Passenger vehicle wholesales in India rose by 19 per cent year-on-year in June on the back of improvement in semiconductor supplies, according to industry body SIAM. As per the latest data released by the Society of Indian Automobile Manufacturers (SIAM), passenger vehicle (PV) dispatches to dealers stood at 2,75,788 units last month against 2,31,633 units [...]
India exported textiles and handicrafts worth more than USD 44 billion -- an all-time high -- last financial year, Textiles Secretary U P Singh said on Tuesday. He was speaking at an industry event in Greater Noida which was inaugurated by Union Minister of State for Textiles and Railways Darshana Vikram Jardosh. Jardosh, while inaugurating [...]
We are eleven days into the second quarter of FY23 and companies have started releasing their results. They are obliged to release the name of shareholders holding a 1% or more stake in the company on a quarterly basis. The markets were in the red for a while and the Big Bull, Rakesh Jhunjhunwala has [...]
The shares of Himadri Speciality Chemicals Limited delivered mind-boggling returns in the last five days as the shares surged by 44.91% in the past week. The promoters of the company have reported to the stock exchange that they have entered into a Family Settlement Agreement under which the BLC Family and they are going to [...]
Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction, according to a list issued by the Department of Telecom on Tuesday. The spectrum auction, scheduled to start on July 26, may see aggressive bids for some frequency bands, with the entry of [...]
Tata Motors is planning to publicly list its subsidiary Tata Technologies and has appointed bankers for the initial public offering (IPO), as per reports. This is the first public float from the Tata Group since 2004, after the ₹ 5500 crore IPO of Tata Consultancy Services, India’s largest software services exporter. Further, it will be [...]
SpiceJet chairman Ajay Singh was booked here for allegedly duping a businessman on the pretext of allotting him company shares, police said on Monday. Complainant Amit Arora claimed Singh has defrauded others also in a similar manner. According to the complaint, the SpiceJet chairman and managing director delivered a fake depository instruction slip (DIS) of [...]
The Reserve Bank on Monday asked banks to put in place additional arrangements for export and import transactions in Indian rupees in view of increasing interest of the global trading community in the domestic currency. Before putting in place this mechanism, banks will require prior approval from the Foreign Exchange Department of the Reserve Bank [...]
A participatory rally after the second wave of Covid-19 had helped the Indian stock markets to scale new heights. Once that was out of the way, the Russia-Ukraine War, rising inflation, and interest rate hikes weighed down the markets. A good number of stocks have entered the multibagger category since the onset of the pandemic [...]
Gotabaya Rajapaksa's political destiny has turned a full circle from being a popular Sri Lankan president to a symbol of hatred within a short span of just 30 months. The man elected with a 60 per cent popular majority from among the Sinhala Buddhist majority is in hiding. Having fled the Presidential Palace on the [...]
