The government of Tripura and NTPC Renewable Energy Limited (NTPC REL) have signed an agreement for development of renewable energy projects in the northeastern state. The Memorandum of Understanding (MoU) was signed between Tripura Chief Minister Manik Saha and senior officials of NTPC Ltd in the national capital on Monday, an official statement said. "NTPC [...]
Driven by a 20 per cent rise in the number of originators to 120, securitisation volume jumped 42 per cent to over Rs 1.15 lakh crore in the first three quarters of the current fiscal, a report said on Monday. Led by small finance banks, securitisation activity became broad-based and the number of originators rose [...]
A special CBI court here on Monday rejected a plea seeking to call Reliance Industries Chairman Mukesh Ambani as a witness in a 1989 case related to an alleged attempt to murder businessman Nusli Wadia. Ivan Sequeira, one of the accused in the more than 33-year-old case, had moved the special Central Bureau of Investigation [...]
Cement manufacturing companies are expected to do well for the next few years due to better demand prospects led by infrastructure and housing sectors, heightened industry consolidation, and regulatory changes in the allotment of limestone blocks. Motilal Oswal in a report said that the average price of a 50kg cement bag has gone up 3% [...]
A global recession is likely in 2023, but pressures on food, energy and inflation may be peaking, the World Economic Forum said on Monday in its Chief Economists Outlook survey. At the same time, some economies in the South Asia region, including Bangladesh and India, may benefit from global trends such as a diversification of manufacturing [...]
Benchmark equity index Sensex and Nifty gave up early gains and ended lower on Monday as investor sentiment was hit due to unabated foreign fund outflows and losses in index heavyweights Reliance Industries and HDFC Bank. The 30-share BSE Sensex declined 168.21 points or 0.28 per cent to settle at 60,092.97 as 15 of its [...]
The government has exempted customs duty on imports of Covid-19 vaccines till March 31, 2023 in a bid to ensure domestic availability amid fears of a surge in coronavirus infections. In a notification, the Central Board of Indirect Taxes and Customs (CBIC) said Covid vaccines, when imported into India by central government or state governments, [...]
The Indian Stock Market started its week with a gap up openings, with Nifty opening at the levels of 18,033 and Sensex at the levels of 60,307. They currently trading at the levels of 17,930.30 and 60,202.10. With the Companies coming out with the Q3FY23 results, analysts have recommended these 7 stocks with an upside [...]
Reliance Industries Ltd and its partner bp plc on Monday suspended a planned auction for the sale of natural gas from their eastern offshore KG-D6 block after the government altered marketing rules to cap margins. In a notice, Reliance and its partner BP Exploration (Alpha) Ltd (BPEAL) said the auction has been suspended indefinitely. E-bidding [...]
Miners' body FIMI has made a plea to the government to increase the basic customs duty on import of primary zinc products to 7.5 per cent stating that the country's zinc consumption is well within the domestic production limit. The current basic customs duty on import of primary zinc products is five per cent. In [...]
