Economy

New Delhi : Domestic mutual funds invested Rs 4,002 crore, accounting for a little over 71 per cent of the total anchor book portion of the much-awaited initial public offering (IPO) of Life Insurance Corporation (LIC). SBI Mutual Fund…
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New Delhi : Network18 Media & Investments on Tuesday reported 58.1 per cent year-on-year surge in its consolidated net profit to over Rs 61 crore during Q4FY22. The media company reported a 14.6 per cent year-on-year rise in…
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Washington:  In a bid to strengthen US's energy independence and reduce its reliance on nations like China, the Joe Biden government has announced $3.1 billion from the 'Bipartisan Infrastructure Law' to make more batteries and components…
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Chennai:  Southern Railway closed the first month of the current fiscal growing its freight loading. According to Southern Railway, the originating freight loading for April was about 3.23 million ton (MT), exceeding the Railway Board's…
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New Delhi:  Adani group company, Adani Wilmar has announced it would acquire popular rice brand Kohinoor from McCormick Switzerland GMBH. The takeover will give Adani Wilmar an exclusive rights over the brand Kohinoor Basmati rice along…
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New Delhi:  The demographical tailwinds with a moderate penetration of life insurance in India and a massive protection gap will fuel the Indian life insurance industry's multi-decadal growth, says financial advisory firm Samco…
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New York:  US banking giant Citigroup has said that one of its traders made an error in the so-called stock market "flash crash" in Europe, the media reported. A flash crash is an extremely fast fall in the price of one or more assets,…
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The question pops up as the four general insurers have decided to restructure the organisation towards profitable growth and have called for Request for Proposal (RFP) from consultancy firms. The assignment is called "Organisational…
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Mumbai: Ten-minute delivery platform Zepto on Tuesday said it has raised $200 million, taking its valuation to around $900 million. Just nine months after launching, Zepto posted a record 800 per cent revenue growth in the last quarter.…
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Chennai:  The garment units in Tirupur, widely known as the garment capital of South India, will down shutters from May 16 to 21 in protest against the hike in prices of cotton yarn. The price of cotton yarn has increased by Rs 40 per kg…
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