Business
India saw 18 new GCCs in 1st half this year, tier 2 cities gain prominence

India saw 18 new GCCs in 1st half this year, tier 2 cities gain prominence

08-09-2023  comments

New Delhi (IANS) India saw the establishment of 10 Global Capability Centres (GCCs) in the first half this year, with nearly 83 per cent of those catering to three functional areas of engineering R&D, IT and Business process management (BPM), a new…

India’s Natco Pharma sued in US

India’s Natco Pharma sued in US

08-09-2023  comments

Chennai (IANS) The Hyderabad-based pharmaceutical major Natco Pharma Ltd on Friday said the company and others have been named as defendants in a case filed in the US.

In a regulatory filing Natco Pharma said, the company along with Celgene…

RBI to discontinue incremental cash reserve ratio requirement for banks, funds to be released in phases

RBI to discontinue incremental cash reserve ratio requirement for banks, funds to be released in phases

08-09-2023  comments

New Delhi (IANS) The Reserve Bank of India (RBI) has decided to discontinue the requirement for scheduled banks to maintain an incremental cash reserve ratio (I-CRR) of 10 per cent on the increase in their net demand and time liabilities (NDTL).

Nifty at seven week high, just 172 points from life highs

Nifty at seven week high, just 172 points from life highs

08-09-2023  comments

New Delhi (IANS) Nifty closed higher for the sixth straight day with gains of 93 points (+0.5 per cent) at 19820 levels. Despite mixed global cues, index bounced back to seven week high and is just 172 points away from its life highs, says Siddhartha…

Froth accumulating in small cap stocks segment: Analysts

Froth accumulating in small cap stocks segment: Analysts

07-09-2023  comments

New Delhi (IANS) There is froth in the small-cap segment which is driven by momentum, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The market has turned excessively volatile responding to fast changing incoming…

Urban Indians look forward to Diwali but are cautious about non-essential spending

Urban Indians look forward to Diwali but are cautious about non-essential spending

07-09-2023  comments

New Delhi (IANS) A majority of urban Indians (52 per cent) claim they have been finding it difficult to meet their monthly expenses in the last three months, YouGov's Diwali Spending Index said.

Increase in the cost of living due to inflation…

Shipping and defence stocks see buying interest on order wins

Shipping and defence stocks see buying interest on order wins

07-09-2023  comments

New Delhi (IANS) Niche sectors like shipping and defence stocks continue to see buying interest on the back of large order wins and strong order book, Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services said on Thursday.

India removes additional duty on 12 US products ahead of Biden's visit

India removes additional duty on 12 US products ahead of Biden's visit

07-09-2023  comments

New Delhi (IANS) India has done away with additional duties on some American products like chickpeas, lentils, and apples, as US President Joe Biden is set to arrive on a three-day visit to India.

These additional duties were imposed in 2019…

Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC

Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC

06-09-2023  comments

New Delhi (IANS) Electric vehicle firm Ather Energy on Wednesday said it has raised Rs 900 crore from existing shareholders Hero MotoCorp and global investment firm GIC through a rights issue.

Ather Energy said it plans to use the funds for…

Govt may cut petrol, diesel price by Rs 3-5 a litre around Diwali

Govt may cut petrol, diesel price by Rs 3-5 a litre around Diwali

06-09-2023  comments

New Delhi (IANS) Following the recent cut in domestic LPG prices, the Central government may cut petrol, diesel price by Rs 3-5 a litre around Diwali given that key state elections start from November-December, JM Financial Institutional Securities…

Follow Us
Read Reporter Post ePaper
--Advertisement--
Weather & Air Quality across Jharkhand