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  LIC IPO fully subscribed on day 2; offer closes on May 9

  May 05, 2022 20:00 IST

  Against 16,20,78,067 shares on offer, 16,25,35,125 bids were received, making the public issue fully subscribed, as per data on stock exchanges as of 6.24 pm.

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  Adani Power net profit jumps multi-fold to Rs 4,645 crore in March quarter

  May 05, 2022 18:01 IST

  Total income of the company rose to Rs 13,307.92 crore in the quarter ended on March 31, 2022 from Rs 6,902.01 crore in the same period a year ago, it said in a statement on Thursday.

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  How RBI rate hike will tame inflation? Explained

  May 05, 2022 17:11 IST

  The Reserve Bank of India in a surprise move on Wednesday (May 4) announced to hike the repo rate by 40 basis points to 4.40 per cent, the first hike since August 2018.

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  Markets erase gains after initial euphoria to end flat; Nifty ends below 16,700

  May 05, 2022 17:00 IST

  The 30-share BSE benchmark Sensex had jumped 897.77 points or 1.61 per cent to 56,566.80 during the day. But it pared most of the gains and closed just 33.20 points or 0.06 per cent higher at 55,702.23. Similarly, the NSE Nifty inched up 5.05 points or 0.03 per cent to 16,682.65.  

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  Did Netflix misled investors about declining subscriber growth? Lawsuit claims so

  May 05, 2022 11:02 IST

  Netflix reported a net loss of 200,000 subscribers in the first three months of 2022.

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  US Federal Reserve raises key interest rate by half a percentage point, its biggest hike since 2000

  May 05, 2022 0:00 IST

  All told, the Fed’s credit tightening will likely mean higher loan rates for many consumers and businesses over time, including for mortgages, credit cards and auto loans. With prices for food, energy and consumer goods accelerating, the Fed’s goal is to cool spending — and economic growth — by making it more expensive for individuals and businesses to borrow.

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  Punjab: Tata Technologies offers to set up EV production unit

  May 04, 2022 21:28 IST

  During the deliberations, the delegation comprising Global CEO of Tata Technologies Warren Harris, President Global HR and IT Pawan Bhageria and others evinced keen interest to set up this unit in the state with a current investment of Rs 250 crore and future investment of Rs 1,600 crore.

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  LIC IPO: Policyholders' portion oversubscribed; overall subscription at 67% on day 1

  May 04, 2022 20:40 IST

  The government aims to generate about Rs 21,000 crore by selling 3.5 per cent stake in the insurance behemoth. LIC's initial public offering (IPO), open for retail and institutional investors, is set to close on May 9. The issue period also includes bidding on Saturday, May 7.

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  Home, auto loans EMIs set to go up after RBI's unscheduled interest rate hike | Details

  May 04, 2022 17:21 IST

  RBI Governor Shaktikanta Das said that all six members of the MPC unanimously voted for a rate hike to contain inflation that has remained stubbornly above the target of 6 per cent for the last three months.

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  Arvind Krishna, IBM chairman, elected to Board of Directors of Federal Reserve Bank of New York

  May 04, 2022 14:42 IST

  Krishna, who has an undergraduate degree from the Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign, previously was senior vice president of Cloud and Cognitive Software.

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  RBI hikes interest rate by 40 basis points to 4.40%, CRR to 4.50% in unscheduled policy review

  May 04, 2022 15:45 IST

  RBI hikes repo rate by 40bps hike to 4.40% in an unscheduled policy review citing inflation woes

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  Sensex crashes over 1,300 points, Nifty ends below 16,700 after RBI's rate hike surprise

  May 04, 2022 17:01 IST

  Sensex and Nifty fell over 2 per cent each soon after RBI announced to hike the repo rate and cash reserve ratio.

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  NINL acquisition: Tata Steel to complete acquisition by end of this quarter

  May 04, 2022 11:30 IST

  On January 31, Tata Steel had announced winning the bid for acquiring 93.71 per cent stake in Odisha-based steel maker NINL for Rs 12,100 crore.  

