Equity benchmarks extended their rally for the second straight session on Wednesday amid buying in index heavyweights HDFC twins and foreign funds inflows. Recovery in most of the Asian markets and positive start in European equity exchanges also added to the momentum. The 30-share BSE Sensex climbed 390.02 points or 0.64 per cent to settle [...]
Steel manufacturer Tata Steel has set up a Centre for Innovation in Mobility at the Indian Institute of Technology, Madras Research Park here, to develop application technologies for current and future mobility platforms, the company said on Wednesday. The Centre would work closely with academia and the mobility industry. It has facilities for Computer Aided [...]
Corporate funding in the global solar sector declined 13 per cent year-on-year to USD 24.1 billion in 2022, according to a Mercom Capital report. Corporate funding includes venture capital and private equity (VC and PE), debt financing, and public market financing. "Total corporate funding in 2022 (first nine months) stood at USD 24.1 billion, 13 [...]
Abrasives and precision component manufacturer Wendt India on Wednesday reported standalone profit after tax at Rs 11.45 crore for the October-December 2022 quarter. The Murugappa group company had registered a standalone profit after tax at Rs 6.76 crore during corresponding quarter of previous year. In a BSE filing, the company said the increase in profit [...]
State-owned Central Bank of India on Wednesday reported 64 per cent jump in profit at Rs 458 crore for December quarter 2022-23, aided by a decline in bad loans and improvement in Net Interest Income (NII). The Mumbai-based bank had posted a net profit of Rs 279 crore in the year-ago period. The bank's total [...]
Agro Chem Federation of India (ACFI) has demanded that the government should cut import duty on crop protection chemicals in the upcoming budget and also provide fiscal incentives to private players for undertaking research. The ACFI is an industry body representing manufacturers/ importers of technical and formulation of pesticides at the pan-India level. "India presently [...]
Women from tier 2 cities have been enthusiastically participating to be a part of the workforce and have also started opting for unconventional roles for flexibility and better income opportunities, says a report. In 2022, jobs and professional networking platform 'apna' witnessed more than 31 million professional conversations among women from tier 1, tier 2, [...]
Adani Green Energy arm Adani Renewable Energy Holding Two Ltd will acquire 50 per cent equity in Essel Saurya Urja Company of Rajasthan Ltd from Essel Infraprojects for Rs 15 crore. Adani Renewable Energy Holding Two Ltd (ESUCRL) has entered into a binding term sheet with Essel Infraprojects Ltd on January 17, 2023 to this [...]
Prices of luxury properties appreciated by 8-12 per cent during the last year across major cities and has breached the 2015 peak level, according to India Sotheby's International Realty. In its annual 'Luxury Outlook Survey 2023', India Sotheby's International Realty (ISIR) revealed that 61 per cent of High-Net-worth Individuals (HNIs) and Ultra High-Net-worth Individuals (UHNIs) [...]
Ahead of the Budget session of Parliament, the finance ministry has sought expenditure proposals for the second and final batch of Supplementary Demands for Grants from various ministries and departments. The final batch of Supplementary Demands for Grants for 2022-23 is proposed to be placed before Parliament in the ensuing session, the ministry said in [...]
