Safeguard duties would boost margins of Indian steel firms: Nomura

Mumbai (IANS) Any steps to safeguard India’s steel industry would boost prices and increase the margins of domestic manufacturers, Nomura Research said in a report on Friday as the domestic industry has urged the government to clamp down on the flow…

RBI’s move to inject Rs 1.9 lakh crore liquidity seen as positive for banks

 Mumbai (IANS) The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and public sector banks, as well as Non-Banking Financial Companies (NBFCs) on Thursday.

Reliance Retail slashing jobs, tightening operations before public debut: Report

Mumbai/New Delhi (IANS) Concerned over its sales slowing down, Reliance Retail Ventures Ltd (RRVL) is reportedly slashing jobs - along with other cost-cutting measures - before making its stock market debut. 

The expansion of Reliance Retail…

India’s engineering exports to US touch $1.62 billion in Jan but tariff wall looms ahead

New Delhi (IANS) India's engineering goods exports have recorded robust growth in January this year despite uncertainties in the global markets, with the United States being the top destination. 

The country’s engineering goods exports…

BEL bags more defence orders worth Rs 577 crore

Bengaluru (IANS) Bharat Electronics Limited (BEL) has secured additional orders worth Rs 577 crore since the last disclosure on February 20 this year, the Navratna defence public sector undertaking said on Thursday. 

Major orders include airborne…

Stock market opens higher, Sensex above 73,300

Mumbai (IANS) The Indian benchmark indices opened higher on Wednesday amid mixed global cues, as buying was seen in auto, IT and PSU Bank sectors in early trade. 

At around 9.31 am, Sensex was trading 358.34 points or 0.49 per cent up at 73,348.27…

SAIL, other Indian steel stocks up as China to reduce production

Mumbai (IANS) The shares of steel companies in India on Wednesday saw a rise following China’s announcement that it would restructure its steel industry and reduce total steel output. 

This move is expected to decrease the dumping of cheap…

Credit card spending in India sees 14 pc growth at Rs 1.84 lakh cr in Jan

Mumbai (IANS) Total credit card spending in India reached Rs 1,84,100 crore (Rs 1,841 billion) in the month of January, marking a strong 14 per cent growth (year-on-year), a report showed on Tuesday.

The total credit card transaction volume…

Paytm shares plunge over 3 pc after ED issues notice over FEMA violations

New Delhi (IANS) Shares of Paytm’s parent company, One97 Communications Limited, fell over 3 per cent in early trading on Tuesday after the Enforcement Directorate (ED) issued a notice against the firm. 

The stock dropped as much as 3.26 per…

Indian API market to expand to $22 bn by 2030, at a CAGR of 8.3 pc: Report

New Delhi (IANS) India’s Active Pharmaceutical Ingredients (APIs) market is expected to expand to $22 billion by 2030, according to a report on Monday. 

The report by Praxis Global Alliance, a management consulting firm, stated that the APIs…