Interglobe Aviation Q1 net at Rs 3,087 crore, to invest in startups

Chennai (IANS) Interglobe Aviation Ltd, which owns Indigo Airlines, on Wednesday announced that it will be floating a Limited Liability Partnership to invest in startups.

The company also said it closed the first quarter of 2023-24 with a net…

Market rally is stretching valuations beyond comfort levels, say analysts

New Delhi (IANS) The Sensex is now trading at 25 times trailing one-year earnings. It is important to note that the rally is driven by PE expansion, not commensurate earnings growth, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial…

Hero Motocorp stock slumps after ED searches at Pawan Munjal’s residence

New Delhi (IANS) Hero Motocorp share price slumped more than 4 per cent after the Enforcement Directorate carried out searches at the residence of company Chairman Pawan Munjal.

Hero Motocorp share was trading at Rs 3,066, down 4.3 per cent…

Aiming over 50% share in super-premium Indian market with new foldables: Samsung's TM Roh

New Delhi (IANS) India is one of the fastest growing and the largest mobile markets in the world and Samsung now aims to reach over 50 per cent market share in the country in the super-premium ($1,000 and above) segment, the company’s mobile chief…

RBI won't revise repo rate, decision to be unanimous: Economists

Chennai (IANS) Despite food inflation and existence of continued geo-political and climate risks, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) will not change the interest rate from the current 6.5 per cent, economists have saif.

Foxconn to set up mobile component facility in TN investing Rs 1,600cr

Chennai (IANS) Taiwanese electronics major Hon Hai Technology Group or Foxconn will be setting up a mobile phone component manufacturing facility in Tamil Nadu's Kancheepuram district at an outlay of Rs 1,600 crore.

An agreement to this…

States cling to clunkers, few execute junked vehicles disposal policy

Mumbai (IANS) Over two years after the Centre announced its Vehicles Scrappage Policy 2021 (VSP) with fanfare, a lot of ground needs to be covered in most states to implement it fully for the benefit of environment, employment and, revenue, say officials…

In 6 years of GST regime, Rs 27,426 crore of tax evasion detected, only Rs 922 crore recovered

New Delhi (IANS) In six years since the introduction of the Goods and Services Tax (GST), the government has detected 5,070 fraud cases of GST registration misusing PAN and Aadhaar details of people to claim input tax credit (ITC).

These 5,000-odd…

Foreign portfolio investments fell sharply to (-) Rs 40,936 cr in 2022-23 from Rs 2,67,100 cr in 2020-21

New Delhi (IANS) Foreign portfolio investment (FPI) in India fell to (-) Rs 40,936 crore in 2022-23, a sharp decline from a healthy Rs 2,67,100 crore inflows recorded in 2020-21.

In fact, if the FPI inflows for the last three years are any…

Momentum of FPI buying slows down

New Delhi (IANS) It appears that the momentum of buying has slowed down and FPIs have turned sellers during the last two trading days, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

FPI’s sustained buying continues…