Govt buys 71,000 tonnes of onion for buffer stock
The government has bought nearly 71,000 tonnes of onion so far this year for buffer stock, out of the total target of procuring 5 lakh tonnes for price stabilisation and it expects retail prices to ease with the progress of monsoon over most parts of the country. According to data compiled...
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Open to probe, regulations will help doing business: Axis My India chief on alleged stock market manipulation through exit polls
22 June 2024 | PTI -
Hindustan Zinc, AEsir Technologies join hands for development of next-gen zinc batteries
22 June 2024 | PTI -
African, Asian tea producers flag concerns over global demand-supply mismatch
22 June 2024 | PTI -
Sun Pharma inks pact with Takeda to introduce gastrointestinal drug
22 June 2024 | PTI -
More than 50 per cent Indian households downing soft drinks; to increase with intensifying heat: Report
22 June 2024 | PTI -
POWERGRID team honoured
22 June 2024 | PNS -
Zepto raises USD 665 million; valuation nearly triples to USD 3.6 billion
22 June 2024 | PTI
RAI's Budget wishlist: Lower taxes for individuals, benefits on land rates, electricity
n The Retailers Association of India (RAI) on Friday called for lower taxes for individuals to generate demand and spur consumption besides seeking low-cost finance, subsidies and benefits on land rates and necessities such as electricity for retailers ahead of Union Budget FY25. Retailing in India accounts for about 10 per...
Rural India bright star for FMCG sales, says Kantar
Rural India remains a "bright star" for the growth of fast-moving consumer goods sales and the region is expected to maintain better pace of expansion than urban areas in the second quarter of 2024, a report said on Friday. According to a report from data, insights and consulting firm Kantar, rural...
Gold surges Rs 800; silver rallies Rs 1,400
Gold prices surged Rs 800 to Rs 73,350 per 10 grams in the national capital on Friday amid a rally in precious metal rates in the international markets, according to HDFC Securities. In the previous session, the yellow metal had closed at Rs 72,550 per 10 grams. Extending gains for the fourth...
Markets halt record-breaking rally
Halting their record-breaking rally, equity benchmark indices Sensex and Nifty buckled under selling pressure on Friday as investors pared exposure to oil & gas, capital goods and FMCG stocks amid a bearish trend in global markets. However, recent foreign capital inflows and buying in index majors Bharti Airtel, Infosys and TCS...
Warburg Pincus-backed Avanse Financial files draft papers for Rs 3,500-cr IPO
Avanse Financial Services Ltd, an education- focused non banking financial company, has filed preliminary papers with Sebi to raise Rs 3,500 crore through an initial public offering (IPO). The company, promoted by Olive Vine Investment Ltd, an affiliate of private equity major Warburg Pincus, proposes to use the funds to increase...
Nifty hits fresh record peak; Sensex climbs over 300 points in early trade
Benchmark equity indices rallied in early trade on Friday, with the NSE Nifty hitting a fresh all-time peak, helped by buying in IT stocks and continuous foreign fund inflows. The 30-share BSE Sensex climbed 329.52 points to 77,808.45 in early trade. The Nifty went up by 100.1 points to hit a...
Sebi orders Religare to seek regulatory approvals for Burman family open offer
Markets watchdog Sebi has ordered non-banking financial company Religare Enterprises (REL) to seek statutory approvals from regulatory authorities for an open offer by Dabur India promoter Burman family before July 12. The Burman group accused Religare's board and its Chairperson Rashmi Saluja of obstructing the open offer. Meanwhile, Religare argued that...
