India's forex reserves rise by over $1 bn

Mumbai (IANS) India's foreign exchange reserves rose by $1.013 billion during the week ended July 2.

According to the Reserve Bank of India's (RBI) weekly statistical supplement, the reserves increased to $610.012 billion from $608.999…

Petrol, diesel prices continue to rise touching new highs across country

New Delhi (IANS) Petrol and diesel prices continued their upward march on Thursday also, the second successive day of rate increase, taking the prices to cross new highs across the country.

Accordingly, the price of petrol increased by 35 paise…

Vehicle retail sales rise in June: FADA

New Delhi (IANS) India's overall vehicle retail sales rose in both sequential and on year-on-year basis in June 2021.

The data released by the Federation of Automobile Dealers Associations (FADA) showed a rise of 22.26 per cent during the…

Equity market flat amid volatility, weak global cues

Mumbai (IANS) Amid high volatility, the Indian stock market traded on a flat note on Wednesday morning.

Weak trend in the global markets also weighed on the domestic investor sentiments, analysts said.

Heavy selling pressure was witnessed…

RInfra shareholders with over 97% votes approve preferential issue to promoters & Varde Investment Partners

New Delhi (IANS) The shareholders of Reliance Infrastructure Limited (Reliance Infra), through postal ballot, have approved with overwhelming majority, the raising of funds upto Rs 550.56 crore by preferential allotment of upto 8.88 crore equity shares…

72% Indians frightened about shopping in-store amid Covid: Report

New Delhi (IANS) Despite the unabated rise of e-commerce and the fear to physically shop, 72 per cent of Indians are most frightened about shopping in-store as compared with their global counterparts in the wake of Covid-19, a new report showed on…

Merchant platform Pine Labs raises over $600 mn

New Delhi (IANS) Leading merchant commerce platform Pine Labs on Tuesday announced it has secured over $600 million in a funding round with the entry of new investors, which is subject to approval from the Securities and Exchange Board of India (SEBI).

NCLAT issues notices to CoC, DHFL and Piramal on 63 moons plea

New Delhi (IANS) The National Company Law Appellate Tribunal (NCLAT) has issued notices to the committee of creditors (CoC), the administrator of DHFL and Piramal Capital and Housing Finance Ltd on a plea by 63 moons technologies against the Dewan…

Discoms permitted to relinquish entire allocated power from 25-yr-old projects

New Delhi (IANS) In a major relief for power distribution companies, the government has now given them the freedom to terminate or continue drawing power from a project that has completed 25 years of operations.

In a letter to the state governments…

Gold futures near Rs 48K/10 gm, silver above Rs 70K/kg

Mumbai (IANS) Gold futures remained firm on Tuesday with the August contract of the yellow metal on the Multi-Commodity Exchange (MCX) nearing the Rs 48,000 per 10 gram level.

Currently, the August contract of gold on MCX is at Rs 47,882 per…