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Samvardhana Motherson arm to acquire controlling stake in Shenzhen Autocruis for Rs.210 crore

New Delhi, June 17 -- Samvardhana Motherson International Limited (SAMIL) on Wednesday said its Board has approved the acquisition by SMR Automotive (SMR Langfang), an indirect wholly owned subsidiary... Read More


Delhi-NCR to get its first W, the disruptive modern luxury hotel brand

New Delhi, June 17 -- The Capital will soon get its first W hotel, the disruptive modern luxury lifestyle brand of Marriot International.Dharampal Satyapal (DS) Group, the makers of Catch Spices and P... Read More


Amazon expands quick commerce play with 100 urban fulfilment centres, wider product selection

New Delhi, June 17 -- Amazon India is deepening its push into quick commerce with the launch of more than 100 Urban Fulfillment Centres, a new infrastructure layer that will allow the company to offer... Read More


Copper futures: Resistance holds

New Delhi, June 17 -- Copper futures (Rs.1,338/kg) has been trading flat over the past few sessions. But it continues to trade below an important level, maintaining a bearish bias. The June contract,... Read More


Nifty IT rises 4.3% in three sessions to cross 29,000: Infosys, Tech Mahindra, Wipro & TCS lead gains

New Delhi, June 17 -- Information technology stocks extended their winning streak for a third consecutive session on Wednesday, with the Nifty IT index rising 1.5 per cent to 29,007 as investors posit... Read More


US Supreme Court rejects TCS appeal in the $168 million trade secret case

New Delhi, June 16 -- US Supreme Court denied Indian IT services firm Tata Consultancy Services' (TCS) petition to review an earlier judgement in a trade secret case penalising the company with a heft... Read More


RBI eases capital norms for ECLGS 5.0 loans, cuts risk weight

New Delhi, June 16 -- The Reserve Bank of India (RBI) on Tuesday announced a key relaxation for exposures under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0. Specifically, 75% of the guarant... Read More


Navitas Solar to invest Rs.1,500 crore in Gujarat to enter solar cell manufacturing, pilot wafer-ingot production

New Delhi, June 16 -- Gujarat-based solar module manufacturer Navitas Solar plans to invest around Rs.1,500 crore to set up a 3.6 GW solar cell manufacturing facility and a pilot wafer and ingot produ... Read More


Aluminium futures: Outlook turns weak

New Delhi, June 16 -- Aluminium futures (Rs.352/kg) tumbled 5 per cent on Monday. While the major trend has not reversed, for the short-term we are likely to see the price moderate further. The June ... Read More


GIC Re shares tumble 6% as govt launches OFS to divest up to 5% stake

New Delhi, June 16 -- Shares of General Insurance Corporation of India (GIC Re) fell over 6 per cent in early trade on Tuesday after the government's offer for sale (OFS) to divest up to a 5 per cent ... Read More