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

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…

Froth accumulating in small cap stocks segment: Analysts

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…

Investors will have faster cash in hand as SEBI plans one hour trade settlement

New Delhi (IANS) Investors will get faster settlement and they will have faster cash in hand with SEBI's plan of one-hour trade settlement, said A Balakrishnan, Executive Director of Geojit Financial Services.

"We do not see any impediment…

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

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…

Ather Energy raises Rs 900 cr from Hero MotoCorp, GIC

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…

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…

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…

Soonicorn Ventures launches Rs 250 cr fund to nurture early-stage Indian startups

New Delhi (IANS) Investment technology platform Soonicorn Ventures (SV) on Tuesday said it has received regulatory approval from the Securities and Exchange Board of India (SEBI) to introduce an Angel Fund worth Rs 250 crore.

The Category-I…

Inventory levels of passenger vehicles at alarming levels, exceeding 60-day supply first time

New Delhi, (IANS) It is alarming that inventory levels of passenger vehicles have exceeded a 60-day supply for the first time, even before the onset of the Navratri-Diwali festivities -- a trend that necessitates vigilant monitoring by PV OEMs, says…

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…