Markets

Flipkart to buy 8% stake in Aditya Birla Fashion and Retail for $203.78 million

Walmart Inc's Flipkart will invest 15 billion rupees ($203.78 million) in Aditya Birla Fashion and Retail Ltd for a 7.8% stake, the fashion apparel company said here on Friday, Oct 23.

Oct 23, 2020

India's September gold imports fall 59% to four-month low

India's gold imports in September fell 59% from a year earlier to the lowest level in four months, a government source said on Tuesday, as a drop in prices from a record high failed to lure buyers, which were postponing purchases anticipating bigger drop.

Oct 6, 2020

India's Aug crude steel output falls 4%, China logs 8% rise

Production of crude steel in India in August declined 4.4 per cent on a year-on-year basis to 8.48 million tonne (Mt), according to data from the World Steel Association.

Sep 27, 2020

LIC expands market share as private insurers lose ground

APE is the sum of annualised first-year premiums on regular premium policies and 10% of single premiums on the new business written during any period.

Sep 12, 2020

If you invested ₹1.4 lakh in this stock in 2003; it's worth ₹6.4 crore now

Looking at the phenomenal journey of Divis Labs, a pharma company that kicked off its IPO in 2003 and never looked back.

Sep 9, 2020

RBI suggests measures to improve liquidity, boosts demand for govt bonds with yields monitored

RBI to allow banks to hold fresh acquisitions of SLR securities acquired from September 1, 2020 under HTM up to an overall limit of 22 percent of NDTL up to March 31, 2021.

Sep 1, 2020

India's equity mutual funds show first outflows in more than four years

India's equity mutual funds had outflows last month for the first time in more than four years as investors, worried by a share price crash in March due to the coronavirus pandemic, took their money out as stock prices recovered.

Aug 10, 2020

ICICI Bank's Q1FY21 net profit rises 36% to Rs 2,599 cr

Private sector lending major ICICI Bank reported a 36 per cent growth in standalone net profit of Rs 2,599 crore for the first quarter of 2020-21.

Jul 25, 2020

Wendell Huang, VP and Chief Financial Officer of TSMC

Taiwan's TSMC cuts off supply to Huawei - its second-priority customer; here's why

TSMC has taken a short-term blow with the U.S sanctions imposed on Huawei, but believes strong demand for 5G smartphones, infrastructure and high-performance computing applications will help fuel the growth engine, despite export ban and the Covid-19 pandemic.

Jul 18, 2020