New Delhi, Feb 05 (Agencies) :  India is likely to issue at least USD 5 billion worth of bonds with no limits on foreign investment next year, in a bid to list the bonds on global indices and attract more foreign funds, according to two finance ministry sources. India’s government is likely to issue the […]

New Delhi, Feb 05 (Agencies)  : Skoda is hoping government moves to drag regulations for cars sold in India up to developed market standards will help turn around its fortunes in a market where it has stalled. The Volkswagen-owned Czech carmaker has been tasked with helping its German parent achieve a 2025 target of a […]

Mumbai, Feb 01 (Agencies):  Shares of Indian Railway Catering and Tourism Corporation (IRCTC) were trading higher for the seventh straight day, up 10 per cent to Rs 1,328 on the BSE on Saturday. The stock has rallied 17 per cent in the past two trading days. IRCTC, the government-owned travel support services company, was trading […]

Mumbai, Feb 1 (Agencies): Brookfield Business Partners, together with its institutional partners, will invest Rs 1,450 crore in IndoStar Capital Finance to pick up 40 per cent stake in the company. The overall investment will comprise a combination of primary investment in equity shares and compulsorily convertible preference shares of Rs 1,225 crore along with […]

Mumbai , Feb 01 (Agencies) : Shares of Divi’s Laboratories hit a new high of Rs 2,014, up 3 per cent on the BSE on Saturday, after the company’s unit in Andhra Pradesh received zero ‘483’ observations from the USA’s health regulator. The drug firm’s stock surpassed its previous high of Rs 1,994, touched on […]

Mumbi, Feb 01 (Agencies) : Market benchmarks Sensex and Nifty turned cautious in late-morning trade on Saturday as Finance Minster Nirmala Sitharaman began presenting the Union Budget 2020-21 in Parliament. After gyrating over 450 points in the morning session, the 30-share BSE Sensex was trading 30.84 points, or 0.08 per cent, higher at 40,754.33 at […]

New Delhi, Jan 31 (Agencies) : The services sector accounts for about 55 per cent of the economy and gross value added (GVA) growth, according to the Economic Survey 2019-20 tabled in Parliament on Friday by Finance Minister Nirmala Sitharaman. The sector accounts for two-thirds of total foreign direct investment (FDI) inflows into India and […]

New Delhi , Jan 30 (Agencies) : The special resolution proposed by IndiGo co-promoter Rakesh Gangwal was defeated in the company’s action-packed Extraordinary General Meeting (EGM) on Wednesday. The resolution has not been passed as only 48.56 per cent of the votes cast were in its favour, while 51.44 per cent were against, according to […]

Washington, Jan 30 (Agencies) : The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the US central bank pointing to continued moderate economic growth and a “strong” job market, and giving no sign of any imminent changes in borrowing costs. “We believe the […]