The retirement fund body EPFO is likely to announce the rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its two-day meeting beginning Monday. EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent [...]
Shares of Phoenix Mills jumped 5.71% on Monday’s early trades to reach an intraday high of ₹ 1355.00 apiece on the National Stock Exchange, after Morgan Stanley initiated coverage on the stock with an overweight rating. Last week, Motilal Oswal Financial Services had also initiated coverage on the stock. At 12:27 PM, the stock was [...]
Hospitality and travel-tech firm OYO estimates its revenue in FY23 to be more than Rs 5,700 crore, up 19 per cent from Rs 4,780 crore it had recorded in FY22, according to its Founder & Group CEO Ritesh Agarwal. At a town hall on Monday, Agarwal told employees of the firm that OYO is aspiring [...]
The Board of Emami Ltd, on Friday, approved the proposal of Buyback of fully paid-up equity shares having a face value of Rs 1 at a price not exceeding Rs 450 per equity share which is a 26 percent premium to the current price levels. The aggregate amount of the buyback is capped at Rs [...]
Telecom minister Ashwini Vaishnaw on Monday said the country's first quantum computing-based telecom network link is now operational in the national capital. While speaking at the first international quantum enclave, Vaishnaw said that the quantum communication link is now operational between Sanchar Bhawan and National Informatics Centre office located in CGO Complex in the national [...]
S&P Global Ratings on Monday kept its forecast for India's economic growth unchanged at 6 per cent in the fiscal year starting April 1, before rising to 6.9 per cent in the following year. In the quarterly economic update for Asia-Pacific, S&P saw inflation rate easing to 5 per cent in 2023-24 fiscal, from 6.8 [...]
TVS Motor Company on Monday said it has introduced seven new products in Ghana, Africa. The company has launched various new models like Apache 180 and Neo NX among others. "We take pride in our diverse and robust product portfolio that encompasses Bebeks, motorcycles, and three-wheelers, catering to the needs of customers seeking daily and [...]
Murugappa Group's engineering firm Tube Investments of India and (TII) Azim Premji's private equity fund Premji Invest announced on Saturday that together they would be acquiring Lotus Surgicals, a maker of wound closure products, for a sum of Rs 348 crore. Tube Investments will invest Rs 233 crore for 67 per cent stake, while Premji [...]
Domestic benchmark indices have lost nearly 0.5% in the past five days and 2.80% in the past month amid the global financial crisis that dampened investor sentiment. The BSE Sensex was trading at 57, 656.71 points, up 0.23% as of 11:35 AM on Monday and the NSE Nifty 50 was at 16986.55 points up 0.24%. [...]
Electric vehicles (EV) financing digital platform RevFin Services is targeting to finance 20 lakh vehicles in the next five years, with an aim to grow three to four times every year, according to its CEO & Founder Sameer Aggarwal. With the Indian electric vehicle industry poised for an accelerated growth, he said the company is [...]
