Maruti Suzuki attains 50L sales-mark cumulatively

New Delhi (IANS) Automobile major Maruti Suzuki India (MSIL) has attained the mark of 50 lakh sales cumulatively in rural markets.

At present, nearly 40 per cent of the total MSIL sales come from rural markets.

The company currently…

Byju's acquires US-based Epic for $500mn, to invest $1bn in US

Bengaluru (IANS) Leading online learning platform Byju's on Wednesday said it has acquired Epic, the world's leading digital reading platform for kids 12 and under, for $500 million. The big acquisition comes on the heels of it buying the…

'SC order on limitations of timeline applicable only on appeals by taxpayers in GST matters'

New Delhi (IANS) The Central Board of Indirect Taxes and Customs (CBIC) has clarified that extension of time limit for tax-related matters as per recent Supreme Court order is restricted only to quasi-judicial and judicial matters relating to petitions,…

Sensex down 200 points, banking, oil & gas stocks fall

Mumbai (IANS) The key Indian equity indices traded in the red on Tuesday morning with the BSE Sensex falling over 200 points.

Heavy selling pressure was witnessed in banking, oil and gas, metal and auto stocks.

Around 9.20 a.m., Sensex…

Swiggy raises over Rs 9,357 cr after Zomato's bumper IPO

Bengaluru (IANS) After its rival Zomato witnessed a mega IPO last week, Swiggy on Tuesday announced the closing of a $1.25 billion (over Rs 9,357 crore) fundraise led by SoftBank Vision Funds 2 and its long-term investor Prosus, one of the largest…

Fears of disappointing results, global cues pull equities lower

Mumbai (IANS) Negative global cues emanating from rising Covid cases pulled India's equity markets lower on Monday.

Initially, equity markets had a gap-down opening on fears of lower than expected quarterly results in Q1FY21.

Sectorally,…

Telcos complain of errors in AGR calculations, SC cites no re-assessment order

New Delhi (IANS) The issues with calculation of Adjusted Gross Revenue (AGR) dues are far from over. The Supreme Court on Monday said it would pass order on applications filed by telcos -- Vodafone Idea, Bharti Airtel, and Tata Tele Services Ltd -…

FPIs pull out Rs 4,515 cr from Indian equities so far in July

Mumbai (IANS) Foreign Portfolio Investors (FPI) who have turned cautious again, have so far withdrawn net investments worth Rs 4,515 crore in July.

Analysts said, the concerns over the 'Delta' variant of Covid-19 and rising oil prices…

Petrol price moves up further, diesel rate unchanged

New Delhi (IANS) Global cues pushed petrol prices to increase again across the country on Saturday adding further pressure to the stretched budgets of consumers grappling with rising food prices amidst shrinking income.

However, unlike uniform…

HDFC Bank Q1FY22 YoY net profit up 16.1%

Mumbai (IANS) HDFC Bank on Saturday reported a year-on-year rise of 16.1 per cent in its net profit for Q1FY22.

Accordingly, the bank's net profit increased to Rs 7,729.6 crore during the quarter under review ended June 30 in the current…