IndusInd Bank to mull raising funds via equities on July 28

Mumbai (IANS) The Board of IndusInd Bank will on Tuesday, July 28, consider raising funds through equity shares on a preferential basis.

In a regulatory filing on Saturday, the bank said that if required the board would also consider convening…

I-T dept responsive to the needs of taxpayers during pandemic : Sitharaman

New Delhi (IANS) Finance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements…

Sun Pharma's US arm Taro resolves anti-trust cases

New Delhi (IANS) Sun Pharmaceutical Industries on Friday said that its subsidiary Taro Pharmaceutical USA resolved all cases involving the company in connection with the multi-year investigations by the Department of Justice, Antitrust Division and…

Economic 'Green Shoots' visible, govt open to taking more steps: FM

New Delhi (IANS) Further steps might be initiated by the Centre to sustain the economic revival process as high frequency indicators have shown visible economic "green shoots", Finance Minister Nirmala Sitharaman said on Tuesday.

Speaking at…

Gold again at fresh high, nears Rs 50,000/10 gm

Mumbai (IANS) As economic uncertainty continues in the wake of the rising number of coronavirus cases, gold futures on the Multi-Commodity Exchange (MCX) on Wednesday touched a new high and neared the Rs 50,000 per 10 gram mark.

The August…

Rally continues in stock market, Sensex surges 500 points

Mumbai (IANS) The key Indian equity indices surged on Tuesday morning, with the BSE Sensex gaining over 500 points.

Sensex rose 504 points to touch an intra-day high of 37,923.38 points. It has, however, trimmed some gains.

Rise in the…

Online penetration for grocery to reset, aided by RIL's entry

New Delhi (IANS) Online penetration for the grocery segment is expected to reset to a higher level due to Covid, further aided by the entry of Reliance Industries Ltd (RIL) in this space, according to a Goldman Sachs report on global internet winners.

IL&FS expects to address Rs 57,000 cr debt by end of FY21

New Delhi (IANS) The Board of IL&FS Group expects to address debt of about Rs 57,240 crore by the end of the financial year 2021. The revised estimate is well above the 50 per cent mark of the overall debt of over Rs 99,000 crore.

The aggregate…

US may open its strategic petroleum reserve to store Indian oil

New Delhi (IANS) India proposes to build a portion of its strategic oil reserve in the US to take advantage of current low prices and quickly scale up its storage.

The move will allow the country to quickly enhance the strategic oil reserve…

Only 10% manufacturing firms report higher output in Q1: Survey

New Delhi (IANS) With the coronavirus pandemic and the resultant nationwide lockdown bringing a severe slowdown in the economy, a survey by FICCI has shown that only 10 per cent of the respondents in the manufacturing sector reported an increase in…