Over two-third of all smallcap stocks have become multibaggers since Covid bottom
New Delhi, March 5 - More than two-third of all smallcap stocks have become multibaggers since the stock market bottom of Covid-19, as per an analysis by DSP Mutual Fund.
Gevra coal mine in Chhattisgarh poised to become largest in Asia
New Delhi, March 5 - Chhattisgarh-based Coal India subsidiary South Eastern Coalfield Limited’s (SECL) Gevra mine is set to become the largest coal mine in Asia as it has been granted environmental clearance to expand production capacity to 70 million tons per annum
BHEL gets over Rs 9,500 crore order from NTPC for Singrauli Super Thermal Project
Chennai, March 5 - Power equipment major Bharat Heavy Electricals Ltd (BHEL) has secured a power plant engineering, procurement, and construction (EPC) order of over Rs 9,500 crore from NTPC Ltd.
Google temporarily reinstates all delisted apps after Centre’s intervention
New Delhi, March 5 - Google on Tuesday said that it is temporarily reinstating all the delisted apps of developers with appeals pending in the Supreme Court, as the government met the tech giant and digital startups to resolve the matter.
Swiggy, IRCTC ink MoU to provide food delivery service on trains
New Delhi, March 5 - Online food delivery platform Swiggy on Tuesday said that the company has signed a Memorandum of Understanding (MoU) with the Indian Railway Catering and Tourism Corporation (IRCTC) to provide food delivery service on trains.
SEBI issues show-cause notice to PC Jeweller alleging non-compliance of disclosure requirements
New Delhi, March 5 - PC Jeweller has received a show-cause notice from the Securities and Exchange Board of India (SEBI) alleging non-compliance of listing and disclosure requirements.
Didn’t siphon off funds, $533 mn with our 100 pc non-US subsidiary: Byju’s
New Delhi, March 5 - Embattled edtech company Byju’s on Tuesday said that no funds have been siphoned off and around $533 million are currently in a 100 per cent non-US subsidiary of the company.
Deposit rush among Indian banks to raise competition for funds
New Delhi, March 5 - Surging credit has caused the loan-to-deposit ratios (LDRs) to climb at Indian banks, raising concerns that the trailing deposit growth and competition for funds would hit margins, according to S&P Global Market Intelligence data and analysis.
Publishers seek customs duty waiver as newsprint cost shoots up
New Delhi, March 5 - Indian Newspaper Society (INS) has urged the government to waive the 5 per cent customs duty on newsprint as publishers have come under a financial strain due to the escalation in costs.
Not just startups, Big Tech firms also opposed to fair-share demand from telcos: COAI
New Delhi, March 5 - Not just home-grown startups, large traffic generators (LTGs) like Google have also opposed the proposal for a fair-share contribution for additional costs borne by telecom service providers (TSPs), industry body Cellular Operators Association of India (COAI) said on
Jeff Bezos overtakes Elon Musk as world’s richest person
New Delhi, March 5 - Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index.
IIFL Finance shares at lower circuit of 20 pc after RBI order on gold loans
New Delhi, March 5 -The RBI in its order dated March 4 has directed IIFL Finance to stop sanctioning or disbursing gold loans, with immediate effect including ban on any assignment/securitization/down-selling transactions.
Tata Motors stock up 204 pc in last 36 months
New Delhi, March 5 - On the back of a strong performance across its key business segments, Tata Motors stock has significantly outperformed key indices with 204 per cent return in the last 36 months versus 50 per cent return in the Nifty,
India’s coal production surges by 11.83 pc in Feb
New Delhi, March 5 - The country’s coal production increased by 11.83 per cent in February to 96.60 million tonnes compared to the corresponding figure of 86.38 MT in the same month last year, according data released by the Coal Ministry on Tuesday.
Google and Meta have strong political bias: Musk
New Delhi, March 5 - Referring to a post claiming Google interference in the US elections, Tesla and SpaceX CEO, Elon Musk on Tuesday said that "Google and Meta's Facebook and Instagram have strong political bias."
High valuations of market can constrain further rally, say analysts
New Delhi, March 5 - While the market is steady, the small cap index is showing some strain with a cut of 0.5 per cent on Monday, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
India a sweet spot for Dutch firms to invest in semiconductors: Report
New Delhi, March 5 - As India embarks on its semiconductor journey, it is offering immense opportunities for Dutch companies to invest and examine chances for collaborative R&D efforts between the two nations, a new report said on Tuesday.
L&T Technology Services, Intel to power smart cities with edge-AI
New Delhi, March 5 - L&T Technology Services Ltd on Tuesday announced a collaboration with chip-maker Intel to develop and provide scalable edge-AI solutions.
Govt expects Rs 41,000 crore investment as 12th round of city gas distribution network bidding ends
New Delhi, March 4 - Minister for Petroleum and Natural Gas Hardeep Singh Puri on Monday handed over letters of intent to successful bidders of 12th City Gas Distribution (CGD) bidding round, under which 8 Geographical Areas across 103 districts were offered for
Ahead of Jaishankar’s visit, S. Korean envoy lauds bilateral economic ties
New Delhi, March 4 - South Korean Ambassador Chang Jae-bok on Monday appreciated the deepening and expanding economic relations between India and Korea -- a day ahead of External Affairs Minister S. Jaishankar's visit to the Asian nation beginning Tuesday.