Cars, SUVs turn costlier amid rising demand in festive season

New Delhi (IANS) Consumers will have to shell out more as automobile manufacturers have hiked prices of hot-selling cars and SUVs from October 1 amid rising demand in the festive season.

Mahindra & Mahindra has raised the prices of its Thar,…

RBI-MPC’s decision on repo rate may be unanimous but not on the stance: Economists

Chennai (IANS) While there will be unanimity on not changing the repo rate from the current 6.5 per cent, there will be divergence within the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) as to the stance, said senior economists.

Adani commissions first 400 KV grid in Mumbai, to boost power supply by 1000 MW

Mumbai (IANS) In order to address the growing needs of power for the country’s commercial capital, the Adani Energy Solutions Ltd (AESL) has commissioned Mumbai’s first 400-KV grid line, an official said here on Monday.

The new line, of Kharghar…

RBI extends deadline for returning Rs 2,000 notes to Oct 7

Mumbai (IANS) The RBI on Saturday extended the deadline for the public to exchange or deposit Rs 2,000 currency notes at bank branches till October 7.

The earlier deadline for returning Rs 2,000 notes was scheduled to expire on September 30.

GST collections rise 2.2% to stand at Rs 1,62,712 crore in September

New Delhi (IANS) The gross GST revenue for September rose 2.2 per cent to Rs 1,62,712 crore from Rs 1,59,069 crore in August.

Out of the Rs 1,62,712 crore GST collections for September, CGST was Rs 29,818 crore, SGST was Rs 37,657 crore, IGST…

PE-VC investments decline 15% to $6 billion in Q3'23

New Delhi (IANS) Private Equity-Venture Capital (PE-VC) funds invested $6 billion (across 139 deals) in India-based companies during the quarter ended September 2023 (Q3'23), shows data from Venture Intelligence, a research service focused on…

Hindustan Zinc proposes to create separate entities as part of restructuring

New Delhi (IANS) The Board of Directors of Hindustan Zinc have decided that considering the scale, nature, and potential opportunities for various business verticals of the Company, the Company should undertake a comprehensive review of its corporate…

Air India acquires first Airbus A350-900 through finance lease

New Delhi (IANS) Air India on Friday said that it has acquired India’s first Airbus A350-900 aircraft through a finance lease transaction with HSBC.

According to airline officials, the transaction makes Air India the first scheduled carrier…

Nifty faces profit booking after strong start

New Delhi (IANS) On the first day of the October series, Indian markets started strong and continued to build on the gains through the session, barring the last 45 minutes of trade, where Nifty witnessed minor profit booking and fell more than 100…

JioAirFiber could unlock a US$7-10bn revenue opportunity: Jefferies

New Delhi (IANS) JioAirFiber could unlock a US$7-10 billion revenue opportunity as it could spur broadband adoption among 85 million Pay-TV homes that do not have internet access today, according to a report by foreign brokerage Jefferies.

The…