Prior to the holiday season, Nepal is planning to import 20,000 metric tonnes (MT) of sugar from India, which will supply roughly 3,00,000 MT of the Himalayan nation's annual domestic demand. The Ministry of Industry, Commerce, and Supplies has requested the Finance Ministry to grant a customs waiver for the import of 60,000 MT of [...]
The share price of a metal company climbed 5.32 percent on Thursday’s early trades to touch a fresh 52-week high of ₹ 508.90 apiece on the National Stock Exchange (NSE) after it signed a technology partnership with Italy-based Metra SpA. According to an exchange filing by Hindalco Industries, the partnership aims to enable the production [...]
Shares of this small-cap PSU stock are trading in the green after the Life Insurance Corporation of India (LIC) increased its stake in the company. Year-to-date, the company’s stock has soared more than 20 percent. With a market capitalization of Rs 10,255.11 crores, the stocks of Mahanagar Gas Limited opened their trading hour on Thursday [...]
The Federation of Automobile Dealers Associations requested on Thursday a drop in the GST rate for entry-level two-wheelers to 18%, claiming that the market has yet to fully recover from the COVID-19 pandemic's effects. Manish Raj Singhania, president of the Federation of Automobile Dealers Associations (FADA), said in a speech at the Auto Retail Conclave [...]
On Thursday Union Road Transport and Highways Minister Nitin Gadkari said that dealers of automobiles should also open vehicle scrapping facilities. Addressing the fifth Auto Retail Conclave, Gadkari said the government is encouraging a circular economy, and accordingly the government will give permission to dealers to start vehicle scrapping facilities. He also noted that India [...]
The share price of a banking company appreciated to the tune of 4.10 percent on Thursday’s early trades to reach an intraday high of ₹ 107.80 apiece on the National Stock Exchange (NSE). This happened after it announced that it had raised ₹ 2,000 crores. Bank of India is an Indian public sector bank with [...]
Shares of this Green Energy stock under the ‘small-cap’ category jumped up to 3 percent on Thursday after the commissioning of a 7.80 Megawatt (MW) Wind-Solar Hybrid Power Project. With a market capitalization of Rs 3,033.27 crores, the stocks of KPI Green Energy Limited (KPIG) started their trading session at Rs 839.95 and currently trade [...]
The share of India's fourth-largest IT service company rose around 2 percent to Rs 443.25 apiece after the company announced the launch of its Cyber Defense Center (CDC) in Dusseldorf, Germany. At 12:50 p.m., On the National stock exchange, Wipro Ltd shares were trading at Rs 437.55 per share, up 0.41 percent from the previous [...]
On Thursday Serentica Renewables said it has tied up with PFC for a Rs 2,600 crore debt funding for its upcoming projects in Karnataka. The business is installing 400 MW of wind and solar capacity in Karnataka, where it has already obtained connectivity to the interstate transmission system (ISTS). "The debt funding...will accelerate our journey [...]
Naresh Goyal, the founder of Jet Airways, was ordered to judicial custody for 14 days by a court in this city on Thursday in connection with a money laundering case involving an alleged fraud of Rs 538 crore at the Canara Bank. The Enforcement Directorate (ED) arrested Goyal on September 1 under the Prevention of [...]
