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Economy
Sunflag up 73% in April; Co says scrip movement market-driven
New Delhi : Shares of steel manufacturer Sunflag Iron & Steel have surged 73 per cent so far April. On Tuesday, in an otherwise weak equity market, the steel producer's stocks rose nearly 8 per cent.
Upon seeing such a sharp rally in!-->…
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Equity indices in red for fifth day in a row; high inflation weighs
New Delhi : India's benchmark equity indices extended their fall for the fifth session in a row to settle lower on Tuesday.
Sensex settled at 56,463 points, down 704 points or 1.23 per cent, while Nifty settled at 16,959 points, down 215!-->…
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Shares of HDFC twins on a downtrend since announcement of merger
New Delhi : Shares of HDFC twins - HDFC Bank and HDFC – have been on a bearish trend right after the announcement of the merger.
The shares of the two HDFC companies declined 17 per cent and 18 per cent, respectively, since the news of!-->…
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Prakriti E-mobility secures investment from Europe’s IEG as part of $5 million Pre-Series A…
New Delhi: Furthering its initiative of creating a healthy and green environment, Prakriti E-mobility - an electric mobility firm - recently secured an investment from Europe's growth-focused IEG Investment Banking Group as part of its!-->…
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India’s policy challenges to hinder net-zero progress, putting onus on private cos:…
New Delhi: India's 2070 net-zero target and intermediate goals through 2030 present significant policy implementation challenges for the government, carving a more central role for private companies and investors to drive the transition,!-->…
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BlueKaktus integrating 5000+ vendors and enabling leading fashion brands to become sustainable
New Delhi: The fashion and apparel industry has taken a sharp pivot towards sustainability in the recent years. Fashion brands are actively integrating innovative environmental, social and economic practices in their manufacturing and!-->…
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TN targets Rs 23 lakh cr investments in manufacturing sector
Chennai : Manufacturing sector in the state has to take the centre-stage in economic development so that Tamil Nadu can progress towards the $1 trillion economy by 2030-21, said Minister for Industries Thangam Thennarasu on Tuesday.!-->…
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IMF commends steps taken by Sri Lanka to stabilise economy
Colombo : The International Monetary Fund (IMF) has commended the steps already taken by Sri Lanka to stabilise its economy, the Sri Lankan Finance Ministry said in a press release here on Tuesday.
The ministry said Finance Minister Ali!-->…
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OMCs might require to further raise fuel prices: Fitch Ratings
Mumbai : Further hikes in retail fuel prices may be required for state-run oil marketing companies' marketing margins to reach pre-November levels, Fitch Ratings said on Tuesday.
Notably, the November 2021-March 2022 was one of the!-->…
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TANCEM to set up 10 MW solar power plant for captive use
Chennai : Tamil Nadu Cement Corporation Ltd (TANCEM) will be setting up a 10 MW solar power plant at an outlay of Rs 65 crore for captive use, said Minister for Industries Thangam Thennarasu on Tuesday.
As per the Policy Note presented!-->…
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