Category: Business & Economy

Fund raising by listed companies through private placement of corporate bonds plunged to a six-year low in 2021-22 to Rs 5.88 lakh crore owing to good performance of the equities and aggressive fund disbursal by banks at lower interest rate. This was 24 percent lower from a record Rs 7.72 lakh crore mobilized in 2020-21, […]

The country’s largest carmaker Maruti Suzuki India (MSI) on Friday said it has launched a new version of its multi- purpose vehicle Ertiga, priced between Rs 8.35-12.79 lakh (ex-showroom). The model comes with a 1.5 liter petrol engine paired with both manual and automatic transmissions. The auto major has also launched CNG trims of the […]

Sebi has reconstituted its advisory committee, which provides guidance on enhancing the regulator’s technological capabilities and on exploring appropriate technological solutions for early detection of market anomalies. The Advisory Committee for Leveraging Regulatory and Technology Solutions (ALERTS) will now be headed by Sunil Bajpai, former Principal Advisor (Information Technology) at the Telecom Regulatory Authority of […]

India is expected to attract $100 billion foreign direct investment (FDI) in 2022-23 on the back of economic reforms and ease of doing business in recent years, industry chamber PHDCCI said. It also said the current financial year is expected to attain a GDP growth of more than 8 percent. However, the inflation scenario has […]

Jewelry retailer Senco Gold Ltd has filed preliminary papers with capital markets regulator Sebi to raise Rs 525 crore through an initial public offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 325 crore and an offer for sale (OFS) of equity shares to the tune of Rs 200 crore […]

Commodity Participants Association of India (CPAI) on Tuesday said uniform trading time for all markets including stocks, bonds, currency and commodities may not be tenable for the commodity derivative segment. The remarks come in the wake of media reports suggesting that the Reserve Bank of India (RBI) and the Securities and Exchange Board of India […]

Shares of Infosys continued to decline and further tumbled nearly 4 percent after the company’s March quarter earnings report came in with low expectations. The stock declined 3.55 percent to settle at Rs 1,563.95 apiece on the BSE. During the day, it tanked 4.38 percent to Rs 1,550.40. On the NSE, it dipped 3.66 per […]

Hiring activity witnessed a 6 percent year on-year growth in March this year, supported by a rebound in economic activities and led by sectors such as banking and telecom, according to a report. However, there was a marginal dip of 2.4 percent in hiring activity as compared to February, owing to the appraisal season, according […]

Seven of the 10 most valued firms suffered a combined erosion of Rs1,32,535.79 crore crore in market valuation last week, with Reliance Industries emerging as the worst hit. In the holiday-truncated week, the Sensex tumbled 1,108.25 points or 1.86 percent. While Reliance Industries Ltd (RIL), TCS, HDFC Bank, Infosys, HUL, Bajaj Finance and HDFC were […]

Japanese auto major Honda Cars on Thursday unveiled its new offering for the Indian market City e:EV sedan, marking its foray into the main- stream strong hybrid electric vehicle segment in the country. The company, which is present in India through a wholly-owned subsidiary, has commenced the bookings of the model and plans to introduce […]