Light
Dark
A statement released by Reliance Industries on Monday read, “Reliance New Energy Ltd., a wholly-owned subsidiary of Reliance Industries Ltd., said it had signed definitive agreements to acquire the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth substantially.” Lithium Werks BV was founded in 2017 […]
India’s retail inflation rose to 6.7% in February mainly due to an uptick in food prices, according to data released today by the Ministry of Statistics & Programme Implementation (MoSPI) The retail inflation is mastered by the Consumer Price Index (CPI). The rise in the CPI-based retail inflation was backed by the rise in the […]
The GST Council is likely to push for raising the lowest tax slab to 8 per cent from 5 per cent currently keeping the revenue for the states in mind and reducing their dependence on the Centre for compensation. A panel of state finance ministers is about to submit its report by this month in […]
Reliance Industries Limited’s subsidiary Reliance Strategic Business Ventures Limited and US-based manufacturing firm Sanmina Corporation have entered an agreement to create a manufacturing joint-venture to make electronics in the country. In a press statement Thursday, RIL said the move backs the government’s “Make in India” initiative. Trade analysts are optimistic that the move will create […]
The boardroom battle that has played out over the last two months in one BharatPe has been anything but friendly with allegations and counter-allegations. Even though the results of an internal investigation against co-founder Ashneer Grover and his wife, Madhuri Jain Grover, are still awaited, Grover has resigned from one of the company’s directors and […]
Every war has consequences, and the Russia-Ukraine crisis will be no different for India as it will have a substantial economic impact on the country. India will be impacted as countries in conflict-Russia, and Ukraine accounts for 90 percent of India’s sunflower oil imports. As the conflict between two adversaries is in no way cooling […]
The government has no intention to limit the usage of blockchain technologies for other than those related to payments and the emergence of crypto assets, a Finance Ministry official stated, allaying industry players’ fears stemming from the Center’s ambiguous stance on the legitimacy of crypto assets. Finance Secretary T.V. Somanathan stated at post-budget interaction “I […]
IDFC FIRST Bank MD and CEO V Vaidyanathan is in news for one of the most inspiring philanthropic acts as he gifted shares worth Rs 3.95 crore to his support staff. Vaidyanathan has gifted his 9 lakh shares of the bank to help a total of five people including his driver, house help, trainer to […]
After engaging and full of information, day one of the Brand Fest second season, day two saw the industry veterans continuing their knowledge sharing sessions on Sunday. The day two of the second season of the fest saw three main speakers- Marching Ants Advertising Pvt. Ltd.’s Rajeev Chudasma, Voot’ s Business Head and SVP- Chanpreet Arora […]
After the first successful brand fest, Brand Klub organized a second season, which kickstarted on Saturday with engaging and full of information sessions by industry veterans. The second season of the fest was held virtually with three main speakers- Former Executive Director of Tata Sons & Vice Chairman of the Board of HUL, R.Gopalakrishnan, Vice […]
Life Insurance Corporation(LIC) of India, on February 13, filed its IPO draft prospectus with SEBI. The Government is planning to launch LIC IPO next month as a part of its mega disinvestment plan. This will be India’s largest-ever public listing. As per the market sources with the value of Rs 12.6 billion- Rs 15 billion, […]
Indian Market indices on Tuesday ended in green after two days of losing streak. Day after seeing the single-day fall in the last ten months, BSE Sensex saw the biggest single-day rise in one year on Tuesday. The biggest single-day rally was led by Autos, Banks, IT, and FMCG in one day. The automobile sector […]
Indian Market Indices on Monday ended in the red as Sensex ended the day at 56,406.84, down around 1747 points and Nifty 50 ended the day at 16,842, down around 531 points. In addition, all sectoral indices ended the day in the red. Nifty Metal and Nifty realty indices were top losers as both of […]
Union finance minister Nirmala Sitharaman said there was complete harmony with which her department was working with Reserve Bank of India on all issues, including cryptocurrencies. She said there is a respect towards each other’s domain and priorities keeping the country’s interests in mind. “Not just on crypto, but on every other thing as well. […]
On Valentine’s Day people’s favorite color is red but when it comes to Indian indices people like to see it green always. But, on Monday Indian indices Sensex and Nifty started the day with a massive Slump as Sensex and Nifty were down around 2.20 percent as all sectoral indices were seen in red. According […]
Imagine Marketing’s Audio and wearable brand boAt has filed DRHP(draft red herring prospectus) for a Rs.2000 crore IPO (Initial Public Offering) with SEBI. The documents show a fresh issue of shares worth Rs 900 crore and an offer for sale of shares worth up to Rs 1,100 crore. South Lake Investment will sell shares worth Rs.1,100 […]
The Mukesh Ambani-led Reliance Industries Limited (RIL) partnered with Assets Care and Reconstruction Enterprise (ACRE) is all set to acquire the debt-ridden Sintex. They have submitted a revised resolution plan to the National Company Law Tribunal (NCLT), Ahmedabad, of Rs 2,700 crore to Rs 2,800 crore to acquire Sintex Industries Ltd. The Reliance Industries Limited […]
Chances are, you or a family member of yours holds a LIC policy. At 40 crore insurance policyholders, LIC covers almost 30% of the Indian population, and in that capacity manages to play a unique socio-economic role that is unmatched by any other institution not just within India but globally as well. Consider, for instance, […]
An SBI circular, issued on December 31, refrained women who are more than three-month pregnant from joining work. The bank’s notice termed these women “temporarily unfit.” Taking cognisance of the same, Delhi Commission for Women’s chairperson, Swati Maliwal’s protest and tweets have jointly yielded results. “State Bank of India seems to have issued guidelines […]
Dalal street witnesses mayhem on Monday as all constituents end in the red. Sensex nosedives 1545.67 points to end at 57,491.51 points. Whereas, Nifty plunges 465.05 points to end at 17,149.10 points. In the last five days, investors lost Rs. 17.54 trillion worth of investment. The Nifty is down around 6 percent in the last […]
