Wednesday, February 8, 2023

Business

State govt signs MoU with Patanjali foods Ltd

A Memorandum of Understanding (MoU) was signed between the State Government, represented by the director of Agriculture, Nagaland and Patanjali Foods Ltd (PFL) (Formerly known as Ruchi Soya Industries Ltd) represented by Subhas Bhattacharjee, Head-NE Region, Oil Palm on...

Adani investors rally to $2.5 billion share sale

Gautam Adani’s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion rout in the Indian billionaire’s stocks sparked by a short-seller’s report.The fundraising is critical for...

Gold declines Rs 105; silver tumbles Rs 379

Gold price in the national capital declined Rs 105 to Rs 56,780 per 10 gram on Tuesday amid weak global cues, according to HDFC Securities.The precious metal had closed at Rs 56,885 per 10 gram in the previous trade.Silver...

Rail Budget 2023-24: Big push for ‘Make in India’

In the upcoming Railway Budget, the emphasis will be on the development of infrastructure, ‘Make in India’ high-speed trains and the completion of incomplete railway projects.In the Union Budget 2023-24, the entire emphasis of the Modi government will be...

Naked short selling not permitted in Indian markets

Naked short selling is not permitted in the Indian securities market and all investors would be required to mandatorily honour their obligation of delivering the securities at the time of settlement.As per SEBI norms, short selling shall be defined...

Over 100 delegates to attend first G20 Finance Meeting

Over 100 delegates will attend the first G20 International Financial Architecture Working Group meeting, under the G20 Indian Presidency, in Chandigarh on January 30-31.The International Financial Architecture Working Group is one of the important work streams under the G20...

Industry expects Budget to provide thrust to UDAN

Along with the increase in air traffic, the country has witnessed growth in the aviation infrastructure especially in terms of more routes and development of airports. Keeping in view the past growth in the air traffic, Industry expects that...

Hindenburg Research report a calculated attack on India: Adani

Adani Group in a statement on Sunday said it is shocked and deeply disturbed to read the report published by the “Madoffs of Manhattan” - Hindenburg Research on January 24 which is nothing but a lie.The document is a...

HML plans for avenues on rubber plantation and fruits from Nagaland

Harrisons Malayalam Limited (HML) a plantation company based in Kerala plans to seek avenues on rubber plantation and fruits from Nagaland.Addressing a press conference, held on Saturday. HML Kochi Kerala limited, head rubber business vice president Biju Panicker said...

$2.5 bn share sale on track: Adani Group

Bankers mull changes A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes due to a market rout in...

‘Election Budget’ to focus on job creation, farm sector and rural growth

Union Finance Minister Nirmala Sitharaman is going to present the last full budget of the second term of the Narendra Modi government in Parliament on February 1.As this will be the last full budget of the Modi government before...

Piyush Goyal calls for creation of network to strengthen global startup ecosystem

Union Minister for Commerce and Industry, Piyush Goyal on Saturday called for creation of an international network of mentors, investors and entrepreneurs to strengthen the global startup ecosystem.The Minister said that this network must support and inspire startups, act...

Report on Adani causes $48 bln loss

Shares of India’s Adani Enterprises (ADEL.NS) plunged on Friday after a scathing report by a U.S. short seller triggered a selloff in the conglomerate’s listed firms, casting doubts on the success of the company’s record $2.45 billion secondary share...

Air India finalising ‘historic order’ of new aircraft: CEO

Air India CEO Campbell Wilson on Friday announced that the flag carrier is finalising a “historic order” of new aircraft to strengthen its fleet as the airline marked a year of its take over by the Tata Group.In a...

India gains 26 spots on mobile download speeds

As India rolls out 5G slowly but steadily, the country went up 26 spots in rank globally for median mobile speeds, from 105th in November 2022 to 79th in the month that followed, a report showed on Friday. Median...