Satellite communication service provider OneWeb is able to match mobile services rates of western countries but its prices can't be at par with the "extremely low" tariff in India, company's executive chairman Sunil Bharti Mittal said on Sunday. With the launch of 36 Low Earth Orbit (LEO) satellites by NewSpace India Limited early in the [...]
Preparations are in full swing in West Bengal's Darjeeling district for the 2nd Tourism Working Group Meeting of G20, which will begin on April 1, officials said on Sunday. At the first meeting held in Gujarat's Kachchh in February, five priorities were identified for the sector -- green tourism, digitalisation, skills, tourism MSMEs and destination [...]
Bharti Enterprise-backed OneWeb on Sunday completed its constellation of 618 low earth orbit satellites that would allow it to offer broadband internet services from space in every corner of the world. Indian Space Research Organisation's Launch Vehicle Mark-3 (LVM3) placed 36 OneWeb satellites in a low earth orbit following a successful launch from the Satish [...]
Crompton Greaves Consumer Electricals Ltd (CGCEL) and Butterfly Gandhimathi Appliances have announced a merger to accelerate and smoothen the realisation of synergies of the combined business. This will also simplify corporate and governance structure and convergence of public shareholders of Butterfly at the parent level and align interests for shareholders of both companies, said a [...]
Digital financial services firm One97 Communications, which operates the Paytm brand, has 15 days more to apply for the online payment aggregator licence for its subsidiary PPSL, a regulatory filing said on Sunday. The Reserve Bank of India in November rejected its application for a payment aggregator (PA) licence for Paytm Payments Services Limited (PPSL) [...]
Equity benchmark indices climbed in early trade on Monday, mainly on account of buying in index majors Reliance Industries and HDFC Bank as well as positive sentiments in the US market. The 30-share BSE Sensex climbed 137.55 points to 57,664.65 points in early trade. The broader NSE Nifty advanced 46.05 points to 16,991.10 points. Among [...]
The plan of debt-ridden Reliance Capital's lenders to conduct a second round of auction has hit a roadblock, as bidders are apparently not inclined to another round under the insolvency resolution process, according to sources. Meanwhile, the Supreme Court (SC) has listed the matter regarding the second auction for hearing in August. The apex court [...]
“Markets inched further lower and lost over half a percent, in absence of any favorable cues. The first half was dull however pressure in the index majors changed the tone and pushed the Nifty index below the 17,000 mark. The fall was widespread wherein metal, realty and energy majors felt the maximum heat. Meanwhile, the [...]
About three years ago, domestic benchmark indices had plunged 10% after the government's decision to impose a country-wide lockdown to curb the spread of the Covid-19 pandemic and this move battered investor sentiment. However, three years later, plenty of stocks have managed to deliver multibagger returns after the great fall. Here are a few midcap [...]
What do we mean by ‘Dividend’? Dividend refers to a reward, cash or otherwise, that a company gives to its shareholders. Dividends can be issued in various forms, such as cash payment, stocks or any other form. A company's dividend is decided by its board of directors and it requires the shareholders' approval. Generally, it [...]
Domestic benchmark indices declined on Monday triggered by weak global cues on the looming worries of contagion risks in the global banking system despite Credit Suisse’s acquisition by the UBS group. The Sensex opened marginally lower at 57,773.56 points and the Nifty at 17066.60 points. The indices ended lower on Friday, for the second session [...]
Five senior executives of Nykaa, including SuperStore CEO, chief business officer and chief commercial officer, have resigned from the company, according to two people aware of the development. Those who have resigned include Nykaa SuperStore CEO Vikas Gupta, Nykaa Fashion chief business officer Gopal Asthana, chief commercial operations officer Manoj Gandhi, business head Shuchi Pandya [...]
Global tech company KPIT Technologies Ltd hit its 52-week high figure today at Rs 913.90. Keeping a purview of six months, the stock has been able to deliver decent returns of around 37 percent to its holders. Since the inception of its listing on the exchange, the stock has proven to deliver returns of more [...]
Akasa Air plans to hire nearly 1,000 people and take the total staff strength to more than 3,000 by the end of March 2024 as the airline continues to expand its fleet as well as routes, according to its chief Vinay Dube. The airline, which took to the skies a little over seven months ago, [...]
Reserve Bank of India's central board on Friday reviewed the global and domestic economic situation as well as the associated challenges. The 601st meeting of the Central Board of Directors of Reserve Bank of India (RBI) was held at Hyderabad under the chairmanship of Governor Shaktikanta Das. "The board in its meeting reviewed the global [...]
India's forex kitty rose by USD 12.798 billion to USD 572.801 billion in the week ended March 17, the Reserve Bank said on Friday. In the previous reporting week, the reserves had dropped by USD 2.39 billion to a three-month low of USD 560.003 billion. It can be noted that in October 2021, the country's [...]
Around 5,642 warehousing projects have been completed under the Warehouse Infrastructure Fund (WIF) scheme so far, Parliament was informed on Friday. Under the Warehouse Infrastructure Fund (WIF) scheme, under the Ministry of Finance, about Rs 9,393.68 crore funds have been sanctioned till December 2022 for establishment of 7,953 warehouse projects spread across 21 states, Agriculture [...]
Earlier this week, Indraprastha Gas Ltd. (IGL) and Bharat Heavy Electricals Ltd. (BHEL) entered into a Memorandum of Understanding (MoU) to design, develop, and commission dedicated cylinders for blending hydrogen with CNG and operating fuel cell-based power based power backup systems. The developments are along the lines of The National Green Hydrogen Mission launched by [...]
The Enforcement Directorate Friday said it has attached a multi-storeyed commercial complex, worth more than Rs 252 crore, located in Delhi's Shalimar Bagh area in connection with a money laundering investigation linked to an alleged bank fraud case against the Ambience Group. The immovable property is named Ambience Tower and it belongs to a company [...]
Indiabulls Housing Finance Ltd has raised Rs 91.64 crores as its Securities Issuance and Investment Committee approved the allotment of approximately 9.16 lakh non-convertible debentures (NCDs) with a face value of Rs 1,000 each on a public issue basis. The company opened its trading hour today at Rs 99.25 and currently trades at Rs 95.85. [...]
