Mcap of seven of top 10 most valued firms rises `1.33 lakh crore

Mcap of seven of top 10 most valued firms rises `1.33 lakh crore

Monday, 07 November 2022 | PTI | New Delhi

Seven of the top-10 most valued firms together added `1,33,707.42 crore in market valuation last week amid an overall positive trend in equities, with Reliance Industries emerging as the biggest winner. Last week, the BSE benchmark jumped 990.51 points or 1.65 per cent.  Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, Infosys,...

Cloudtail fined Rs 1L for selling pressure cookers on Amazon in violation of BIS standards

Sunday, 06 November 2022 | PTI | New Delhi

The Central Consumer Protection Authority (CCPA) has imposed a penalty of Rs 1 lakh on Cloudtail India for selling pressure cookers on Amazon in violation of mandatory BIS standards. The authority has asked Cloudtail to recall 1,033 pressure cookers and also reimburse the money to customers.  According to an official statement, CCPA...

Tariffs at ‘unsustainable' levels, industry needs price correction for continued investments: VIL

Sunday, 06 November 2022 | PTI | New Delhi

Telecom operator Vodafone Idea (VIL) has said telecom tariffs in India continue to remain at "unsustainable levels" and the industry needs "tariff correction" to support continued investments. VIL has seen average revenue per user (ARPU) growth for five consecutive quarters now. Its average revenue or realisation per user at Rs 131...

‘India faces global shocks with better balance sheets’

Sunday, 06 November 2022 | PTI | New Delhi

India is encountering global shocks with a position of strength backed by far better household, corporate and financial sector balance sheets and its medium term growth outlook is good, said Chief Economic Adviser V Anantha Nageswaran. "Overall, all things considered, including the risk of oil price, I do believe that the...

Six mn tons sugar export on quota basis till May 31

Six mn tons sugar export on quota basis till May 31

Sunday, 06 November 2022 | PNS | New Delhi

The Government on Saturday allowed export of 6 million tonnes of sugar on quota basis till May 31, according to a food ministry notification. As per the notification, the ministry has allocated a uniform export quota of 18.23 per cent of the three years average production of the sweetener in operational...

Tata Motors hikes passenger vehicle prices

Tata Motors hikes passenger vehicle prices

Saturday, 05 November 2022 | PTI | New Delhi

Tata Motors on Saturday said it has increased prices of its passenger vehicles with effect from November 7. The weighted average increase will be 0.9 per cent, depending on the variant and model, the auto major said in a statement. The company has been absorbing a significant portion of the increased costs...

Govt's SRI Fund commits  Rs 5,000 cr to help MSMEs

Govt's SRI Fund commits Rs 5,000 cr to help MSMEs

Saturday, 05 November 2022 | PTI | Mumbai

Government-backed Self Reliant India Fund (SRIF) on Friday announced that it has committed over Rs 5,000 crore to help small businesses with growth capital in its first year of operations. The fund, which started as part of the government's flagship 'Atmanirbhar Bharat' programme, has provided approvals to 38 'daughter funds' with...

Maruti Suzuki lines up over Rs 7K cr capex for current fiscal: CFO

Saturday, 05 November 2022 | PTI | New Delhi

Maruti Suzuki India plans to invest over Rs 7,000 crore this year on various initiatives, including the construction work of its new plant in Haryana and new model launches, according to company CFO Ajay Seth. The country's largest carmaker has already commenced work at the new facility in Sonipat district.  The Kharkhoda-based...

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