Videotex to invest Rs 100 cr, set up new LED TV facility in Gr Noida

New Delhi (IANS) Consumer electronics contract manufacturer Videotex International on Tuesday announced to invest over Rs 100 crore and set up a new LED TV manufacturing facility in Greater Noida that will create more jobs.

With this investment,…

Party time for Kohinoor Foods' investors as stocks up 130% in 1 month

New Delhi (IANS) It's party time for those investors who have bought shares in Kohinoor Foods over the past one month as they have more than doubled during the said period.

The shares of the company have been reportedly consistently hitting…

New e-com players not showing country of origin for all products in India

New Delhi (IANS) Only four in 10 consumers in India say that e-commerce platforms are displaying the country of origin information for all products, a new report revealed on Monday.

While most older, established e-commerce platforms now have…

GST Council mulling 28% tax on Bitcoin, other cryptocurrencies

New Delhi (IANS) In what could further dampen the mood of crypto investors in the country, the goods and services tax (GST) council is mulling a 28 per cent tax on cryptocurrencies, at par with the current GST on casinos, betting and lottery, multiple…

Rupee hits all-time low against US dollar, more depreciation likely

New Delhi (IANS) The Indian rupee extended its losses and touched an all-time low of 77.42 against the US dollar in early trade on Monday.

The Indian currency is weighed by the strength of the American currency in the overseas market and continued…

RBI rate hike a surprise as it came between 2 review meetings: Sitharaman

New Delhi (IANS) The Reserve Bank of India's (RBI) move to raise the policy rate is part of a synchronised action by the central banks, Union Finance Minister Nirmala Sitharaman has said, adding that it came as a surprise only because it was done…

Reliance FY22 revenue up 47%, net profit up 26%, announces Rs 8 dividend

New Delhi (IANS) Reliance Industries' annual consolidated revenue for FY22 stood at Rs 792,756 crore ($104.6 billion), up 47 per cent year on year.

The company's annual profit after tax neared the $10 billion mark, as it stood at Rs…

Stock markets in Asia, US tumble after biggest interest rate hike in 22 yrs

London (IANS) Stock markets in Asia and America have tumbled after the US Federal Reserve this week announced the biggest interest rate hike in 22 years.

The sell-off comes as worries intensified over how rising prices, and the Federal Reserve's…

Equity benchmarks close week in red on weak global cues

New Delhi (IANS) Continuing with the opening session losses, Indian equity benchmarks settled sharply lower on Friday, in line with the weakness in global markets.

Asian stocks fell over concerns that the US central bank and some other major…

'Indian plastic exports to grow to $25 billion by 2025'

New Delhi (IANS) Indian exports of plastics in 2019-20 were at $10 billion, and are expected to reach $25 billion by 2025, Plastindia Foundation President, Jigish Doshi said on Wednesday.

"The current business environment, bolstered by the…