RIL becomes first Indian company to cross Rs 19 trillion in market cap
Apr 27, 2022, at 07:07 pm
Mumbai: Reliance Industries Ltd (RIL) has become the first-ever Indian company to cross a market capitalization (m-cap) of 19 trillion or 19 lakh crore as the company's stock hit record hit a record of Rs 2,827.10 on BSE, up 1.7 percent intraday, said media reports.
Abu Dhabi Investment Authority to buy stake in Instas Pharma
Apr 27, 2022, at 05:48 pm
The Abu Dhabi Investment Authority (ADIA), a sovereign wealth fund owned by the Emirate of Abu Dhabi, is going to acquire about 3 percent in Intas Pharmaceuticals for $250-$270 million (Rs 2,000 crore) at a valuation of $8.5 billion (Rs 65,000 crore), media reports said.
Jazeera Airways announces KD3.8 million in net profit in first quarter 2022
Apr 27, 2022, at 05:45 pm
Kuwait: Kuwaiti airline Jazeera Airways has announced a net profit of KD3.8 million for the first quarter (Q1) of 2022, compared to a net loss of KD5.2 million in the first quarter of 2021. Total revenue for the quarter reached KD35.7 million, up 339.2%, while operating profit stood at KD5.3 million, up 199.3%.
Apr 27, 2022, at 05:43 pm
New Delhi/San Francisco/UNI: Addressing investors and business leaders in Silicon Valley, California as part of her official visit to the US, Finance Minister Nirmala Sitharaman on Wednesday said that she is open to receive suggestions, understand pain points and offer necessary redressal wherever possible.
Kia Motors to increase production by 400,000 units by 2022: Report
Apr 27, 2022, at 04:50 pm
Mumbai: South Korean carmaker Kia Motors will increase its production in India by the end of 2022, media reports said.
19 companies apply in 2nd round of PLI scheme for white goods
Apr 27, 2022, at 06:32 am
New Delhi: A total of 19 companies with proposed investments of Rs 1,548 crore have applied to avail the benefits under the second round of PLI scheme for white goods, the commerce and industry ministry said on Tuesday.
Reliance & UAE's TA’ZIZ sign shareholder agreement for Ruwais chemicals project
Apr 27, 2022, at 04:00 am
Mumbai: India's leading conglomerate Reliance Industries Ltd (RIL) and Abu Dhabi Chemicals Derivatives Company RSC Ltd (TA’ZIZ) on Tuesday announced the signing of shareholder agreement for the Ruwais chemicals project.
Tesla welcome to set shop in India, but shouldn't import from China to sell here: Nitin Gadkari
Apr 27, 2022, at 03:10 am
New Delhi: US-based electric carmaker Tesla is welcome to set up manufacturing units in India, sell the vehicles here and also export them but must not import cars from China, Transport Minister Nitin Gadkari said Tuesday, media reported.
SpiceJet announces eight new flights including two under UDAN
Apr 27, 2022, at 02:11 am
Kolkata: Indian low-cost airline SpiceJet Tuesday announced the launch of new and additional flights including industry-first UDAN flights connecting Pune with Bhavnagar.
Airtel Payments Bank partners with IndusInd Bank to offer Fixed Deposit facility to its customers
Apr 27, 2022, at 01:45 am
New Delhi: Airtel Payments Bank on Tuesday announced the launch of the Fixed Deposits (FD) facility in partnership with IndusInd Bank.
Coal crisis plunges Indian states into power outrages
Apr 27, 2022, at 12:37 am
New Delhi/IBNS: Dwindling coal stocks in various thermal plants coupled with the high price of importing coal and shortage of rakes has caused a power crisis situation for 12 Indian states, including Maharashtra, and Uttar Pradesh, according to media reports.
LIC IPO likely to be on May 4: Report
Apr 26, 2022, at 11:38 pm
New Delhi: Life Insurance Corporation of India (LIC IPO) is likely to open on May 4 and is expected to close on May 9, according to media reports.
Powergrid moves up 3.93 pc to Rs 231.65
Apr 26, 2022, at 10:35 pm
Mumbai: Powergrid on Tuesday rose 3.93 per cent to Rs 231.65, a major gainer in 30 scrips of the BSE.
Apr 26, 2022, at 10:14 pm
Mumbai: The BSE Sensex on Tuesday rallied 776.72 points to close at 57,356.61 on positive global cues.
FM Sitharaman woos investors in US, urges them to become part of India's growth story
Apr 26, 2022, at 05:00 pm
New Delhi/San Francisco/UNI: On an official visit to the US, Union Finance Minister Nirmala Sitharaman on Tuesday attended a roundtable meeting with business leaders and investors in San Francisco and invited them to become part of India's growth story.
