New Delhi, Feb 24 (PTI) The Competition Commission of India (CCI) on Thursday approved acquisition of stake in ISMT Ltd by Kirloskar Ferrous Industries Ltd. Through the proposed combination, Kirloskar Ferrous proposes to acquire sole control of ISMT pursuant to subscription of "a preferential allotment and an open offer to acquire up to 25.05 per [...]
New Delhi, Feb 24 (PTI) IT major Wipro Ltd on Thursday announced over 500 technology jobs in Brazil in the next fiscal year, to support growth in delivering cloud solutions to clients.The company will be hiring throughout Brazil, for a slew of roles ranging from IT and engineering to consulting, business development and operations.Announcing its [...]
Washington, Feb 24 (PTI) The Quad leaders have renewed their commitment to promote a free, open, rules-based order in the Indo-Pacific region, the White House said on Thursday, while emphasising that the US is funding USD 500 million to help American companies manufacture solar panels in India. In November 2017, the US, Australia, India and [...]
New Delhi, Feb 24 (PTI) Two-wheeler sales volume is expected to dip by 8-10 per cent this fiscal year due to factors like sluggish rural demand, low festive-season sales, higher prices, and deferred purchases as consumers eye electric vehicles, Crisil Ratings said on Thursday. The decline in sales volume in the current financial year is [...]
New Delhi, Feb 24 (PTI) Capital markets regulator Sebi on Thursday deferred implementation of the new regulations on client-level segregation and monitoring of collaterals till May 2. This is the second time the regulator has extended the deadline to comply with the rule. Initially, the regulator had given time till December 1, 2021, which was extended [...]
New Delhi, Feb 24 (PTI) National Highways Authority of India (NHAI) member Manoj Kumar on Thursday said a huge market is available for surety bonds in the country and now, the onus is on the insurance fraternity to come out with products quickly. Addressing an event organised by industry body Assocham, Kumar further said the [...]
The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net [...]
Kolkata, Feb 24 (PTI) The proposed Comprehensive Economic Partnership Agreement (CEPA) between India and UAE will come into effect in one month, an envoy of the Emirates said on Thursday. Ambassador extraordinary and plenipotentiary of the UAE embassy in India, Ahmed Abdul Rahman Albana said at a session organised by Merchant Chamber of Commerce that [...]
Tata AIA Life Insurance Co Ltd on Thursday said its individual weighted new business premium (IWNBP) jumped about 44 per cent to Rs 1,193 crore during the third quarter of fiscal 2021-22. The private life insurer had stood at Rs 831 crore in the year-ago period. For the nine-month period ended December 2021, it registered [...]
New Delhi, Feb 24 (PTI) Markets were awash in red and the Indian currency plummeted against the dollar on Thursday amid Russia's attack on Ukraine pushing investors to seek refuge in safe-haven assets. Gold as well as crude oil prices surged, with the latter even crossing the USD 105 per barrel mark. Markets in Asia [...]
