Category: Stocks

A floating rate fixed deposit (FD) is where the returns of the investment are linked to a reference rate, like the Reserve Bank of India’s repo rate or a Treasury Bill yield. An investment in such an instrument does not entail a fixed interest rate for the entire term, but shifts in-line with the reference […]

According to the firms, TCS, the largest software company in India, has won a contract to spearhead Aadhar Housing Finance’s business process transformation for an undisclosed fee. June 22, 2022 / 03:15 PM IST Representative image India’s largest software firm TCS has bagged a deal to drive business process transformation at Aadhar Housing Finance for […]

It was alleged that Jaipuria had communicated unpublished price-sensitive information (UPSI) relating to a strategic partnership between Varun Beverages Ltd (VBL) and PepsiCo for selling and distribution of the larger Tropicana to two persons. Based on the information, shares of Varun Beverages, PepsiCo India’s bottling partner, were traded. PTI June 22, 2022 / 01:41 PM […]

Twenty seven percent of the store’s 7,000 type of products are produced in India. Currently, 48 percent of its workforce are women in the store. Additionally, IKEA plans to employ 10,000 in the state by 2030. IKEA India (part of the Ingka Group), the global Swedish home furnishing retailer, is set to open its third […]

Representative Image Wall Street was set to open higher on Tuesday and European shares were set for a second day of gains, recovering slightly from last week’s 17-month lows, but major central banks’ rate hike plans and global recession risks kept investors cautious. World stocks have edged higher so far this week, recovering from last […]

Coal India Limited announced on Tuesday that Adani Enterprises and eleven other entities, including offshore firms, had showed interest in bidding for coal import tenders. PTI June 21, 2022 / 09:00 PM IST Representative Image| PC- AP Adani Enterprises and 10 other companies including offshore firms have expressed interest in bidding for coal import tenders […]

Oil rose $ 2 per barrel on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. Brent crude rose $ 2.06, or 1.8%, to $ 116.08 a barrel by 10:40 a.m. ET (1440 GMT). The U.S. West Texas Intermediate (WTI) crude contract for […]

PVR and INOX Leisure, two multiplex operators, announced on Tuesday that the NSE and BSE had approved their merger. PTI June 21, 2022 / 10:21 PM IST Representative Image Multiplex operators PVR and INOX Leisure on Tuesday said that they have received clearances for their merger from bourses NSE and BSE. “The company has received […]

Twenty seven percent of the store’s 7,000 type of products are produced in India. Currently, 48 percent of its workforce are women in the store. Additionally, IKEA plans to employ 10,000 in the state by 2030. IKEA India (part of the Ingka Group), the global Swedish home furnishing retailer, is set to open its third […]

The Reserve Bank of India permitted banks and non-bank financial companies (NBFCs) issuing credit and debit cards three more months to comply with certain rules, including not activating cards without consumers’ agreement. PTI June 21, 2022 / 06:46 PM IST (Representative Image) The Reserve Bank on Tuesday gave three more months to banks and NBFCs […]

All the sectoral indices ended in the green with IT, metal, oil & gas, power, realty and PSU Bank up 3-6 percent. BSE Midcap index jumped 2.4 percent and Smallcap index was up 3 percent. Benchmark indices ended higher for the second consecutive session on June 21 with Nifty finishing above 15,600. At close, the […]

(Representative image) Startup transport services marketplace Vahak on June 21 said it has raised USD 14 million (nearly Rs 110 crore) in a funding round led by Nexus Venture Partners. Other investors like Fundamental, iSeed Ventures, Leo Capital, RTP Global and Titan Capital also took part in the Series A funding round, Vahak said in a […]

Representative image Industry body Broadband India Forum on Tuesday termed telcos’ arguments on a level playing field between public and captive private 5G networks as ”absurd and impractical”, and asserted that the two are separate sets of services on a completely different footing and not competing with each other. The age-old and time-tested concept of […]

Xpressbees has extended same-day and next-day delivery services to 1000+ cities for D2C brands, the company said in a statement. PTI June 21, 2022 / 01:03 PM IST Ecommerce logistics provider Xpressbees on Tuesday said it has extended its same-day delivery service for D2C (direct-to-consumer) brands to over 1,000 cities and towns, which will help […]