India's exports to ASEAN seen at $46 bn in FY22: Minister

New Delhi (IANS) India is likely to record exports worth $46 billion to the ASEAN region, Minister of State of Commerce and Industry Anupriya Patel said on Tuesday.

Addressing the India-ASEAN Engineering Partnership Summit organised by EEPC…

Equity indices rise in line with global markets; IT stocks rise

Mumbai (IANS) The key Indian equity indices rose on Monday morning in tandem with its global peers.

Healthy buying was witnessed in IT stocks.

Around 10.15 a.m., Sensex was trading at 55,560.88, higher by 231.56 points or 0.42 per cent…

Continued unlocking accelerates economic recovery in July: ICRA

New Delhi (IANS) Continued unlocking across the country has accelerated the improvement in various high frequency industrial and service sector indicators during July 2021, said ICRA.

According to Aditi Nayar, Chief Economist, ICRA: "With the…

CCI imposes Rs 200 cr penalty on Maruti Suzuki over discount diktat

New Delhi (IANS) The Competition Commission of India (CCI) has imposed a penalty of Rs 200 crore on Maruti Suzuki India Ltd over anti-competitive practice of imposing a discount control policy, thereby restricting dealers from offering higher level…

FPIs invest Rs 5,001 cr in Indian equities so far in August

Mumbai (IANS) Foreign portfolio investors (FPI) have made a net investment of Rs 5,001 crore so far in August in Indian equities, according to data from NSDL.

The FPIs have made a comeback after a net outflow of Rs 11,308 crore in July.

Kisan Rail transport onions from Andhra to West Bengal

Hyderabad (IANS) For the first time, a Kisan Rail, operated by the South Central Railway (SCR), has transported onions from Tadepalligudem in Andhra Pradesh to Malda in West Bengal.

The SCR has been actively taking forward the Kisan Rail initiative…

Music streaming giant Spotify to spend $1 bn buying its own stock

New York (IANS) Swedish music streaming giant Spotify has announced to spend up to $1 billion between now and April 21, 2026 to repurchase its own shares.

The company would commence a stock repurchase programme beginning in the third quarter…

Auto Sector: Continued sequential recovery seen in July, says Ind-Ra

New Delhi (IANS) Continued sequential recovery has been seen in the auto sector in July 2021, according to India Ratings and Research (Ind-Ra).

Ind-Ra believes that the 18 per cent sequential and 4 per cent year-on-year (YoY) increase in the…

Sensex slumps as banking, metal stocks plunge

Mumbai (IANS) The Indian stock market opened lower on Friday with heavy selling across the board.

The domestic market declined in line with the Asian stocks over concerns of rising cases of Delta variant of Covid-19 and its impact on the global…

Microsoft invests $5 mn in OYO

New Delhi (IANS) Satya Nadella-run Microsoft has invested $5 million in Airbnb-backed Indian budget hotel chain OYO taking it valuation to $9 billion, as the hospitality chain plans a potential initial public offering (IPO) soon.

According…