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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.

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.

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.

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.

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.

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”.

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.

“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.”

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.

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

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

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

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

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 ...

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.

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.

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"

Here's a selection of Business Standard opinion pieces for the day

According to reports, India has about 10,000 angel investors and only a per cent of these are women.

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