:48 am | Economy, News
The Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by Russia-Ukraine war. RBI Governor Shaktikanta Das said the impact of inflation globally is weighing heavily on the domestic market. For September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent. [...] 
by PTI News | Sep 30, 2022 | 10:15 am | News, Trending News
Benchmark indices fell in early trade on Friday amid weak global market trends and a cautious approach by investors ahead of the Reserve Bank's monetary policy decision. The 30-share BSE benchmark fell 262.73 points to 56,147.23 points in initial trades. Similarly, the broader NSE Nifty dipped 70.4 points to 16,747.70 points. Among the 30-share Sensex [...] by PTI News | Sep 30, 2022 | 10:00 am | Foreign Exchange and Rupee Price, News
The rupee appreciated 24 paise to 81.49 against the US dollar in early trade on Friday ahead of the RBI monetary policy decision. Forex traders said the rupee gained as the dollar retreated from its elevated levels. However, the local unit is likely to remain volatile amid the announcement of the Reserve Bank of India [...] 
by PTI News | Sep 30, 2022 | 8:12 am | News, Trending News
Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker Deepak Nitrite to take its overall shareholding in the company to over 5 per cent. The Corporation's shareholding in Deepak Nitrite has increased from 67,88,327 to 68,58,414 equity shares, increasing its stake from 4.977 per cent to 5.028 per cent of the [...] 
by PTI News | Sep 29, 2022 | 4:40 pm | Corporate Action, News
Adani Enterprises Ltd on Thursday said it's three wholly-owned subsidiaries have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh under public-private partnership mode. The company in a statement said it has secured finances of Rs 10,238 crore from lenders, and the concession period of the project shall be 30 [...] 
