Gold imports slip 3.3% to $26.11 billion in April-February, jewellery exports fall 34%
NEW DELHI: Gold imports, which have a bearing on the country’s current account deficit (CAD), fell 3.3 per cent to USD 26.11 billion during April-February 2020-21, according to the commerce ministry data. Imports of the yellow metal stood at USD 27 billion in April-February 2019-20. The decline in gold imports has helped in narrowing the […]
Potato prices crash 50% to Rs 5-6 per kg in both producing, consuming areas
NEW DELHI: Potato prices in both producing and consuming areas across India have crashed 50 per cent to Rs 5-6 per kg this year on account of good rabi (winter) crop, as per the government of India data. While consumers are getting potato, the key kitchen staple, at very low prices at present but farmers […]
Market capitalisation of eight of top 10 valued companies tanks over Rs 1.38 trillion
NEW DELHI: Eight of the 10 most valued companies witnessed a combined erosion of Rs 1,38,976.88 crore in their market valuation last week, with Reliance Industries and HDFC Bank taking the biggest hit. During the last week, the 30-share BSE benchmark declined 933.84 points or 1.83 per cent. From the top-10 pack, Tata Consultancy Services […]
Cargo traffic at 12 major ports falls for 11th month in February; down 7%
NEW DELHI: India’s top-12 ports witnessed considerable decline in cargo traffic for the eleventh straight month in February to 600.62 million tonnes (MT), according to ports’ apex body IPA. Cargo traffic at 12 major ports that are under the control of the Centre dropped by 6.61 per cent to 600.62 million tonnes (MT) during April-February […]
Auto components maker Rolex Rings Ltd submits IPO papers with Sebi
NEW DELHI: Auto-components maker Rolex Rings Ltd has filed preliminary papers with capital markets regulator Sebi to launch an initial share sale. So far this year, 16 companies have filed draft papers for their respective initial public offers (IPOs) as these firms are expecting to benefit from an equity market which is flush with liquidity […]
Skoda lines up new products, plans to boost sales, infrastructure in India
NEW DELHI: Czech automaker Skoda is looking to launch multiple products, expand its sales network and enhance local content in its cars as it aims to carve out viable business for itself in the highly competitive Indian passenger vehicle segment, according to a top company official. The company, which is responsible for pressing ahead with […]
Amid outflows globally, FPIs invest Rs 8,642 crore in Indian markets in March
NEW DELHI: Foreign portfolio investors (FPIs) have invested a net sum of Rs 8,642 crore in Indian markets so far in March. According to depositories data, FPIs poured in Rs 14,202 crore into equities but pulled out Rs 5,560 crore from debt segment between March 1-19. This took the total net investment to Rs 8,642 […]
JPVL bags bid for mining of sand in Andhra Pradesh
AMARAVATI: Jayaprakash Power Ventures Limited (JPVL), a part of the Jaypee Group, has bagged the bid for mining of sand in Andhra Pradesh, offering an annual revenue of Rs 765 crore to the state government. MSTC Limited, a mini-ratna under the Union Ministry of Steel, selected the successful bidder on behalf of the state government, […]