Business brief
POWERGRID Signs MoU with RVPNL Power Grid Corporation of India Limited, a Maharatna CPSU under Ministry of Power, Govt of India, has signed an MoU with Rajasthan Rajya Vidyut Prasaran Nigam Limited (RVPNL) at a function held in Jaipur. It was signed in presence of R. K. Singh, Union Minister of...
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Pockets of froth in small, mid cap stocks; price manipulation in SME segment: Buch
12 March 2024 | PTI -
JM Financial shares plummet 10 per cent after Sebi ban
12 March 2024 | PTI -
Markets break two days rally
12 March 2024 | PTI -
Bangladesh, Sri Lanka, many others want to start rupee trade with India: Goyal
12 March 2024 | PTI -
Government revamps pharma scheme; broadens eligibility criteria
12 March 2024 | PTI -
PM inaugurates Haryana section of Dwarka Expressway
11 March 2024 | PTI -
Bangladesh, Sri Lanka, number of other countries want to start rupee trade with India: Goyal
11 March 2024 | PTI
AU Small Finance Bank aims to become universal bank
AU Small Finance Bank, which received RBI's approval to merge Fincare Small Finance Bank with itself last week, aims to become a universal bank or full-scale bank in the next 3-5 years. "This year we want to stabilise the merger first and really want to showcase to the world that the...
CBDT starts sending emails for mismatch in tax profile in FY24
The income tax department on Sunday said it has started sending emails and SMSs to assessees whose taxes paid during the current fiscal are not commensurate with financial transactions. The department is undertaking an e-campaign, which aims to inform such persons/entities of significant financial transactions, through email (marked as Advance Tax...
ONGC first oil from 98/2 block goes to MRPL
First oil from state-owned Oil and Natural Gas Corporation's (ONGC) just-started KG deepsea oilfield has gone to its subsidiary Mangalore Refinery and Petrochemicals Ltd (MRPL) for processing into fuels like petrol and diesel, the two firms said. ONGC in January started oil production from its Krishna Godavari basin KG-DWN-98/2 (KG-D5) block,...
Wine importers urge for inflation linked pricing policy as margins shrink
Premium spirits and wine importers' body ISWAI has urged state governments to implement an inflation-based pricing model, highlighting that industry margins have shrunk due to a rise in raw material costs. As the cost of raw materials used to produce alcohol has gone up substantially and theP of liquor has not...
Sun Pharma recalls 55,000 bottles of generic drug from US market
Drug major Sun Pharma is recalling around 55,000 bottles of a generic medication to treat gout from the American market due to manufacturing practices norms deviations, according to the US health regulator. The New Jersey-based unit of the Mumbai-based drug major is recalling Febuxostat Tablets in 40 mg and 80 mg...
IndianOil set to join high table of F1 fuel producers
After delivering back-to-back innovations in fuel grades, Indian Oil Corporation (IOC) has now set sight on the Grand Prix and will in next three months start producing fuel used in adrenaline-pumping Formula One or F1, motor racing. The firm's refinery at Paradip in Odisha will in three months produce the petrol...
Mcap of seven of top ten most valued firms climbs Rs 71,301 crore
The combined market valuation of seven of the top-10 most valued firms climbed Rs 71,301.34 crore in the holiday-shortened last week, with Bharti Airtel emerging as the lead gainer. In a record-breaking rally last week, the BSE benchmark climbed 374.04 points or 0.50 per cent. Stock markets were closed on Friday for...