The demand for passenger vehicles (PVs) will witness moderate growth over the next few quarters with complete unlocking of the economy and revival of demand, particularly in the rural areas, according to Acuite Ratings & Research. However, it said the volumes may remain partly constrained due to the continuing supply challenges in semiconductors and also [...]
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each, taking the total increase in rates in the last two weeks to Rs 9.20 per litre. Petrol in Delhi will now cost Rs 104.61 per litre as against Rs 103.81 previously, while diesel rates have gone up from Rs 95.07 per litre to Rs 95.87, [...]
Pakistan Stock Exchange's (PSX) benchmark KSE-100 index shed 1,250.07 points on Monday, a day after the President, in a controversial move, dissolved the National Assembly, leading to political uncertainty in the country. The Pakistani rupee also lost value against the US dollar following President Arif Alvi's decision to dissolve the lower house of Parliament on [...]
Competition Commission on Monday ordered a detailed probe against food delivery platforms, Zomato and Swiggy, for alleged unfair business practices with respect to their dealings with restaurant partners. The order has come on a complaint filed by the National Restaurant Association of India (NRAI). The watchdog's probe arm -- Director General (DG) -- will investigate [...]
The initial public offering (IPO) of Hariom Pipe Industries was subscribed 3.44 times on the fourth day of the bidding on Monday. The public issue received bids for 2.92 crore shares as against the 85 lakh on offer, translating into a subscription of 3.44 times, according to the data available on NSE website. Retail portion [...]
HDFC Bank's planned merger with its parent HDFC will make the bank twice the size of ICICI Bank, while bolstering market share and diversifying revenues, S&P Global Ratings said on Monday. In the biggest merger in the corporate history, India's largest housing finance company HDFC will merge with the country's largest private lender HDFC Bank [...]
The NCB and CBIC have unearthed Rs 2.2 crore payment through cryptocurrency in 11 drug trafficking cases, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State for Finance Pankaj Choudhary said the government is taking steps like conducting training for the field officers on cyber and forensic technologies [...]
Investors turned wealthier by more than Rs 3 lakh crore in the first hour of trading on Monday as equities rallied on the proposed merger of HDFC Ltd with HDFC Bank. Reflecting bullish investor sentiments, the 30-share key index Sensex skyrocketed 1,472.33 points or a whopping 2.46 per cent to 60,736.08 points at around 10.30 [...]
With the end of the last financial year FY2021-22 and the beginning of the new financial year, the company results for the Q4 quarter of FY21-22 for BSE/NSE listed companies will be out soon. In the first week of April'22 between 3rd-9th April, 2022, the results for Sterling and Wilson Renewable Energy Ltd, Deccan Bearings [...]
State-owned Oil and Natural Gas Corporation (ONGC) is likely to see a USD 3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas it produces, while Reliance Industries may get USD 1.5 billion (Rs 11,500 crore) more in revenue, a report has said. [...]
