Macros power indices' rise; Sensex crosses 55k-mark

Mumbai (IANS) Healthy macro-economic data as well as hopes of a faster economic revival lifted India's key equity market indices' on Friday.

Initially, the two key equity indices had a gap up opening and continued to move higher, however,…

NTPC floats global EOI for pilot on Hydrogen Blending with Natural Gas

New Delhi (IANS) NTPC has floated a global Expression of Interest (EoI) to set up a Pilot Project on Hydrogen Blending with Natural Gas in City Gas Distribution (CGD) Network in India.

The EoI follows the recent tenders floated by NTPC REL…

Mahindra launches XUV700 starting from Rs 11.99L

Mumbai (IANS) Automobile manufacturer Mahindra & Mahindra on Saturday launched its new SUV XUV700 with a starting price of Rs 11.99 lakh.

The company also announced prices for its four variants in the five-seater manual transmission category.

74% Indian mid-market businesses optimistic about economy: Survey

New Delhi (IANS) Amid revival in the economy, post the severe impact of Covid-19' second wave, 74 per cent mid-market business leaders in India are optimistic about the Indian economy, as against 69 per cent globally, according to a survey by…

India's forex reserves rise by over $880 mn

Mumbai (IANS) India's foreign exchange reserves rose by $889 million, during the week ended August 6.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $621.464 billion from $620.576…

Equity indices rise, investors eye retail inflation, IIP data

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

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%

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

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

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…