India Inc saw a huge 63 per cent increase in deal value for the month of August at $8.7 billion amid geopolitical challenges, as telecom, energy and EV sectors shined, a report showed on Monday. Excluding IPOs and Qualified institutional placements (QIPs), the month saw a total of 179 deals. Overall volumes saw a modest … Read more
As road infrastructure and connectivity significantly improved in the last 10 years under the Prime Minister Narendra Modi’s vision, the global hospitality majors are strategically expanding their presence by developing hotels near major highways and key service stations, providing travellers with convenient and comfortable options for stays, industry leaders have said. The government has enhanced … Read more
The dollar recouped some of last week's losses on Monday as investors looked ahead to U.S. inflation data after Friday's mixed payrolls report sparked uncertainty about the size of a Federal Reserve rate cut next week. The yen weakened against the dollar after a four-day run of gains. It was last down 0.7% to 143.35 … Read more
The Abu Dhabi National Oil Company has agreed a 15-year deal to supply Indian Oil with 1 million metric tons per annum of liquefied natural gas, the Abu Dhabi Media Office said on Monday. The LNG will mainly come from ADNOC's Ruwais LNG project, the government media office said. ADNOC has big ambitions in gas … Read more
Indian consumer inflation probably held below the Reserve Bank of India's 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year's high base, a Reuters poll of economists found. Although food prices, which make up nearly half the inflation basket, have eased significantly in … Read more
Star Housing Finance is currently trading at Rs. 49.00, up by 1.67 points or 3.53% from its previous closing of Rs. 47.33 on the BSE. The scrip opened at Rs. 47.33 and has touched a high and low of Rs. 52.20 and Rs. 47.20 respectively. So far 317554 shares were traded on the counter. The … Read more
India's defence export is estimated to grow at 18 per cent CAGR (compound annual growth rate) from FY24-FY30, driven by the 'Make in India' initiative and thrust on local manufacturing. According to global investment firm Jefferies, which cited factors such as geopolitical tensions and the government's push to indigenisation the defence sector, opportunities are growing … Read more
As the adoption of electric vehicles (EVs) increase in the country, the cost of EVs will almost match petrol and diesel vehicles within the next two years, Union Minister for Road Transport and Highways, Nitin Gadkari, said on Monday. Addressing an event here organised by the Automotive Component Manufacturers Association of India (ACMA), the Minister … Read more
Indian electric two wheeler-maker Ather Energy has filed for an IPO consisting of a fresh issue of shares worth 31 billion rupees ($369.4 million), it said in a draft filing on Monday. Backed by Indian bike-maker Hero MotoCorp, Ather makes electric scooters and competes with recently-listed Ola Electric. Investors and some top shareholders will sell … Read more
Emphasizing the increasing consumption and importance of man-made fibres and technical textiles in all spaces of life, at both a global and domestic level, Union Minister of Textiles, Giriraj Singh has expressed confidence that India’s technical textile exports will cross the target of $10 billion set for 2030. The Union Minister further stated that the … Read more