Equities marginally down in early trade on profit booking

New Delhi (IANS) The 30-scrip Sensitive Index (Sensex) fell marginally in early trade on Thursday due to profit booking after Wednesday's sharp jump.

At 10.00 a.m. the S&P BSE Sensex traded at 58,581 points, down 0.13 per cent.

It…

Samsung busts counterfeit TV racket in Delhi

New Delhi (IANS) Markets across NCT of New Delhi were raided by Samsung in furtherance to court orders, which unearthed a shockingly large racket of the sale of fake, counterfeit and unauthorized ‘SAMSUNG LED TVs in the markets of the national capital.

Reliance Commercial Finance resolution approved by over 99?benture holders

New Delhi (IANS) Non-banking finance company Authum Investment and Infrastructure's resolution plan has been voted with an overwhelming majority of over 99 per cent by the debenture holders of Reliance Commercial Finance Ltd.

The plan,…

RBI keeps lending rates intact, remains accommodative

Mumbai (IANS) To support a durable as well as lasting economic recovery amid concerns over the Omicron variant of the coronavirus, the Reserve Bank of India on Wednesday retained its key lending rates along with the growth-oriented accommodative stance…

RBI maintains India's FY22 GDP growth projection at 9.5%

Mumbai (IANS) The Reserve Bank of India (RBI) on Wednesday maintained India's GDP growth projection for the current financial year to 9.5 per cent on accelerated economic recovery along with pent-up demand.

Accordingly, GDP is expected…

Coal shortage cripples non-power sector as supplies to power sector prioritised

New Delhi (IANS) Federation of Indian Chambers of Commerce and Industry (FICCI) state council, in its recent letter to the Ministry of Coal, has addressed the issue of the proposed increase in coal rakes for power sector that in turn will deprive…

Used car platform Spinny raises $283 mn, becomes new unicorn

New Delhi (IANS) Used car retailing platform Spinny on Tuesday announced the closure of a $283 million funding from new and existing investors, taking its valuation to $1.8 billion and becoming another unicorn in 2021.

The company said the…

Indian stainless steel sector drowning in Chinese imports

New Delhi (IANS) The first half of 2021-22 has seen a 185 per cent increase in stainless steel imports compared to the average monthly imports in the last fiscal, creating havoc for the Indian players.

The import tide of stainless steel from…

upGrad to acquire edtech rival Talentedge for nearly Rs 400 Cr

Mumbai (IANS) Leading online higher education company upGrad on Monday announced it has acquired Gurugram-based edtech rival Talentedge. According to reliable sources, the acquisition is valued somewhere between Rs 350-Rs 400 crore.

Talentedge,…

Prevent dumping of toxic wastes in India: FM to DRI

New Delhi (IANS) Union Finance Minister Nirmala Sitharaman on Saturday asked the Directorate of Revenue Intelligence (DRI) to prevent dumping of toxic wastes in India.

Speaking at an event to celebrate DRI's 64th foundation day, Sitharaman…