Sensex rises 455 pts to end at over week’s high on early monsoon, easing trade worries
MUMBAI: Benchmark Sensex on Monday advanced by 455 points to close at over a week’s high due to buying in auto and IT shares following positive macro factors and easing trade worries as US President Donald Trump delayed 50 per cent EU tariffs to July 9. Rising for the second session, the 30-share BSE Sensex […]
Zepto CEO Aadit Palicha accuses rival company’s CFO of smear campaign
NEW DELHI : Zepto Co-Founder and CEO Aadit Palicha has accused the chief financial officer of a competing company of orchestrating a smear campaign against his quick commerce platform. In a LinkedIn post on late Sunday, Palicha, not taking names, alleged that the CFO of one of Zepto’s competitor firms has been reaching out to […]
Welspun Enterprises board re-appoints Balkrishan Goenka as chairman; Sandeep Garg as MD
NEW DELHI,: Welspun Enterprises on Monday said its board has approved the reappointment of Balkrishan Goenka as Chairman (Executive) of the company. The board has also approved the reappointment of Sandeep Garg as the Managing Director of the company, Welspun Enterprises Ltd (WEL) said in an exchange filing. Goenka’s reappointment as the Whole-time Director, […]
Jio seeks DoT approval to use 26 GHz band spectrum for WiFi
NEW DELHI, : Reliance Jio has approached the telecom department’s Telecommunication Engineering Centre (TEC) to seek approval to use radiowaves in a 26 GHz band for WiFi services. The request was made last week, sources said. According to sources, Jio has approached TEC – the technical arm of the Department of Telecommunications (DoT) – […]
Alcohol makers seek phased import duty cuts, strong safeguards to prevent EU FTA misuse
NEW DELHI: Alcoholic beverage maker’s body CIABC has urged the government to adopt a phased reduction in import duties on liquor products under the proposed India-EU free trade agreement (FTA), while calling for strong safeguards to prevent misuse of trade concessions under the pact. In a submission to the commerce ministry, Confederation of Indian […]
Auxilo Finserve offers interest-free fee financing to education sector
MUMBAI: Education-focused NBFC on Monday said it has launched an interest-free school and tuition fee financing solution to tap an estimated USD 52 billion private education market of the country.The solution, IndiaEd, addresses the growing financial challenges faced by students and educational institutions alike, Anand Subramaniam, Chief Business Officer – Domestic Loans, Auxilo Finserve said.“Starting […]
Groww files IPO papers via confidential filing route; seeks to raise up to USD 1-bn
NEW DELHI,: Stock broking firm Groww has filed draft papers with markets regulator Sebi for an initial public offering (IPO) estimated to be around USD 700 million to USD 1 billion through a confidential pre-filing route, people familiar with the development said on Monday. The IPO is a combination of a fresh issue of equity […]
RBI’s bumper dividend eases govt’s fiscal position, says SBI report
NEW DELHI: The Reserve Bank of India’s bumper dividend of about Rs 2.7 lakh crore will ease the fiscal position of the government and help bolster growth in the world’s fourth-largest economy, economist at SBI said in a report. Finance Minister Nirmala Sitharaman in her Budget for 2025-26 projected a dividend income of Rs 2.56 […]
Establish centralised oversight mechanism for tribunals: CII
NEW DELHI: Establishing a centralised oversight institution for tribunals would significantly enhance India’s justice delivery system, making it more responsive and efficient, industry body CII said on Sunday. This move would also boost regulatory credibility, improve ease of doing business, and increase investor confidence, Confederation of Indian Industry (CII) added. To provide legislative backing to […]
India registers 3-fold growth in renewable energy capacity to 232GW in last decade
NEW DELHI,: India has logged threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching 232GW, including large hydro power plants, currently compared to 75.52GW capacity in March 2014, official sources said. India has emerged as a global front runner in renewable energy space as the traiff […]
