Private equity investment in real estate remained stable in the last fiscal at USD 4.2 billion, of which 22 per cent contribution came from domestic investors, according to Anarock. Delhi-NCR market received 32 per cent of the total investment, while office assets garnered 40 per cent of inflows. Foreign investors' contribution stood at more than [...]
Many of India’s proposals have been well supported by the G20 bloc and there has been an active engagement, Union Finance Minister Nirmala Sitharaman said after a series of meetings with her counterparts from the influential grouping here. India assumed the year-long presidency of the G20 in December last year and aims to host a [...]
Investment in the Indian capital markets through participatory notes dropped to Rs 88,398 crore month-on-month in February amid higher valuation of domestic markets. This was the third consecutive monthly decline in the investment level. Before this, investment through the route had been on an increasing trend since July 2022 because of a slump in the [...]
The government is planning to introduce bills to amend the companies and insolvency laws during the monsoon session of Parliament, a senior official said on Thursday. The session is likely to commence in late July or August. The corporate affairs ministry is implementing the Companies Act and the Insolvency and Bankruptcy Code (IBC). According to [...]
The construction of national highways in 2022-23 was 10,993 kilometres, falling 13.70 per cent short of the government's target of 12,500 km, according to the Ministry of Road Transport and Highways (MoRTH) latest data. The ministry awarded highways of 12,375 km length in the last financial year. While the pace of the construction of national [...]
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The Securities Appellate Tribunal (SAT) has slashed the penalty imposed on the former MD of Maars Software International to Rs 10 lakh from Rs 1 crore in a case related to manipulation in the issuance of global depository receipts. Maars Software International Ltd (MSIL) came out with a global depository receipts (GDRs) issue on August [...]
Infosys on Thursday posted a 7.8 per cent year-on-year rise in consolidated net profit at Rs 6,128 crore in March quarter of FY23, and gave 4-7 per cent revenue growth forecast for FY24 amid macro economic uncertainities. The net profit (after minority interest) stood at Rs 5,686 crore in the fourth quarter of FY22. Seen [...]
The committee of directors of mining giant Vedanta Ltd has approved a proposal to raise up to Rs 2,100 crore by issuing non-convertible debentures (NCDs). The proposal was approved on Thursday during a meeting of its Committee of Directors, Vedanta Ltd said in a regulatory filing. "Committee of Directors... on April 13, 2023, considered and [...]
State-owned power giant NTPC's arm NTPC Green Energy Ltd (NGEL) is planning to raise funds through an initial public offering this fiscal, according to a source. NGEL is a fully-owned subsidiary of NTPC. Earlier, it had planned to sell 20 per cent of the NTPC's stake in NGEL to a strategic investor for Rs 3,000 [...]
The country's exports rose by about 6 per cent to a "record" USD 447 billion during 2022-23 on account of healthy growth in the outbound shipments of sectors such as petroleum, pharma and chemicals and marine, Commerce and Industry Minister Piyush Goyal said on Thursday. The country's imports also grew by 16.5 per cent to [...]
India is not seeking permanent immigration visas from any country under a free trade agreement (FTA) and is only looking to engage with trading partners on mobility like temporary visas for students, Commerce and Industry Minister Piyush Goyal said on Thursday. He said that some people mix up mobility and immigration but they are two [...]
Benchmark equity indices Sensex and Nifty ticked higher for the ninth straight session on Thursday, buoyed by fag-end buying in banking, financial and realty stocks amid encouraging domestic retail inflation data. Weak trends in IT counters and fall in the overnight US equity markets triggered by fresh concerns over recession, however, put a check on [...]
The Central government will focus on strengthening the Vizag Steel Plant (VSP) for the moment rather than privatising it, Union Minister of State for Steel, Faggan Singh Kulaste said here on Thursday. He made this announcement on the sidelines of handing over appointment letters under Rozgar Mela. "As on date, we don’t have any plan [...]
Coal India Ltd, the world's largest coal miner, on Thursday reported a 17.2 per cent rise in production of coking coal, helping cut on imports of the fuel that is an essential input for production of iron and steel. In a statement, Coal India said coking coal production has risen to 54.6 million tonnes in [...]
Shares of AU Small Finance Bank soared 18.92% higher on Thursday to reach an intraday high of ₹ 689.90 apiece on the National Stock Exchange (NSE) after the Reserve Bank of India (RBI) greenlit the reappointment of the banking company’s existing MD and CEO for another three years. AU Small Finance Bank informed that the [...]
Anand Rathi Wealth Limited stock zoomed more than 2 percent today and currently trades at Rs 848. It hit the 52-week high mark at a price of Rs 884.55 showcasing an upside of around 6.5 percent from the previous closing levels of Rs 830.25. In the last six months, the stock has provided returns of [...]
TATA group's Indian Hotels Company Limited (IHCL), which owns the luxury hotel brand 'Taj', will operate Cochin International Airport Limited's (CIAL) five-star hotel at the airport premises with an estimated investment of Rs 100 crore, a release said here on Thursday. CIAL constructed the hotel, which is ideally located near the airport entrance, as part [...]
Air India will start TaxiBot operations for its A320 aircraft fleet at Delhi and Bengaluru airports, a move that has the potential to save up to 15,000 tonnes of jet fuel over three years. The airline has entered into an agreement with KSU Aviation to launch the TaxiBot operations, according to a statement on Thursday. [...]
Tata Consultancy Services (TCS) stock started its trading session at Rs 3,210 thereby staying in the red today with a downfall of about 2 percent and currently trading at a price of Rs 3,190. Tata Consultancy Services, based in Mumbai, is a global leader in IT services providing consultancy & business solutions supported by a [...]
