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IndiaTV Business: Google News Feed: Digest for September 25, 2022

IndiaTV Business: Google News Feed

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Reliance Industries news: Reliance New Energy, a wholly owned subsidiary of Reliance Industries, has signed agreements to invest in the US-based perovskite-based solar technology company Caelux Corporation. Caelux is in the research and development of perovskite-based solar technology. 
The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong American currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.
Reliance Industries news: Reliance New Energy, a wholly owned subsidiary of Reliance Industries, has signed agreements to invest in the US-based perovskite-based solar technology company Caelux Corporation. Caelux is in the research and development of perovskite-based solar technology. 
The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong American currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.
Reliance Industries news: Reliance New Energy, a wholly owned subsidiary of Reliance Industries, has signed agreements to invest in the US-based perovskite-based solar technology company Caelux Corporation. Caelux is in the research and development of perovskite-based solar technology. 
The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong American currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.
Reliance Industries news: Reliance New Energy, a wholly owned subsidiary of Reliance Industries, has signed agreements to invest in the US-based perovskite-based solar technology company Caelux Corporation. Caelux is in the research and development of perovskite-based solar technology. 
The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong American currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.
Reliance Industries news: Reliance New Energy, a wholly owned subsidiary of Reliance Industries, has signed agreements to invest in the US-based perovskite-based solar technology company Caelux Corporation. Caelux is in the research and development of perovskite-based solar technology. 
The rupee depreciated 44 paise and slipped below the 81-mark against the US dollar for the first time in early trade on Friday, weighed down by the strong American currency and risk-off sentiment among investors. Forex traders said the escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.

Markets continue to remain weak tracking bearish global trends

Friday 23 September 2022 05:42 AM UTC+00
Equity indices began the trade on a weak note, falling for the third day running on Friday, amid an overall bearish trend in global markets. The 30-share BSE Sensex declined 319.3 points to 58,800.42 in the initial trade. The NSE Nifty fell by 90.8 points to 17,539. Among the 30-share Sensex pack, Power Grid, IndusInd Bank, HDFC, Mahindra & Mahindra, and Axis Bank were the major laggards in early trade.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.

Tata Steel board approves merger of six subsidiary companies

Friday 23 September 2022 06:59 AM UTC+00
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata Steel," the statement issued by Tata Steel said.
Mahindra Finance News: The Reserve Bank of India (RBI) has barred Mahindra Finance from using services of third-party agents for loan recovery. The action comes days after a pregnant woman was crushed to death after recovery agents forcibly took away a tractor in Jharkhand's Hazaribagh. 
Indian stocks extended their losses from the previous session and declined further on Friday morning following the latest policy rates hike by the US Federal Reserve in its fight against high inflation. At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range. Further tightening of monetary policy in the US essentially means that investors will have a tendency to move to the US markets for better and stable returns.
The new telecom bill is expected to be in place in 6-10 months but the government is not in a hurry, communications minister Ashwini Vaishnaw said on Friday. "Basis consultation process, we will create final draft. That draft will then go through committee processes of Parliament. Then it has to go (to) Parliament. I see a timeline of 6-10 months but we are not in a hurry," Vaishnaw said when asked about a timeline for implementation of the final bill.
The Sensex tumbled 1,020 points while the Nifty crashed below the 17,350-mark on Friday as a flurry of rate hikes by global central banks spooked investors and sparked a global sell-off. The rupee breached the 81-mark against the US dollar in intra-day trade for the first time ever, adding to the negative sentiment.
Sebi on Friday levied fines totalling Rs 23 lakh on three entities for violating open offer and disclosure lapses in the matter of Rammaica India Ltd. The regulator imposed a fine of Rs 17 lakh on Tien Trading Pvt Ltd, Rs 4 lakh on Artlink Vintrade Ltd and Rs 2 lakh on Kyner Trading Pvt Ltd, according to a Sebi order.
NR Narayana Murthy, co-founder of IT giant Infosys, on Friday lamented that economic activities in India were "stalled" and decisions were not taken by the Manmohan Singh government in time in the Congress-led UPA-era.

India is on track to attract USD 100 bn FDI this fiscal: Govt

Saturday 24 September 2022 10:44 AM UTC+00
India is on track to attract USD 100 billion foreign direct investment (FDI) in the current fiscal on account of economic reforms and ease of doing business, the government said on Saturday.
Edtech firm Byju's has cleared the USD 230 million payment that was due to private equity investment firm Blackstone for acquiring a majority stake in test preparatory firm Aakash Educational Services, according to sources privy to the development.
Finance Minister Nirmala Sitharaman on Saturday said the rupee has "held back very well" against the US dollar when compared to other currencies. Against the backdrop of the rupee dropping to a lifetime low against the greenback, Sitharaman said the Reserve Bank and the finance ministry are keeping a very close watch on the situation.
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