RIL shares hit fresh high with another investment in Jio

Mumbai (IANS) Shares of Reliance Industries (RIL) touched a fresh all-time high of Rs 1,624, a day after the company announced another major investment into Jio Platforms.

On Sunday evening RIL announced an investment of Rs 5,683.50 crore by…

IndusInd Bank promoters to buy more shares from open market

Mumbai (IANS) Promoters of IndusInd Bank are set to increase their stake in the bank by purchasing additional shares from the open market.

In a regulatory filing, the bank informed the exchanges about the decision of the promoters.

The…

India may achieve current account surplus despite pandemic

New Delhi (IANS) Despite the Covid-19 pandemic, India is expected to achieve current account surplus due to lower crude oil prices this fiscal, according to a SBI Ecowrap report on Monday.

According to the report, with capital flows turning…

Centre tries to quell concerns of lower tax collection, lagging investments

New Delhi (IANS) In a bid to allay the concerns over the falling direct tax collection and slower rate of investments in the country despite the recent tax reforms, the Finance Ministry on Sunday said that the fall in direct tax collection is temporary…

Abu Dhabi-based Mubadala invests Rs 9,093 cr in Jio Platforms

Mumbai (IANS) Reliance Industries Ltd on Friday announced that Mubadala Investment Company (Mubadala), the Abu Dhabi-based sovereign investor, will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise…

Malicious rumours on to undermine Tata group, Ratan Tata: Chandrasekaran

New Delhi (IANS) Tata Sons Chairman N. Chandrasekaran on Friday set the record straight on rumours in the media which, he said, are "malicious in their intent to undermine the performance of the Tata group and discredit Chairman Emeritus Ratan Tata".

'Nestle India does not expect financial challenges amid COVID-19'

New Delhi (IANS) Food and beverage major Nestle on Thursday said that it does not foresee challenges regarding financial resources in view of the coronavirus pandemic.

In a regulatory filing, the company said that it has a strong cash position…

Demand has been rising for last three weeks: Bata India CEO

New Delhi (IANS) In an interview with IANS, Sandeep Kataria, CEO, Bata India said that the demand has been rising for the last three weeks and the trend is expected to continue as consumers start feeling more confident. "We are expecting a revival…

Sensex up 370 points, Nifty above 10,000-mark

Mumbai (IANS) Indian stock market continued its rally on Wednesday with the BSE Sensex rising over 300 points and the Nifty50 on the National Stock Exchange trading above the 10,000-points mark.

Strong cues from the Asian markets and healthy…

Revised definition will give MSMEs confidence to grow: CITI Chairman

New Delhi (IANS) The revised definition will give micro, small and medium Enterprises (MSMEs) confidence to grow and will promote their expansion, Confederation of Indian Textile Industry (CITI) Chairman T. Rajkumary said on Monday.

The industry…