Signs of overheating in small cap stocks

New Delhi (IANS) There are signs of overheating in the small-cap space. Some leading mutual funds in the small-cap segment have stopped fresh lump sum investment in their schemes, says V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial…

28% GST to be levied on full value of online gaming, horse racing, casinos

New Delhi (IANS) In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.

Among other issues, the Council approved exemption of…

HP aims 75% circularity for products and packaging by 2030

New Delhi, (IANS) PC and Printer Major, HP, which recently launched its Sustainable Impact Report 2022, claims to design and innovate products and services that contribute to a more circular economy and reduce environmental impact.

In 2022,…

Foxconn working on application seeking incentives under India's semicon policy

New Delhi (IANS) Taiwanese manufacturing giant Foxconn on Tuesday said it is working on an application to access incentives under India's semiconductor manufacturing policy, a day after pulling out from its $19.5 billion joint venture with Vedanta.

Markets appear capped due to elevated valuation of Indian equities, increasing Fed rate estimate

New Delhi (IANS) Indian stock market appears to be capped in near term given elevated valuation and increasing US Federal Reserve rate estimate in CY24 due to hawkish US Fed commentary, sticky US core inflation with buoyant wage growth, Antique Stock…

Foxconn withdraws from JV for chip manufacture, Vedanta to go ahead

Bengaluru (IANS) In a major setback to Prime Minister Narendra Modi's plans of making India a chip-manufacturing hub, Taiwanese chip-making giant Foxconn on Monday announced that it has withdrawn from a joint venture with India-based industrial…

Expression of Interest sought for Go Airlines; will Wadia Group bid for it?

Chennai, (IANS) The Resolution Professional for Go Airlines (India) Ltd, Shailendra Ajmera, has called for Expression of Interest (EoI) for the private airlines.

The airline with Rs 4,183 crore revenue (for FY22) belonging to the Wadia Group…

Kal Airlines refutes claims of settlement talks with SpiceJet

New Delhi, Jun (IANS) Kal Airlines on Monday rejected the claims of SpiceJet to have reached a settlement through discussions with Kalanithi Maran and his firm.

The Kal airlines, in a statement, said that it has come to its knowledge that a…

Hyundai Exter SUV launched In India, prices start at Rs 6 lakh

Gurugram (IANS) Hyundai Motor India Ltd (HMIL) on Monday launched Hyundai Exter in what is billed as India’s most affordable SUV with introductory prices start from Rs 6 lakh and go up to Rs 10 lakh for the top-spec trim (all prices ex-showroom, India).

Deficient rainfall, lower sowing to push rice prices higher

New Delhi (IANS) Deficient rainfall, and consequently lower sowing, will push rice prices higher, Motilal Oswal Financial Services said in a report.

The report said that rising global rice prices would further push local prices up, adding that…