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India supports release of oil from reserves to cool prices: Minister

New Delhi, Mar 31 (PTI) As oil prices dived on news that the US was considering record release from the reserves, India on Thursday said it supports the initiative to let out from the strategic stockpile to cool rising oil prices. Oil prices plunged on Thursday on news that the United States was considering releasing [...]

Guar seed futures rise on fresh bets

New Delhi, Mar 31 (PTI) Guar seed prices on Thursday rose by Rs 7 to Rs 6,340 per 10 quintals in futures trade after speculators increased their positions driven by a firm trend in spot market. On the National Commodity and Derivatives Exchange, guar seed for April contracts increased by Rs 7 or 0.11 per [...]

Guar gum futures gain on spot demand

New Delhi, Mar 31 (PTI) Guar gum prices on Thursday gained Rs 50 to Rs 12,089 per five quintals in futures trade as speculators increased their holdings on spot demand. On the National Commodity and Derivatives Exchange, guar gum contracts for April delivery traded higher by Rs 50 or 0.41 per cent to Rs 12,089 per [...]

Tata Motors launches Tigor EV in Nepal

New Delhi, Mar 31 (PTI) Tata Motors on Thursday said it has launched Tigor EV in Nepal. Starting today, the Tigor EV deliveries will commence across the country, the auto major said in a statement. The vehicles are now on display at showrooms and have been made available for test drives across the dealer network [...]

Crude oil futures decline on low demand

New Delhi, Mar 31 (PTI) Crude oil futures on Thursday dropped by 4.21 per cent to Rs 7,773 per barrel as participants trimmed their positions on low demand. On the Multi Commodity Exchange, crude oil for April delivery fell by Rs 342 or 4.21 per cent to Rs 7,773 per barrel with a business volume [...]

Wiz Freight raises Rs 275 cr in funding led by Tiger Global

New Delhi, Mar 31 (PTI) Supply chain startup Wiz Freight on Thursday said it has raised Rs 275 crore funding through a mix of equity and debt led by Tiger Global. Other investors -- Axilor Ventures, Foundamental, Arali Ventures, Stride Ventures and Alteria Capital also participated in the Series A funding round, the company said [...]

GFG Alliance appoints Sandip Biswas as group chief investment officer

New Delhi, Mar 31 (PTI) Sanjeev Gupta-led GFG Alliance on Thursday announced the appointment of Sandip Biswas as Group Chief Investment Officer.Biswas will join the London-based business house from Tata Steel UK, where he was the Chairman.In a statement, GFG Alliance said it has "appointed global steel industry executive Mr Sandip Biswas as Group Chief [...]

Airtel, Tech Mahindra team up for digital solutions across 5G, private networks, cloud

New Delhi, Mar 31 (PTI) Bharti Airtel and Tech Mahindra on Thursday announced a strategic partnership to jointly develop and market enterprise-grade digital solutions across 5G, private networks and cloud.Telecom operator Airtel has been undertaking 5G demonstrations and testing in India, while IT services major Tech Mahindra has developed 5G applications and platforms.Airtel and Tech [...]

Ashoka Buildcon gets LoA for NHAI highway project

New Delhi, Mar 31 (PTI) Infrastructure company Ashoka Buildcon on Thursday said it has received a letter of award (LoA) from NHAI to develop a section of National Highway 150 C on a hybrid annuity model.In 2019, the government had approved the hybrid annuity model (HAM) for building national highways (NH) to speed up the [...]