Solar cells import rose to USD 3,447 million (around Rs 26,000 crore) during April-January 2021-22 as compared to USD 572 million in the previous financial year, Parliament was informed on Thursday. The imports were worth USD 1,684 million in 2019-20 and USD 2,160 million in 2018-19, New & Renewable Energy Minister R K Singh said [...]
Edtech startup Vedantu on Thursday said it is on track to be "IPO-ready" in 18-24 months, and is upbeat about the India market prospects that offer ample headroom for growth. With COVID-19 cases receding and offline learning modes opening up, the blazing pace of growth in online learning has sobered a bit, but the market [...]
Nearly 97 lakh bids were withdrawn in Ruchi Soya Industries' Rs 4,300 crore follow on public offer after markets watchdog Sebi had directed the company to give investors the option to withdraw their bids, according to sources. However, the Follow on Public Offer (FPO) is complete. In a rare move, Sebi, on March 28, had [...]
The government on Thursday more than doubled the price of natural gas that is used to produce electricity, make fertilisers, turned into CNG and piped to household kitchens for cooking, on the back of a spike in global energy prices. The price of gas produced from old regulated fields, such as the nation's largest gas [...]
Benchmark BSE Sensex soared by 9,059.36 points or 18.29 per cent to close FY2021-22 at 58,568.51. Following are the milestones achieved by Sensex in 2021-22 fiscal: *October 19: Sensex goes past 62,000-mark in intra-day trade; touches all-time high of 62,245.43 *October 14: Goes past 61,000-mark for the first time ever both in intra-day and at [...]
The government on Thursday extended stock limits on edible oils and oilseeds till December this year in order to check the soaring prices of the commodities due to the current global geopolitical situation. The order in this regard will come into effect from April 1, an official statement said. In October 2021, the Ministry of [...]
Investors' wealth jumped over Rs 59.75 lakh crore in 2021-22 fiscal, helped by a largely buoyant trend in domestic stocks with benchmark index Sensex surging over 18 per cent during the period. Braving many headwinds in the latter part of the current fiscal, Sensex closed the 2021-22 financial year with a gain of 9,059.36 points [...]
Exide Industries on Thursday announced an investment of Rs 6,000 crore in Karnataka. This is for setting up one of the largest giga factories for advanced cell chemistry technology. "Exide Industries MD & CEO, Subir Chakraborty, met with Chief Minister (Basavaraj Bommai) this morning for Rs 6,000 crore investment in a Lithium-Ion cell manufacturing giga [...]
The government's 1.5 per cent stake sale in ONGC got fully subscribed, ensuring Rs 3,000 crore to the exchequer that is to be accounted for in the next fiscal. The government is selling up to 1.5 per cent of its stake in the country's top oil and gas producer ONGC at a floor price of [...]
The ongoing war in Ukraine, which is the world's largest sunflower grower, is likely to result in at least 25 per cent or 4-6 lakh tonnes shortage of crude sunflower oil supplies in India next fiscal, according to a report. Around 70 per cent of crude sunflower oil comes to India from Ukraine and about [...]
