Maharashtra Energy Minister Nitin Raut on Thursday said there has been no load-shedding in the state for the last 22 days and attributed this to good work and right planning by his department. He appealed to consumers to pay their energy bills on time and avoid wastage of electricity. “There is a shortage of coal [...]
A promoter entity of automotive component supplier Mahindra CIE Automotive Ltd on Thursday bought the company's shares worth Rs 200 crore through an open market transaction. According to bulk deal data available with BSE, Participaciones Internacionales Autometal Dossociedad Limitada purchased 1,02,36,240 shares at an average price of Rs 195 apiece. This took the transaction value [...]
India's headline inflation galloped for a seventh straight month to touch an 8-year high of 7.79 per cent in April on rising food and fuel prices, raising the odds of an interest rate hike by the RBI early next month to tame prices. With factory output measured in terms of the Index of Industrial Production [...]
Tata Motors expects its capex to increase to up to Rs 6,000 crore in the ongoing fiscal to support various programmes across its commercial, passenger and electric vehicles verticals, Group CFO P B Balaji said on Thursday. While the company has committed investments for its businesses to get well funded and the transition to the [...]
Siemens on Thursday posted a 2.5 per cent rise in its consolidated net profit at Rs 340 crore in the quarter ended March 2022. In the year-ago quarter, the consolidated net profit of the company was Rs 331.5 crore, Siemens said in a BSE filing. Total income in the quarter under review rose to Rs [...]
The Supreme Court Thursday refused to grant any interim relief and stay the Life Insurance Corporation (LIC) IPO share allotment on a batch of pleas filed by some policyholders. A bench of Justices DY Chandrachud, Surya Kant, and PS Narasimha said that the court should be reluctant to grant any interim relief in matters of [...]
The Supreme Court Thursday directed the Enforcement Directorate (ED) to apprise about the progress made by it so far in the investigation of over 50 money laundering cases arising out of the coal block allocation scam. The top court, meanwhile, also permitted the anti-money laundering probe agency to relieve or repatriate four senior officers, monitoring [...]
Prices of home appliances and consumer electronics, including TV, washing machines, and refrigerators, are expected to go up by 3 to 5 per cent from May end or the first week of June as manufacturers pass on the impact of rising input costs to buyers, according to industry players. Moreover, the depreciating Indian rupee against [...]
The number of subscribers under the two flagship pension schemes of PFRDA increased nearly 23 per cent to over 5.23 crore by April-end 2022. The subscriber base of the two schemes combined was 4.26 crore in April last year, Pension Fund Regulatory and Development Authority (PFRDA) data showed. The flagship schemes -- National Pension System [...]
Homegrown auto major Tata Motors on Thursday reported narrowing of consolidated net loss to Rs 992.05 crore in the fourth quarter ended March 2022. The company had posted a consolidated net loss of Rs 7,585.34 crore in the same period last fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood [...]
