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Mumbai (IANS) Foreign Portfolio Investors (FPI) who have turned cautious again, have so far withdrawn net investments worth Rs 4,515 crore in July.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

Record broker defaults cause crippling losses to investors

New Delhi (IANS) With broker defaults continuing, the industry has witnessed a record 28 defaults or expulsions since November 2019, just a little before the Covid-19 pandemic hit the world, MoneyLife reported.

This is the highest number of…

Indian economy to see 'substantial slack' in FY22 despite growth: RBI

Mumbai (IANS) Although the Indian economy is poised to recover and witness positive growth in the current fiscal, the Reserve Bank of India (RBI) has said that there will be "substantial slack" in it.

The RBI Bulletin for July 2021 noted that…

Paytm files for mega Rs 16,600 cr IPO with SEBI

Mumbai (IANS) One 97 Communications, the parent of Paytm has filed for an initial public offering (IPO) with the market regulator SEBI, with a target to raise around Rs 16,600 crore.

In the draft red herring prospectus, the company said that…

India's June YoY engineering goods exports rises by 52.4%

New Delhi (IANS) India's year-on-year engineering goods exports rose by 52.4 per cent during June 2021.

Similarly, exports of this segment last month recorded a growth of 41.9 per cent over the June 2019 level.

Engineering exports,…

NTPC achieves over 100 BUs of cumulative generation in FY22 so far, faster than last year

New Delhi (IANS) NTPC Group companies have achieved over 100 Billion Units (BU) of cumulative generation in the current financial year at a much faster rate than last year.

Last year the group generation had crossed 100 BU on 7 August 2020,…