Gangwal family raising $450m through block deal in Interglobe Aviation

New Delhi (IANS) The Gangwal family of Interglobe Aviation is reportedly raising $450 million or around Rs 3,735 crore via a block trade in the ongoing stake reduction exercise of the co-founder of Indigo Airlines, Rakesh Gangwal, as per media reports.

Foxconn to establish industrial parks, optimise business in India: Chairman

New Delhi (IANS) Hon Hai Technology Group (Foxconn) said on Monday it will plan to establish industrial parks and optimise the business environment in India in terms of infrastructure, policies and laws.

Foxconn Chairman Young Liu said that…

WPI inflation rises to three month high of -1.36% in July

New Delhi (IANS) India's wholesale price index (WPI) based inflation for July rose to a three-month high of -1.36 per cent from -4.12 per cent in June, mainly due to decline in prices of mineral oils, basic metals, chemical & chemical products,…

Lacklustre two-sided moves to dominate trading in truncated week

New Delhi (IANS) Markets in the week gone by were choppy and volatile. They gained on two of the five trading sessions and lost on three. Mount 20K on NIFTY is looking like an uphill task and markets are just not able to gather enough steam to put…

New rules under data protection law must empower Big Tech users: Experts

New Delhi (IANS) As President Droupadi Murmu gave her assent to the Digital Personal Data Protection (DPDP) Bill 2023, experts on Saturday said that upcoming rules under the new law will empower Indian users about how Big Tech can or cannot use their…

Sensex down more than 300 points

New Delhi (IANS) The indication from the Reserve Bank of India (RBI) is that a rate cut can be expected only in Q1 of FY 25 and this will be a headwind for the market, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Parliament amends GST laws: 28% levy on online gaming, horse racing & gambling from Oct 1

New Delhi, (IANS) Parliament on Friday passed the amendments in the Central GST as well as Integrated GST legislations to allow 28 per cent levy on full face value of bets placed in casinos, horse racing and online gaming.

The Lok Sabha passed…

Redmi 12 5G becomes highest-selling smartphone on 1st day of sale on Amazon India

New Delhi (IANS) Global technology brand Xiaomi on Friday announced that the Redmi 12 5G emerged as the highest-selling 5G smartphone on Amazon basis volume in 2023 since its global debut in India last week.

Since going on sale, the Redmi 12…

IIP growth falls to 3.7% in June

New Delhi, (IANS) The index of industrial production (IIP) in India fell to 3.7 per cent in June from the three-month high of 5.2 per cent in May 2023 mainly due to poor rise in manufacturing output, which rose by 3 per cent compared to 5.8 per cent…

LIC posts Rs 9,543.71 crore PAT in Q1, NPA goes downLIC posts Rs 9,543.71 crore PAT in Q1, NPA goes down

Chennai, (IANS) Asian life insurance major Life Insurance Corporation of India (LIC) on Thursday said it closed the first quarter of FY24 with a higher net profit of Rs 9,543.71 crore.

In a regulatory filing, LIC said for the first quarter…