India sees 58% surge in deal values driven by big-ticket transactions

New Delhi (IANS) India saw 95 deals amounting to $3.1 billion in the month of July, a 58 per cent increase in value terms (year-on-year), a report showed on Friday.

July saw deal volumes up by 46 per cent (YoY) compared to the same period in…

Sensex falls below 65K mark

New Delhi (IANS) BSE Sensex has fallen below the 65,000 points mark and is trading down 291 points on Friday morning.

BSE Sensex is trading at 64,859 points. IT stocks are leading the fall with TCS, Wipro, Tech Mahindra, Infosys down more than…

Rupee at 10-month low adds to selling pressure in stock market

New Delhi (IANS) Adding to the negative sentiment in stock markets, the rupee depreciated to near a 10-month low at 83.14, while the FII outflow of almost of Rs 10,000 crore in August so far also led to selling at higher levels, said Siddhartha Khemka,…

RBI launches website to help locate unclaimed deposits across multiple banks

New Delhi (IANS) Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday launched a centralised web portal UDGAM (Unclaimed Deposits - Gateway to Access inforMation), which would make it easier for people to search for their unclaimed deposits…

DGCA approves IndiGo's New Delhi-Tashkent flight operations

New Delhi (IANS) The Directorate General of Civil Aviation (DGCA) on Thursday approved IndiGo's flight operations from New Delhi to Uzbekistan's capital Tashkent from September 6, a senior official of the aviation regulator said.

 The…

Apple to export ‘Make in India’ iPhone 15 faster than ever, production to begin

New Delhi (IANS) In another push to its India manufacturing dream, Apple maker Foxconn is all geared up to start the local production of the next-generation of iPhone 15 at its Sriperumbudur facility near Tamil Nadu faster than ever, as the company…

Indian banks' operating environment stronger, but structural issues continue to affect: Fitch Ratings

Chennai (IANS) The operating environment (OE) for Indian banks has strengthened as economic risks associated with the Covid-19 pandemic have ebbed, Fitch Ratings said in a report on Wednesday.

Fitch also said other structural issues like lengthy…

BSE seeks clarification on spurt in volume from Garden Reach Shipbuilders

New Delhi (IANS) The BSE on Wednesday sought a clarification from Garden Reach Shipbuilders & Engineers Ltd with reference to movement in volume.

The company in its reply to BSE said: “We would like to submit that the Company is regularly intimating…

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.

Domestic air passenger traffic volume surged around 25%: DGCA data

New Delhi (IANS) Aviation watchdog Directorate General of Civil Aviation (DGCA) said on Monday that India's domestic air passenger traffic volume surged around 25 per cent so far this year as compared to last year.

According to data released…