RBI issues guidelines for NBFCs' dividend declarations

Mumbai (IANS) To infuse greater transparency along with a uniform practice, the Reserve Bank of India on Thursday issued guidelines for NBFCs to declare dividends.

These guidelines shall be effective for declaration of dividends from the profits…

Equity indices shed gains post gap-up opening

Mumbai (IANS) The key Indian equity indices pared their initial gains after a gap-up opening to trade on a flat-to-negative note on Wednesday morning.

Selling pressure was witnessed in oil and gas, power and banking stocks.

Around 10.15…

For travel operators, second wave clogs rebound route, revenues to touch only 40% of pre-pandemic levels in FY22

Mumbai (IANS) The tours and travel industry, which was beginning to recover before the second wave of Covid-19 infections began, will now see revenue this fiscal reaching only 35%-40% of the pre-pandemic levels, ratings agency Crisil said on Wednesday.

DoT further liberalises norms for Other Service Providers

New Delhi (IANS) In a boost to the BPO sector in the country, the Department of Telecommunications (DoT) on Wednesday further liberalised the guidelines for Other Service Providers (OSPs).

These entities are Business Process Outsourcing (BPO)…

Record run continues, Sensex crosses 53,000 mark

Mumbai (IANS) Bull run continued on the Indian equity market on Tuesday with the BSE Sensex crossing the 53,000-mark for the first time.

Oil and gas stocks led the rise in the market.

Sensex has touched an all-time high of 53,018.71…

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

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

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

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

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

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…