'Better not to hear luxury litigation', SC rejects Amazon plea to submit written submission in Future case

New Delhi (IANS) The Supreme Court on Tuesday, pointing at the tactics adopted to drag the litigation, told the Amazon counsel that if it is trying to undermine the understanding of the top court in connection with its arguments and rejected its request…

Indian equities extend losses

New Delhi (IANS) India's key benchmark equity indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses from the previous week and traded marginally in the red during early trade on Monday.

At 9.38 a.m., Sensex traded at 58,508…

FII selling ahead of MPC meet dents equities; banking stocks down

Mumbai (IANS) Continuous selling by FIIs ahead of the Reserve Bank of India's MPC meet dragged India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- deep in the red on Monday.

The FIIs pumped out Rs 1,157.23 crore from the…

Frontloading infra spend could bring faster growth: Crisil

New Delhi (IANS) India's Union Budget FY23's investment led push in infra sector is expected to usher in faster economic growth, ratings agency Crisil said.

The majority of Budget 2022-23 massive Capex outlay -- Rs 7.50 lakh crore --…

Equity settles low; Nifty realty, PSU bank, media, auto in red

New Delhi (IANS) India's key benchmark equity indices -- S&P BSE Sensex and NSE Nifty50 -- settled marginally in the red on Friday due to continued profit booking after the recent rally.

Also, subdued global cues weighed on the broader…

IndiGo's Q3FY22 net profit up over Rs 129 cr, Rahul Bhatia appointed MD

New Delhi (IANS) Airline major IndiGo on Friday reported a net profit of Rs 129.8 crore on a year-on-year basis in Q3FY22.

The airline had posted a net loss of Rs 620.1 crore in the year-ago quarter.

Its total income for the quarter…

400 Vande Bharat trains: Rs 40,000 Cr business opportunity and jobs

Chennai (IANS) Rolling out 400 Vande Bharat Express trains is about Rs 40,000 crore of business coupled with jobs and other spin-off benefits, said senior officials --present and past -- of Indian Railways

Presenting the Union Budget for 2022-23,…

Govt capital spending at 18-year high

New Delhi (IANS) The Budget is pegging capital spending growth of 24.5 per cent year on year in F23, which will push the ratio of Central government capital spending to GDP to an 18-year high of 2.9 per cent, Morgan Stanley said in a note.

"We…

India to get its own digital currency by RBI next year: FM

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Tuesday announced the launch of India's own digital currency by the RBI next year that will be based on Blockchain technology, while the much-expected Cryptocurrency Bill is yet to…

RBI to take up repo rate hikes from April with a cumulative rise of 150bps in FY23

New Delhi (IANS) The focus of the Union Budget 2022 is likely to be on investment-driven growth with a focus on infrastructure investment to generate multiplier effects to spur economic growth.

Morgan Stanley said in a report the focus will…