Equity benchmarks declined in initial trade on Wednesday after rallying in the past two days amid mixed trends in global markets and foreign fund outflows. The 30-share BSE Sensex declined 213.66 points to 60,713.77. The broader NSE Nifty dipped 63.95 points to 18,068.35. From the Sensex pack, Infosys, Bajaj Finserv, Tata Consultancy Services, HCL Technologies, [...]
Amit Garg has taken over as the new Director (Marketing) of Hindustan Petroleum Corporation Limited (HPCL), the company said on Tuesday. Prior to this, he was Executive Director (Aviation) in Bharat Petroleum Corporation Ltd (BPCL). "Garg is a Post Graduate in Electronics & Management," HPCL said in a statement. He is "a senior leader in [...]
Xiaomi India on Tuesday announced its partnership with Reliance Jio to offer the telco's 'True 5G' experience to its consumers. Smartphone models supporting the Standalone (SA) network have received a software update to work seamlessly on Reliance Jio’s network, according to a statement. The enabled devices include Mi 11 Ultra 5G, Xiaomi 12 Pro 5G, [...]
Indowind Energy board on Tuesday approved a rights issue of 3.58 crore equity shares for Rs 43.07 crore. The right issue will be opened on January 27, 2023, and will be closed on February 10, 2023, a BSE filing showed. The board meeting held today, i.e. December 27, 2022, has inter alia considered and approved [...]
The total liabilities of the government increased to Rs 147.19 lakh crore at September-end from Rs 145.72 lakh crore at the end of June this fiscal year, according to the latest data on public debt. In percentage terms, it reflects a quarter-on-quarter increase of 1 per cent in second quarter of 2022-23. Public debt accounted [...]
Indian Energy Exchange (IEX) on Tuesday announced setting up a wholly-owned subsidiary, International Carbon Exchange Private Ltd (ICX), to explore business opportunity in the voluntary carbon market. The ICX will enable participants to buy and sell voluntary carbon credits at competitive prices through its transparent & reliable platform and facilitate reduction of global GHG (green [...]
Debt-ridden Religare Finvest Ltd (RFL) is hopeful of restarting its business operation in the New Year following the company's proposal of Rs 2,300 crore One Time Settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, RFL will come out of the Corrective Action Plan (CAP) imposed by the Reserve [...]
Max Healthcare on Tuesday said it has entered into a partnership with genomics biotech firm Anuva to conduct genomic-based research on various communicable and non-communicable diseases in India. The two partners have signed a Memorandum of Understanding (MoU) for a five-year engagement, Max Healthcare said in a statement. The objective of the research will be [...]
Shrinkflation or reducing the size or quantity of a product while keeping the price unchanged was a little-known term in India but a surge in raw material costs following the war in Ukraine pushed several FMCG companies to resort to such a practice to ensure there is no impact on the fragile recovery in demand. [...]
The initial public offer of Radiant Cash Management Services was subscribed 11 per cent on the second day of subscription on Monday. The initial share-sale received bids for 29,76,450 shares against 2,74,29,925 shares on offer, as per NSE data. The category meant for Qualified Institutional Buyers (QIBs) was subscribed 16 per cent, while the portion [...]
