Sensex ends 280 points higher; Nifty tops 14,800
MUMBAI: Equity benchmark Sensex jumped 280 points on Tuesday following gains in index majors HDFC Bank, ICICI Bank and Reliance Industries despite a weak trend in global markets. The 30-share BSE index ended 280.15 points or 0.56 per cent higher at 50,051.44. The broader NSE Nifty advanced 78.35 points or 0.53 per cent to 14,814.75. […]
Cipla board approves reappointment of Umang Vohra as MD & Global CEO
NEW DELHI: Pharma major Cipla on Tuesday said its board hasapproved the re-appointment of Umang Vohra as the Managing Director and Global CEO of the company for a further period of five years. The board of directorshas considered and approved the re-appointment ofUmang Vohra, Managing Director, designated as ‘Managing Director and Global Chief ExecutiveOfficer’ of […]
Supreme Court restrains banks from charging interest-on-interest on borrower during moratorium
NEW DELHI: The Supreme Court on Tuesday said any amount collected during moratorium period by banks as interest on interest or compound interest, should either be refunded or adjusted against the next EMIs payable by the borrowers. A bench comprising Justices D. Y. Chandrachud, M. R. Shah and Sanjiv Khanna pronounced the verdict. The top […]
Abhimanyu Munjal takes charge as Chairman of CII Northern Region
NEW DELHI: Abhimanyu Munjal and Anshuman Magazine have been elected as the Chairman and Deputy Chairman respectively of CII Northern Region for 2021-22. The proficient incumbents were elected during the first meeting of the newly elected Regional Council members. Mr Munjal will head CII Northern Region which comprises 7 States – Uttar Pradesh, Delhi, Haryana, […]
Adani Ports to acquire controlling stake in Gangavaram Port for Rs 3,604 crore
NEW DELHI: Adani Ports and Special Economic Zone on Tuesday said it will acquire controlling interest in Gangavaram Port Ltd (GPL) from DVS Raju and family for Rs 3,604 crore taking its stake in GPL to 89.6 per cent. GPL is located in the northern part of Andhra Pradesh (AP) next to Vizag Port. Adani […]
BJP promises Rs 6,000 for fishers, crop loan at zero per cent and promises 50 lakh jobs for Tamil Nadu people
NEW DELHI: An annual financial assistance of Rs.6,000 for fishermen; crop loan at zero per cent; enactment of anti-conversion law and implementation of anti-cow slaughter law; free tablets for students, revival of legislative council were some of the promises made by Tamil Nadu BJP in its manisfesto. Releasing the manifesto, Union Minister for Road Transport […]
Delhi High Court stays order restraining Future Retail to go ahead with Reliance deal
NEW DELHI: The Delhi High Court on Monday stayed a single judge’s order restraining Future Retail Ltd from going ahead with its Rs 24,713 crore deal with Reliance Retail to sell its business, which was objected to by US-based e-commerce giant Amazon. A division bench of Chief Justice D N Patel and Justice Jasmeet Singh […]