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Equity indices rise, investors eye retail inflation, IIP data

Equity indices rise, investors eye retail inflation, IIP data

12-08-2021  comments

Mumbai (IANS) The Indian stock market rose on Thursday with the BSE Sensex rising over 160 points.

Healthy buying was witnessed in IT stocks.

Around 10.10 a.m., Sensex was trading at 54,690.70, higher by 164.77 points or 0.30 per cent…

Low base, rising demand accelerates June YoY industrial production

Low base, rising demand accelerates June YoY industrial production

12-08-2021  comments

New Delhi (IANS) Rising demand, along with low base effect, accelerated India's June industrial output on a year-on-year basis.

Wavering impact of Covid 2.0 and easing of travel restrictions triggered demand and subsequently the production…

Zomato's losses tripled since IPO, revenue up 28%

Zomato's losses tripled since IPO, revenue up 28%

11-08-2021  comments

New Delhi (IANS) Food delivery platform Zomato, which witnessed a bumper IPO last month, has reported a significant loss in the first quarter (Q1) of the current financial year. The company reported a net loss of $48 million in the June quarter, up…

ReNew Power to invest Rs 2,800 cr to acquire two assets

ReNew Power to invest Rs 2,800 cr to acquire two assets

11-08-2021  comments

Gurugram (IANS) In line with its strategy of organic and inorganic expansion, renewable energy major ReNew Power will acquire two assets with a combined enterprise value of Rs 2,850 crore ($384 million), which are expected to generate Rs 380-400 crore…

Sensex up 200 points, banking stocks rise

Sensex up 200 points, banking stocks rise

10-08-2021  comments

Mumbai (IANS) The key Indian equity indices traded on a positive note on Tuesday morning with the BSE Sensex rising over 200 points.

Healthy buying was witnessed in banking and finance stocks.

Around 10.05 a.m., Sensex was trading at…

Vehicle scrappage policy to boost metal recycling business: Report

Vehicle scrappage policy to boost metal recycling business: Report

10-08-2021  comments

New Delhi (IANS) The recently announced vehicle scrappage policy is likely to give a major boost to the metal recycling business, said Grant Thornton Bharat.

Accordingly, in a report, Grant Thornton Bharat said that the policy is likely to…

Exports to US getting costlier owing to clogged ports, higher freight: TPCI

Exports to US getting costlier owing to clogged ports, higher freight: TPCI

10-08-2021  comments

New Delhi (IANS) Exports to US getting costlier owing to clogging at ports along with increased container freight rates, the Trade Promotion Council of India (TPCI) said.

According to the Council, new records have been hit in container freight…

Digital transactions grow 80% in last 250 days: Report

Digital transactions grow 80% in last 250 days: Report

09-08-2021  comments

Bengaluru (IANS) Digital transactions have grown by 80 per cent in the last 250 days in India and the home services industry (such as carpentry, plumbing and more) has started to embrace digital payments, making transactions grow by a mighty 138 per…

IPO rush to continue this week, 4 cos aim to raise Rs 14K cr

IPO rush to continue this week, 4 cos aim to raise Rs 14K cr

09-08-2021  comments

Mumbai (IANS) The IPO boom in the Indian stock market is set to continue this week with a total of four companies floating shares with an aim to raise to Rs 14,628 crore.

The offers of CarTrade and Nuvoco Vistas opened on Monday and will close…

DGCA seeks India-UK airfare details from airlines

DGCA seeks India-UK airfare details from airlines

08-08-2021  comments

New Delhi (IANS) Civil aviation regulator DGCA has sought details of airlines' fares for the India-UK route.

The development comes amid a uproar among the air travellers over high airfares as India-UK flights restart on Sunday after a pause…

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