Agencies

Stories By Agencies

Maharashtra Congress ministers assess rain damages in state

Maharashtra Congress ministers assess rain damages in state

Losses suffered by people in the rain-hit areas are heavy and ministers from the Congress want farmers to get maximum help, Congress' sta...Read More

Government to sell up to 15% stake in RVNL via OFS

Government to sell up to 15% stake in RVNL via OFS

The government is planning to sell up to 15 per cent stake in Rail Vikas Nigam Ltd (RVNL) and has invited bids from merchant bankers for...Read More

Tech Mahindra to acquire Tenzing Group, Momenton for Rs 293 crore

Tech Mahindra to acquire Tenzing Group, Momenton for Rs 293 crore

IT company Tech Mahindra on Friday said it will acquire complete stake in New Zealand-based Tenzing Group and Australian IT firm Momenton...Read More

Flipkart to buy 7.8% stake in Adiya Birla Fashion

Flipkart to buy 7.8% stake in Adiya Birla Fashion

Walmart-owned Flipkart will buy a 7.8 per cent stake in Aditya Birla Fashion and Retail for Rs 1,500 crore as it taps into the offline re...Read More

India business returns to the growth path, says Unilever

India business returns to the growth path, says Unilever

After a strict lockdown impacting sales, India has returned to the growth path again, Anglo-Dutch FMCG major Unilever has said.The retu...Read More

IDBI Bank reports Rs 324 crore profit for Q2; NPA ratio down

IDBI Bank reports Rs 324 crore profit for Q2; NPA ratio down

IDBI Bank on Friday reported a net profit of Rs 324 crore for the second quarter of the current fiscal year against a loss of Rs 3,459 cr...Read More

Tech Mahindra Managing Director and CEO C P Gurnani

Tech Mahindra Q2 profit slips 5% to Rs 1,065 crore even as margins increase

Tech Mahindra on Friday reported 5.27 per cent decline in September quarter net profit at Rs 1,064.6 crore, even as profit margins widene...Read More

NBFCs approach RBI for inclusion as beneficiaries to on-tap TLTRO Mumbai

NBFCs approach RBI for inclusion as beneficiaries to on-tap TLTRO Mumbai

Non-banking financial companies (NBFCs) have written to the Reserve Bank of India (RBI) to include them as beneficiaries for availing fun...Read More

Jewellers betting big on Dussehra, expect 65% of total business this festival season

Jewellers betting big on Dussehra, expect 65% of total business this festival season

With life returning slowly to normalcy, people are also gradually venturing to purchase jewellery, giving hope to the industry that expec...Read More

Reserve Bank of India (RBI)

RBI board takes stock of economy

Amid the uncertainties created by the coronavirus pandemic, the Reserve Bank's central board on Friday held a meeting to discuss, among o...Read More

Rate cut will depend upon moderation in inflation: RBI

Rate cut will depend upon moderation in inflation: RBI

Reserve Bank Governor Shaktikanta Das has said that there is room for rate cut but monetary policy action would depend upon the evolving ...Read More

TCS, Wipro set the tone as cash-rich companies announce Rs 27,558 crore of buybacks

TCS, Wipro set the tone as cash-rich companies announce Rs 27,558 crore of buybacks

Buybacks are seeing a strong trend with cash-rich companies, led by IT giants TCS and Wipro, announce buybacks worth Rs 27,588 crore to r...Read More

Asian Paints sees recovery but sustenance in doubt

Asian Paints sees recovery but sustenance in doubt

While Asian Paints Ltd is seeing recovery in decoratives sales across premium and economy product segments, there is scepticism about the...Read More

Power PPAs cannot be terminated during insolvency process

Power PPAs cannot be terminated during insolvency process

In a breather for bankrupt power generation companies, an insolvency tribunal has ruled that going concern status of such companies have ...Read More

Nestle India Q3 net profit down 1.37% to Rs 587 crore

Nestle India Q3 net profit down 1.37% to Rs 587 crore

FMCG major Nestle India Ltd on Friday saw its net profit dipping marginally by 1.37 per cent to Rs 587.09 crore in the third quarter ende...Read More

LIC hikes stake in IRB Infra to 5.27% in Sep quarter

LIC hikes stake in IRB Infra to 5.27% in Sep quarter

LIC has raised its stake in IRB Infrastructure Developers, which operates the iconic Mumbai-Pune Expressway, to 5.27 per cent in the Sept...Read More

Maha govt publishes list of medical stores selling Remdesivir

Maha govt publishes list of medical stores selling Remdesivir

The pharmaceutical shops in every district and city are designated for its supply, which will ensure smooth supply of the medicine to eve...Read More

Bharti Infratel sees strong tower addition on high demand for 5G tech

Bharti Infratel sees strong tower addition on high demand for 5G tech

Bharti Infratel Ltd today said it expects to see strong tower additions due to higher demand for next-generation technology. This was aft...Read More

COVID-19 may delay adoption of electric vehicles, says India Ratings

COVID-19 may delay adoption of electric vehicles, says India Ratings

The outbreak of COVID-19 is expected to delay the adoption of electric vehicles in India, as low affordability and the government’s prior...Read More

Indian housing market expected to show resilience: Report

Indian housing market expected to show resilience: Report

While the coronavirus pandemic has severely hit the real estate sector, the Indian housing market is likely to show resilience in the com...Read More

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