News

FPIs tune in to hum of capital goods as capex cycle turns

ET News - 2 hours 24 min ago
On a year-to-date basis ending February, capital goods sector stocks received cumulative inflows of $448 million (Rs 3,270 crore), equivalent to 7.21 per cent of total FPI inflows in the same period.
Categories: Business News

Promoters hike stake in own cos as revival picks up steam

ET News - 2 hours 24 min ago
Big shareholders including founders raising stakes in companies is often considered a positive indicator of their prospects. The logic is promoters are usually most knowledgeable about their firms’ prospects.
Categories: Business News

Generics company Emcure plans Rs 4,000 crore IPO

ET News - 2 hours 24 min ago
Emcure may appoint as many as six bankers for the IPO including JM Financial, Kotak Capital, Axis Capital and SBI Capital, the people said. The terms are likely to be decided in the next few weeks.
Categories: Business News

Banks seek time on standing instructions

ET News - 2 hours 24 min ago
Banks have also requested RBI to exclude transactions against pre-existing standing instructions and those with international merchants from the new conditions for e-mandates on cards for recurring transactions.
Categories: Business News

Pricing power, higher volume boosts Concor's outlook

ET News - 2 hours 24 min ago
If the surcharge is sustained, Concor’s realisation may improve by 4.5-5% for FY22 compared with the earlier assumption of 2-2.5% growth.
Categories: Business News

Companies opt for tax settlement scheme, face probe

ET News - 2 hours 24 min ago
Sabka Vishwas (Legacy Dispute Resolution) Scheme, or SVLDR, was introduced to clear the backlog of erstwhile indirect tax disputes for companies to get over with service tax and other ongoing disputes. The scheme, introduced in 2019, was aimed at freeing “a large number of small taxpayers of their pending disputes with the tax administration”.
Categories: Business News

America's $1.9 trillion rescue package could throw a spanner in RBI's recovery plans

ET News - 2 hours 24 min ago
In India, the government is following a borrow-to-grow strategy but the RBI, while helping keep the government’s borrowing cost low, is geared to keep inflation under control. The contradictory impulses would be tough to balance.
Categories: Business News

SolarWinds breach unlikely to ground Indian IT companies: Analysts

ET News - 2 hours 24 min ago
“I think this is something (on which) there is a lot of discussion going on. At this stage, we are carefully evaluating it,” said Salil Parekh, CEO, Infosys. Wipro said it does not see any impact. “Wipro does not use SolarWinds Orion product for its internal IT operations and there is no impact on the company.”
Categories: Business News

IBM CEO Arvind Krishna to take over as chairman

ET News - 2 hours 24 min ago
International Business Machines Corp said on Wednesday Chief Executive Officer Arvind Krishna would take over as chairman from Jan. 1, replacing Ginni Rometty, who stepped down as its long-time CEO earlier this year.
Categories: Business News

Gold price today at Rs 44,520 per 10 gm, silver trending at Rs 65,700/kg

Business Standard - 2 hours 34 min ago
In New Delhi, the price of 22-carat gold inched up by Rs 10 to Rs 43,860 per 10 gm, while in Chennai it increased by Rs 10 to Rs 42,170. In Mumbai, the rate rose to Rs 43,520
Categories: Business News

Top headlines: Apple's India plans, raw material crunch for vax maker, and more

Business Standard - 2 hours 36 min ago
With just about a fortnight left for the suspension on fresh corporate insolvency cases to end, government sources have indicated that another extension is unlikely
Categories: Business News

Australia suspends defence cooperation with Myanmar over military coup

Business Standard - 2 hours 38 min ago
Australia has suspended its defence cooperation with Myanmar and is redirecting humanitarian aid because of the military takeover of the government and ongoing detention of an Australian citizen. Foreign Minister Marise Payne said on Monday that Australian diplomats only had access to economic policy adviser Sean Turnell twice since he was detained in early February. She described the access as very limited consular support. We continue to absolutely call for the release of Professor Sean Turnell, Payne told Australian Broadcasting Corp. Australia announced late Sunday it had suspended a defense training program with Myanmar worth about 1.5 million Australian dollars ($1.2 million) over five years. The program had been restricted to non-combat areas such as English-language training. Australian humanitarian aid will be directed away from Myanmar government and government-related entities. Instead it will focus on the immediate humanitarian needs of the most vulnerable and poor in
Categories: Business News

Japan's bank deposits rise at record pace in Feb as consumers save

Business Standard - 2 hours 38 min ago
Japanese bank deposits rose in February at the fastest annual pace of record, data showed on Monday, as a renewed wave of coronavirus infections prodded households to save rather than spend
Categories: Business News

India to become Aatmanirbhar in silk production in two years: Smriti Irani

Business Standard - 2 hours 38 min ago
Union minister Smriti Irani on Sunday expressed confidence that India will become self-reliant or Aatmanirbhar in silk production in the next two years.The Minister for Textiles and Women and Child Development said the government aims to provide employment to over one crore people exclusively in the silk segment through the Krishi Vigyan Kendra programme according to a statement.She said that India's raw silk production increased by 35 per cent in the last six years.The Minister said that more than 90 lakh people have got employment in raw silk production.She made the statement while addressing a programme to announce a Memorandum of Understanding (MoU) between the Textiles Ministry and the Agriculture Ministry.On the eve of International Women's Day, the minister also distributed Buniyaad Reeling Machines to women silk reelers with an aim to eradicate unhygienic and obsolete thigh reeling practice.The Minister informed that 8000 women thigh reelers were identified for providing ...
Categories: Business News

Billionaire MacKenzie Scott, ex-wife of Jeff Bezos, marries Seattle teacher

MoneyControl Business News - 2 hours 39 min ago
MacKenzie Scott was listed as No. 2 among the 50 Americans who gave the most to charity last year, according to the Chronicle of Philanthropy#39;s annual rankings.
Categories: Business News

Coronavirus News LIVE Updates: Maharashtra COVID-19 tally zooms to 22.19 lakh with 11,141 new cases; 38 more die

MoneyControl Business News - 2 hours 39 min ago
Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 2.09 crore, according to the Union Health Ministry.
Categories: Business News

WB Election LIVE: Modi, Mamata trade charges as poll heat takes over Bengal

Business Standard - 2 hours 57 min ago
West Bengal Election Live Updates: A combative Banerjee cautioned the people of West Bengal against the BJP's "riot mongering" and the "grave threat" the state faced from "divisive forces"
Categories: Business News

Best of BS Opinion: Agenda for Stockholm+50, micro loan regulations & more

Business Standard - 3 hours 19 min ago
Here's a selection of Business Standard opinion pieces for the day
Categories: Business News

In a first, LetsVenture rolls out women-only angel network in India

Business Standard - 4 hours 3 min ago
According to reports, India has about 10,000 angel investors and only a per cent of these are women.
Categories: Business News

Raw material shortage may affect scaling up of Covishield production

Business Standard - 4 hours 3 min ago
Last week, Adar Poonawalla had said on a World Bank panel that a US law blocking the export of key items like bags and filters will likely cause "serious bottlenecks" in vaccine production
Categories: Business News