Business
Hero MotoCorp to raise prices of two-wheelers from July I

Hero MotoCorp to raise prices of two-wheelers from July I

22-06-2021  comments

New Delhi (IANS) Hero MotoCorp will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from July 1.

The price hike has been necessitated to partially offset the impact of continuous increase in commodity…

Retail business likely to be RIL's next growth engine

Retail business likely to be RIL's next growth engine

21-06-2021  comments

Mumbai (IANS) Oil-to-telecom giant Reliance Industries (RIL) which has largely seen its growth coming on the back of its petrochemical business over the past decades, is set to see a shift in the anchor's role with the retail business, including…

Maruti Suzuki to hike prices in next quarter

Maruti Suzuki to hike prices in next quarter

21-06-2021  comments

Mumbai (IANS) Maruti Suzuki will raise prices of its vehicles during the July-September quarter due to high input costs.

In a regulatory filing, the company said that over the past year the cost of the company's vehicles continued to be…

India may open derivatives market for power sector next fiscal

India may open derivatives market for power sector next fiscal

20-06-2021  comments

New Delhi (IANS) After prolonged delays, India may open derivatives market for the power sector in the next financial year (FY 2022-23), allowing both power generators and consumers to enter into futures contract and use it as a new hedging tool to…

SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares

SEBI asks PNB Housing to halt Rs 4,000 cr preferential issue of shares

20-06-2021  comments

Mumbai (IANS) The Securities and Exchange Board of India (SEBI) has directed PNB Housing Finance to stall the proposed preferential issue of shares worth up to Rs 4,000 crore to entities led by the The Carlyle Group Inc.

The company received…

BharatPe in talks to raise $250M led by Tiger Capital: Report

BharatPe in talks to raise $250M led by Tiger Capital: Report

19-06-2021  comments

New Delhi (IANS) Fintech major BharatPe, that hit a new high with 106 million monthly transactions in UPI in March this year, is reportedly raising nearly $250 million in its next funding round led by Tiger Global.

TechCrunch on Friday reported,…

India's FY22 GDP expected to grow by 8.7%: MOFSL

India's FY22 GDP expected to grow by 8.7%: MOFSL

19-06-2021  comments

New Delhi (IANS) India's FY22 GDP is expected to grow by 8.7 per cent said Motilal Oswal Financial Services (MOFSL) in a report.

"Due to the ferocious second Covid wave, we have revised down our real GDP growth forecasts. Compared with…

Sensex tumbles 650 points; metal, oil & gas lead selloff

Sensex tumbles 650 points; metal, oil & gas lead selloff

18-06-2021  comments

Mumbai (IANS) The key Indian equity indices slumped on Friday with the BSE Sensex losing over 650 points.

The across-the-board selloff was led by metal, oil and gas and financial stocks.

Around 11.05 a.m., Sensex was trading at 51,668.59,…

ShareChat announces its 1st ESOP buyback worth Rs 140 cr

ShareChat announces its 1st ESOP buyback worth Rs 140 cr

18-06-2021  comments

New Delhi (IANS) Social media platform ShareChat on Friday announced its first ESOP buyback programme worth $19.1 million (nearly Rs 140 crore) and all eligible employees can sell up to 100 per cent of their vested ESOPs at its present stock valuation.

PMC Bank resolution: RBI clears way for Centrum to set up SFB

PMC Bank resolution: RBI clears way for Centrum to set up SFB

18-06-2021  comments

Mumbai (IANS) Clearing the decks for the takeover of crisis-ridden Punjab and Maharashtra Cooperative (PMC) Bank by Centrum Financial Services, the Reserve Bank of India has granted its "in principle" approval to it for setting up a small finance…

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