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HDFC twins, fear of global banking crisis pull down mkt
Dragged by HDFC twins on concerns of post-merger fund outflow and fear of a global banking crisis, domestic equity market tumbled more than 1% on Friday.
CAs, CS unhappy with govt move to bring them under PMLA
He added that this is not appropriate as all professionals should be treated equally in the eyes of law.
Government to launch special drive to detect fake GSTINs
The government is planning a major crackdown on GST evasion with a nation-wide special drive to detect fake and suspicious GST registrations.
Volkswagen sees sales slump in China, vows rebound this year
The number of vehicles sold rose 7.5 per cent, to 2.04 million. Revenue jumped by 21.5 per cent, to 76.2 billion euros, as VW saw strong demand and increased pricing power
Ola Electric, Ather to refund charger cost to e-scooter buyers
Ola did not provide the details regarding the amount it planned to reimburse. Reports citing government officials had pegged the amount to be around Rs 130 crore.
Adani Ports and Special Economic Zone sells Myanmar Port for USD 30 million
APSEZ chief executive officer and whole-time director Karan Adani said that this exit is in line with the guidance provided by the APSEZ Board.
Zoom gets pan-India telecom licence
With these licences, the company will be able to offer its cloud-based PBX service 'Zoom Phone' to multinational corporations (MNCs) and businesses operating in India, the company said.
QR codes for donation appear near Badrinath, Kedarnath; temple committee files complaint
The chairman of the temple committee said so far applications like Paytm are not being used by the temple committee.
Commercial LPG cylinder prices slashed by Rs 171.5 per unit
After the move, the latest retail price of a 19 kg LPG cylinder in Delhi now stands at Rs 1,856.50.
IT firms optimistic on BFSI sector amid shake-up
For top IT firms in India, the BFSI sector in the US is the key revenue segment but with the recent banking crisis, growth in the firms has been hit.
India’s coal production rises 8.6% to 73 mn tonnes in April 2023
Coal India Ltd (CIL) reported production of 57.57 million tonnes in April 2023 as against 53.47 million tonnes of the year-ago period, thus showing a rise of 7.67 per cent.
Private fuel retailers Reliance-bp, Nayara Energy price petrol & diesel at market rates
However, Jio-bp -- the brand under which RBML retails fuel -- isn't selling regular diesel but high performance diesel designed for Indian vehicles and roads to give better fuel economy.
ED searches: Byju’s CEO says brought more FDI to India than any other startup
ED had on Saturday searched three premises in Bengaluru linked to the company over alleged foreign exchange law violations.
FPIs invest Rs 11,630 cr in equities in April on reasonable valuation, rupee appreciation
In the first half of April, FPIs showed strong buying activity, indicating a renewed sense of optimism in the Indian equity market.
India market regulator SEBI approaches SC seeking six-month extension to complete Adani probe
SEBI has also told SC that it may require to depose “key managerial persons” from the seven listed Adani companies before the investigation into the allegations made by Hindenburg can be concluded.
Market regulator Securities and…
Global companies eyeing SE Asia, India & US following growing scrutiny, pressure in China
This week, Bain & Co. said police questioned staff in its Shanghai office. The consulting company gave no details of what investigators were looking for.
S Mohanty appointed as LIC Chairman
As per the guidelines, the chairman is selected from the four managing directors of the company.
Sensex revisits 61,000, Nifty above 18,000; RIL, ITC stocks spurt
Wipro was the biggest gainer in the Sensex pack, rising 2.89 per cent, followed by Nestle, State Bank of India, Larsen & Toubro, ITC, Tech Mahindra, Reliance Industries, etc.
Eight core sector industries post 3.6 per cent growth in March; slowest in 5-month
The output of crude oil declined by 2.8 per cent, power by 1.8 per cent and cement by 0.8 per cent in March this year.
Vedanta chief Agarwal makes ‘zero debt’ pledge, says ‘very comfortable’…
Earlier this week, Vedanta Resources Ltd, the parent company of Mumbai-listed mining giant Vedanta Ltd, said it has paid all its maturing loans and bonds due in this month to reduce its gross debt.