JSW Energy raises Rs 5,000 crore from Abu Dhabi Investment Authority, others
JSW Energy Limited has raised Rs 5,000 crore by selling shares to institutional investors, including Abu Dhabi Investment Authority (ADIA), to accelerate its growth plans. In a regulatory filing on Friday, the company informed that it has successfully completed its Rs 5,000-crore Qualified Institutions Placement (QIP). JSW Energy said, the proceeds from...
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India better prepared than Pakistan to handle climate shocks in wheat crop
07 April 2024 | PTI -
India, Singapore bilateral trade grows to $35.6 billion in FY22-23
07 April 2024 | PTI -
India will need huge pool of company secretaries
06 April 2024 | PTI -
Rupee rises 9 paise to close at 83.30 against US dollar
06 April 2024 | PTI -
Business brief
06 April 2024 | Agencies -
Sensex gains marginally to scale new peak
06 April 2024 | PTI -
India exports register healthy growth to European, Latin American nations in 2023
06 April 2024 | PTI
Bank, NBFC stocks gain after RBI policy announcement
Interest-rate sensitive bank and NBFC stocks gained on Friday after the Reserve Bank kept the benchmark interest rates unchanged at 6.5 per cent for the seventh time in a row. Among the banking counters, Kotak Mahindra Bank jumped 2.09 per cent to end at Rs 1,785.25 and HDFC Bank went 1.41...
India forex kitty jumps to new all time high
India’s foreign exchange reserves increased USD 2.951 billion to USD 645.583 billion for the week ended March 29, the Reserve Bank of India (RBI) said on Friday. This is the sixth consecutive week of a jump in overall reserves. The kitty had increased USD 140 million to USD 642.631 billion in...
RBI decision shows resolve to ensure price stability: Experts
Reserve Bank’s monetary policy decision of keeping the key interest rate unchanged and focus on moderating inflation shows a resolve on the part of the central bank to ensure price stability and sustained economic growth, experts opined on Friday. The RBI kept the benchmark interest rates unchanged at 6.5 per cent...
RBI retains GDP growth projection at 7 pc for FY25
The RBI on Friday retained the GDP growth projection at 7 per cent for 2024-25 fiscal on the back of expectations of a normal monsoon, moderating inflationary pressures, and sustained momentum in manufacturing and services sector. The headwinds from protracted geopolitical tensions and increasing disruptions in trade routes, however, pose risks...
Cash deposit facility in banks through use of UPI soon: RBI
In a major decision, the Reserve Bank on Friday said it will soon facilitate cash deposit facility in banks through use of the popular UPI, an instant real-time payment system for inter-bank transactions through mobile phones. The central bank also decided to permit linking of Prepaid Payment Instruments (PPIs) through third-party...
Demand trends remained sluggish in March quarter: Dabur
Demand trends in the March quarter “remained sluggish” but rural growth picked up, FMCG major Dabur said, adding that it expects consumption to pick up in the coming month, helped by a good rabi crop harvest and forecast of a normal monsoon. The rural growth is “fuelled by price rollbacks” in...
Telangana in talks with Tesla to set up electric car plant
The Telangana government is holding discussions with Tesla by putting in all efforts to establish their plant in the state, Industries Minister D Sridhar Babu said on Thursday. In a message on X Sridhar Babu said since December 2023 the state government has been actively focusing on major investment opportunities by...
