Benchmark Sensex declined by 365 points and Nifty settled below the 19,300 level in a volatile trade on Friday as financials, IT and oil shares took a hit amid concerns over potential rate hikes and weak trend in global markets. Falling for a second day in a row, the BSE Sensex closed lower by 365.83 [...]
Brazilian aircraft maker Embraer sees a good opportunity to partner with India to develop a strong aerospace industry in both countries by synergising their strengths, company President and CEO Francisco Gomes Neto said on Friday. The challenges in the global supply chain brought by the pandemic also bring about opportunities to develop new partnerships in [...]
JSW Group, which is in talks with MG Motor India to enter the EV space, is also working on a parallel plan to make its own electric vehicles, Chairman Sajjan Jindal said on Friday. Discussions are underway with MG Motor, Jindal said. "We are extremely serious about entering the EV space. MG would be our [...]
Helios Capital Asset Management (India) Private Ltd is making its foray into the mutual fund space with the filing of a scheme information document (SID) with markets regulator Sebi for an overnight fund. The company will launch the new scheme after getting approval from the Securities and Exchange Board of India (Sebi). Going by the [...]
Private sector HDFC Bank has signed a memorandum of understanding with StartupTN to promote innovation and entrepreneurship in Tamil Nadu, the bank said on Thursday. Through the partnership, the bank aims to contribute significantly towards the growth and success of startups present in the state. StartupTN is backed by the Tamil Nadu government and aims [...]
This defence stock moved up by 2.5% in the market after a day, the DAC approved a proposal worth Rs. 7800 crore to increase the efficiency of Indian Armed Forces. Share prices of Solar Industries opened at Rs. Rs. 4,499 levels. It reached its 52- week high of Rs. 4615.5 before the first half on [...]
The NR Group, owner of the world's largest incense stick brand Cycle, on Thursday, said monsoon rains will trigger the growth of the Rs 8,000-crore sector, though there are some concerns about normal rainfall as of now. "The sector’s actual demand is driven in the second and third quarters of the year due to the [...]
Months after a US short seller shook markets with a damning report on the Adani group, the Organised Crime and Corruption Reporting Project (OCCRP) - an organisation funded by likes of George Soros and Rockefeller Brothers Fund - is said to be planning another 'expose' on certain corporate houses in India, sources said. OCCRP, which [...]
Finance Minister Nirmala Sitharaman on Thursday said the government is aiming to make India a global hub for the production, utilisation and export of green hydrogen. Speaking at the launch of HSBC India’s strategic partnerships towards enabling innovation in Green Hydrogen, the minister said the government is focused on driving green growth through a range [...]
Reliance Industries in collaboration with The Oberoi Hotels and Resorts will co-manage three iconic hospitality projects which include Anant Vilas in Mumbai and Stoke Park in the UK, the company said on Thursday. The arrangement between the two companies also includes the management of another planned project in Gujarat. "Reliance Industries...has entered into an understanding [...]
