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Iranian-backed Houthis kill 6 in attack on vessel

India, Aug. 13 -- Yemeni authorities said six people were killed by Iran-backed Houthi rebels attacking a vessel in the Bab el-Mandeb strait, while US forces fired on a ship they said was trying to br... Read More


No manipulation observed in closing auction sessions: SEBI Chairman

India, Aug. 13 -- SEBI chairman Tuhin Kanta Pandey on Wednesday said that the capital markets regulator has not observed any manipulations in the newly introduced closing auction sessions system. Spe... Read More


TPCI sets up national committee to promote pet food industry growth

India, Aug. 13 -- Industry body Trade Promotion Council of India (TPCI) on Wednesday said it has set up a national committee to promote growth and innovation for the fast pet food industry. Pet food ... Read More


Stock markets decline for 2nd day amid rising crude oil prices

India, Aug. 13 -- Benchmark equity indices Sensex and Nifty ended lower for the second day on Wednesday as elevated crude oil prices and selling in Tata Group stocks after Tata Sons Chairman N Chandra... Read More


Rupee rises 3 paise to close at 95.33 against US dollar

India, Aug. 13 -- The rupee settled just 3 paise higher at 95.33 (provisional) against the US dollar on Wednesday, as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded. F... Read More


Central Bank of India mobilises $250 million under FCNR (B) window: CEO

India, Aug. 13 -- State-owned lender Central Bank of India has mobilised $250 million under the FCNR-B window introduced by the Reserve Bank of India (RBI), a senior bank official said on Wednesday. ... Read More


Growing gap between renewable energy, transmission capacity key credit risk: Ind-Ra

India, Aug. 13 -- India Ratings and Research (Ind-Ra) on Wednesday said the growing gap between renewable energy (RE) commissioning and transmission readiness is emerging as a key credit risk for the ... Read More


Axis Bank raises $300 million via bonds

India, Aug. 13 -- Axis Bank on Wednesday said it has raised $300 million (about Rs 2,850 crore) by selling bonds to overseas investors to fund business growth. The bank has successfully allotted $300... Read More


Tata Motors Q1 net profit jumps 83% to Rs 2,556 crore

India, Aug. 13 -- Commercial vehicle maker Tata Motors Ltd on Wednesday reported an 83 per cent jump in consolidated net profit at Rs 2,556 crore in the first quarter ended June 30, led by a mark-to-m... Read More


Putin threatens retaliation over seized Russian vessels

India, Aug. 13 -- Russian President Vladimir Putin on Wednesday threatened retaliation for Western seizures of its commercial vessels, describing them as "piracy." Speaking on a visit to a Russian wa... Read More