The biography of billionaire industrialist Gautam Adani, Adani Group chairman and founder, will hit the stands in October, announced Penguin Random House (PRHI) on Monday. Written by journalist-author RN Bhaskar, "Gautam Adani: The Man Who Changed India", claims to bring to light, for the first time, the unknown aspects of one of the richest men [...]
The airlines' losses globally are expected to be down from USD 52 billion in 2021 to USD 9.7 billion this year and industry-wide profit should be on the horizon in 2023, Director General of IATA Willie Walsh said here on Monday. International Air Transport Association (IATA) represents some 290 airlines comprising 83 per cent of [...]
Vodafone Idea's Board is scheduled to meet on June 22, to consider and approve a proposal for raising funds to the tune of Rs 500 crore. The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the [...]
Metals and mining major Vedanta was down almost 12% in the early hours of the trading session on Monday. It was trading at its new 52-week low of ₹ 232 per share as of 11:45 IST. The stock is down more than 34% year to date against an almost 20% decline in the benchmark NIFTY [...]
Tata Group-owned Air India is considering buying more than 200 new planes with 70 per cent of them being narrow-bodied aircraft, aviation industry sources said on Sunday. While Air India has zeroed in on Airbus’s A350 wide-bodied aircraft for the procurement, the talks with Airbus and Boeing for narrow-bodied aircraft is still on, they said. [...]
The BSE Sensex and the NSE Nifty started the week with a bloodbath as they suffered steep losses on Monday. Weakness was observed across sectors as the markets mirrored a global sell-off amid worries regarding the inflation in the US and the US Fed’s policy. A lockdown was reimposed in Shanghai due to a surge [...]
New Delhi, Jun 19 (PTI) The Finance Ministry has asked government employees to opt for 'cheapest fare available' on their entitled travel class and book air tickets at least three weeks prior to their date of travel for tours and LTC, as it looks to cut down on unnecessary expenditure. The Ministry further said that [...]
Nazara Technologies, a Rakesh Jhunjhunwala portfolio stock, has fixed 27th June 2022 as the record date for the proposed issue of bonus shares. Earlier, on 13th May, its board of directors had considered and approved the recommendation for a bonus issue of one equity share for every one share held. “It is hereby informed that [...]
Selling diesel at Rs 20-25 a litre below cost and petrol at Rs 14-18 per litre below cost, as a result of a price freeze despite soaring crude rates is unsustainable, an industry body representing private fuel retailers like Jio-bp and Nayara Energy has told the Oil Ministry and has sought its intervention to create [...]
The equity markets focus is expected to shift to global trends in the absence of any major domestic event scheduled this week, while investors are likely to continue to keep a tab on foreign fund movement and crude oil prices, analysts said. Progress of monsoon would also be monitored, they added. "Relentless selling by FIIs [...]
