Why the Tata-Air India deal is trouble for Rakesh Jhunjhunwalaâs Akasa
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The odds are stacked against a new player and when the transfer of Air India is complete, the market will be divided between two major players: IndiGo, which controls half the market, and the Tata group, which will command a quarter of the market.
Crude oil extends rally to multi-year peaks as energy crunch bites
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The pace of economic recovery from the pandemic, combined with cold weather have supercharged energy demand, coming at a time when pressure on governments to accelerate the transition to cleaner energy has slowed investment in oil projects.
The first day witnessed participation from 122 trading members, with volumes of 1.43 lakh contracts worth Rs 1,079.6 crore traded at the end of the day in the weekly futures contracts of USD-INR.
Coal Crisis: Number of plants with less than 4-day stock rose to 70 on Sunday from 64 a week ago
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The number of plants with six days of coal stock was eight with 11,450 MW capacity on Sunday compared to nine plants with 9,360 MW capacity a week ago.
Internal restructuring of TVS Group gets Competition Commission nod
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The proposed transaction does not give rise to any competition concerns irrespective of the manner in which the markets are defined, as per the notice.
HFCL Q2 profit up 61% to Rs 86 crore, revenue jump to Rs 1,122.05 crore
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The consolidated revenue of HFCL during the second quarter of FY22 increased by 6.42 percent to Rs 1,122.05 crore from Rs 1,054.32 crore in the year-ago period.
Saregama India Q2 net profit up 16.9% at Rs 33.80 crore
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Saregama#39;s revenue from operations was up 34.21 percent at Rs 145.09 crore during the period under review as against Rs 108.11 crore in the corresponding period of the previous fiscal.
Indian Railways registers 113% rise in earnings from passenger segment in Q2: RTI reply
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In a reply to an RTI query from Madhya Pradesh-based Chandra Shekhar Gaur, the railways has said that its earnings in the first quarter from passenger fare was Rs 4,921.11 crore, while in Q2, the earnings climbed to Rs 10,513.07 crore.
TVS Supply Chain Solutions raises Rs 590 crore from Exor-managed fund
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The company will use the fund to grow its business, further strengthen its technology capability and for other transformational initiatives, according to a statement.
World Bank chief calls for #39;comprehensive#39; debt relief for poor countries
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The situation is urgent since the Debt Service Suspension Initiative (DSSI) launched by G20 nations early last year, allowing countries to defer debt payments while dealing with the pandemic, expires at the end of the year.
Gold prices soar to Rs 47,102/10 gm on weaker rupee, silver climbs Rs 410 a kg
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Tapan Patel- Senior Analyst (Commodities) at HDFC Securities expects gold prices to trade sideways to higher with COMEX spot gold resistance at $1770 and support at $1740 per ounce.
RBI may hike rates in March quarter of 2022; coal and chip shortages a worry: Report
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The central bank will start with liquidity normalisation moves this month, narrowing the difference between the rate at which it funds the system and at which it absorbs excess liquidity in December, Nomura said.
India can cut carbon emissions by deploying renewables, gas power: GE Gas Power
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GE Gas Power released a position paper titled #39;The key to India#39;s energy future#39; that discusses India#39;s urgent need to cutting CO2 (carbon dioxide) emissions from the power sector and adopting near-zero carbon power generation technology.
Silver eases to Rs 61,500 on weaker rupee, tepid gold
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The white metal has been trading lower than the 50, 100, and 200-day simple and exponential moving averages but lower than the 5 and 20 daysâ SMA and EMA on the daily chart.
Finance Ministry releases Rs 9,871 crore grant to 17 states
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The states which will receive money from the grant as recommended by the 15th Finance Commission are Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Ut
Page Industries aims to be $1 billion company in next 5 years
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The Bengaluru-based company, which on Monday announced the opening of the 1,000th exclusive brand store (EBS) of Jockey in India, is focusing on deeper penetration for accelerated growth and aims to double the number of stores in the coming years with a speci
I-bankers make $761 million in advisory fees during January-September; lowest in 3 years: Report
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As per the report, Axis Bank got USD 46.7 million or 6.1 per cent share, Goldman Sachs stood at the fourth slot with USD 46.7 million or 6.1 per cent each of the market pie, and ICICI Bank (USD 40.4 million, 5.3 per cent) comes at the fifth slot.
SSG Capital co-founder Shyam Maheshwari resigns, to leave at end of 2021
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Shyam Maheshwari decided to step down in July to spend more time with his family and pursue personal interests including philanthropy, the company said
Icra slashes growth forecast for auto components industry to 17-20% for FY22
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According to Icra, the components industry is now expected to grow at 17-20 percent in 2021-22, partly aided by «the low base of last year and commodity passthrough» besides growth driven by domestic OEM, replacement and export volumes.
Pee Safe eyes Rs 100 crore gross revenue in FY22, to accelerate international expansion
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The hygiene and wellness comapny, which is also looking at raising fresh funding, is looking to expand its presence in the MENA (Middle East and North Africa) and SEA (South East Asia) regions.
MG Motor launches Astor at Rs 9.78 lakh, priced below Hyundai Creta
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MG is betting on the artificial intelligence (AI) and autonomous driving features on the Astor to attract customers of the mid-size SUV segment which has seen rapid rise in demand
NTPC has halved power supply to Delhi: Power Minister Satyendar Jain
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Most of the National Thermal Power Corporation(NTPC) plants are running at 55 percent capacity as their coal stocks are enough for one-two days, he claimed.
In a regulatory filing, the Mumbai-based developer informed that collections from customers rose 47 per cent to Rs 207 crore in the second quarter of this fiscal year as against Rs 141 crore in the corresponding period of the previous year.
TCS to continue investments as per business requirements: CFO Samir Seksaria
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The company, however, continues to be focused on the 26-28 percent operating profit margin band and has its structures aligned towards achieving the aspirational band, its chief financial officer Samir Seksaria underlined.
Chip shortage mars Maruti Suzukiâs market share dominance
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The impact of the chip shortage has been the most severe on Maruti Suzuki. October is the third month in a row that production at the car market leaderâs plants is less than planned.
