The Union mines ministry is likely to begin the auction of offshore mineral blocks in the next two or three months with 10 such blocks to be put under the hammer in the first phase, coal and mines minister G Kishan Reddy said on Thursday. “The government plans to auction offshore mineral blocks in two
Union minister for petroleum and natural gas Hardeep Singh Puri on Thursday said that with more oil coming to the market and easing of geopolitical tensions, the global oil market situation will calm. He noted that major oil consuming countries including India are not likely to face any shortfall of oil supply on account of
Maruti Suzuki has disrupted the compact sedan segment with the all-new fourth-generation Dzire. The nameplate is synonymous with success in the Indian market, the Dzire has long been the top-selling sedan across all categories. The new model not only introduces a host of segment-first features but also stands as the safest sedan in its class.
BMW has launched an updated version of one of its most popular performance cars— the M340i. Sitting on top of the 3-Series range, just below the full-fledged race-spec M3, the M340i is the ideal combination of performance and luxury. Priced at Rs 74.90 lakh (ex-showroom), BMW claims to have sold more than 1,000 units of
8th Pay commission News: As the 7th Pay Commission is about to complete 9 years and enter the final phase of its tenure (as past Pay Commissions have typically lasted 10 years), there is a lot of buzz surrounding the formation of the 8th Pay Commission. Around 1.2 crore central government employees and pensioners are
Shares of Jio Financial Services and Zomato ended with major gains on Thursday in anticipation of their entry in the Nifty 50 after the National Stock Exchange (NSE) announced the launch of derivatives contracts on the stocks. Jio Financial Services was the biggest gainer among Nifty 100 companies as it ended the day 6.8% higher
KTM, after much debate online over the last few days, has finally launched its range of big bikes in India, which includes the range-topping KTM 1390 Super Duke R to the 1290 Adventure S and the potent 890 Adventure R. In total, KTM has launched 10 motorcycles, which are all new for India. KTM big
Niva Bupa Health Insurance Company on Thursday made its market debut, listing at ₹78.1 on the National Stock Exchange (NSE), a 6% premium over its issue price of ₹74. However, the stock closed 5.23% down at ₹74.01. The ₹2,200-crore IPO comprised a fresh issue of shares worth ₹800 crore and an offer-for-sale (OFS) of up
Advance tax collections from the corporate sector, other firms and individuals in the current fiscal stood at Rs 10.45 lakh crore as on Sunday, up 14.6% on year. In the corresponding period of last fiscal, these collections — a proxy of corporate profitability and the state of the economy — stood at Rs 9.11 lakh
The four new companies formed after the restructuring of Vedanta have the potential to be $100 billion firms each, chairperson Anil Agarwal has said in a letter to shareholders. He has also highlighted the potential of the natural resources sector, both in India and global economies.“While Vedanta currently contributes close to 1.4% to India’s GDP, there
Fast-moving consumer goods (FMCG) companies are asking for a separate law to govern beauty and personal care (BPC) products, saying current regulations under the Drugs and Cosmetics Act 1940 impede growth. At present, the making of soaps, skin care, hair care, oral care and cosmetic products, much like drugs, is regulated under a system of
E-commerce major, Amazon, is exploring the possibility of spinning off its India operations and listing it, according to industry sources. The company, which is the second largest player in the e-commerce sector, behind Flipkart, has initiated preliminary talks with investment banks to assess the feasibility of such a move, sources added. According to a report
Budget carrier SpiceJet on Monday announced that its founder and promoter, Ajay Singh, through Spice Healthcare, a promoter group entity, will infuse `294.09 crore into the airline. This would be done through the conversion of 131.4 million warrants into an equal number of equity shares. This strategic move will increase the consolidated shareholding of the
