Equity mutual funds attracted a net sum of Rs 14,888 crore in January, making it the 11th consecutive monthly net inflow. However, this was much lower than the net inflow of Rs 25,077 crore witnessed in December, data from the Association of Mutual Funds in India (Amfi) showed on Wednesday. Equity schemes have been witnessing [...]
New Delhi, Feb 9 (PTI) Jindal Steel and Power on Wednesday reported "meaningful recovery" in steel sales, despite low railway rake availability and stressed that sales volume registered a year-on-year growth of 20 per cent to 6.95 lakh tonnes in January this year. Inventories continued to decline for the second consecutive month with the company [...]
New Delhi, Feb 9 (PTI) India is witnessing a shift in mobility trends with more and more consumers expressing interest in electrified and hybrid vehicles, as per Deloitte’s Global Automotive Consumer Study 2022. More than a third of Indian consumers have expressed interest in electrified and hybrid vehicles, as the segment sets steam with India’s [...]
New Delhi, Feb 9 (PTI) Crude oil prices rose Rs 14 to Rs 6,686 per barrel on Wednesday, as participants widened their positions on a firm spot demand. On the Multi Commodity Exchange, crude oil for the February delivery traded higher by Rs 14, or 0.21 per cent, to Rs 6,686 per barrel in 9,579 [...]
Logistics firm Xpressbees on Wednesday said it has raised USD 300 million (about Rs 2,250 crore) in a Series-F funding round led by Blackstone Growth, TPG Growth and ChrysCapital. The capital raised will be used for product development, talent acquisition and the next phase of growth, it added. With this round, the total amount of [...]
New Delhi, Feb 9 (PTI) To contain the price rise in edible oils and oilseeds, the states have been asked to implement the Centre's stock limit order on the commodities without causing any disruption in the supply chain and impacting the trade, an official release said on Wednesday. The Union Consumer Affairs Ministry on February [...]
Mumbai, Feb 9 (PTI) An Alliance Air flight from Mumbai to Bhuj, carrying 70 passengers, flew without engine cover that was later retrieved from the runway at the city airport on Wednesday, prompting aviation regulator DGCA to start a probe into the incident, according to an official. The ATR aircraft landed safely at Bhuj in [...]
The partnership will combine West’s medical expertise with IIT’s unique incubation model to advance research in medical technology Bengaluru, Karnataka, India (NewsVoir) West Pharmaceutical Services, Inc. (West), a global leader in innovative solutions for injectable drug and healthcare products, recently announced its partnership with TECHIN – a Technology Innovation Foundation of IIT Palakkad which focuses [...]
New Delhi, Feb 9 (PTI) AXISCADES Technologies on Wednesday said it has launched a temperature screening solution to help entry of people into offices, factories, schools and restaurants amid the ongoing COVID-19 pandemic. The solution –- WeCareEST-- comprises a self-serving temperature measuring device, an app for device management and monitoring, and a web app to [...]
Procter & Gamble Health on Wednesday said its profit after tax declined by nearly 34 per cent to Rs 45 crore for the quarter ended on December 31, 2021. The company had reported a profit after tax (PAT) of Rs 68 crore in the October-December period of the last year. Total sales increased to Rs [...]
