PE major Advent International to buy 72.56% stake in Eureka Forbes

Mumbai (IANS) Private equity firm Advent International will buy a controlling stake of 72.56 per cent in Eureka Forbes for approximately Rs 4,400 crore, it's parent Shapoorji Pallonji Group (SPG) has said.

Eureka Forbes is a household name…

A greater India is visibly an India for Indians: Gautam Adani

New Delhi (IANS) Gautam Adani, the Chairman of the Adani Group, on Monday coined the slogan "A greater India is visibly an India for Indians" as the country embarks on a journey of growth.

Adani was speaking at Priyadarshni Academy's 37th…

Fuel prices stable for fortnight amidst volatility in global oil market

New Delhi (IANS) Auto fuel prices in the country have maintained stability amidst volatility in global oil prices with crude on the rise again.

The oil marketing companies (OMCs) on Sunday kept pump prices of auto fuels petrol and diesel unchanged,…

US official privately criticised RBI ban on Mastercard

New Delhi (IANS) A senior US trade official privately criticised India's July decision to ban Mastercard Inc from issuing new cards, calling it a "draconian" move that caused "panic", a global news wire reported.

The documents show frustration…

Vi claims to record top 5G speed of 3.7 gbps in its ongoing trials

Mumbai (IANS) Telecom operator, Vodafone Idea Ltd (VIL) on Sunday claimed that it has achieved peak speed in excess of 3.7 Gbps with very low latency on the mmWave spectrum band in its 5G trials.

The company is conducting 5G trials on government…

GST Council rejigs some rates, extends cess levy, petroleum still out

Lucknow (IANS) The GST Council on Friday decided to provide relief on Covid-related items by extending the concessional rate of duty on medicines for it up to December 31, 2021, while taking no decision on bringing petroleum products under its ambit,…

Cryptocurrency Hyper Fund under govt scanner (IANS Investigation)

New Delhi (IANS) The government is keeping a close eye on cryptocurrency floating in the market based out of the country folowing alert that agencies responsible to check financial fraud are watching a company called Hyper Fund.

Sources said…

Ford India owes Rs 602 cr as deferred sales tax liability

Chennai (IANS) The US automobile major Ford Motor Company that had announced the closure of manufacturing facilities in Tamil Nadu and in Gujarat owes about Rs 602.3 crore as deferred sales tax liability, as per a research report.

Ford Motor…

OMCs hold petrol, diesel price revision even as global crude rates rise

New Delhi (IANS) Auto fuel prices in the country have maintained stability amid volatility in global oil prices with crude on the boil again, rising sharply for the past few days.

The oil marketing companies (OMCs) on Thursday kept pump prices…

PFC issues India's first-ever Euro Green Bonds

New Delhi (IANS) Power sector financier Power Finance Corporation Ltd has issued its maiden Euro 300 million 7 year Euro Bond issuance on September 13.

The pricing of 1.841 per cent achieved is the lowest yield locked in by an Indian Issuer…