Former Prime Minister H D Deve Gowda has written to Prime Minister Narendra Modi requesting him to instruct the Ministry of Steel and the Steel Authority of India Limited (SAIL) authorities to drop the proposal for closure of Visvesvaraya Iron and Steel Limited (VISL) at Bhadravati. The JD(S) supremo also has urged the Prime Minister [...]
Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices will be reduced no sooner state-owned oil companies recoup past losses. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the past 15 months not revised petrol and diesel prices in line with the cost. The [...]
Hindustan Petroleum Corporation Ltd (HPCL) will complete expansion of its Vizag oil refinery in Andhra Pradesh to 15 million tonne per annum by June, its Chairman Pushp Joshi said on Sunday. HPCL is expanding the 8.33 million tonne per annum (MTPA) refinery and building a new one at Barmer in Rajasthan to bridge the gap [...]
The Congress alleged on Sunday that debt, unemployment and inequality have risen in the country under the Narendra Modi government and the debt on every Indian has increased by 2.53 times in the last nine years. Congress spokesperson Gourav Vallabh said the astronomical increase in the government's debt due to "Modinomics" has crushed the common [...]
The acquisition of IDFC Asset Management Company by the Bandhan Financial Holdings-led consortium is likely to be concluded this month with the payment of Rs 4,500 crore, an official said on Sunday. Re-branding of the company and mutual fund as Bandhan Asset Management Company Ltd and Bandhan Mutual Fund is also expected within January, he [...]
Pakistan spent USD 1.2 billion (Rs 259 billion) on the import of transportation items, including luxury cars, high-end electric vehicles, and their parts, during the last six months amidst sinking reserves and fear of default, according to a media report. The country is in the middle of a financial crunch with the foreign exchange reserves [...]
Equity benchmark BSE Sensex rose by 412 points to trade above the 61,000 level while NSE Nifty advanced 118 points in morning trade on Monday on the back of gains in IT, banking and FMCG shares after positive quarterly earnings. The 30-share BSE barometer spurted by 412.73 points or 0.68 per cent to 61,034.50 as 25 of [...]
Benchmark indices ended in the red on Friday amid global recession worries stoked by weak US consumer data dampened investor sentiments. The BSE Sensex index ended 237 points or 0.39% lower at 60,662, while Nifty50 fell 80 points or 0.44% to settle at 18,027. While the markets are turbulent, here are four fundamentally strong stocks [...]
When deciding whether to invest or not in a company, many investors look for businesses that will last a long time and not those businesses that are doing well currently. They intend to remain invested in stocks for more than ten years and let their money compound. Fundamentally strong companies help investors to make fortunes, [...]
Ceramic materials and 3D printer-maker Lithoz GmbH has signed a sales partnership agreement with Murugappa Group company Wendt (India) Ltd for strengthening its operations in the country, the company said on Saturday. The agreement would enable the two companies further expand and develop their businesses. "With Lithoz's bases in Austria, the USA and China, this [...]
