India plans to offer incentives worth 1.68 trillion rupees ($ 23 billion) to attract companies to establish manufacturing in the country, people with knowledge of the matter said. The government of Prime Minister Narendra Modi will offer production-linked incentives to automakers, solar panel makers and specialty steel to consumer appliance …
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(Representative image) NEW DELHI: Stock indices ended higher Thursday with the benchmark BSE Sensex rising nearly 650 points led by gains in banking and financial stocks amid positive global signals. The 30-share BSE index rose 646 points, or 1.69 percent, to close at 38,840; while the broader NSE Nifty stood …
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NEW DELHI: The market valuation of Dependency industries (RIL) reached another milestone on Thursday. The company became the first publicly traded Indian firm to exceed $ 200 billion in market capitalization or m-cap. The company’s shares rose 6.2 percent in midday trading in Mumbai after hitting an intraday record. The …
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NEW DELHI: The Supreme Court Thursday extended loan repayment moratorium until September 28 and directed banks do not declare any loan as NPA (unproductive asset) for non-payment of fees during the period. The plan’s previous deadline, which was implemented to help borrowers overcome the Covid-19 crisis, had ended on August …
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NEW DELHI: Retirement Fund Agency EPFO on Wednesday it decided to provide an interest rate of 8.5 percent on the Employee Provident Fund (EPF) for 2019-20 as previously committed. In March this year, the highest decision-making body of the Employees Provident Fund Organization (EPFO), the Central Council of Trustees, headed …
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Happiest Minds Technologies’ inaugural initial public offering (IPO) saw a subscription of nearly 151 times, generating offers worth more than Rs 58 billion, making it one of the most underwritten IPOs in recent times. The retail investor portion of the issue was subscribed 71 times, with over 2 million requests. …
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(File photo) BENGALURU: Dependency industries Ltd said on Wednesday US private equity firm Silver Lake Partners It would buy a 1.75% stake in its retail arm for 7.5 billion rupees ($ 1.02 billion) as the Indian conglomerate strengthens its retail presence in the country. Trust, controlled by the richest man …
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Representative image NEW DELHI: Global rating agency Fitch on Tuesday drastically revised its forecast for GDP growth, estimating it to contract 10.5% in 2020-21, while Goldman Sachs expects it to decline 14.8% in the current fiscal year. Both entities have made sharp downward revisions to their forecasts after last month’s …
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LONDON: Nirav modi, who is fighting extradition to India, is unlikely to get a fair trial there due to the politicization of his case and faces a “high risk of suicide” due to the lack of adequate medical facilities in Indian prisons, his legal team told a UK court. on …
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NEW DELHI: Supreme Court decision to allow telcos to pay outstanding fees for 10 years will not be enough to help Vodafone Idea to stabilize their position, while Jio and Airtel they are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. In addition, he said …
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