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Reserve Bank of India move to list Upper-Layer NBFCs raises an old question in a new form

India, July 24 -- The Reserve Bank of India's decision to require fifteen Upper-Layer NBFCs to list their shares has revived an old debate in a new form. The conversation around Tata Sons Private Limi... Read More


Steel industry must look for new markets: Govt official

India, July 24 -- The Indian steel industry must diversify, look for new export markets, and accelerate decarbonisation to remain globally competitive, a government official said on Thursday. The trad... Read More


Wipro Consumer to acquire Good Home, EVA Brands for Rs 256 crore

India, July 24 -- Wipro Consumer Care & Lighting will acquire Good Home and EVA brands from TTK Healthcare in a Rs 256 crore deal, expanding its play in the fast-growing home and personal care segment... Read More


Markets extend losses to 4th day as crude prices surge

India, July 24 -- Market benchmark indices Sensex and Nifty ended lower on Thursday, extending losses for the fourth straight session, as a sharp jump in crude oil prices due to escalating tensions in... Read More


Centre clears FDI to boost export-based E-Commerce

India, July 24 -- The Government on Thursday permitted FDI in an inventory-based model of e-commerce "exclusively" for export purposes, a move which will help increase India's outbound shipments witho... Read More


IndiGo posts Rs 238 crore net loss in three months

India, July 24 -- IndiGo on Thursday reported a Rs 238 crore net loss for the three months ended June as higher fuel prices and the West Asia conflict resulted in turbulence for the country's largest ... Read More


Rupee slips 4 paise to settle at 96.57 against US dollar

India, July 24 -- The rupee declined 4 paise to close at 96.57 (provisional) against the US dollar on Thursday, as heightened hostilities in West Asia kept global crude oil prices elevated. However, ... Read More


Thermo Fisher Scientific Stock Rises 9% On Strong Q2 Earnings And Revenue Growth

India, July 23 -- Thermo Fisher Scientific Inc. (TMO) shares climbed $49.09, or 9.33 percent, to $575.55 on Thursday, after the life sciences company reported higher second-quarter earnings and revenu... Read More


Highway Infrastructure rises after bagging Rs 29-cr NHAI contract

Mumbai, July 23 -- The project involves the engagement of a user fee agency through an e-tender for the Kozhinjipatti Toll Plaza at Km 392+921 on the Dindigul-Samayanallur section of NH-44 (Old NH-7) ... Read More


Grapevine: Maharashtra power distributor, Accenture, Blackstone, others in news

New Delhi, July 23 -- Maharashtra's power distributor has shortlisted investment bankers for a planned stock market listing, according to a media report. Separately, GCC platform ANSR is in talks wit... Read More