FPIs net buyers for 2nd consecutive month in November, invest Rs 60,358 crore
NEW DELHI: Foreign portfolio investors (FPI) remained net buyers for the second consecutive month in November by pumping in a whopping Rs 62,951 crore in Indian markets. For equities segment, this is the highest quantum of money invested ever since the FPI data has been made available by the National Securities Depository Ltd. According to […]
Can improve DHFL offer, forfeit deposit of those against recoveries: Adani
NEW DELHI: Billionaire Gautam Adani’s roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money. In an email written to the administrator, who is running the […]
5G prospects compelling for India; spectrum can spur growth: Qualcomm
NEW DELHI: India has a big market that needs to upgrade and set up for 5G offtake, and the government and policy makers can trigger growth of the telecom space by releasing spectrum, including 5G, in adequate quantity and at affordable prices, a senior official of Qualcomm has said. 5G would positively impact India’s telecom […]
JSW Steel set to acquire land for 13 million tonne steel plant in Odisha
NEW DELHI: Domestic steel major JSW Steel is in the process of acquiring land at Jagatsinghpur in Odisha where it has proposed to set up a 13.2 MTPA greenfield steel plant, a top company official said. Speaking to PTI, JSW Steel Director – Commercial Marketing and Corporate Strategy Jayant Acharya said it is the same […]
CAIT alleges violation of FDI norms by e-commerce firms, writes to Narendra Modi
NEW DELHI: Traders’ body CAIT on Sunday wrote to Prime Minister Narendra Modi seeking “strong action” against e-commerce firms for alleged violation of FDI policy by them. It also sought setting up of an empowered regulatory authority to regulate and monitor the e-commerce business in India. In the letter to the Prime Minister, the Confederation […]
Aurobindo Pharma expects to commercialise Covid-19 vaccine facility by May
NEW DELHI: Aurobindo Pharma expects to commercialise its vaccine manufacturing facility in Hyderabad by April-May next year, according to a top company official. The Hyderabad-based drug major is investing around Rs 275 crore on the facility which would be utilised to produce vaccines for the treatment of various viral diseases including COVID-19. Besides developing its […]
DLF sells nearly 90 independent floors in Gurugram for over Rs 300 crore
NEW DELHI: Realty major DLF Ltd NSE 1.49 % has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New […]
Modi government drunk on power, not listening to crores of farmers: Congress
NEW DELHI: Even as a stalemate between protesting farmers and the Narendra Modi government (Centre) on their protest venue in Delhi continued, the opposition Congress on Sunday attacked the government for “being drunk on power and not listening to the voice of farmers”. “The government is drunk on power… Union Agriculture Minister and Home Minister […]
Narendra Modi’s visit to Bharat Biotech is strong motivation: Chandrababu Naidu
AMARAVATI: Former Andhra Pradesh Chief Minister and Telugu Desam Party (TDP) president N. Chandrababu Naidu on Saturday hailed Prime Minister Narendra Modi’s visit to Bharat Biotech as a strong motivation and recalled that Genome Valley in Hyderabad was his brainchild. “The Prime Minister’s visit would serve as a strong motivation for Bharat Biotech to take […]
Farmers reject Modi government’s offer to shift to Burari, says its conditional
NEW DELHI: The farmers on Sunday rejected the proposal by the Narendra Modi government’s to shift all agitation to Delhi’s Burari ground and lift the blockade at the borders. The farmers said the offer of talks is conditional and they will not move to the Burari. The farmers had been instructed to stay put wherever […]
China Cloud services spend exceeds $5 billion in Q3, Alibaba leads
NEW DELHI: Alibaba Cloud remained the leader in the China Cloud services market in Q3 with a 41 per cent market share and continued strong growth. The China Cloud infrastructure spend grew 65 per cent in Q3 2020 to exceed $5 billion for the first time, acceding to the data provided by the global market […]
Narayana Murthys son-in-law in row over not declaring wife’s wealth in UK ministerial register: Report
NEW DELHI: Infosys founder N.R. Narayana Murthys son in law and UK chancellor, Rishi Sunak is facing questions over the transparency of his wealth disclosures as his wife’s holding in Infosys and other ventures has not been declared in the ministerial register. The Guardian reported that an investigation established that his wife and her family […]
Total FDI inflow during Q2 FY21 stands at $28.1 billion
NEW DELHI: The total foreign direct investment (FDI) during the second quarter of financial year 2020-21 stood at $28.10 billion, out of which FDI equity inflows were $23.44 billion. “This takes the FDI equity inflows during the financial year 2020-21 up to September 2020 to $30,004 million, which is 15 per cent more than the […]
Amazon, Baido lead as smart displays sales hit 9.5 million units in Q3
NEW DELHI: Move beyond smart speakers as smart displays have come of age and in Q3, the sales of smart display speakers rose by 21 per cent (on-year) to reach 9.5 million units while sales of basic smart speakers (without a display) fell by 3 per cent over the same period. According to a report […]
April-September FDI inflow at $30 billion; Mauritius, Singapore top sources
NEW DELHI: With India being an attractive destination for foreign funds despite the pandemic, FDI inflow rose 15 per cent during the April-September period to $30 billion. During the same period last fiscal, total FDI inflow stood at $26 billion. According to data from the Department for Promotion of Industry and Internal Trade (DPIIT), Mauritius […]
Demand for holiday homes gains traction amid Covid-19 pandemic
NEW DELHI: As the pandemic has significantly impacted operations of businesses and people’s working model, housing preferences also have changed and the demand for holiday homes or second homes has increased in the past few months. According to Aditya Kushwaha, CEO & Director Axis Ecorp, the need for a perfect balance between work and personal […]