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  Wipro fires 300 employees for 'moonlighting'

  September 21, 2022 19:09 IST

  Wipro: Its chairman Rishad Premji, who has been a vocal critic of moonlighting, said the company has no place for any employee who chooses to work directly with rivals while being on Wipro payrolls.

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  CBI arrests ABG Shipyard founder-chairman Rishi Agrawal in over Rs 22,000 crore bank fraud case

  September 21, 2022 18:47 IST

  Rishi Kamlesh Agrawal has been arrested on charges of duping a consortium of 28 banks of Rs 22,842 crores of bank fraud, CBI sources said.

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  Adani Group pledges stake worth USD 13 bn in Ambuja Cements and ACC

  September 21, 2022 11:20 IST

  Adani has acquired the two firms through a Mauritius-based SPV Endeavour Trade and Investment Ltd (ETIL), which is owned by Xcent Trade and Investment Ltd (XTIL).

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  Markets fall in early trade; turn choppy later

  September 21, 2022 11:04 IST

  Among the 30-share Sensex pack, IndusInd Bank, Infosys, HDFC, ICICI Bank, TCS, and Kotak Mahindra Bank were the biggest laggards. However, Nestle, Hindustan Unilever, Maruti, and Mahindra & Mahindra were among the gainers.

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  Rupee falls 8 paise to 79.82 against US dollar in early trade

  September 21, 2022 10:53 IST

  At the interbank foreign exchange market, the rupee opened at 79.81 against the greenback, then fell to 79.82, registering a decline of 8 paise over its last close.

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  Exports of broken rice consignments in transit extended till September 30

  September 21, 2022 9:42 IST

  The ban on exports assumes significance as it appeared that the overall sown area under paddy this Kharif season could be lower than that of last year.

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  India would be USD 25 trn economy in 25 years : NaBFID Chairman Kamath

  September 20, 2022 16:10 IST

  NaBFID was set up by the government last year to support the development of long-term infrastructure financing in the country. Kamath also said all the necessary policies and frameworks related to NaBFID have been done.

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  Rupee rises 16 paise to 79.65 against US dollar in early trade

  September 20, 2022 11:20 IST

  At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.65, registering a gain of 16 paise over its previous close.

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  Markets trade firm in early trade; Sensex climbs 672 points

  September 20, 2022 11:04 IST

  All the 30-share Sensex pack of firms was trading in the green in early trade, with IndusInd Bank, Bajaj Finserv, Bajaj Finance, Axis Bank, ICICI Bank, Larsen & Toubro, and Tata Steel emerging as major winners.

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  CBI files charge sheet against Rana Kapoor, Gautam Thapar in Yes Bank fraud

  September 19, 2022 21:25 IST

  In its charge sheet filed before the special CBI court in Mumbai, the probe agency has also named Thapar in the scam.

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  Adani Green commissions 325-MW wind power project in Madhya Pradesh

  September 19, 2022 18:41 IST

  The newly commissioned plant will be managed by the Adani Group's 'Energy Network Operation Centre' platform, which provides technological assistance.

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  Sebi looks to boost surveillance of social media, other platforms through web intelligence tool

  September 19, 2022 16:07 IST

  The tool will generate ready-made reports based on the defined report templates, and the users will be able to create and modify report templates without any coding requirement.

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  Govt kickstarts sale process of 2 subsidiaries of erstwhile national carrier Air India

  September 19, 2022 12:28 IST

  A debt-laden Air India was sold to Tata Group in October last year for Rs 18,000 crore. The actual handover to Tatas happened on January 27, 2022.

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  Markets bounce back after falling in early trade

  September 19, 2022 11:14 IST

  From the Sensex pack, UltraTech Cement, Asian Paints, Titan, Dr. Reddy's, Tata Steel, HCL Technologies, Maruti, and ICICI Bank were the major laggards in early trade. Mahindra & Mahindra, IndusInd Bank, Infosys, Bajaj Finserv, and State Bank of India were trading in the green.

