Indices fall sharply in early trade, Sensex declines nearly 1K pts

New Delhi (IANS) India's benchmark equity indices declined sharply in early trade on Monday as surge in inflation dented investors' sentiment.

Consumer Price Index or retail inflation rose steeply in March to 6.95 per cent, which was…

Equity indices plunge sharply, Sensex down 1,122 points

New Delhi (IANS) Continuing with their downtrend from the opening session, India's benchmark equity indices settled sharply lower on Monday as surge in inflation dented investors' sentiment.

The Consumer Price Index, or retail inflation,…

ED attaches assets of Amway worth Rs 757.77cr

New Delhi (IANS) The Enforcement Directorate (ED) on Monday said it has attached assets worth Rs 757.77 crore belonging to Amway India Enterprises Private Limited -- a company accused of running a multi-level marketing scam, in connection with a money…

Tender issued for India's first standalone RE storage system

New Delhi (IANS) The Solar Energy Corporation of India (SECI), a public sector undertaking under the aegis of the Ministry of New and Renewable Energy, has issued a tender for setting up 500 MW/1000 MWh standalone battery energy storage systems (BESS)…

Normal Monsoon 2022 critical to douse some inflationary flames

New Delhi (IANS) A normal monsoon season this year is expected to mitigate some inflationary pressures, especially being witnessed in certain food commodities.

Besides, healthy and well-spread rains will repose faith in the country's economy…

Bike taxi platform Rapido raises $180 mn led by Swiggy, TVS Motor

New Delhi (IANS) Bike taxi aggregator platform Rapido on Friday said it has raised $180 million led by online food delivery service Swiggy.

Rapido said the funds would be used to bolster technology, strengthen its teams and reach a larger audience…

Egypt approves India as a wheat supplier

New Delhi (IANS) Egypt has approved India as a wheat supplier, said Union Minister Piyush Goyal on Friday.

"Indian farmers are feeding the world," tweeted the Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution…

High fuel prices to hit near-term demand, recovery seen in H2: Report

New Delhi (IANS) High prices of fuels are likely to dampen near-term demand for energy, however, recovery is expected in the second half of calendar year 2022 (July-December).

Driven by a more broad-based pickup in economic activity as the…

Custom duty exemption on cotton imports condemned

New Delhi (IANS) The All India Kisan Sabha on Thursday condemned the "unilateral decision" of the Narendra Modi government "at the behest of corporate textile companies" to exempt all cotton imports from customs duties from April 14 to September 30,…

RBI likely to get quite perturbed with inflation above 6% in three quarters

New Delhi (IANS) With inflation likely to exceed 6 per cent for three consecutive quarters, especially if energy prices remain elevated, the RBI is likely to get quite perturbed, Emkay Global Financial Services said in a report.

With higher…