LIC files DRHP, intends to list 5% equity via IPO

New Delhi (IANS) The Life Insurance Corporation of India on Sunday filed the Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI.

The insurer is looking to sell the Centre's five per cent equity stake in the company…

Vizag Steel Plant workers intensify protest against privatisation

Visakhapatnam (IANS) Employees of the Visakhapatnam Steel Plant (VSP) on Sunday organised 'jail bharo' programme to mark one year of their protest against proposed privatisation.

Demanding that the Central government take back its decision…

India-based startups raised $39 bn in 2021; mortality rate down to 1%

New Delhi (IANS) India-based startups raise $39 billion capital in 2021, said Grant Thornton Bharat.

The report on the democratisation of India's startup ecosystem showed a total funding of $39 billion, a rise of 255 per cent from $11.8…

Tata Sons Board renews Chandrasekaran's term as Executive Chairman

Mumbai, (IANS) The Board of Tata Sons on Friday approved the reappointment of N. Chandrasekaran as the Executive Chairman for the next five years.

The decision took place during a board meeting held on Friday.

Accordingly, the Board…

Airtel internet services suffer outage, firm says 'technical glitch'

New Delhi (IANS) Bharti Airtel broadband services experienced a mega outage on Friday as millions of students and workers across the country, including Delhi and Mumbai, were left without Internet amid ongoing online classes and work meetings for…

Textile demand momentum to continue in FY23: Ind-Ra

New Delhi (IANS) Reduction in impact of Covid-19's third wave, as well as accelerated re-opening activities, will boost textile demand in FY23, said India Ratings and Research (Ind-Ra).

The ratings agency cited that reduction in logistics…

RBI risks falling behind the curve with a dovish stance continuing

New Delhi (IANS) A continued dovish stance by the Reserve Bank of India (RBI) risks the central bank falling behind the curve.

Axis Mutual Fund said the call to maintain the status quo by the RBI continues to surprise market participants. In…

RBI projects India's FY23 retail inflation at 4.5%

Mumbai (IANS) India's FY23 retail inflation is projected at 4.5 per cent, said Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday.

Besides, inflation projection for 2021-22 is retained at 5.3 per cent, with Q4FY22 at 5.7 per…

TigerGraph's million-dollar challenge to inspire innovative uses of graph

New Delhi (IANS) US-based Graph analytics platform TigerGraph on Wednesday launched "Graph for All Million Dollar Challenge" -- a global competition that will search for innovative ways to harness the power of graph technology and machine learning…

'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…