Stove Kraft IPO nears oversubscription at close of first day of bidding

The initial public offering (IPO) of Stove Kraft Ltd neared oversubscription on the first day of bidding on Monday. The Rs 412.62-crore IPO of the manufacturer of kitchen appliances received bids for 58,38,776 shares against... Read more »

Budget 2021: Toyota seeks simplification of laws, policy support for electric vehicles

Toyota Kirloskar Motor (TKM) has sought simplification of laws to improve ease of doing business, roll out of scrappage policy and lowering of custom duties on imported vehicle parts... Read more »

Will Budget 2021 deliver the goods for real estate?

The realty industry remains one of the most precise bellwethers of the state of India’s economy. Like all other sectors, real estate, which contributes more than 8 percent to... Read more »

Govt plans to impose green tax on old polluting vehicles

The government plans to impose green tax on old polluting vehicles soon in a bid protect environment and curb pollution. Vehicles like strong hybrids, electric vehicles and those running... Read more »

TCS once again becomes the most valued domestic firm by market capitalisation

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Bank of America gives special pandemic bonus to 97 per cent of its 1.7 lakh staff

Bank of America is rewarding its over 1.7 lakh staff worldwide, including over 24,000 in India, with a cash award of USD 750 each to those earning under USD... Read more »

Budget 2021: Govt may tweak customs duties on several goods

India’s most-awaited budget is just a week away. Finance minister Nirmala Sitharaman will unveil the Budget 2021-22 on February 1. Meanwhile, sources have told PTI that the government may... Read more »

Sensex tumbles 531 points; energy, IT stocks play spoilsport

The BSE benchmark Sensex dived nearly 531 points to close at 48,348 on Monday, prolonging its losing streak to the third straight session, weighed down by massive selling particularly... Read more »

Union Budget 2021: Centre may tweak customs duties on several goods, say sources

New Delhi: The government may tweak customs duties in the Budget next week on several goods, including furniture raw materials, copper scrap, certain chemicals, telecom equipment and rubber products,... Read more »

Reliance Ebitda back to pre-pandemic levels driven by consumer businesses: Moody’s

Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) has seen pre-tax profit recover to pre-pandemic levels on the back of continued growth in consumer businesses, Moody’s Investors Service said on... Read more »