Infosys founder N R Narayana Murthy on Thursday stressed that venture capital funds need to focus on profitability at startups as well, and warned that the focus on valuations is creating a "ponzi" scheme. Speaking at the annual Nasscom event here, Murthy said many startups are witnessing repeated rounds of funding at higher valuations, the [...]
MP Natural Resources Pvt Ltd bagged a coal mine in Madhya Pradesh on the fourth day of commercial coal mines auction on Thursday. Two coal mines were put up for e-auction. The auction of the other mine in Madhya Pradesh was underway. In a statement, the coal ministry said both the mines are fully explored [...]
Market benchmarks climbed in early trade on Friday, bouncing back from the previous day's fall, following a positive trend in global equities and fresh foreign fund inflows. The BSE Sensex climbed 503.56 points to 59,412.91 after starting the trade on a positive note. The NSE Nifty advanced 157.15 points to 17,479.05. From the Sensex pack, [...]
The domestic steel industry has sought a roadmap to ensure 161 million tonnes of coking coal is available for scaling up the country's annual steel making capacity to 300 million tonnes by 2030. Coking coal and iron ore are the two key raw materials used for manufacturing steel through the blast furnace route. While iron [...]
Union minister Nitin Gadkari on Thursday invited Austrian companies to set up plants for manufacturing ropeways and cable car components and equipment in India. Gadkari, minister for road transport and highways, met Austrian delegation led by Ambassador of Republic of Austria to India Katharina Wieser. Gadkari informed the delegation that several ropeways and cable car [...]
Market benchmarks ended nearly 1 per cent lower on Thursday amid weak trend in global equities and continuous foreign fund outflows. The BSE Sensex tumbled 501.73 points or 0.84 per cent to settle at 58,909.35. During the day, it tanked 544.82 points or 0.91 per cent to 58,866.26. The NSE Nifty declined 129 points or [...]
Commerce and industry minister Piyush Goyal on Thursday said that PM GatiShakti national master plan and logistics policy together will help improve competitiveness of businesses and attract investments into India. He said that layers of data are there at PM GatiShakti portal where different geological, ecological and infrastructural elements across the country were mapped and [...]
The government on Wednesday said that it has decided to discontinue imports of crude sunflower seed oil under tariff rate quota (TRQ) from April 1 this year. TRQ is a quota for a volume of imports that enter India at specified or nil duty, but after the quota is reached, the normal tariff applies to [...]
Sebi on Thursday barred 31 entities, including actor Arshad Warsi, his wife Maria Goretti and promoters of Sadhna Broadcast from the securities market in a case related to uploading misleading videos on YouTube channels recommending investors to buy the company's shares. The company's promoters who have been restrained from the securities market for their involvement [...]
Market benchmarks declined in early trade on Thursday amid a largely weak trend in global equities and continuous foreign fund outflows. The BSE Sensex declined 145.4 points to 59,265.68. The NSE Nifty dipped 47.95 points to 17,402.95. From the Sensex pack, Tata Consultancy Services, Infosys, Maruti, Axis Bank, Mahindra & Mahindra, Tech Mahindra, Tata Motors, [...]
