Berlin, May 2 (PTI) Prime Minister Narendra Modi and German Federal Chancellor Olaf Scholz on Monday discussed with top executives from Indian and German companies ways to further boost the economic and commercial partnership between the two nations.Modi arrived in Berlin in the morning on the first leg of his three-nation Europe trip that will [...]
New Delhi, May 2 (PTI) Automaker Volkswagen India on Monday said it has increased prices of Taigun and Tiguan by up to 4 per cent with immediate effect in order to partially offset the impact of high input costs. Owing to the rising input costs, effective May 2, the brand announces a price revision of [...]
New Delhi, May 2 (PTI) Internet firm Info Edge, which owns several online platforms like Naukri and Jeevansathi, is planning to co-invest with global investment firm Temasek in three schemes that will have a total corpus of USD 325 million (about Rs 2,800 crore) for funding start-ups, a top official of the company said on [...]
Mumbai, May 2 (PTI) Tax devolution by the central government is likely to exceed the budget estimate by at least Rs 1.1 lakh crore in FY23, leading to compression in the gross borrowing by states to Rs 8.4 lakh crore, a report said on Monday. However, the borrowing cost for the states has went up [...]
Berlin, May 2 (PTI) Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use [...]
New Delhi, May 2 (PTI) The anchor investor portion of LIC's initial public offering has been subscribed fully, garnering around Rs 5,620 crore, according to an official. The issue opened for anchor investor subscription on Monday and saw 'excellent' response, the official said, adding that the list will be uploaded to exchanges tonight. "Anchor book [...]
New Delhi, May 2 (PTI) Ishares Core Total International Stock Mauritius Company on Monday offloaded 13.33 lakh shares of farm machinery major Escorts Ltd for nearly Rs 211 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), Ishares Core Total sold a total of 13,33,741 shares, [...]
Mumbai, May 2 (PTI) Open, a fintech startup, on Monday said it has raised USD 50 million (about Rs 382 crore) in a round of funding led by the brokerage IIFL. The round also saw participation from existing investors like Temasek, Tiger Global and 3one4 Capital. The Bengaluru-headquartered company also announced that with this fund [...]
New Delhi, May 2 (PTI) The government on Monday said it is promoting the use of 'Kisan drones' and conditions are favourable to take such technology to the farmers. Addressing a conference, Agriculture Minister Narendra Singh Tomar said modernisation of the agricultural sector is on the agenda of the government. Kisan drones are being promoted [...]
Berlin, May 2 (PTI) India and Germany on Monday committed to reforming the WTO with a view to strengthen its principles and functions as well as preserve the autonomy of the two-tier appellate body of the global trade organisation. Both sides also expressed their strong support for the upcoming negotiations between the European Union and [...]
New Delhi, May 2 (PTI) Union Home Minister Amit Shah on Monday chaired a meeting of the top brass of coal, power and railway ministries amid electricity outages in various parts of the country due to shortage of coal at thermal plants, according to sources. The meeting was attended by Coal Minister Pralhad Joshi, Power [...]
New Delhi, May 2 (PTI) Leading air conditioner maker Voltas Ltd on Monday announced that it has entered into a partnership to set up a joint venture with Highly International (Hong Kong) Ltd to manufacture compressors in India. The Tata group firm has executed the joint venture agreement on April 30, 2022 with Highly International [...]
Berlin, May 2 (PTI) Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use [...]
Berlin, May 2 (PTI) Prime Minister Narendra Modi said on Monday that the partnership between India and Germany could serve as an example of success in a complex world as the two sides inked several agreements focused on sustainable development under which India would receive USD 10.5 billion assistance by 2030 to boost the use [...]
New Delhi, May 2 (PTI) The Centre on Monday stressed that availability of fertilisers during the current Kharif (summer-sown) season is more than the estimated demand, adding that its subsidy for this fiscal might increase to around Rs 2.5 lakh crore to ensure that farmers get crop nutrients at highly subsidised rates. The Centre further [...]
New Delhi, May 2 (PTI) Capital markets regulator Sebi has imposed a penalty of Rs 25 lakh on Motilal Oswal Financial Services Ltd for misutilisation of clients' funds and incorrect reporting of the margin. In addition, it has been charged for funding clients beyond the stipulated time period, failure to keep appropriate evidences of client [...]
New Delhi, May 2 (PTI) India and Germany on Monday agreed to cooperate on agro-ecology and sustainable management of natural resources in the agriculture sector, with the latter intending to provide concessional loans of up to 300 million euros by 2025 for such initiatives. Agriculture Minister Narendra Singh Tomar and Germany's Minister of Economic Cooperation [...]
New Delhi, May 2 (PTI) Edelweiss Housing Finance Ltd (EHFL) has raised around Rs 276 crore through a public issue of bonds that closed on Monday, a release said. The public issue of secured redeemable non-convertible debentures (NCDs) has been successfully completed and the company has allotted 27,59,057 NCDs of the face value of Rs [...]
New Delhi, May 2 (PTI) Capital markets regulator Sebi has imposed a penalty amounting Rs 25 lakh on nine entities for indulging in fraudulent trade practices in the scrip of Ruchi Soya Industries Limited nearly 10 years ago. In its order on April 29, the securities and Exchange Board of India (Sebi) imposed a total [...]
Mahindra & Mahindra Financial Services (Mahindra Finance) on Monday reported an over two-fold increase in consolidated net profit at Rs 629 crore for the quarter ended March 2022 as a drop in bad loans helped in credit cost reversal. The company's net profit stood at Rs 219 crore in the same quarter a year ago. [...]
