The shares of the third largest two-wheeler manufacturing company in India, TVS Motor Company Limited declined marginally on Friday’s trading session and were trading at Rs 1,020 levels. In the past year, the stock has rallied and gained approximately 58 percent in the period. TVS Motor Company is a reputed automobile company engaged in the [...]
Pakistan central bank's foreign exchange reserves plummeted to an eight-year low of over USD 5.5 billion amidst fear of default, according to a media report on Friday. The forex reserves have dwindled despite efforts by the government to shore up its economy. According to a report by the Dawn newspaper, the State Bank of Pakistan's [...]
Realty firm Macrotech Developers Ltd on Friday reported a 16 per cent growth in its sales bookings at Rs 3,035 crore in the third quarter of this fiscal on better housing demand. Macrotech Developers, which sells properties under the 'Lodha' brand, is one of the leading real estate developers of the country. In a regulatory [...]
Capital markets regulator Sebi on Thursday extended the timeline till January-end for entering the details of existing outstanding non-convertible securities in the security and covenant monitoring system hosted by depositories. Earlier, this was to be complied by October 31, 2022. This is the second time Securities and Exchange Board of India (Sebi) has extended the [...]
The Varde Partners-Arena consortium has emerged as the highest bidder after it submitted a revised bid on Thursday with an additional cash component of Rs 3,600 crore for the two Srei group of companies under the insolvency and bankruptcy process, sources said. It has offered a marginally higher cash component in its earlier bid, which [...]
IDBI Bank on Thursday said the Sebi has permitted the Union government to classify its stake in the bank as "public" after its stake sale on condition that its voting rights do not exceed 15 per cent of the total voting rights. The intention of the Government of India to get its shareholding re-classified as [...]
The National Statistical Office will release the first advance estimates of economic growth for 2022-23 on Friday evening, three weeks ahead of presentation of General Budget in Lok Sabha on February 1. The first advance estimates of national income for 2022-23 is significant because the data is used for preparing the Budget of the central [...]
Karnataka Chief Minister Basavaraj Bommai on Thursday appealed to Union Minister for Road Transport and Highways Nitin Gadkari to clear projects worth Rs 1 lakh crore in the state. He also requested him to undertake projects related to ring roads in Raichur, Gadag, Koppal and Shivamogga as well. "We mainly discussed the works of the [...]
Mukesh Ambani, spent quite some time last year, establishing his children at his business empire’s businesses. Akash Ambani, his elder son was named the chairman of Reliance Jio, while his twin sister Isha Ambani will oversee Reliance’s retail business. The tycoon’s younger son, Anant Ambani will be looking after the energy unit. After handing over [...]
The Indian FMCG sector witnessed improvement in margins and slow growth in the December 2022 quarter but the rural markets continued to drag as retail inflation stayed at elevated levels, according to industry players. Godrej Consumer Products Ltd (GCPL) and Marico reported that although there is softness in demand, there has been an improvement partly [...]
