Trend in the equity market will be guided by a host of factors lined up this week, including inflation numbers, IIP data and quarterly earnings from IT majors, analysts said. Global cues, movement of the rupee, Brent crude oil and foreign funds will also influence Dalal Street this week, they added. "We have important macroeconomic [...]
The government has received multiple preliminary bids for strategic sale of about 61 per cent stake in IDBI Bank. "Multiple Expressions of Interest received for the Strategic Disinvestment of Govt and LIC Stake in IDBI Bank," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The transaction will now move to [...]
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) said the company on December 31 defaulted on repayments of principal amount Rs 1,713 crore and interest of Rs 2,346 crore. The loans pertained to various [...]
Private telecom company Reliance Jio launched 5G internet service in Jaipur, Jodhpur and Udaipur on Saturday. Rajasthan Chief Minister Ashok Gehlot formally launched Jio's 5G internet services in these cities. During the inaugural event, the chief minister said that this service is a revolutionary step in the field of information technology and telecommunication. With this, [...]
Negotiations for bilateral free trade agreements with several countries are "well on track" and India is also looking at some multilateral pacts that are fair and equitable for all the member countries, Commerce and Industry Minister Piyush Goyal said on Saturday. India has recently implemented a free trade agreement (FTA) with the UAE in May [...]
After proving its poweress in the field of software, India should strive to become a hub for software products, President Droupadi Murmu said on Saturday. While speaking at the 7th edition of Digital India Awards, Murmu said that there should focus on democratising government data to help technology enthusiasts in the country develop localised digital [...]
The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future group firm FSCSL in a regulatory filing said the Mumbai bench of NCLT has allowed the plea filed by DHL E-commerce (India) Pvt Ltd, claiming default. "NCLT has pronounced its Order today i.e. [...]
The Indian economy is estimated to grow at 7 per cent in the 2022-23 fiscal, down from 8.7 per cent a year ago, mainly due poor performance of mining and manufacturing sectors. As per the first advance estimates of national income released by the National Statistical Office (NSO) on Friday, the manufacturing sector output is [...]
Reliance Jio has launched 5G services in Gwalior, Jabalpur, Ludhiana and Siliguri, taking the total number of cities to 72. Jio has announced plans to launch its "True 5G" services in every town, taluka of India by the end of December 2023. "The launch strengthens Jio True 5G coverage in Madhya Pradesh, close to unveiling [...]
Coal India arm MCL on Friday said Subhadra mining project in Angul district of Odisha, having a capacity of 25 million tonnes per annum (MTPA), is advancing towards production. The project is being developed under Mine, Developer and Operator (MDO) mode. In a statement, Mahanadi Coalfields Ltd (MCL) said that under MDO mode the company [...]
