Free Press Journal
  • Wipro’s Rs 11,000 cr share buyback to begin Nov 29

    New Delhi :  IT major Wipro on Monday said it will open its Rs 11,000 crore share buyback scheme on November 29, for Rs 320 a unit, at 8.6 per cent premium over current price. The company has announced to buyback over 34.37 crore fully paid-up equity shares of face value Rs 2 each, representing up to 7.06 per cent of the total paid-up equity share capital, from all the fully paid-up

  • M&M aims to sell e-rickshaws across India

    Kolkata :  Amid the buzz about vehicular pollution and a regulatory push by the government, Mahindra & Mahindra (M&M) is looking to roll out an electric three-wheeler in at least seven or eight cities. The firm’s electric rickshaw is sold in Delhi, Lucknow and Kolkata at present.”We will be launching it in 7-8 cities in the next few months. It will be launched in a phased manner,” the company’s Vice President (Commercial

  • Transition to electric mobility system can save $330bn: FICCI

    New Delhi : India’s transition to a shared, electric and connected mobility system can save USD 330 billion (Rs 20 lakh crore) by 2030 on avoided oil imports alone, according to a report by Ficci-Rocky Mountain Institute.

  • Egg prices 40% higher on tight supply

    New Delhi: Egg prices have jumped by up to 40 per cent to Rs 7-7.50 per piece in retail markets in most parts of the country, hit by tight supply, Poultry Federation of India President Ramesh Katri said today.

  • GST, note-ban have lowered cities’ real estate ranking: Report

    Mumbai: Implementation of the goods and services tax (GST) and the last year’s note-ban have not only created liquidity issues for the real estate sector but also impacted investment and development prospects of the cities, thereby pulling down their rankings, a report has said.

  • Internet giant Alibaba to take $2.9 billion stake in China’s top grocer

    In a news that would send shock waves in the business world, internet giant Alibaba Group Holding Ltd said on Monday it would invest HKD 22.4 billion ($2.87 billion or roughly Rs. 18,691 crores) for a major stake in China’s top hypermart operator, Sun Art Retail Group Ltd, part of a wider push into offline retail.

  • Sensex loses sheen, IT, metal stocks weigh

    Mumbai, The market got off to a muted start today on weakness in IT and metal stocks after participants took profit amid sluggish global pointers.

  • 329 ambulances to hit Jharkhand streets before March

    Mumbai : Reviewing 108 ambulance facility and CM health insurance scheme, Jharkhand Chief Minister Raghubar Das said that reducing death rate and providing treatment to all is the state government’s priority.  He also stated that 329 ambulances will hit the road before March.

  • Big challenges offer great opportunities: SAIL chief

    New Delhi : Big challenges offer great opportunities, said Steel Authority of India Ltd. (SAIL), Chairman P K Singh. He also spoke about the new mantra while interacting with the Company’s entire marketing team and employees of local SAIL units at Kolkata.