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, […]
Yogi Adityanath government did nothing in 4 years to help homebuyers: Aam Aadmi Party
NOIDA: The BJP-led Uttar Pradesh government has done nothing in four years to help home buyers who are awaiting possession of their flats in Noida and Greater Noida, the Aam Aadmi Party (AAP) here alleged on Friday. On a day the Yogi Adityanath-led government marked four years of its completion in Uttar Pradesh, the AAP’s […]
Clover Infotech appoints Kunal Nagarkatti as CEO; Siddharth Deshmukh as COO
NEW DELHI: Clover Infotech, a leading digital transformation partner to global conglomerates and leading Indian BFSI customers, has announced the appointment of Kunal Nagarkatti as the Chief Executive Officer (CEO) of the company and Siddharth Deshmukh as the Chief Operating Officer (COO) effective 1st April 2021. Founder MD Javed Tapia will now be the Chairman […]
Mango hires Vaani Kapoor as its first brand ambassador for India
NEW DELHI: Spanish fashion brand, Mango, along with its franchise partner, Myntra, announces its association with Bollywood sensation, Vaani Kapoor, as its first brand ambassador in the country. The actress’ first campaign with the brand for their spring-summer collection will set the stage for the brand to further strengthen its leadership position in the massive […]
Our digital transactions have gone as high as 67 per cent now: SBI Chairman
MUMBAI: The country’s largest lender State Bank of India (SBI) has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, Chairman Dinesh Khara said. The rise in the number of digital transactions at […]
DDA approves modifications in TOD policy
NEW DELHI: The DDA on Thursday approved modification in the Transit Oriented Policy (TOD) for the city, seeking to unlock the latent economic potential by facilitating compact vertical development around public transport hubs, officials said. The decision was made during a meeting of the Authority, the highest decision-making body of the Delhi Development Authority (DDA) […]
Rajya Sabha passes bill to raise FDI in insurance to 74 per cent
NEW DELHI: Rajya Sabha on Thursday approved a bill to raise the foreign investment limit in the insurance sector to 74 per cent with Finance Minister Nirmala Sitharaman saying while control will go to foreign companies, the majority of directors and key management persons will be resident Indians who will be covered by law of […]
Welspun Corp bags orders worth Rs 777 crore in domestic, overseas markets
NEW DELHI: Welspun Corp Ltd on Thursday said it has bagged multiple orders worth about Rs 777 crore in the overseas and domestic markets. “We have received multiple orders of approximately 93 KMT (kilometric tonnes)valuing close to Rs 777 crore. This includes a single order of approximately 50 KMT received from a large client in […]
Shapoorji Pallonji Real Estate to invest Rs 300 crore to build flats in Bengaluru
NEW DELHI: Shapoorji Pallonji Real Estate will invest Rs 300 crore to construct around 440 luxury apartments in Bengaluru. The company has launched a new phase of its 46-acre luxury residential project Parkwest in Binnypet, Central Bengaluru. The new phase will have around 440 luxury apartments, ranging from 462.10 sq ft to 1,185.07 sq ft. […]
Delhi High Court restrains Future-Reliance deal on Amazon’s plea
NEW DELHI: The Delhi High Court Thursday upheld the Singapore’s Emergency Arbitrator’s (EA) order restraining Future Retail Ltd (FRL) 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-commence giant Amazon. Justice J R Midha directed Kishore Biyani-led FRL not to take further […]