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Govt fine tuning new strategy on free trade pacts
Business

Govt fine tuning new strategy on free trade pacts

New Delhi, May 28; Ministry of Commerce and Industry has chalked out a new strategy for negotiations in Free Trade Agreements (FTAs) which will lay greater emphasis on economic assessment and modelling of FTAs, services and digital trade in FTAs, and leverage India’s FTAs to address emerging areas...
P&G Hygiene and Health Care appoints Mrinalini Srinivasan as new CFO
Business

P&G Hygiene and Health Care appoints Mrinalini Srinivasan as new CFO

New Delhi, May 28: Procter & Gamble (P&G) Hygiene and Health Care on Tuesday announced the appointment of Mrinalini Srinivasan as the company's Chief Financial Officer from June 29. She will be taking over the role from Prashant Bhatnagar, who will leave the company after about 28 years of...
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz
Business

Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz

Mumbai, May 28: Adani Enterprises Ltd (AEL) on Tuesday announced to raise Rs 16,600 crore via qualified institutional placement (QIP) or other permissible mode in one or more tranches and in accordance with the applicable laws, as it aims to aggressively expand its businesses.The board of directors...
Govt bonds worth Rs 29,000 crore coming up for auction on May 31
Business

Govt bonds worth Rs 29,000 crore coming up for auction on May 31

New Delhi, May 27: The Finance Ministry on Monday announced the sale of government bonds worth Rs 29,000 crore in three lots through auctions to be conducted by the Reserve Bank of India in Mumbai on May 31.The first lot comprises “New Government Security 2029” for a notified amount of 12,000 crore...
Sensex trades higher after opening at record level
Business

Sensex trades higher after opening at record level

Mumbai, May 27: India equity benchmarks opened at record levels on Monday following positive action in global peers. At the opening, Senex and Nifty hit new all time highs of 75,679 and 23,043 respectively. At 10.20 a.m., Sensex was up 60 points or 0.08 per cent, at 75,465 points, and Nifty was...
Zypp Electric raises $15 mn to expand company’s fleet, domestic operations
Business

Zypp Electric raises $15 mn to expand company’s fleet, domestic operations

New Delhi, May 27: Tech enabled EV as a service platform Zypp Electric said on Monday that it raised $15 million to expand the company's fleet from 21,000 to 2,00,000 electric scooters and domestic operations to 15 cities across the country by 2026. The round was led by Japanese major ENEOS, along...
Nazara Tech promoter sells 6.3 pc equity to Plutus Wealth Management
Business

Nazara Tech promoter sells 6.3 pc equity to Plutus Wealth Management

New Delhi, May 27: Gaming and sports media platform Nazara Technologies, on Monday, said that its promoter Mitter Infotech has sold 48.84 lakh equity shares, or 6.36 percent of its stake in the company, to Plutus Wealth Management.The block stock deal will provide liquidity for the promoters who...
Docking of largest container ship shows Mundra Port
Business

Docking of largest container ship shows Mundra Port's unmatched capabilities:...

New Delhi, May 26: The docking of the largest container ship ever at an Indian port highlights Mundra's unmatched capabilities and a testimony to the company’s nation building efforts, Karan Adani, Managing Director, Adani Ports and Special Economic Zone (APSEZ), said on Sunday. The company earlier...
NSE to launch one paisa ticket size for stocks below Rs 250 from June 10
Business

NSE to launch one paisa ticket size for stocks below Rs 250 from June 10

Mumbai, May 27: The National Stock Exchange is set to launch a new one paisa ticket for stocks below the trading price of Rs 250 per share, according to the NSE circular. As per the circular, the measure will be implemented from June 10. At present the share has a ticket size of at least 5 paise....
Investors shrug off toolkit against Adani Group, key portfolio firms
Business

Investors shrug off toolkit against Adani Group, key portfolio firms' stock...

Mumbai, May 24: The key portfolio companies of the Adani Group on Friday continued their sharp rally, with the flagship Adani Enterprises Ltd (AEL) regaining losses of more than $30 billion that accrued after the short seller firm Hindenburg's report.The Adani Enterprises stock has registered a rise...
India only country among world
Business

India only country among world's top 5 to register rise in steel production in...

New Delhi, May 23: India is the only country among the world's top steel producing nations to post a growth in steel production during April this year, according to figures compiled by the World Steel Association. India, the second largest steel producer in the world next to China produced 12.1...
X platform now has 600 million monthly active users: Musk
Business

X platform now has 600 million monthly active users: Musk

New Delhi, May 24: Tesla CEO Elon Musk on Friday said that his X social media platform has reached 600 million monthly active users (MAUs). Musk, who acquired the platform in 2022 for $44 billion, is making it an “everything app” where people can post movies and TV shows and also make digital...
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