Fuel prices hike by Rs 2/L in Mumbai

Mumbai (IANS) Petrol and Diesel prices in the economic capital of the country have been increased by Rs 2 per litre on Monday. Now, petrol will cost Rs 78.32 per litre to Mumbaikars while diesel will be available at Rs 68.21 in the city.

The…

Markets open on positive note Wednesday morning

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 35,009.59 points and touched a high of 35,057.17 points. The Sensex touched a low of 34,928.86 points.

On Tuesday,…

Carlyle to acquire 25% stake in Airtel's Nxtra for $235 mn

New Delhi (IANS) The Carlyle Group will acquire around 25 per cent stake in Airtel's data centre business 'Nxtra' for $235 million.

The post-money enterprise valuation of Nxtra is around $1.2 billion and Carlyle will hold a stake…

Petrol, diesel prices go for pause, relief likely ahead

New Delhi (IANS) Fuel prices have gone for a pause after rising on 22 of the past 24 days as oil marketing companies (OMC) kept the pump prices of petrol and diesel unchanged on Tuesday.

In the national capital, petrol price on Tuesday stood…

India's core industrial output plunges by over 23% in May

New Delhi (IANS) Output pace of India's eight major industries plunged in May 2020 by over 23 per cent, official data showed on Tuesday.

However, the rate of fall in the Index of Eight Core Industries decelerated on a sequential basis on…

Oracle opens 2nd Cloud region in India to help firms stay afloat

Hyderabad (IANS) In a bid to help enterprises maintain business continuity and stay on the path of digital transformation in these tough Covid-19 times, Oracle on Monday announced the opening of its second Cloud region in India.

The Hyderabad…

PFC, REC may restrict funding to power projects based on Chinese equipment

New Delhi, June 29 (IANS) The government's economic response against China may see public sector financiers restricting funding of projects that ise equipment from the neighbouring country, sources said on Monday.

The practice would first…

India's economy is in deep trouble: S&P

New Delhi (IANS) S&P Global Ratings said on Friday that the Indian economy is in deep trouble with growth likely to contract by 5 per cent this financial year.

"India's economy is in deep trouble. Difficulties in containing the virus, an…

Worst over? Petrol, diesel demand reach 89% of normal in May, June

New Delhi (IANS) The worst phase for oil marketing companies may be over due to smart recovery in the sales of both petrol and diesel in May and June, with India gradually unlocking itself from the lockdowns imposed to contain COVID-19 spread.

HUL completes VWash acquisition from Glenmark

Mumbai (IANS) Hindustan Unilever Limited (HUL) on Friday announced that it has completed the acquisition of intimate hygiene brand VWash from Glenmark Pharmaceuticals Ltd.

In a regulatory filing, HUL said that it has acquired the intellectual…