'InvITs, REITs can raise Rs 8 lakh cr capital in medium term'

Mumbai (IANS) Infrastructure investment trusts (InvITs) and real estate investment trusts (REITs) are gaining currency in India, following the footsteps of the developed world. A CRISIL Ratings analysis shows these instruments can potentially raise…

Sensex down nearly 400 points

Mumbai (IANS) The key Indian equities declined on Wednesday morning with the BSE Sensex losing nearly 400 points, coming down from the 48,000-mark.

Heavy selling was witnessed in banking, finance and oil and gas stocks.

Around 10.25…

Budget21-22 must set aside threat for India becoming dumping ground for global Al scrap

New Delhi (IANS) India has been caught in a pincer by a torrent of cheap inflow of aluminum and scrap imports majorly from China as well as the United States.

In FY20, there has been a 327 per cent increase in the imports of aluminium scrap…

TCS' brand value up by $1.4bn, highest in IT services in 2020

Mumbai (IANS) The brand value of Tata Consultancy Services (TCS) grew by $1.4 billion in 2020 over the prior year which is the highest absolute growth among the 25 companies assessed in a pandemic-hit year, a new report said on Tuesday.

TCS…

Sensex sheds gains amid volatile trade

Mumbai (IANS) The key Indian equity indices pared initial gains on Monday morning and traded on a negative note.

Selling pressure was witnessed in oil and gas, energy and auto stocks. Buying in banking and finance stocks, however, curbed the…

Worldwide IT spending to grow 6.2% in 2021: Gartner

San Francisco (IANS) After a decline in the pandemic-hit 2020, worldwide IT spending is projected to total $3.9 trillion in 2021, an increase of 6.2 per cent from the previous year, according to the latest forecast by Gartner on Monday.

Worldwide…

Recovering Fortunes: Yes Bank sees signs of reaching pre-Covid levels soon

Mumbai (IANS) Private lender Yes Bank has witnessed internal as well as external indicators of fast-paced economic recovery leading to pre-Covid operational levels.

The bank's own financial performance has improved drastically. It has again…

LG may exit smartphone market but it's not game over

New Delhi (IANS) The mobile business of LG Electronics has been in the red since the second quarter of 2015. Its accumulated operating loss reached nearly $4.5 billion last year and now, the South Korean company is planning to exit from the competitive…

Bullet Train Project: 7 cos willing to construct undersea tunnel

New Delhi (IANS) At least seven Indian companies have shown interest for the construction of the undersea tunnel for the ambitious Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor during the pre-bidding stage, officials said on Sunday.

A National…

Tata Motors launches hatchback Altroz's i-Turbo variant

Mumbai (IANS) Automobile manufacturer Tata Motors on Saturday launched the 'i-Turbo' variant of its premium hatchback, Altroz.

The variant's petrol version starts at Rs 8.25 lakh while the diesel version costs Rs 9.45 lakh.