Forex reserves rise to USD 631.953 billion
NEW DELHI: The country’s foreign exchange reserves increased by USD 2.198 billion to USD 631.953 billion in the week ended February 4, RBI data showed. In the previous week ended January 28, the reserves had declined by USD 4.531 billion to USD 629.755 billion. It touched a lifetime high of USD 642.453 billion in the […]
Industrial production grows 0.4 per cent in December
NEW DELHI: India’s industrial production rose by 0.4 per cent in December 2021, according to official data released on Friday. According to the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector’s output contracted by 0.1 per cent in December 2021. In December 2021, the mining output climbed 2.6 […]
Hero Electric ties up with State Bank of India for retail finance
NEW DELHI: Hero Electric on Friday said it has tied up with State Bank of India (SBI) for retail finance for its customers. The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement. “There is strong demand for […]
‘As $35 billion flows into start-ups, total deals soar 40% to $115 billion in 2021’
NEW DELHI: Led by a 50 per cent jump in private equity funding to an all-time of over USD 66 billion, the overall deal activity soared nearly 40 per cent to reach about USD 115 billion in 2021 across 2,064 transactions, according to a report that expects the momentum to continue this year. The Deal […]
Jindal Steel and Power, Hindalco bag coal mines in Odisha in auction
NEW DELHI: The second and third days of auction of coal blocks for commercial use saw Jindal Steel and Power bagging Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state. While BS Ispat Ltd emerged as the highest bidder for Majra mine in Maharashtra, Assam […]
N Chandrasekaran reappointed Tata Sons chairman
NEW DELHI: N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons – the holding company of the salt-to-software Tata Group – for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the […]