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BUSINESS

Govt may sell its entire stake in BPCL, CONCOR, SCI

New Delhi, Sep 25 (IANS) In line with its disinvestment target, the government may soon move a cabinet note for strategic sale of its stake in major public sector enterprises, including the Bharat Petroleum Corp Ltd, the Container Corp of India and the... Read More »

IRCTC eyes Rs 645 cr, IPO to open on Sep 30

Mumbai, Sep 25 (IANS) State-run IRCTC's initial public offering (IPO) will open on September 30 with a price band of Rs 315-320 per share to raise around Rs 645 crore.The issue comprised an offer for sale of 2,01,60,000 shares of Rs 10 face value, the ... Read More »

Reduced prices, festive offers to boost auto sales (Roundup)

New Delhi, Sep 25 (udaipur kiran) The steps taken to reverse the economic slowdown, along with the upcoming festive season offers, might have the potential to accelerate the automobile sector’s sales growth, industry insiders opined. The trend of reduced prices on the back of recent corporate tax sops is expected ... Read More »

ADB cuts India’s FY20 GDP growth forecast to 6.5%

New Delhi, Sep 25 (IANS) The Asian Development Bank (ADB) has revised its outlook for India's GDP growth for the financial year 2019-20 to 6.5 per cent from the previous projection of 7 per cent due to domestic reasons such as the pre-election decline ... Read More »

Dvara KGFS to expand micro ventures, jewel loan biz

Chennai, Sep 25 (IANS) Expanding the newly launched micro enterprises and jewel loan portfolios and raising about Rs 200 crore through non-convertible debentures (NCDs) and Rs 60 crore via securitisation, the rural India-focused Dvara Kshetriya Gramin... Read More »

Tax sop helps, Maruti cuts car prices by Rs 5,000

New Delhi, Sep 25 (IANS) Following the announcement of reduction in corporate taxes by Finance Minister Nirmala Sitharaman, Indias largest car company, Maruti Suzuki on Wednesday announced an immediate Rs 5,000 cut in prices of its bestselling cars.The... Read More »

Zee Entertainment Enterprises’ ZEE5 inks pact with Kaltura

ZEE5, a video on demand website run by Zee Entertainment Enterprises, has entered into partnership with Kaltura, the leading video technology provider, for the deployment of the Kaltura TV Platform Player. The Kaltura TV Platform Player provides ZEE5 with market-leading Quality of Experience (QoE), while supporting over 8,000 devices, and ... Read More »

Market open in red on Wednesday

Mumbai, Sep 25 (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a negative note during the morning session of the trade.The Sensex of the BSE opened at a high of 39,087.20 and touched a low of 38,795.73 after closing at 39,097.14 on ... Read More »

Strides Pharma Science receives approval for Rx, OTC Ranitidine tablets

Strides Pharma Science has received an approval from US Food and Drug Administration (USFDA) for Rx and OTC Ranitidine tablets for the US market and is only commercializing the Rx product currently. The USFDA has learned that some ranitidine products contain a nitrosamine impurity called N-nitrosodimethylamine (NDMA) at low levels. ... Read More »

Gold futures edge lower on profit booking

Gold futures edged marginally lower on MCX on profit booking by investors. However, political tensions created in the US after the launch of a formal impeachment inquiry against US President Donald Trump by the US lawmakers capped downside to some extent. The contract for October delivery was trading at Rs ... Read More »

ICICI Pru MF introduces Commodities Fund

ICICI Pru Mutual Fund (MF) has launched the ICICI Prudential Commodities Fund, an open ended equity scheme. The NFO opens for subscription on September 25, 2019 and closes on October 09, 2019. Entry load is nil and Exit load will be 1% of applicable Net Asset Value, if the amount ... Read More »

Havells, TPDDL sign MoU to ensure safety against hazards of electricity

To ensure safety of users against hazards of electric leakage, Havells India and Tata Power Delhi Distribution (TPDDL) have signed a memorandum of understanding (MoU) to strengthen the distribution of electrical protection devices in North and North-Western parts of Delhi. Along with that, both companies have also planned an extensive ... Read More »