The CBI has registered a fresh case against Lok Sabha MP Karti Chidambaram to probe an 11-year-old allegation of facilitating visas of 250 Chinese nationals after receiving illegal gratification of Rs 50 lakh in 2011 when his father P Chidambaram was the Union home minister, officials said on Tuesday. After registering the case, the CBI [...]
The shares of Radakishan Damani led DMart has plunged 30.90% in the last six months and 12.67% in the last month. However, we saw that its share price increased by 8% on Monday’s opening deals, after the company reported healthy March quarter profits. The company said that its FMCG business was recovering well. There was [...]
Aditya Auto Products & Engineering on Tuesday said it has signed a 50:50 joint venture agreement with international equipment supplier Edscha to tap the increasing domestic automotive systems market potential. The collaboration with Bengaluru-based Aditya Auto, the first venture for Edscha in India, is aimed at developing, manufacturing and distributing door checks, hinge systems, parking [...]
Wholesale price-based inflation spiked to a record high of 15.08 per cent in April on rising prices across segments from food to commodities. The WPI-based inflation was 14.55 per cent in March and 10.74 per cent in April last year. "The high rate of inflation in April 2022 was primarily due to rise in prices [...]
Having committed over USD 955 million (around Rs 7,353 crore) to acquire 10 companies in the immediate past, Tech Mahindra will be less acquisitive in the new fiscal year and focus on integrating them, a senior company official said. The Mahindra Group company, with revenues of nearly USD 6 billion in FY22, will look at [...]
After a sharp rebound in March, Markets turned volatile in April. The US Fed hiked rates, energy prices surged and supply chain disruptions led to a spike in inflation. These trends have continued in May as well. However, experts expect a sharp economic rebound. Here are two stocks that can give multibagger returns as recommended [...]
Prime Minister Narendra Modi on Tuesday inaugurated the country's first 5G testbed to enable startups and industry players to test and validate their products locally and reduce dependence on foreign facilities. The testbed has been set up at a cost of around Rs 220 crore. Speaking at the silver jubilee celebrations of the Telecom Regulatory [...]
Hero Electric on Tuesday said it has partnered with digital consumer lending platform RevFin to provide loans to EV riders across India. The partnership aims to finance and lease 2.5 lakh vehicles over the next three years, the company said in a statement. With delivery and e-commerce segments growing exponentially, Hero Electric aims to support [...]
Swiss building material major Holcim said its USD 6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free. Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC [...]
The US hopes India will “reconsider” its decision to ban wheat exports, with Washington “encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. India, the world's second-biggest wheat producer, has banned wheat exports in a bid to check high domestic prices amid concerns of wheat output being [...]
