JSW Steel earmarks Rs 20,000cr capex in FY’23, hopes export duty to be short-lived
JSW Steel has set aside the expenditure of 20,000 crore RS capital in the current fiscal and hopes that headwinds such as export duties for steel and high coal prices…
Vodafone Idea rises on report Amazon may invest Rs 20,000 crore
Vodafone IDEA shares rose sharply on May 30 after Ken reported that the Amazon e-commerce giant was running to invest up to 20,000 crore hospitals at the struggle telecommunications operator.…
RBI raises its gold purchase to 65 tonnes in FY22
Reserve Bank of India almost doubled its gold purchases to 65 tons in FY22 increased its total ownership to 760.42 tons, as part of its asset diversification policy with gold…
United Spirits to sell 32 popular brands to Inbrew for Rs 820 crore
The liquor maker controlled by Diageo United Spirits Ltd (USL) has approved the sales and franchises of selected brands to drinks based in Singapore for total cash RS 820 Crore.…
Moody’s lowers GDP growth forecast for India to 8.8% as inflation bites
The Moody Service Agency Investors Service Ratings has reduced its estimated growth for India for the current calendar year by 30 basis points from 9.1 percent to 8.8 percent. For…
Iconic Hindustan Motors Ambassador to make a comeback in India as electric vehicle?
Hindustan Motors, who is famous in India because of its iconic ambassador car, plans to build itself in the Indian market, but this time as an electric vehicle manufacturer. The…
Centre notifies new vehicle insurance rates
The centre on Wednesday approved the new base premium rates for third party motor vehicle insurance. These revised rates will be applicable from June 1, 2022. These rates were last…
Kia EV6 Electric Crossover Bookings Begin In India
Kia India is all set to introduce its first electric vehicle in the country and has opened order books for the new EV6 electric crossover. Customers can book the all-electric…
Asian Paints, Berger Paints slip 6% after Grasim doubles capex plan
Shares of paint companies were under pressure as Asian Paints and Berger Paints fell 6 per cent in Wednesday’s trade, after Grasim Industries doubled the capital expenditure (capex) for its…
Stocks to Watch Today: Adani Ports, Balrampur Chini, NTPC, Coal India, and Others
Nifty futures on the Singapore Exchange traded 37.50 points, or 0.23 per cent, higher at 16,136.50, signaling that Dalal Street was headed for a positive start on Wednesday. While Dow…