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Prime Minister Narendra Modi digitally addresses an event in New Delhi on August 19, 2023. | Photo Credit: PTI Prime Minister Narendra Modi asserted on August 19 that India’s economy is shining as a beacon of hope in these challenging times. “With robust growth and resilient spirit, the future looks promising. Let us keep this…
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Representational image | Photo Credit: Reuters Jewellery maker Titan on Saturday announced increasing stake in its subsidiary and new-age jewellery brand CaratLane to 98.28% by acquiring an additional 27.18% share for ₹4,621 crore. The Tata group-managed firm has entered into a share purchase agreement with CaratLane founders — Mithun Sacheti and Srinivasa Gopalan — and…
Image for representation purpose only. Mahindra & Mahindra is recalling over 1 lakh units of its sports utility vehicle XUV700 to inspect wiring routing in engine bay, as per a regulatory filing. The company said it will inspect wiring loom routing in the engine bay of 1,08,306 units of XUV700 manufactured between June 8, 2021…
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With diminishing agricultural labour within the nation, farm mechanisation has change into one of the vital very important elements for the expansion of sustainable agriculture in Bharat. Hemant Sikka, president, farm apparatus sector, Mahindra & Mahindra, in an unique interview with The Hindusays the rustic’s farm equipment business is predicted to develop from ₹9,200 crores…
Overall market capitalisation of 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday Mumbai: Billionaire Gautam Adani’s ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in…
Read More “Adani Group Market Cap Jumps To 3-Month High, Adds Rs 45,200 Crore On Friday” »
All three global rating agencies have the lowest investment grade rating on India. (File) New Delhi: Moody’s Investors Service on Friday affirmed India’s rating at the lowest investment grade of ‘Baa3’, with a stable outlook, saying high growth will support a gradual increase in income levels, but flagged risks of populist policies due to rise…
Read More “India’s Growth To Outpace All Other G20 Economies For Next 2 Years: Moody’s” »
Banks and NBFCs have been asked to ensure compliance of the RBI’s personal loan instructions Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments. The two decisions are expected to…
Read More “For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details” »
Moody’s on August 18 affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to economic strength. | Photo Credit: Reuters Moody’s on August 18 affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth…
Tata Communications challenged DoT’s Rs 991.5 crore licence fee demand New Delhi: Tata Communications has challenged Telecom Department’s Rs 991.5 crore licence fee demand pertaining to past years, in TDSAT, which has directed the DoT not to take any coercive action till the next hearing, the company said in a filing on Friday. The Department…
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File photo of stock trader looking at a share price on a screen at a brokerage house. | Photo Credit: Vivek Bendre Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65,000 mark on August 18, as investors offloaded IT, teck and metal energy stocks amid a…
Read More “Sensex falls below 65,000; IT, metal stocks weigh on weak global trend” »
