Business News

Rivian Automotive, backed by Amazon.com Inc, on Friday significantly raised the expected offer price of its shares, with the electric vehicle manufacturer aiming for a valuation of as much as $65 billion in its initial public offering.…

Hyderabad, Nov 6 (UNI) State-owned Singareni Collieries Company Limited (SCCL) has achieved a record turnover of Rs 14,067 crore and earned profits to the tune of Rs 868 crore in the first seven months of the current fiscal. The company…

In a precursor to the Union Budget for 2022-23, the Finance Ministry has sought suggestions related to taxation from industry and trade associations. The suggestions have been asked on direct taxes and indirect taxes — excluding goods and…

A TOTAL of 18 states and 6 Union Territories have cut taxes on auto fuel, following the move by the Centre to cut excise duty on petrol and diesel by Rs 5 and Rs 10 per litre, respectively. All 17 NDA-led states, including Gujarat, Uttar…

Big business finally seems to be taking the climate crisis seriously. After years spent lurking on the sidelines, CEOs of the world’s largest banks, companies and investment firms this week took a spot at the center of the debate at COP26.…

Cairn Energy PLC will change its company name to Capricorn Energy PLC from mid-December. Cairn Energy, which gave the country its largest onland oil discovery, had in 2011 sold the India unit, Cairn India to Anil Agarwal’s Vedanta Group.…

Reliance Industries Limited (RIL) on Friday rubbished a media report that suggested that business tycoon Mukesh Ambani and his family are planning to partly reside in London. Terming the report “baseless”, RIL categorically stated that…

New Delhi, Nov 5 (UNI) Denying reports of Mukesh Ambani shifting his base to London, Reliance Industries Ltd (RIL) on Friday issued a clarification rubbishing the speculation. "Reliance Industries Limited will like to clarify that the…

Currency with public has continued to rise even five years after the government announced demonetisation on November 8, 2016. With cash remaining the preferred mode of payment, currency with public for the fortnight ended October 8, 2021…

The benchmark equity indices on the BSE and National Stock Exchange (NSE) ended nearly 0.5 per cent higher during the special Muhurat trading session on Thursday to mark the beginning of Samvat 2078. The gains were led by automobiles,…

Paytm IPO: One97 Communications, the parent entity of digital payments firm Paytm, has raised Rs 8,235 crore from 122 anchor investors ahead of its Rs 18,300 crore initial public offering (IPO). According to the data available from the…

Petrol and diesel price today: A day after the central government announced a cut in excise duty on petrol and diesel, the key auto fuel prices dropped from their record highs across the country on Thursday, November 4, 2021. In the…

Thiruvananthapuram, Nov 4 (UNI) 'Ten Minutes a Day to Make Life Successful' authored by VK Anil Kumar, motivational speaker and a career counsellor, highlights how spiritual quotient can nullify the most threatening factor -- risk -- of the…

Millions of dollars vanished in a matter of minutes after investors piled into a new cryptocurrency inspired by “Squid Game,” the popular Netflix survival series, only to watch its value plunge to nearly zero in a few short hours. The…

Former CMs Omar Abdullah & Mehbooba Mufti issue conflicting statements on Pakistan backtracks

Washington, Nov 3 (UNI/Sputnik) The most significant challenge for the United States from China is the pace at which the latter is developing its technology in space, US Space Force Lt. Gen. Chance Saltzman said on Wednesday. "The most…

Moscow, Nov 3 (UNI/Sputnik) Five  people died in the crash of a Russian An-12 cargo plane near Irkutsk, and the fate of five more people remains uncertain, a spokesman for emergency services told Sputnik on Wednesday. "According to…

State Bank of India (SBI) on Wednesday reported a net profit of Rs 7,626 crore — the highest ever for the bank — for the quarter ended September 30, 2021, up 67 per cent from Rs 4,574 crore in the corresponding quarter of last year. The…

The services sector, which took the biggest hit when the Covid pandemic hit the country last year, staged a strong growth in October, driven by an uptick of demand and sentiments ahead of the festive season, a monthly survey said on…

The blockbuster week of initial public offerings (IPOs) came to an end on Wednesday with three IPOs – Policybazaar operator PB Fintech, SJS Enterprises and Sigachi Industries – which were launched earlier this week, got oversubscribed.…