Business News


Sensex snaps 5-day rout, rebounds 367 points

The BSE gauge ended 366.64 points or 0.64 per cent higher at 57,858.15.  Similarly, the NSE Nifty rose 128.85 points or 0.75 per cent to close at 17,277.95.

published : 14 minutes ago

Smartron Group secures up to $200mn capital commitment from GEM Group

This will support the company's future growth and potential public listing plans.

published : 17 minutes ago

IPO-bound OYO gets listing approval from BSE, NSE 

OYO has filed preliminary documents for a Rs 8,430 crore initial public offering.

published : 1 hour ago

Pushp Kumar Joshi to be new chairman of HPCL 

The recommendation will now go to the Appointments Committee of the Cabinet headed by PM Modi. ACC will decide on his selection after getting reports from anti-corruption agencies.

published : 1 hour ago

Hero Electric partners with ALT Mobility to deploy 10,000 Hero Nyx by 2023 

Under the collaboration, the companies will work with logistic aggregators and fleet operators to deploy 10,000 Hero Nyx electric scooters by 2023.

published : 1 hour ago

Future Retail files petition in SC, seeks extension to make Rs 3,500 crore payments to lenders

Future has failed to close its $3.4 billion deal to sell its retail assets to market leader Reliance Industries due to the tussle with US e-commerce major Amazon

published : 2 hours ago

Axis Bank shares jump nearly five per cent after three-fold rise in third quarter

Its non-interest income grew 15 per cent to Rs 3,344 crore, helped by a 16 per cent growth in the retail fees which now constitutes 65 per cent of the income line.

published : 5 hours ago

Future Retail misses servicing of interest payment on dollar denominated notes

The terms of issuance of the USD Notes provides for an additional period of 30 days for payment of interest from the due date, in case FRL misses the original due date.

published : 5 hours ago

Finance Ministry tweaks spending norms for Contingency Fund of India

The fund is held by the Department of Economic Affairs on behalf of the President of India and it can be operated by executive action.

published : 5 hours ago

Mobile services rates of Vodafone Idea may see another hike in 2022

Vodafone Idea MD and CEO Ravinder Takkar during the earnings call said that the minimum price of Rs 99 is not an expensive proposition for those who are using 4G services.

published : 5 hours ago

Darwinbox raises USD 72 million; becomes first unicorn from Hyderabad

The investment round was led by Technology Crossover Ventures along with participation from existing investors Salesforce Ventures, Sequoia, Lightspeed, Endiya Partners and 3One4Capital.

published : 5 hours ago

Budget 2022: What can make individual taxpayers happy

Apart from exempting senior citizens from submitting ITRs in exceptional circumstances, no meaningful tax relief has been offered to the salaried class in prior years.

published : 6 hours ago

Sensex slumps just above 56400 in opening session, Nifty tanks under 17000-mark

Tthe sectors that were trading low included consumer durables, realty, information technology, capital goods, healthcare among others.

published : 6 hours ago

DealShare to turn unicorn with fresh funding round; targets 10 time more growth

The platform is funded by Tiger Global, WestBridge Capital and Alpha Wave Incubation, DST Global, Matrix Partners India, Z3Partners and Alteria Capital.

published : 7 hours ago

Burger King India's loss narrows to Rs 15 crore in third quarter of FY2021-22

Revenue from operations at the fast food chain was up 71.51 per cent to Rs 279.89 crore during the quarter under review as against Rs 163.19 crore in the year-ago period.

published : 7 hours ago