Infosys on Wednesday said it will acquire Denmark-based BASE life science for about 110 million euros (Rs 875 crore) in an all-cash deal. The acquisition will deepen Infosys' expertise in life sciences domain as well as strengthen its footprint across Europe. "This acquisition augments Infosys' deep life sciences expertise, and expands our footprint further in [...]
Domestic cigarette manufacturers are on course to record higher volume growth than the pre-pandemic levels at 5-6 per cent this fiscal, despite smuggled in cigarettes chipping away a good volume, a report said on Wednesday. Rating agency Crisil said it expects the volume to go past 93 billion sticks this year on the back of [...]
Chinese phone maker Oppo's India unit has been slapped with a notice for alleged Rs 4,389 crore import duty evasion, the Finance Ministry said on Wednesday. A show-cause notice has been slapped on Oppo India on July 8 after recovery of documents during searches on its premises that indicated wilful misdeclaration in the description of [...]
Benchmark equity indices Sensex and Nifty reversed their early gains to close lower on Wednesday due to selling in oil & gas, banking and IT stocks amid weak trends in European markets. The 30-share BSE Sensex declined by 372.46 points or 0.69 per cent to close at 53,514.15, extending its falling streak to a third [...]
Passenger vehicle wholesales in India rose by 19 per cent year-on-year in June on the back of improvement in semiconductor supplies, according to industry body SIAM. As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,75,788 units last month against 2,31,633 units [...]
Realty firm Signature Global (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO). The IPO will comprise a fresh issue of equity shares worth up to Rs 750 crore and an Offer for Sale (OFS) of up to Rs 250 crore, according [...]
India exported textiles and handicrafts worth more than USD 44 billion -- an all-time high -- last financial year, Textiles Secretary U P Singh said on Tuesday. He was speaking at an industry event in Greater Noida which was inaugurated by Union Minister of State for Textiles and Railways Darshana Vikram Jardosh. Jardosh, while inaugurating [...]
Retail inflation dropped marginally to 7.01 per cent in June mainly due to slight easing in prices of vegetables and pulses, though it remained above the Reserve Bank's comfort level for the sixth month in a row. The consumer price index (CPI) based inflation stood at 7.04 per cent in the preceding month of May [...]
Leading non-bank wealths solutions company Anand Rathi Wealth on Tuesday reported 33.6 per cent jump in profit after tax at Rs 39.7 crore for three months ended June 2022. In comparison, the company had posted a Profit After Tax (PAT) of Rs 29.7 crore in the same quarter preceding fiscal, Anand Rathi Wealth, part of [...]
IT services company HCL Technologies on Tuesday reported a 2.4 per cent year-on-year increase in its net profit for the three months ended June 2022 at Rs 3,283 crore. The revenue came in at Rs 23,464 crore, which was nearly 17 per cent higher than the year-ago period. In its FY23 guidance, the company said [...]
