Sensex jumps 800 points; RIL, HDFC shares surge

Mumbai (IANS) The Indian equity indices surged on Tuesday, with the BSE Sensex gaining over 800 points.

The across the board rise was led by healthy buying activity in auto, finance, capital goods and oil and gas stocks.

Surge in the…

Godrej announces first close of $500 million office development platform

New Delhi (IANS) Godrej Fund Management (GFM), the real estate private equity arm of the Godrej Group, has announced the first close of its $500 million office development platform GBTC II in partnership with Netherlands-based APG Asset Management…

Petrol, diesel price rise again by 25p/ltr after 3 days pause

New Delhi (IANS) Petrol and diesel prices rose again by 25 paisa per litre each on Monday after oil marketing companies decided to break their three days pause on price revision in wake enlarging under recovery on sale of the two petroleum products.

Will agitate against complex, arbitrary GST system: CAIT

New Delhi (IANS) The Confederation of All India Traders (CAIT) has announced that it will launch a nationwide movement against the present Goods and Services Tax (GST) system which it claims has become "extremely complicated" because of several "arbitrary"…

Financial markets need to be prepared for sudden decline: RBI Guv

Mumbai (IANS) Reserve Bank of India Governor Shaktikanta Das has said that domestic financial markets must remain prepared for sudden decline going ahead in case risk aversion takes hold among investors globally.

Delivering the Nani Palkhivala…

Petrol, diesel price rise pauses after consecutive days of increase

New Delhi (IANS) Petrol and diesel prices remain unchanged on Friday after oil marketing companies decided to go on a pause mode opting to wait and watch the global oil market before taking the next course of action.

Accordingly, in the national…

Air India commences non-stop Hyderabad-Chicago flights

Hyderabad (IANS) Air India's first non-stop flight on the Hyderabad-Chicago route arrived from the US city at the Rajiv Gandhi International Airport here on Friday. A few hours later, the first flight from the city to Chicago departed.

Flight…

Wholesale inflation eases to 1.2% in December

New Delhi (IANS) Wholesale inflation for December declined to 1.22 per cent due to lower food inflation, official data showed on Thursday.

In November, the inflation based on Wholesale Price Index (WPI) was 1.55 per cent. The data released…

Consumer demand of gold may improve in 2021 on economic recovery of EMs

New Delhi (IANS) The year 2021 is likely to add to the shine of the gold as consumer demand which has largely been subdued amid the pandemic may rise on the back of economic recovery of the emerging markets, said a report by the World Gold Council…

Tesla finally enters India, first stop is Bengaluru

New Delhi/Bengaluru (IANS) Ending years of wait and speculation, Tesla CEO Elon Musk has finally entered India by registering Tesla as a company in Bengaluru.

According to the details available on the Registrar of Companies website, Tesla India…