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"business-news"

  • Sensex rallies for 6th straight day, jumps 1,078 points on FII inflows, gains in banks on March 24

    A positive trend in the US and European markets powered the rally in Indian equities; Foreign institutional investors bought shares worth Rs 7,470.36 crore on March 21
  • Acer India follows L&T, announces one-day menstrual leave policy

    Larsen and Toubro, in a first for a major corporate house, had announced a one-day paid menstrual leave for women employees, a move set to benefit about 5,000 women employees at the company
  • Unified Pension Scheme to roll out from April 1. Here’s how it will benefit central govt employees

    Central government employees, currently under National Pension System (NPS), will have the option to switch to Unified Pension Scheme, which incorporates features from both Old Pension Scheme (OPS) and NPS  
  • IndusInd Bank may see a new CEO by October, replacing Sumant Kathpalia: Report

    The board will need to come up with replacement by October, adding that it is unclear if only external names will form part of the shortlist or if any internal candidates will be considered
  • SSF Plastics India Ltd files draft papers for Rs 550 crore IPO

    The proposed IPO comprises a fresh issue of equity shares worth Rs 300 crore and an offer for sale (OFS) of Rs 250 crore by promoters and promoter group entities
  • Adani Energy Solutions wins Rs 2,800 crore transmission project in Gujarat

    The project, to be delivered to the nation in 36 months, will supply green electrons for manufacturing Green Hydrogen and Green Ammonia in Mundra
  • SEBI cracks down on multiple companies for misappropriation of funds for personal use

    SEBI is reported to have initiated investigations against these companies for the alleged illegal diversion of funds by promoters to their relatives or front companies for personal use rather than the declared purpose for which the money was raised
  • Ola’s sales figure mismatch: Government orders probe

    While the total number of registrations by Bhavish Aggarwal-owned Ola Electric on Vahan portal for February stood at 8,652, the company reported sales of over 25,000 units during the period
  • RBI appoints Indranil Bhattacharyya as new Executive Director

    Prior to his promotion as ED, Indranil Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI
  • Adani Group to strengthen foothold in realty space, in talks to buy Emaar’s India business

    Emaar Properties entered the Indian real estate market in 2005 in partnership with India’s MGF Development. It has a large portfolio of residential and commercial spaces across Delhi-NCR, Mumbai, Mohali, Lucknow, Indore and Jaipur
  • India’s coffee exports rise to 40 per cent in April-Feb

    In Rupee terms, the exports increased 43.37 per cent to Rs 13004.75 crore during April-Feb 2024-25 from Rs 9,070 crore in the same 11-month period last
  • Rs 10,600 crore fertilizer project in Assam gets Cabinet nod

    The ammonia-urea complex will come up on the existing premises of the Brahmaputra Valley Fertiliser Corporation Limited at Namrup
  • Uber India narrows losses to Rs 89 crore, expenses surge 26 per cent

    Employee costs accounted for nearly 68 per cent of overall spending, up 29.4 per cent to Rs 2,690 crore in the fiscal year ending March 2024
  • Steel dump from China: India’s Commerce Ministry recommends 12 per cent safeguard duty on certain products

    Domestic steel players have raised concerns over increasing imports of steel from nations like China
  • Google to buy cloud security platform Wiz for $32 billion

    The acquisition represents an investment by Google Cloud to accelerate two large and growing trends in the AI era —improved cloud security and the ability to use multiple clouds
  • Sensex zooms 1,131 points amid bullish trend, reclaims 75,000-level

    The 30-share BSE Sensex settled at 75,301.26 while the NSE Nifty surged 325.55 points or 1.45 per cent to 22,834.30 on March 18
  • Rights petitions against Adani Green Energy projects in Sri Lanka withdrawn

    The withdrawal comes after Adani Green Energy notified the Board of Investment about its decision to cancel its wind energy projects in Mannar and Pooneryn
  • Flying from Mumbai to become costlier as MIAL proposes steep hike in User Development Fee

    At present, international passengers flying from Mumbai International Airport are charged Rs 187 while domestic passengers don’t have to pay any such fee
  • LG Electronics India gets SEBI nod for IPO, to raise funds via offer for sale

    The company, a wholly-owned subsidiary of South Korean giant LG Electronics Inc., had filed its draft red herring prospectus (DRHP) with SEBI on December 6, 2024
  • LG Electronics among the top IPOs to watch out for

    LG Electronics India Ltd, Innovision Ltd receive Sebi’s approval to raise funds through initial public offerings
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