The country's largest private sector lender HDFC Bank on Wednesday said it is planning to raise up to Rs 50,000 crore in the next one year by issuing bonds on a private placement basis. The decision was taken at the bank's board meeting. "The bank proposes to raise funds by issuing perpetual debt instruments (part [...]
India is likely to see around 48,000 additional electric vehicle chargers at an investment of around Rs 14,000 crore over the next 3-4 years amid an expected healthy electric vehicle (EV) penetration in the country, a report said on Wednesday. As the EV penetration is expected to increase in the two and three-wheeler as well [...]
Realty major DLF's Chairman Rajiv Singh has become the richest real estate entrepreneur with a wealth of Rs 61,220 crore, followed by Macrotech Developers' M P Lodha and family who slipped to the second position with a wealth of Rs 52,970 crore, according to a report. Hurun and GROHE India on Wednesday released its fifth [...]
Shares of Ruchi Soya Industries took a severe beating on the bourses on Wednesday as it plummeted nearly 19 per cent in early deals and was slowly recovering the lost ground as trading progressed during the day. The fall came a day after the company announced the allotment of shares under the Rs 4,300 crore-Follow [...]
Petrol and diesel prices on Wednesday were hiked again by 80 paise a litre each, taking the total increase in rates in the last 16 days to Rs 10 per litre or over 10 per cent. Petrol in Delhi will now cost Rs 105.41 per litre, as against Rs 104.61 previously, while diesel rates have [...]
Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Baba Ramdev-led Patanjali group's Ruchi Soya, sources said. The meeting of the parliamentary standing committee on finance, chaired by former minister of state for finance Jayant Sinha, lasted [...]
Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with immediate effect. In a gazette notification no 2274/10 issued late Tuesday night, the president said he has withdrawn the emergency rule ordinance which gave security forces sweeping powers to curb any disturbance in the country. [...]
Anand (Gujarat) Dairy major Amul feels prices will remain "firm" going forward due to increased pressure from energy, logistics and packaging costs, a top official said on Tuesday. "Prices will be firm, I can't say by how much. They can't go down from here, can only go up," Amul MD RS Sodhi told PTI when [...]
Amid a sharp rise in prices of edible oils, industry body SEA on Tuesday requested its members to refrain from increasing the maximum retail price (MRP) to avoid inconvenience and provide relief to consumers. Solvent Extractors Association of India (SEA) President Atul Chaturvedi said in a letter to its members that the country is grappling [...]
The Competition Commission has slapped penalties totalling around Rs 1.16 crore on 24 entities, including individuals, for indulging in bid rigging and cartelisation in tenders floated by the Indian Railways. As many as 11 entities and 14 individuals of these entities were found to have violated competition norms. Out of these 25, the regulator did [...]
