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Ashok Leyland Managing Director and CEO Shenu Agarwal, Executive Chairman Dheeraj Hinduja and Switch Mobility CEO Mahesh Babu addressing the media on the occasion of company’s 75th anniversary in Chennai. | Photo Credit: N. Anand Ashok Leyland Ltd (ALL), which is currently celebrating 75th years of service, is planning to expand its global footprint and…
Read More “Ashok Leyland plans to expand global footprint with EVs” »
Image for representational purposes The story so far: Striving to further consolidate regulations pertaining to mergers, particularly those relating to the digital ecosystem, the Competition Commission of India (CCI) on September 5 floated a consultation paper proposing the CCI (Combinations) Regulations, 2023. The proposed code would replace the existing regulations, initially formulated in 2011. It…
Read More “The Competition Commission’s proposed regulations on merger thresholds | Explained” »
The rupee snapped a four-day losing streak to close 21 paise higher at 83.02 against the U.S. Dollar on Friday, aided by the currency’s flow into domestic equities and likely supported by intervention from the Reserve Bank of India (RBI) The Indian currency had hit its lifetime low of 83.23 against the U.S. Dollar on…
Read More “Rupee snaps 4-day losing streak, gains 21 paise against U.S. Dollar” »
Around half a million metric tons of urea are held up at Chinese ports after China curbed exports of the key fertiliser following a price surge, an analyst and Indian company official said. As the world’s largest producer of urea, China accounts for about a third of global supplies of the nitrogen-based fertiliser, which is…
Read More “China slows fertiliser exports, raising industry concerns in India” »
New Delhi: Billionaire Gautam Adani’s group on Friday said it has formed an equal joint venture with Japanese trading house Kowa Group for marketing of green ammonia and green hydrogen produced by the Indian conglomerate. “Adani Global Pte Ltd, Singapore, a step-down wholly-owned subsidiary of (Adani Enterprises Ltd) has signed a joint venture agreement with…
Read More “Adani Group Forms Joint Venture With Japanese Trading House Kowa Group” »
Benchmark BSE Sensex rallied further 333 points to extend its winning run to a sixth straight session on Friday driven by buying in index heavyweights HDFC Bank, Larsen & Toubro and Reliance Industries. Shrugging off weak global market trends, the BSE Sensex jumped 333.35 points or 0.50% to close at 66,598.91. During the day, it…
Read More “Stock markets rally for 6th day running on buying in HDFC Bank, L&T, RIL” »
The rupee rates in the last six days. | Photo Credit: PTI The rupee snapped a four-day losing streak to close 24 paise higher at 82.99 (provisional) against the U.S. dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by the RBI. Besides, the local unit appreciated after the Reserve…
Read More “Rupee rises 24 paise to close at 82.99 against U.S. dollar” »
A Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai. File | Photo Credit: Reuters RBI has decided to discontinue the incremental Cash Reserve Ratio (I-CRR) in a phased manner. “Based on an assessment of current and evolving liquidity conditions, it has been decided that the amounts impounded under the I-CRR…
Read More “RBI decides to discontinue I-CRR in a phased manner” »
The government said the 3rd phase of mandatory hallmarking of gold has come into force New Delhi: The government on Friday said the third phase of mandatory hallmarking of gold jewellery and artefacts has come into force in 55 new districts in 16 states and one Union territory. Gold hallmarking is a purity certification of…
Read More “3rd Phase Of Mandatory Gold Hallmarking Begins In 55 New Districts Across 17 States” »
India needs to grow at 8-9% for the next 20 years to become a developed nation by 2047 as envisioned by Prime Minister Narendra Modi, Deloitte South Asia CEO Romal Shetty said. He said India can benefit from the ‘China plus one’ strategy as no other country can offer the scale and size of operations…
