IDBI Bank up by 8% as divestment picks up

New Delhi (IANS) IDBI Bank shares were up by more than 8 per cent in trade on Tuesday as the divestment process picked up the pace.

IDBI Bank shares were up 8 per cent at Rs 70.28 on BSE.

Vaibhav Vidwani, Research Analyst, Bonanza Portfolio…

Domestic sugar prices rise 3% to 6-yr high owing to poor rains

New Delhi (IANS) Domestic sugar prices have risen by 3 per cent in the last 15 days to their highest levels in six years, according to industry sources.

Owing to shortfall in rains in the sugarcane growing regions, the prices have risen even…

Indian edtech funding dips 48%, no new unicorn to date this year

New Delhi (IANS) Total funding in the Indian edtech sector plunged 48 per cent this year, compared with the same period in 2022, and declined by 50 per cent against the same period in 2021, a report showed on Monday.

Only one over $100 million…

India's power consumption rose 16% to 151 billion units in August

New Delhi (IANS) India's power consumption went up by over 16 per cent to 151.66 billion units (BU) in August this year, against the corresponding period of last year.

The spike in power consumption was mainly due to excess usage of appliances…

Will markets continue to rally

New Delhi (IANS) Markets continued their volatile movements and before trading commenced on Friday, the last day of the week, they were marginally negative on a weekly basis. Positive GDP numbers combined with the start of the new month futures of…

CCI grants approval for merger of Vistara and Air India

New Delhi (IANS) The Competition Commission of India (CCI) granted approval on Friday for the merger between Tata Group's airlines - Vistara and Air India.

This significant development opens the door for Air India to potentially become…

ED to court: Naresh Goyal diverted bank monies to clear personal loans

Mumbai, Sep 2 (IANS) The Enforcement Directorate (ED) has contended that Jet Airways founder Naresh Goyal -- who was arrested late on Friday -- had allegedly diverted around Rs 9.50 crore from a public sector bank loan to clear off his private loans.

GDP growth will likely moderate in the quarters ahead

New Delhi (IANS) Going ahead, GDP growth will likely moderate in the quarters ahead, Emkay Global Financial Services said in a report.

Falling income growth in the urban sector, shrinking corporate profitability, fading momentum in (front-loaded)…

GST revenue likely to be 11% higher in August on year-on-year basis, says revenue secretary

New Delhi (IANS) Even as the goods and services tax collections figures for August 2023 are to be released on Friday, the Centre has said that GST revenues for the month have shown 11 per cent growth over August 2022.

Revenue secretary Sanjay…

Curious share transfer case involving Axis Bank, Max Financial referred to RBI, SEBI: IRDAI

Chennai (IANS) Indian insurance regulator has referred the curious case of Axis Bank and two other group companies buying shares of Max Life Insurance Company Ltd at a very low rate from shareholders/promoters of the insurer and selling them back…