Portfolio inflows boost India's forex reserves by over $8 bn

Mumbai (IANS) Healthy portfolio, as well as general FDI capital inflows, further boosted India's foreign exchange reserves by $8.895 billion during the week ended September 3.

The portfolio equity capital was attracted to India on the prospects…

Amrapali homebuyers, including M.S. Dhoni, asked to clear outstanding dues within 15 days

New Delhi (IANS) Over 1,800 home buyers of Amrapali housing projects in Noida, including former Indian cricket captain Mahendra Singh Dhoni, have been asked by the Supreme Court-appointed receiver to fill their data on his website and begin clearing…

India's July industrial production rises over 11% YoY

New Delhi (IANS) Low base effect, along with rising demand pushed India's industrial output higher by 11.50 per cent, on a year-on-year basis.

The Index of Industrial Production (IIP) for July rose by over 11 per cent from a decline of…

SC upholds arbitral award in favour of Reliance Infrastructure Ltd

New Delhi (IANS) In a major victory, Reliance Infrastructure Ltd. on Thursday won a four-year battle for control of money from an arbitration award, as the Supreme Court upheld an arbitral award which went in its favour.

A bench headed by justice…

Gold ETFs witness net outflow in August

New Delhi (IANS) Gold-backed exchange traded funds (ETF) experienced net outflows in August of 22.4 tonnes, as North American outflows outweighed inflows into European and Asian funds, the World Gold Council (WGC) said.

In a report, the WGC…

Cabinet approves Rs 10,683 Cr PLI scheme for textiles

New Delhi (IANS) The Union Cabinet on Wednesday approved the much-anticipated production linked incentive (PLI) scheme for the textiles sector.

Under the scheme incentives worth Rs 10,683 crore will be provided over five years.

According…

Sensex pares losses to hit new high; HDFC, RIL shares rise

Mumbai (IANS) The key Indian equity indices pared their losses to touch new all-time high levels on Tuesday afternoon.

BSE Sensex hit a record high of 58,553.07 points, and the Nifty50 on the National Stock Exchange recorded a fresh high of…

CBDT allows taxpayers another opportunity to file application for tax settlement

New Delhi (IANS) In order to provide relief to the taxpayers, the Central Board of Direct Taxes (CBDT) has permitted filing of tax settlement applications for period upto January 31, by September 30.

It has been decided that such application…

SII paid Rs 3,000 cr for 50% stake in SCHOTT Kaisha

New Delhi (IANS) The Serum Institute of India (SII) paid Rs 3,000 crore for a 50 per cent stake in the Indian joint venture SCHOTT Kaisha from former co-owners Kairus Dadachanji and Shapoor Mistry.

IANS has learnt that of the Rs 3,000 crore,…

India's July-Sep GDP growth seen at 7-8%

Mumbai (IANS) The growth rate of India's GDP for the July-September quarter is likely to remain in the range of 7-8 per cent.

In the first quarter of financial year 2021-22, India's GDP witnessed a growth of 20.1 per cent compared to…