Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month. The paints division was separated from the steel business of the group last year for better management focus and operational flexibility, its CMD Satish Agarwal said, citing reasons for the demerger. There are plans [...]
Union Minister Nitin Gadkari on Thursday said that Sri Lanka and Bangladesh have shown their keenness to import ethanol from India. The minister of road transport and highways said that he discussed about ethanol with the government of both the countries -- Sri Lanka and Bangladesh. "I was able to discuss this matter with PM [...]
The government is committed to growth of online gaming with new rules safeguarding digital citizens, but will not allow hijack of the proposed self-regulatory body, that will operate at arm's length from the industry and have equitable representation, IT Minister Rajeev Chandrasekhar has said. SRO or the self-regulatory body, proposed under the draft rules for [...]
Indian benchmark indices opened in the green on Thursday. However, it slipped into the red as bank, pharma and FMCG indices fell. The BSE Sensex was at 59730 levels, down 0.62%, while the NSE Nifty 50 was at 17790 levels, down 0.60%. Here are two stocks that brokerages have recommended for an upside of up [...]
Rail Vikas Nigam Limited (RVNL), a Mini-Ratna CPSE gained 4 percent in the early hours to trade at Rs 74.85 levels. The shares edged higher after the company bagged projects worth Rs 1,134.1 Crore. RVNL received a letter of approval (LoA) on January 10th, 2023, for constructing an elevated viaduct (approximate length of 10 kilometers), [...]
All 7,000 electric buses under the FAME-II scheme are expected to ply in different cities of the country in the next one year, a senior official of the Heavy Industries ministry said on Thursday. Out of the 7,000 electric buses under the FAME-II scheme, over 3,000 e-buses are already operating in the country. In 2019, [...]
Societe Generale, a European financial services company on Wednesday bought 20 lakh shares of ICICI Bank. ICICI Bank’s shares were trading at ₹ 857.00 apiece at 12:00 PM on Thursday on the Bombay Stock Exchange (BSE). According to the block deal data available on the BSE’s website, Societe Generale bought these shares at a price [...]
The India US Trade Policy Forum meeting has resulted in a smoother, friendlier and trusted environment for businesses to expand their trade and investment between the two countries, Union Commerce and Industry Minister Piyush Goyal said Wednesday. "Since we relaunched it (TPF) in a new form that renewed vigour in November 2021, we have seen [...]
Reliance Jio Infocomm has invested Rs 40,446 crore as it expanded the footprint in the Tamil Nadu with the unveiling of True 5G services in five cities, a top company official said on Wednesday. Reliance Jio Infocomm Ltd State Business head Hemanth Kumar Guruswamy said 45 people out of every 100 people were using Jio [...]
5Paisa Capital Limited saw its share price jump by more than 7 percent in the early hours of Thursday. The shares rallied after the company reported a multifold jump in its net profits in the December quarter. The total revenue of 5Paisa Capital Limited stood at Rs 83.76 crore in Q3FY23 which increased by 5 [...]
The lawmakers from the US Staate of Washington have urged the Biden administration to help remove or reduce the tariffs on American apples imported to India as the country's fruit industry has incurred significant losses due to New Delhi's retaliatory measures. In a letter to US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo, [...]
The India-US Trade Policy Forum meeting that concluded here is an important step in the sustained effort to strengthen commercial ties between the two countries, a top American business body has said. The India-US Trade Policy Forum (TPF) meeting was held here on Wednesday. It was co-chaired by US Trade Representative Katherine Tai and Union [...]
India and the United States are developing a mechanism for the Indian fishermen to be able to export shrimps for the American consumers, Union Commerce and Industry Minister Piyush Goyal said Wednesday. "We had discussions for restarting the wild caught shrimp exports from India to the US," Goyal told reporters at a news conference here [...]
India discussed with the US the inordinate delays in issuance of business visas to the people from India, and there has been a good resonance of it by the Americans, visiting Union Commerce and Industry Minister Piyush Goyal said Wednesday. "We found very good resonance to our request that issuance of business visas which is [...]
The Indian auto manufacturer Mahindra has been named the fastest-growing brand in South Africa for the year 2022 as the company's local subsidiary set several records in the last year, according to a report by the National Association of Automobile Manufacturers of South Africa (NAAMSA). The report said that 'Mahindra SA' increased its sales volume [...]
Aviation watchdog DGCA will seek a report from SpiceJet on an incident at Delhi airport this week where passengers of a Bengaluru-bound flight had to wait for a long time at the aerobridge. A passenger had shared on social media a video and his experience about co-passengers having had to wait for a long time [...]
Shares of Sah Polymers on Thursday listed with a premium of nearly 31 per cent on the stock exchanges against the issue price of Rs 65. The stock made its debut at Rs 85, reflecting a jump of 30.76 per cent from the issue price on the BSE. It further rallied 36.92 per cent to [...]
The Modi government and the Biden administration are "thinking big" in terms of their trade and commerce relationship, a top Indian official said Wednesday as he ruled out the previously talked about mini trade deal or a free trade agreement and noted that revoking of GSP is not a priority for New Delhi. The previous [...]
The domestic equity benchmarks climbed in early trade on Thursday amid positive trends from the US markets. The 30-share BSE Sensex climbed 139.34 points to 60,244.84 in initial trade. The broader NSE Nifty advanced 39.35 points to 17,935.05. From the Sensex pack, HCL Technologies, Titan, UltraTech Cement, Larsen & Toubro, Mahindra & Mahindra, Bajaj Finserv, [...]
Telecom Operator Vodafone Idea recently sought emergency funds of at least ₹ 7,000 crores from local banks, according to reports. It approached the State Bank of India, Punjab National Bank, HDFC Bank and IDFC First Bank amongst others. However, lenders could wait for capital infusion by its promoters— India’s Aditya Birla Group and UK’s Vodafone [...]
