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LIC IPO share allotment: SC refuses to grant interim relief on pleas seeking stay
Business

LIC IPO share allotment: SC refuses to grant interim relief on pleas seeking stay

A bench of Justices D.Y. Chandrachud, Surya Kant and P.S. Narasimha said that the court should be reluctant to grant any interim relief in matters of commercial investments and IPO

Federal Bank net profit rises 13 per cent to Rs 541 crore in March quarter
Business

Federal Bank net profit rises 13 per cent to Rs 541 crore in March quarter

The total income in FY22 rose slightly to Rs 15,749.85 crore from Rs 15,716.61 crore

India's power consumption grows 13.6% to 132.98 billion units in April, shows govt data
India

India's power consumption grows 13.6% to 132.98 billion units in April, shows govt data

Power consumption in April last year was recorded at 117.08 BU, which was higher than 84.55 BU in the same month of 2020

Markets continue to fall for 2nd day; Sensex declines 85 points
Business

Markets continue to fall for 2nd day; Sensex declines 85 points

The NSE Nifty declined 33.45 points or 0.20 per cent to close at 17,069.10.

India-UAE trade pact comes into force
Business

India-UAE trade pact comes into force

The UAE is the second or third largest trading partner of India and that country is a gateway to the middle east, North Africa, Central Asia and sub-Saharan Africa

Sensex tumbles over 460 points on fag-end profit booking in RIL, Axis Bank
Business

Sensex tumbles over 460 points on fag-end profit booking in RIL, Axis Bank

The 30-shares index had opened higher and touched a high of 57,975.48 amid a firm trend in global markets

Jahangirpuri flare-up: Business sees dip due to restricted movement
India

Jahangirpuri flare-up: Business sees dip due to restricted movement

Shopkeepers in and around violence-hit C-Block in Jahangirpuri said there is no business due to barricades and that is the reason they are not opening shops

Will work to attract and retain business and foreign direct investments in NYC in post COVID-19 days, says Indian-American official
World

Will work to attract and retain business and foreign direct investments in NYC in post COVID-19 days, says Indian-American official

Dilip Chauhan was appointed Deputy Commissioner, Trade, Investment, and Innovation in the New York City Mayor's Office for International Affairs in January this year by the Mayor Eric Adams

India gets market access for exporting banana, baby corn to Canada
Business

India gets market access for exporting banana, baby corn to Canada

The decision was taken after negotiations between Agriculture Secretary Manoj Ahuja and Canadian High Commissioner H E Cameron MacKay on 7 April

Sri Lanka's fuel pumps may go dry by April end; India's $500 million credit line exhausting rapidly
World

Sri Lanka's fuel pumps may go dry by April end; India's $500 million credit line exhausting rapidly

The public anger has prompted nearly all Cabinet ministers to quit, and scores of lawmakers to leave President Gotabaya Rajapaksa's government.

Sri Lanka appoints advisory panel to help resolve growing debt crisis, engage with IMF
World

Sri Lanka appoints advisory panel to help resolve growing debt crisis, engage with IMF

PM Mahinda Rajapaksa is yet to appoint a new minister of finance. The country's Finance Minister Ali Sabry on Tuesday resigned, a day after the President appointed him after sacking his brother

Asian stocks rise after Fed chair supports smaller rate hike
World

Asian stocks rise after Fed chair supports smaller rate hike

Share prices have swung widely as investors try to figure out how the Russian attack will affect supplies of oil, wheat and other commodities

Russia-Ukraine Crisis: Conflict hits sunflower oil imports; industry weighs options in other countries
Business

Russia-Ukraine Crisis: Conflict hits sunflower oil imports; industry weighs options in other countries

India imports 25 lakh tonne of sunflower oil annually, of which 70 per cent comes from Ukraine, 20 per cent from Russia and 10 per cent from Argentina

'Nation's eyes on us,' Tata Sons chairman tells Air India employees after takeover
India

'Nation's eyes on us,' Tata Sons chairman tells Air India employees after takeover

Following a competitive bidding process, the government had on 8 October sold Air India to Talace Private Limited, a subsidiary of the Tata Group's holding company, for Rs 18,000 crore

SC to hear SpiceJet plea on 28 January against order to wind up operations
Business

SC to hear SpiceJet plea on 28 January against order to wind up operations

Earlier, a winding-up petition before the Madras High Court was moved by a Swiss company which claimed SpiceJet was indebted to it for more than $24 million and that the private carrier was unable to pay

Retail inflation rises to 5.59% in December due to an uptick in food prices, shows government data
Business

Retail inflation rises to 5.59% in December due to an uptick in food prices, shows government data

According to the RBI, it is expected that headline inflation will peak in the fourth quarter of the current fiscal and soften thereafter

IIP growth slows down to nine-month low of 1.4% in November
Business

IIP growth slows down to nine-month low of 1.4% in November

The output of capital goods, which is a barometer of investment, contracted by 3.7 percent in November 2021

How can ESG scores of businesses help heal the world
India

How can ESG scores of businesses help heal the world

With COVID upending the routine life of the world, the call for businesses to increase their environmental, social and governance (ESG) performance is stronger than ever now

UAE suspends $23B weapons deal talks with US as tension mounts over Abu Dhabi’s ties with Beijing
World

UAE suspends $23B weapons deal talks with US as tension mounts over Abu Dhabi’s ties with Beijing

Last week, UAE stopped construction on a Chinese facility at an Abu Dhabi port that the US considered a military base. UAE has, however, maintained they were not military facilities

How ExxonMobil Is Using Data-led Insights for Lubricant Innovation
Business

How ExxonMobil Is Using Data-led Insights for Lubricant Innovation

Manufacturing has emerged as one of the high growth sectors in India, and the government's initiatives intend to make the country a global manufacturing hub.