Samsung set to become top premium player in India with S22 series

New Delhi (IANS) Samsung India on Wednesday said that it has received 1,4 lakh pre-bookings for its newly-launched Galaxy S22 series in the country to date, as the company aims to make its premium flagships more accessible to the aspirational users…

SpiceJet, Indigo shares fly as Centre allows scheduled int'l flights

New Delhi (IANS) Shares of Spicejet and Interglobe Aviation – which operates airline Indigo – rose sharply on Wednesday after the Centre's announcement to lift the ban on scheduled international flights.

India will allow resumption of scheduled…

APSEZ and IOC to build on relationship at Mundra Port

Ahmedabad (IANS) Adani Ports and Special Economic Zone Ltd (APSEZ) has signed an agreement with Indian Oil Corp Ltd (IOCL) towards augmentation of IOC's crude oil volumes at Mundra.

IOCL shall expand its existing Crude Oil Tank Farm at…

Integrity of Budget numbers under threat as oil prices spike

New Delhi (IANS) The integrity of the Budget numbers is under a threat and the much-hyped increase in capital expenditures may not materialise as much as it was hoped, says M. Govinda Rao, Chief Economic Adviser, Brickwork Ratings.

The basic…

NSE fraud: CBI gets 7 days custody of Chitra Ramkrishna

New Delhi (IANS) A Special CBI Court on Monday sent Chitra Ramkrishna, the ex MD and CEO of the National Stock Exchange (NSE), arrested by the Central Bureau of Investigation (CBI), to seven days custody.

Ramkrishna was placed under arrest…

Indian economy to incur additional $70bn burden in FY23 on rising crude prices

New Delhi (IANS) Indian economy is expected to incur an additional $70 billion burden (or 1.9 per cent of the country's GDP) in FY23 as compared to the current fiscal at an average crude price of $120 per barrel, said brokerage house Kotak Securities.

World food prices in Feb at all-time high

New Delhi (IANS) The benchmark gauge for world food prices went up in February, reaching an all-time high, led by vegetable oils and dairy products, the UN's Food and Agriculture Organization (FAO) said.

The FAO Food Price Index averaged…

Telecom industry to witness healthy revenue growth in FY23

New Delhi (IANS) Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry's revenue growth in FY23.

The sector has been saddled with debt due to complications such as the 'Adjusted Gross Revenue'…

India's FY23 footwear industry growth expected between 8-to-10%

New Delhi (IANS) India's footwear industry is expected to reach the pre-pandemic levels with a revenue growth of 8-to-10 per cent year-on-year in FY23.

However, domestic footwear players are likely to witness a muted performance in FY22…

Equity indices extend losses, Sensex down over 800 pts

New Delhi (IANS) India's key indices -- S&P BSE Sensex and NSE Nifty50 -- extended their losses and fell sharply in the opening session on Friday amid skyrocketing crude oil prices.

At 10.09 a.m., Sensex was 1.5 per cent or 818 points down…