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Economy
Govt interventions, good crop helped bring down edible oil prices: Food Secretary
New Delh: Despite high international prices, the government interventions aided by increased oil seeds production has helped bring down edible oil prices in recent months, the Food Secretary said on Thursday.
"When you are dependent!-->…
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IPO Rush: Offerings to see healthy response in 2022; pricing key concern
Accordingly, a number of IPOs are expected to hit the market. These might include the ones from LIC and NSE.
Further, new age companies are likely to come up with IPOs in 2022 including Pharmeasy, Delhivery, MobiKwik and Ixigo.
This!-->…
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Dec portfolio outflow of $ 3.7 bn from India largest in pandemic era
New Delhi: The recent hawkish narrative from key central banks in the developed economies along with uncertainty with respect to Omicron has resulted in $ 3.7 billion portfolio outflow from the Indian financial markets in December 2021!-->…
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Indian equities marginally up in early trade
New Delhi: The 30-scrip Sensitive Index (Sensex) and broader 50-scrip Nifty at National Stock Exchange (NSE) traded range bound with positive bias on Thursday morning.
At 10 a.m., Sensex traded at 57,882 points, up 0.1 per cent from its!-->…
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Rising Covid cases, soft global cues subdue equities; metal stocks fall
Mumbai: India's key equity indices -- S&P BSE Sensex and NSE Nifty50 -- broke their two-day winning streak on Wednesday amid low volumes.
Besides, rising domestic cases of Covid-19 also subdued investor sentiments.
Initially, the!-->…
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Amul to set up Rs 500 crore plant in Telangana
Hyderabad: Dairy giant Amul on Wednesday announced setting of their largest state-of-the-art plant in Telangana with an investment of Rs 500 crore in two phases.
The plant will come up in a special food processing zone with an!-->…
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Bajaj Auto to invest Rs 300 cr for new EV making unit
New Delhi: Two-and-three wheeler manufacturer Bajaj Auto on Wednesday announced an investment of Rs 300 crore for a brand-new unit at Akurdi for manufacturing EVs.
The company said it has commenced work for the new unit.
The company!-->…
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RBL Bank depositors protected, unanswered questions remain: AIBEA
Chennai: Depositors of the RBL Bank Ltd need not worry about the safety of their money as Section 45 of Banking Regulation Act will protect their interests, said a top leader of All India Bank Employees' Association (AIBEA).
He also!-->…
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GlobalBees is latest unicorn with $ 111.5 raise in round led by Premji Invest
New Delhi: GlobalBees, a leading roll-up e-commerce company, has secured $ 111.5 million in series B funding led by Premji Invest.
The round also saw participation from existing investors, including SoftBank and FirstCry, while!-->…
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IPO flows to strengthen rupee in 2022; tighter policy likely dampener
Besides, strong forex reserves coupled with rising exports is expected to support the trend.
However, likely stiffening of monetary policy rates along with faster US taper and a rise in crude oil prices will trigger volatility.
In 2021,!-->…
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