FirstCry refiles papers for IPO to raise Rs 1,816 crore

New Delhi (IANS) Mother and child care e-commerce platform FirstCry has refiled its draft red herring prospectus (DRHP) for an initial public offer (IPO) with the Securities and Exchange Board of India (SEBI), to raise Rs 1,816 crore via fresh issue…

Indian Oil posts 52 pc dip in Q4 net profit amid sharp rise in crude oil cost

New Delhi (IANS) Indian Oil Corporation Limited (IOCL) on Tuesday reported a 52 per cent decline in consolidated net profit at Rs 4,837 crore for the January-March quarter.

The public sector oil giant registered a net profit of Rs 10,059 crore…

Sensex gains 500 points led by banks

New Delhi (IANS) BSE Sensex gained 500 points on Monday led by banking stocks.

Sensex was trading at 74,248 points, up by 518 points. ICICI Bank and IndusInd Bank were up more than 2 per cent in trade while Kotak Mahindra and Axis Bank were…

Govt to auction another 20 critical mineral blocks soon

New Delhi (IANS) The government plans to put up another 20-odd critical mineral blocks for auction in the next round by the end of June, Secretary of the Ministry of Mines VL Kantha Rao said on Monday.

He also said that the result of the auction…

Markets to consolidate in near term

New Delhi (IANS) Markets are expected to consolidate in the near term as investors focus on Q4 earnings season.

“We expect a consolidation in the near term, leading investors to seek refuge in bonds and gold,” says Vinod Nair, Head of Research,…

Elon Musk visits China, likely to promote Tesla's driverless tech: Report

New Delhi (IANS) Tesla CEO Elon Musk has made an "unannounced and surprising" visit to Beijing, according to a media report on Sunday.

Musk's visit has raised hopes for bringing Tesla's autopilot and supervised full self-driving (FSD)…

Foreign e-commerce players circumventing rules to capture Indian market: CAIT

New Delhi (IANS) Foreign e-commerce players like Amazon and Walmart-owned Flipkart are circumventing rules and laws in their relentless pursuit of capturing the Indian market, often resorting to unethical business practices, Praveen Khandelwal, Secretary…

US awards $13.6 billion to Micron which has a chip plant in progress in India

Washington (IANS) The US government has announced a plan to award Micron Technology up to $6.14 billion in grants and $7.5 billion in loans to support the US chipmaker's plan to build new factories, as it strives to bolster domestic semiconductor…

India's forex reserves dip by $2.83 billion to $640.3 billion

Mumbai (IANS) India's forex reserves contracted by $2.83 billion to $640.33 billion as of April 19, the latest data released by the RBI on Friday showed.

The country's forex kitty had declined by $5.4 billion to $643.16 billion in the…

Will make India our global export hub: Hyundai Motor chief

New Delhi/Seoul (IANS) The chief of Hyundai Motor Group recently visited India and laid out a vision to bolster its operations there to utilise the country as a key export hub for the South Korean automaker, the group said on Thursday.

Over…