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Stock markets open on a high, auto & pharma shares lead
Business

Stock markets open on a high, auto & pharma shares lead

Mumbai, July 9: The benchmark indices opened on a high on Tuesday, with Sensex crossing the 80,000 mark again led by auto and pharma stocks, gaining over 200 points in morning trade. The NSE Nifty rose by 47 points and was trading at 24,368. According to analysts, the market attention is now turning...
Rakesh Ramanlal Shah appointed Honorary Consul of Sri Lanka in Gujarat, receives Commission of Appointment
Business

Rakesh Ramanlal Shah appointed Honorary Consul of Sri Lanka in Gujarat, receives...

New Delhi, July 8: Rakesh Ramanlal Shah, Chairman & Managing Director of GSEC Ltd, who was appointed as the Honorary Consul for Sri Lanka in Ahmedabad by the Sri Lankan government, received his Commission of Appointment on Monday from High Commissioner Kshenuka Senewiratne. His consular...
MGL hikes CNG-PNG prices for Mumbai consumers
Business

MGL hikes CNG-PNG prices for Mumbai consumers

Mumbai, July 8:The Mahanagar Gas Ltd has hiked the prices of CNG by Rs 1.50/kg and domestic PNG by Rs 1/SCM in Mumbai and its surrounding areas with effect from midnight (July 8-9) on Monday, an official said. Accordingly, the price of CNG will go up from Rs 73.50/kg to Rs 75/kg, and the rate of...
July begins with healthy rainfall, sowing status better than last year: Report
Business

July begins with healthy rainfall, sowing status better than last year: Report

New Delhi, July 8: Signalling a normal monsoon ahead, The cumulative rainfall reached 1 per cent above the long-term average (as on July 6) while weekly rainfall (as on July 3) was 32 per cent above the long-term average in the country, a report showed on Monday. Spatial divergence has reduced with...
First Airbus A320 Neo aircraft for Air India arrives in New Delhi
Business

First Airbus A320 Neo aircraft for Air India arrives in New Delhi

New Delhi, July 7: Air India on Sunday welcomed its first narrow body aircraft Airbus A320neo, which landed at the Indira Gandhi International Airport from the Airbus facility in Toulouse, France. The A320neo aircraft joining the Air India fleet will feature a three class configuration: eight...
LG Energy Solution’s operating profit plunges 58 pc as EV sales slip
Business

LG Energy Solution’s operating profit plunges 58 pc as EV sales slip

Seoul, July 8: LG Energy Solution Ltd (LGES), South Korea's leading battery maker, said on Monday its second-quarter operating profit plunged 58 per cent from a year earlier due to slowing sales of electric vehicles. Operating profit for the three months ended in June is estimated to have plummeted...
Welspun One raises Rs 2,275 crore to boost logistics infra in India
Business

Welspun One raises Rs 2,275 crore to boost logistics infra in India

Mumbai, July 8: Integrated fund and development management platform Welspun One on Monday said it has raised a second fund worth Rs 2,275 crore, inclusive of co-investment commitments, to strengthen logistics infrastructure in the country. The funds were raised from a diverse pool of approximately...
Consulting firm Mercer appoints Siddhartha Gupta as India President
Business

Consulting firm Mercer appoints Siddhartha Gupta as India President

New Delhi, July 8: US-based consulting firm Mercer on Monday announced the appointment of Siddhartha Gupta as its India President. Gupta brings a wealth of experience and expertise to this role, having most recently served as Mercer Mettl's Chief Executive Officer."I am excited to take on this role...
Users will be able to make UPI payments to UAE merchants now
Business

Users will be able to make UPI payments to UAE merchants now

New Delhi, July 4: The Indian Government has been pushing UPI globally for faster digital payments. Now, UPI will be available in the Middle East country UAE as well. NPCI International Payments Limited has partnered with Network International, a large digital commerce company in the Middle East and...
AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay
Business

AstraZeneca to expand its Chennai GCC at Rs 250 crore outlay

Chennai, July 4: AstraZeneca India Private Limited (AZIPL), the Global Capability Centre (GCC) of the pharma group AstraZeneca on Thursday said it will invest Rs 250 crore on expanding its Global Innovation and Technology Centre (GITC) here. The expansion includes close to 1,300 roles focused...
Increased funding from domestic sources vital to drive India’s startup movement: Amitabh Kant
Business

Increased funding from domestic sources vital to drive India’s startup movement:...

New Delhi, July 4: To drive India's startup movement, increased funding from domestic sources is required, G20 Sherpa and former NITI Aayog CEO Amitabh Kant said on Thursday. "We need to increase domestic sources of capital for startups," Kant wrote in a post on X.According to him, presently,...
Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges
Business

Indian FMCG sector to see revenue jump 7-9 pc this fiscal, rural demand surges

New Delhi, July 4: Riding on higher volume growth, revival in rural demand and steady urban growth, the fast-moving consumer goods (FMCG) sector in India is projected to see revenue grow 7-9 per cent this fiscal (FY25), said a report on Thursday. The growth in FY25 follows an estimated 5-7 per cent...
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