No economic logic now for diesel cars: Maruti Suzuki

New Delhi (IANS) With parity between the prices of petrol and diesel, there is no economic logic for buying diesel cars as with the same running cost, the acquisition cost differential is very high.

In an interview with IANS, Shashank Srivastava,…

UltraTech arm to sell entire stake in Chinese cement firm

Mumbai (IANS) Krishna Holdings, a subsidiary of UltraTech Nathdwara Cement, will sell its entire 92.5 per cent stake in China's Shandong Binani Rongan Cement for around $129 million.

UltraTech Nathdwara Cement is a subsidiary of the UltraTech…

Sensex well above 36,000 mark, RIL hits record high

Mumbai (IANS) The key Indian equity indices rose on Monday with the BSE Sensex gaining over 370 points to trade well above the 36,000 mark,

The gains were in line with the positive trade in the Asian indices, analysts said.

Surge in…

Rs 90k cr package for discoms not enough, dues cross Rs 1 lakh cr

New Delhi (IANS) The Centre's Rs 90,000 crore liquidity window to financially stressed state discoms for clearing their mounting dues to power genreration companies may not be sufficient to clean up their books and clear all outstanding.

The…

Gold may cross Rs 52,000 per 10 grams by Diwali

New Delhi (IANS) The price of gold in the spot and futures markets remained soft for the fourth consecutive day on Monday, but during the corona period the fundamentals of the precious metal are strong due to which it may touch a new high later this…

DHFL defaults on Rs 50-cr NCD repayment, blames 'moratorium restrictions'

Mumbai (IANS) Bankrupt non-banking financial company (NBFC) DHFL has defaulted on the repayment of Rs 50 crore on secured non-convertible debentures (NCD) and has attributed its failure to repay the principal payment to the moratorium restrictions…

Sensex above 36,000 mark, Nifty at 10,600

Mumbai (IANS) The key Indian equity indices rose on Friday morning with the Sensex trading above the psychological mark of 36,000 points.

The Nifty50 on the National Stock Exchange (NSE) was also trading just above the 10,600 mark.

The…

CBI case against GVK chairman, son for siphoning off Rs 705

Mumbai (IANS) The CBI has registered a case against Gunupati Venkata Krishna Reddy, the Chairman of the GVK Group of Companies and his son G.V. Sanjay Reddy, Managing Director of Mumbai International Airport Ltd. among others for alleged irregularities…

Qatar Airways starts to reinstate 18 more destinations till July 15

New Delhi (IANS) Doha-based Qatar Airways has started to reinstate 18 more destinations worldwide from July 1-15.

Accordingly, by mid-July, the airline's network will expand to over 430 weekly flights servicing more than 65 destinations.

Global cues push equity markets higher; financials rise

Mumbai (IANS) Following Asian peers, the key indices of the Indian equity market made a gap-up opening and sustained their upward trajectory during the opening session on Thursday.

Accordingly, both the 30-scrip Sensitive Index (Sensex) of…