Market Capitalization of eight of top-10 valued firms zoom Rs 1.94 lakh crore
NEW DELHI: Eight of the top 10 valuable firms added over Rs 1.94 lakh crore to their market valuation last week, led by Reliance Industries Ltd (RIL). On the contrary, HDFC Bank and State Bank of India (SBI) witnessed losses in their valuations. RIL added Rs 60,034.51 crore to take its valuation to Rs 13,81,078.86 […]
From farms to mills, it’s a long wait for Western Uttar Pradesh farmers just to get sugarcane weighed
By Jatin Takkar and Kishor Dwivedi MUZAFFARNAGAR: As thousands of farmers lay siege to Delhi borders for over 100 days demanding the repeal of three contentious farm laws, those staying back in Western Uttar Pradesh have to endure a different kind of long wait — at times for multiple days just to get weighed quintals […]
Cairn wants India to honour its word and pay $1.4 billion, shareholders to seek enforcement
NEW DELHI: British oil firm Cairn Energy plc on Sunday said its shareholders, including top financial institutions of the world, expect the use of the company’s “strong powers of enforcement” to recover USD 1.4 billion from the Indian government should it not keep its word of honouring international arbitration tribunal awards on retrospective taxes. Cairn […]
RINL expects Rs 1,000-crore from sale of 22-acre land in Visakhapatnam
NEW DELHI: State-owned RINL expects to garner Rs 1,000 crore from the sale of its 22.19 acre land located in the heart of Visakhapatnam city, a popular tourist destination in Andhra Pradesh. On Thursday, state-run construction company NBCC had announced signing an MoU with Rashtriya Ispat Nigam Ltd (RINL) for redevelopment and monetisation of its […]
China to connect Tibet with high-speed bullet trains before July: Official
BEIJING: China will operate bullet trains to Tibet, close to the Indian border in Arunachal Pradesh before July this year, marking the opening of high-speed train services to all Chinese mainland provincial-level regions, a senior official has said. A 435-km rail link to the regional capital of Lhasa will run Fuxing high-speed trains powered by […]
PVR to invest Rs 150 crore to add 30-40 screens next fiscal
NEW DELHI: Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal. The company’s target of having 1,000 operational screens has been pushed by a year due to the outbreak of the COVID-19 pandemic to the end of fiscal 2022-23, a top company […]
India’s forex reserves increase by USD 689 million to USD 584.55 billion
NEW DELHI: India’s forex reserves increased for the second consecutive week, touching USD 584.554 billion as of February 26, up by USD 689 million, the Reserve Bank said on Friday. The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week. The reserves, which have been steadily increasing […]