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  Rupee rises 14 paise to 79.64 against US dollar in early trade

  September 19, 2022 10:51 IST

  At the interbank foreign exchange, the domestic unit opened at 79.70 against the dollar, then touched 79.64 against the American currency, registering a gain of 14 paise over its previous close.

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  FPIs infuse Rs 12,000 cr in Indian equities in September on hopes of slow rate hikes

  September 18, 2022 13:39 IST

  In the near term, FPIs flow are expected to remain volatile given the headwinds in terms of monetary tightening, rising inflation, geopolitical concerns, etc.

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  Honda expects India biz to get back on track as it looks to re-enter SUV segment next year

  September 18, 2022 13:37 IST

  Honda India business: The company, which is present through a wholly-owned subsidiary in the country, currently does not have presence in the sports utility vehicle (SUV) space, which has now become the largest segment in the over 30 lakh per annum domestic passenger vehicle industry.

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  Delhi's property owners in a fix over circle rate, market value mismatch

  September 18, 2022 13:23 IST

  Delhi property rates: Experts believe the solution lies in either rationalizing the circle rates or reclassification of colonies as per the prevailing trends and facilities.

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  Market updates: 6 of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

  September 25, 2022 11:29 IST

  In the ranking of most valued firms, Reliance Industries was leading the pack, followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, State Bank of India, Adani Transmission, Bajaj Finance and HDFC.

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  Adani becomes India’s second largest cement player

  September 16, 2022 18:50 IST

  The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations.

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  Markets tank nearly 2% amid weak global markets; Sensex falls 1000 points, Nifty settles at 17,530

  September 16, 2022 16:34 IST

  The 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79. During the day, it tumbled 1,246.84 points or 2 per cent to 58,687.17. The NSE Nifty declined 346.55 points or 1.94 per cent to close at 17,530.85.

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  Market updates: Sensex tanks over 1000 points on heavy sell-off; Nifty around 17,550

  September 16, 2022 14:46 IST

  Earlier this week, rating agency Fitch reduced India's projected gross domestic product growth for the current fiscal year from 7.8% to 7% due to a slowdown brought on by increased inflation, global economic stress, and tighter RBI monetary policy.

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  Gautam Adani becomes world’s second richest person: Forbes data

  September 16, 2022 15:39 IST

  According to Forbes’ Real-Time Billionaires List, Adani and his family’s net worth as of early Friday stood at $155.4 billion against Arnault’s $155.2 billion.

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  Govt revises definition of small cos; more firms to have reduced compliance burden

  September 16, 2022 11:36 IST

  An auditor of a small company is not required to report on the adequacy of the internal financial controls and its operating effectiveness in the auditor's report, and such companies need to hold only two board meetings in a year.

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  Rupee falls 11 paise to 79.82 against US dollar in early trade

  September 16, 2022 11:01 IST

  At the interbank foreign exchange market, the rupee opened at 79.80 against the greenback, then fell to 79.82, registering a decline of 11 paise over its last close.

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  Sensex falls over 500 points in early trade amid weak global markets

  September 16, 2022 10:47 IST

  From the Sensex pack, Mahindra & Mahindra, Tech Mahindra, TCS, Wipro, HDFC, Infosys, Axis Bank, HCL Technologies, and Power Grid were among the major laggards. IndusInd Bank, Bajaj Finance, Sun Pharma, and Asian Paints were among the early gainers.

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  India set to become 10 trillion-dollar economy by 2030: Hardeep Singh Puri

  September 16, 2022 8:26 IST

  Puri addressed 25th Energy Technology Meet, organized by Centre for High Technology, under the aegis of Petroleum and Natural Gas Ministry, Govt of India, in association with Hindustan Petroleum Corporation Ltd in Mumbai.

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  Vedanta-Foxconn plant: NCP says no hope of semiconductor unit coming back to Maharashtra

  September 15, 2022 19:11 IST

  Vedanta-Foxconn Plant: The Opposition parties have sought to corner the Eknath Shinde-Bharatiya Janata Party (BJP) government following the announcement two days ago that the Rs 1.54 lakh crore semiconductor plant would be set up in neighbouring Gujarat and not in Maharashtra as proposed earlier.