Apr 26, 2022, at 03:42 pm
Mumbai: The BSE Sensex on Tuesday bounced back 697 pts at 57,276.89 as buying was seen across the board.
Apr 26, 2022, at 03:01 pm
Mumbai: Petrol and diesel prices remained unchanged for the 20th day in a row on Tuesday. According to the price notification of Indian Oil Corporation, petrol in Delhi costs Rs 105.41 per litre and diesel Rs 96.67 per litre.
Twitter accepts Elon Musk's $44 billion buyout deal
Apr 26, 2022, at 06:20 am
San Francisco/IBNS: In a major announcement, Twitter Inc. Monday accepted Tesla CEO Elon Musk's nearly $44 billion takeover offer, a deal ranked as one of the biggest-ever leveraged buyouts of a listed company.
Twitter to make announcement on Elon Musk's takeover offer soon: Reports
Apr 26, 2022, at 05:45 am
San Francisco/IBNS: Twitter Inc. is in its final lap to make an announcement over Tesla CEO Elon Musk's $43 billion takeover offer, a deal if finalised would rank as one of the biggest-ever leveraged buyouts of a listed company.
Apr 26, 2022, at 12:54 am
New Delhi: In line with its commitment to sustainability and green mobility, Bharat Petroleum Corporation Limited (BPCL), a ‘Maharatna’, a Forbes Global 2000, and a Fortune Global 500 Company has partnered with MG Motor India to bolster the EV charging infrastructure across the country.
Apr 26, 2022, at 12:32 am
Mumbai: Automobile major Tata Motors on Monday announced a partnership with Lithium Urban Technologies, an EV based urban transportation service provider founded bySanjay Krishnan, which will deploy 5000 XPRES T Electric Sedans, across the country, for employee transportation.
Apr 25, 2022, at 10:48 pm
Kolkata: Flipkart, India's homegrown e-commerce marketplace, on Monday announced the signing of a Memorandum of Understanding (MoU) with Micro, Small and Medium Enterprises and Textiles (MSME&T) Department, Government of West Bengal to train and support local artisans, weavers, and handicraft makers to leverage e-commerce platform to scale their local products nationally.
Apr 25, 2022, at 04:30 pm
New Delhi/UNI: Petrol and diesel prices remained unchanged for the 19th day in a row on Monday.
Sensex moves down by 551.54 points
Apr 25, 2022, at 03:53 pm
Mumbai: The BSE Sensex on Monday dropped 551.54 points at 56,645.61 as selling was seen across the board.
EV fire: Ola Electric to recall over 1,400 units
Apr 25, 2022, at 12:41 am
New Delhi: Ola Electric is recalling 1,441 units of its electric two-wheelers as the incidents of vehicles catching fire came to light, according to a company statement.
Was forced to buy MF Husain painting from Gandhis: Yes Bank's Rana Kapoor to ED
Apr 24, 2022, at 06:34 pm
Mumbai/IBNS: Yes Bank co-founder Rana Kapoor has told the Enforcement Directorate (ED) that he was "forced" to buy an MF Husain painting from Congress leader Priyanka Gandhi Vadra, the sale proceeds of which were used for Sonia Gandhi's treatment, media reports said.
LIC board approves reduction in IPO size: Report
Apr 24, 2022, at 05:16 am
New Delhi: The LIC board has approved a reduction in its initial public offering (IPO) issue size from 5 percent to 3.5 percent, media reports said.
Reliance cancels Rs 24,700 cr deal with Future group after secured creditors oppose it
Apr 24, 2022, at 02:35 am
Mumbai: A day after secured creditors, primarily banks and financial institutions, of Future Retail rejected the Rs 24,713 crore deal with Reliance Group, billionaire Mukesh Ambani-led Reliance Industries Ltd (RIL) on Saturday said that the scheme of arrangement cannot be implemented.
ICICI Bank Q4FY22 PAT jumps 59 pc to Rs 7,018.71 cr
Apr 24, 2022, at 02:06 am
Mumbai: ICICI Bank reported a 59.42 percent rise in standalone net profit at Rs 7,018.71 crore in the fourth quarter of the previous financial year (Q4FY22) from Rs 4,402.61 crore in the same quarter a year ago.
Govt opens 6 months window for fresh applications for ethanol prodn
Apr 23, 2022, at 04:55 pm
New Delhi: The government has decided to open a window for six months for inviting fresh applications from project proponents to set up new distilleries or expansion of existing distilleries to produce 1-G ethanol.