Business News

JFS shares closed in green on Friday after hitting lower circuit for five straight sessions.

New Delhi/Raghunathpur: REC Limited has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project (2x660 MW) at Raghunathpur in West Bengal, according to…

The proceeds from the offering, which totaled Rs. 59.50 crore, will be put to use financing an expansion of the company's production facilities in Nashik as well as for other general corporate purposes.

The Indian government did not agree with Tesla's proposal that import taxes be lowered on the company's automobiles and hence denied the request.

It is anticipated that India would have an economy of between 33 and 40 trillion United States dollars by the time it celebrates its centenary of independence in the year 2047.

The central bank increased its key rate to 15 percent from 8.5 percent at the first meeting chaired by former Wall Street executive Hafize Gaye Erkan in June.

Google's latest steps include expanding its "Ads Transparency Center", where users will find more information about targeting for ads in the European Union.

According to sources, several ministries have been pushing for PLI schemes for their respective sectors, many of which are already doing well without support of the scheme.

The private sector project announcements during the quarter were up 11.6% against the corresponding period of the previous year.

The government says nearly 80 million tonnes (MT) of coal is available with thermal power plants and Coal India Limited.

The oral and personal care company remained upbeat about growth under new CEO Prabha Narasimhan and plans to launch more scientific-based oral care products.

ICRA expects Q1 GDP growth to be around 8.5 per cent, SBI estimates economic growth at 8.3 per cent.

The telco recently cleared pending dues of licence fees and spectrum usage charges of about Rs 450 crore for the March quarter of 2022-23.

Thai authorities have already appealed to Facebook parent company Meta to take down fraudulent ads, leading to more than 5,000 being blocked, but that the problem persists.

The company's public offering opened on Tuesday morning Tuesday (August 22) and the closing date is Thursday (August 24)

From the Sensex pack, ITC, Mahindra & Mahindra, Wipro, Larsen & Toubro, Axis Bank, Tata Steel, Maruti and Bharti Airtel were the major gainers.

Dollar witnessed its longest winning streak in the last 15 months following safe haven buying on the back of uncertainty in China and better-than-expected economic numbers from the US,.

India’s lower external debt and relatively strong fiscal situation may also come as a shield against the crisis playing out in China.

Exports of goods and services rose by 1.5 per cent to USD 385.4 billion during January-June this year, as against USD 379.5 billion in January-June 2022.

Shares of the company listed at Rs 262 on the NSE but later declined 4.94 per cent to Rs 248.90 -- its lower circuit limit.