The government is expecting to get financial bids for IDBI Bank's strategic sale by September, DIPAM Secretary Tuhin Kanta Pandey said. Several global and domestic institutions have expressed interest in buying about 61 per cent of the government and Life Insurance Corporation's (LIC) stake in IDBI Bank and had put in preliminary bids, the last [...]
The shares of NMDC Limited opened at Rs 123.75 and gained as much as 4 percent in the early hours on Wednesday to reach a new 52-week high of Rs 128.75. However, on a longer time frame, the stock is trading at a discount as it has shed approximately 9 percent in a year. Recently, [...]
A popular metric among investors is the PE ratio. It remains one of the most popular valuation metrics as it provides an indication of whether a stock at its current market price is expensive or cheap. A high PE ratio means that a stock is expensive and its price may fall in the future. A [...]
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "bright spot" in the global economy and according to the World Bank, India is in a better position to deal with the global headwinds than many other countries. This is because of India’s strong "macroeconomic fundamentals", Modi said while virtually [...]
The National Company Law Appellate Tribunal on Wednesday declined to grant interim relief to Google seeking a stay on competition watchdog CCI's penalty of Rs 936.44 crore on the tech giant for abusing its dominant position with respect to Play Store policies. The appellate tribunal has directed Google to deposit 10 per cent of the [...]
Commerce and industry minister Piyush Goyal has sought investment from the US in sunrise sectors such as electric vehicles, semiconductors and battery technology, the commerce ministry said on Tuesday. The minister is in the US for a three-day visit till Jan 11. Goyal also held discussions with several CEOs of leading companies, including Michael Miebach [...]
Commerce and Industry Minister Piyush Goyal has said there are "limitless opportunities" for US investors and companies to grow in and with India across sectors and this is the "right time" for them to increase their engagement with the country. “India and US relations have been at an all-time high. In addition to strong bilateral [...]
Theranica, an Israeli digital therapeutics company has announced a strategic license and supply agreement with Dr. Reddy's Laboratories Ltd., for the exclusive marketing and distribution of its FDA-approved Nerivio in India, subject to completion of the regulatory approval process. Nerivio is a wearable migraine treatment that stimulates the body's pain receptors in order to relieve [...]
The crucial India-US Trade Policy Forum meeting here is unlikely to make much progress, given the sharp differences, but would hopefully ignite trade talks between the world's two largest democracies, according to eminent trade experts. Minister of Commerce and Industry Piyush Goyal, who is in the US on an official visit, held a series of [...]
Prime Minister Narendra Modi will virtually inaugurate the 7th edition of 'Invest Madhya Pradesh-Global Investors Summit', a flagship event of the state government, in Indore on Wednesday. The theme of the two-day summit is 'Madhya Pradesh-The Future Ready State', an official said. After the inaugural address by Modi, Guyana President Dr Mohamed Irfaan Ali and [...]