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  Twitter may charge slight fee for commercial, government users: Musk

  May 17, 2022 15:16 IST

  Elon Musk bought Twitter for approximately USD 44 billion approximately (Rs 3,365 crore) last month. He has been suggesting a slew of changes since then to enhance the platform with new features.

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  LIC IPO: Issue opens for subscription today, check price band, GMP

  May 04, 2022 10:55 IST

  LIC IPO Price, LIC GMP Today: LIC IPO will remain open for subscription till May 9. In the grey market, LIC shares are trading at a premium of roughly 9 per cent.

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  LIC reaches its policyholders via SMS on IPO eve

  May 04, 2022 3:45 IST

  LIC has fixed the price band at Rs 902-949 per equity share for the issue. The offer includes a reservation for eligible employees and policyholders.

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  Sri Lanka govt to provide cash to low income families hit by economic crisis

  May 04, 2022 1:00 IST

  The world bank is facilitating financial and technical assistance to Sri Lanka. The cash transfer will be done only through bank accounts. Any eligible person who doesn't have an account will be informed to open one immediately by government officials concerned, the minister said in a tweet.  

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  Modi in Denmark: Using expression 'FOMO', PM says those not investing in India will miss out

  May 03, 2022 20:39 IST

  PM Modi, who is on official visit to the Nordic nation, told the gathering there is great scope of investing in green technology. He further said the business worlds of India and Denmark have often worked together in the past.

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  India has extended assistance of over $3 billion to Sri Lanka in 2022: High Commission

  May 03, 2022 20:04 IST

  On Monday, India had extended its current credit line by a further USD 200 million to replenish Sri Lanka’s rapidly depleting fuel stocks.  

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  Adani Wilmar Q4 profit down 26 pc to Rs 234 cr; income up 40 pc to Rs 15,023 cr

  May 03, 2022 20:46 IST

  Adani Wilmar, which sells its cooking oils and some other food products under the Fortune brand, is a 50:50 joint venture between business conglomerate Adani Group and Singapore-based Wilmar.

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  Adani Wilmar acquires popular rice brand Kohinoor

  May 03, 2022 14:32 IST

  The takeover will give Adani Wilmar an exclusive rights over the brand Kohinoor Basmati rice.

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  India's unemployment rate rises to 7.83% in April, Haryana tops the list

  May 03, 2022 12:29 IST

  Unemployment rate was the highest in Haryana at 34.5 per cent followed by Rajasthan at 28.8 per cent, Bihar 21.1 per cent and Jammu and Kashmir 15.6 per cent.

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  India's 5G rollout likely by Aug-Sep; here's how it's set to change the way we live

  May 03, 2022 12:00 IST

  Many things which seem to be impossible at the moment will become part of our daily lives which we can’t even imagine today. Like, a patient can be treated virtually by means of virtual reality controllers among several other such marvel technological advacements after the launch of 5G services.

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  LIC IPO sees 'excellent' response from anchor investors

  May 03, 2022 15:58 IST

  LICO IPO: The LIC share sale would be the biggest ever amount raised through an initial public offering in the Indian stock market.

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  Ashneer Grover says he'll start his own venture sans investors

  May 03, 2022 0:45 IST

  Grover, who along with his wife Madhuri Jain Grover has been stripped of all company titles over alleged "extensive misappropriation of company funds" and using "company expense accounts" to "enrich themselves and fund their lavish lifestyles", said he will not go back to investors again.

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  LIC owns 4% of all listed stocks in India, more government bonds than the RBI

  May 02, 2022 19:59 IST

  As per a note by GEPL Capital on the LIC IPO, LIC invests these funds across stocks and bonds. They own 4 per cent of all listed stocks in India and more government bonds than the RBI.  

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  Is Elon Musk replacing Twitter CEO Parag Agrawal? Here's what we know so far

  May 02, 2022 21:09 IST

  The Indian-origin CEO is estimated to receive $42 million if he were terminated within 12 months of a change in control at the social media company.

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  HDFC announces dividend of Rs 30 per equity share

  May 02, 2022 18:05 IST

  HDFC Dividend: HDFC will pay Rs 30 dividend per equity share to its shareholders.