Market experts indicate that the short-term outlook remains positive, despite possible fluctuations around central bank announcements. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Monday, While Nifty50 was above 25,100, BSE Sensex was up over 40 points. At 9:17 AM, Nifty50 was trading at…
NEW DELHI: Inflation has largely remained benign across states and overall, but Kerala continues to top the charts with the highest retail inflation rate in Aug. Rising gold and coconut oil prices are seen to be the reason behind the spurt. Latest data from the National Statistics Office (NSO) showed Kerala had the highest inflation…
Kolkata: Tega Industries will raise Rs 3,300 crore to fund its acquisition of US-based mining equipment-maker Molycop, in consortium with NYSE-listed Apollo which manages funds worth over $840 billion.The board of the Kolkata-based maker of mining and mineral-processing gears approved raising Rs 4,000 crore on Saturday. The total cost of the acquisition will be over…
NEW DELHI: Govt has reopened the application window for the PLI scheme for white goods (ACs and LED lights) for 30 days, a statement released on Sunday said. The window will remain open from Sept 15 to Oct 14.“The application window is being reopened based on the appetite of the industry to invest more under…
New Delhi: Nayara Energy – part-owned by Russian oil giant Rosneft PJSC and blacklisted by the European Union in July – is facing difficulties in securing non-Russian crude supplies for a second month in a row as western shipping companies refused to ferry oil for it, ship tracking data showed. agencies Source link
New Delhi: The Confederation of Indian Industry on Sunday suggested a framework for a National Global Capability Centres Policy, that can position the country as the global HQ for innovation-driven GCCs, generate 20-25 million jobs and contribute up to $600 billion in economic impact. Source link
NEW DELHI: Currently flying 21 aircraft, SpiceJet is taking the damp lease route – hiring planes with crew – to ramp up operations. It will damp lease two wide-body Airbus A340s and at least 18 narrow body planes. It also hopes to unground 10 planes by next April. The low-cost carrier – currently India’s fourth…
Budget airline SpiceJet has delayed salaries for a sizable section of its employees over recent months, a source told PTI.While workers earning up to Rs 55,000 per month have received their August salaries, senior staff — largely at Assistant Manager level and above — are waiting for their payments, the source added.“SpiceJet has once again…
State-owned power major NTPC is planning to set up nuclear projects both through joint ventures and on a standalone basis, Chairman and Managing Director Gurdeep Singh has said.In a company document, Singh said NTPC is collaborating with nuclear technology providers as well as state governments to explore projects independently. “We are collaborating with various nuclear…