On Monday, official data released after market hours had showed that India’s August retail inflation eased to 5.30 per cent from 5.59 per cent in July.
The ASSOCHAM-Crisil study also noted that the expected increase in GNPAs of both banks and non-banks this fiscal because of the pandemic will provide an opportunity for players in the stressed assets market through resolution via various routes, with IBC likely to be the most preferred.
The stock made its debut at Rs 902, registering a gain of 47.86 per cent from its issue price on the BSE. It then jumped 52.29 per cent to Rs 929.
The shares were bought back at a volume weighted average price of Rs 1,648.53 per equity share, according to a public notice.
According to the industry on the 10th, KIA India will expand its lineup starting with the release of ‘Seltos X Line’ in the early of this month. Seltos X Line is the new model that emphasizes its sporty body design.
This giant collaboration that brings two major production houses together with an investment of approximately Rs 1,000 crore will bring forth films ranging across different genres, production scales, talent and music.
Around 68 per cent of the respondents to the FICCI Manufacturing Survey for Q2 (July-September) said that they are not likely to hire additional workforce in the next three months.
Despite the uneven spread of monsoon in its strong markets of the north and east parts of the country, the company is confident that it will be able to continue its growth momentum.
At a time when Asian car makers have captured the market in the US, it was nothing but natural for the American automobile companies — General Motors and now Ford — to sputter and stop in India if they get their basics wrong.
The initial public offer (IPO) is purely an offer for sale of 36,364,838 equity shares by the promoter and existing shareholders, according to the draft red herring prospectus (DRHP).
The acquisition has been made from IL&FS group entities. The proposed combination falls under Section 5(a) of the Competition Act, 2002, said a Finance Ministry statement.
Fulfilment centres are specialised facilities where products are received from sellers across the region, processed and packed, and then sent to sortation centres and delivery hubs for delivery to customers.
The research highlights how software-driven transformation is expected todeliver significant benefits for automotive OEMs in the next five years like improving productivity up to 40 per cent, reducing costs by 37 per cent and improving customer satisfaction by 23 per cent.
The lender aims to provide an all-inclusive and seamless virtual banking experience, encompassing all digital banking services under one roof for the convenience of customers, the bank said in a release.
It produced a total of 1,13,937 units last month, compared to 1,23,769 units in August 2020, the company said in a regulatory filing.
September 5, 2021, marked 5 years since its launch. Using #5YearsOfJio the Mukesh Ambani brand published a video on social media to narrate ‘the journey from Evolution to Revolution’ in making Digital India.
Sensex has touched a fresh high of 58,515.85 points and the Nifty50 on the National Stock Exchange 17,429.55 points.
A news story from Reuters cited job postings and a YouTube recruitment campaign for vendors offering free shipping and no commission fees for sellers and buyers on “Shopee India”.
The net investment in the equities segment stood at Rs 2,083 crore, while that in the debt segment stood at Rs 14,376 crore, including those debt investments made through VRR.
Accordingly, FPIs expect an accelerated economic recovery in India based on healthy macro numbers and monsoon rains.
Earlier, Franklin Templeton MF had said that SBI Funds Management (SBI MF) will distribute the sixth tranche of over Rs 2,918 crore to unitholders of its six shuttered schemes from September 1.
On the direction of Parthasarathy, the CFO allegedly diverted funds raised from banks by pledging clients’ securities as collateral to nine shell companies to show a huge turnover.
The RBI has also imposed a penalty Rs 2 lakh on Akola District Central Co-operative Bank Limited, Akola (Maharashtra) for non-compliance with certain provisions of Know Your Customer (KYC) norms.
Helped by gain in its share price, Reliance Industries market capitalisation (m-cap) reached Rs 15,14,017.50 crore at close of trade on the BSE.
The board of directors of HDFC Life Insurance, Exide Industries and Exide Life Insurance, at their respective meetings held on Friday, approved the transaction involving the sale of Exide Life Insurance to HDFC Life, HDFC Life said in a statement.