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Here’s something that might perk up your ears about cryptocurrency — if Tesla founder Elon Musk being bullish about it already hasn’t. Despite the volatility of the market and the legal grey area, many investors especially youngsters are being drawn towards investing in digital currencies. With easy accessibility to cryptocurrency trading platforms like WaZirX, CoinDCX, […]
The Vehicle Scrapping Policy introduced in the 2021 budget was finally launched on August 13 during an investor summit held at Mahatma Mandir, Gandhinagar, Gujarat. The Policy was launched by Prime Minister Narendra Modi and was aimed at developing fuel-efficient vehicles that follow environmental norms make auto components that are less expensive and reduce the […]
Although most private sector banks withhold the remuneration details of senior executives in the annual reports, the shareholders can specifically request the disclosure from companies. The remuneration disclosure provides valuable information on the quantum of monetary compensation that reveals how senior managers have been appraised and compensated. As per Hemindra Hazari, the scale of remuneration […]
Elon Musk, the chief executive of Tesla tweeted last month that Tesla would set up a factory in India if it is successful with imported vehicles. The company wrote to the Indian Ministries seeking a big reduction in import duties on electric vehicles however it was likely to face resistance from the Government. Also Read: […]
Though benchmark indices (Sensex and Nifty) indicate gains, the overall market on Monday ended with losses wiping out Rs77,663 crore of investors’ wealth in highly volatile trade. All other indicators indicated the emergence of cautious trade or profit booking at the higher levels. Looking at deep cuts in crude oil and gold prices in the […]
The Supreme Court of India on Monday refused to stop the probe by the Competition Commission of India (CCI) on alleged violation of foreign direct investment (FDI) rules in India. The online majors had challenged the July 23 order of the Karnataka High Court, in which the apex court has refused to stay the matter. […]
Nuvoco, one of the largest cement concrete manufacturers incorporated in 1999 and a part of the Nirma Group opens for subscription today. The company is to raise Rs 5,000 crore through its public issue this week. The IPO will be the fourth largest of its kind to make its debut in 2021 so far. Read: […]
As expected, the Reserve Bank of India (RBI) on Friday announced to keep the benchmark interest unchanged, with an economic outlook on the status quo and an increase in inflation estimates for the year 2021-22. However, economists argued that the era of record-low interest rates is ending and sooner than expected interests are going to […]
The Supreme Court of India on Friday ruled that the order of the arbitrator that put on hold the deal between Future Retail and Reliance Retail is valid. Effectively it means that the acquisition of Future Retail’s business by Reliance is now on hold and India’s most valued company may have to find another way […]
Flipkart, India’s homegrown e-commerce marketplace, today announced the expansion of its supply chain in Gujarat with the addition of four new supply chain facilities to support local sellers from the state and to cater to the growing demand for e-commerce. The expansion of the supply chain in Gujarat is a testament to Flipkart’s commitment to […]
Reliance BP Mobility Limited in partnership with Swiggy announced the commencement of trials that will increase the deployment of EVs in the delivery fleet of the food delivery platform, Swiggy to contribute to the creation of an EV ecosystem. The adoption of battery-operated EV includes deployment of electric 2-wheelers by Swiggy’s network of delivery partners. […]
Today, L&T held its Annual General Meeting where Mr. A.M. Naik, L&T’s Group Chairman’s made a keynote address. Here are the key highlights: “Given the scale of India’s infrastructure deficit, we remain optimistic about the Government’s intent to complete the projects as envisaged in the National Infrastructure Pipeline” “It gives me great pleasure to inform […]
Nirma was de-listed from the stock exchange in 2011 however it has continued to be a household detergent brand across the country. Nuvoco Vistas Corporation Ltd, a Nirma group company, filed a draft with SEBI to launch an IPO worth Rs 5,000 crore on May 6 which after approval will now be open for subscription […]
At a time when domestic consumption is falling in the country, an unprecedented price rise on two key fuels – petrol and diesel –may be counterproductive. Another threat due to record high prices is inflation. At a time when economic recovery is fragile and there is a looming threat of the third-wave of Covid19, higher […]
Under the shadow of declines in the Asian market and subdued European markets, for most of the day, Indian shares were outperforming their global peers. However, profit-booking in the last hour of trade erased all gains. Profit booking was amplified in the index heavyweights Reliance, TCS and Tata Steel. At the close, Sensex fell 66.23 […]
It seems that the aftermath of the Covid19 pandemic on Indian households is still unfolding. Slump in economic activity, restrictions on working conditions and increasing layoffs and unemployment has devasted family income resulting in large scale selling of families’ physical gold holdings. Indians, mostly middle class have reportedly sold 111 tonnes of their physical gold […]
Four funds that have a large investment in India’s second richest Gautam Adani-promoted firms have a history of investing in the companies that have defaulted on repayment to bank. The opposition has demanded an investigation for alleged round-tripping. These funds are also among the largest foreign shareholders in Winsome Diamonds and Jewellery Ltd., Sterling Biotech […]
National Fertilisers Limited (NFL) and Rashtriya Chemicals and Fertilisers Ltd (RCF) signed a Memorandum of Understanding (MoU) with Indian Farmers Fertiliser Cooperative Limited (IFFCO) for the transfer of technology of a revolutionary and game-changer fertiliser Nano Urea Liquid on July 27. MoUs and other related agreements were signed in the presence of Minister of Chemicals […]
Measures announced by the government to give relief to micro, small and medium enterprises (MSME) to thwart the impact of the Covid-19 pandemic on their businesses are inadequate, a parliamentary panel has concluded. A standing committee report (Impact of Covid-19 Pandemic on MSME Sector and Mitigation Strategy Adopted to Counter It) was submitted by the […]
“Sorry, I cannot help you. We have got the approval as per the rates fixed by the municipal corporation. I can not change the room charges as requested,” a hospital staff member tells a lady who is being discharged after 14 days of Covid-19 treatment. “But, my problem is I am allowed room charges only […]
