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Adani Power

Adani Power To Acquire DB Power For Rs 7,017 Crore

The cost of acquisition will be at an enterprise value of Rs 7,017 crore, subject to adjustments on the closing date, for cash consideration

19 August 2022

Sovereign Gold Bonds

Gold Bond Issue Price Fixed At Rs 5,197/Gram Of Gold; Subscription To Open On Monday

The central government, in consultation with the Reserve Bank of India, has decided to offer a discount of Rs 50 per gram, less than the nominal value, to those investors applying online and the payment against the...


Akasa Air.

Rakesh Jhunjhunwala-Backed Akasa Air Expects To Operate Over 150 Weekly Flights By September-End

The airline started operations on August 7 and now flies on three routes -- Mumbai-Ahmedabad, Bengaluru-Kochi, and Bengaluru-Mumbai


Indian rupee

Foreign Exchange Reserves Decline To $570.74 Billion In The Week Ended August 12

In the previous week ended August 5, the foreign exchange reserves declined from $897 million to $572.978 billion

19 August 2022

Inflation

Inflation 'Unacceptably And Uncomfortably' High; Policy Measures To Remain Calibrated, Measured: Governor Das

Reserve Bank Governor Shaktikanta Das said the policy actions of the central bank "would continue to be calibrated, measured and nimble depending upon the unfolding dynamics of inflation and economic activity"


Source: Shutterstock

Gold Prices Today: Gold Slips Rs 389; Silver Plunges Rs 1,607

In the international market, the price of spot gold was down 0.3 per cent at $1,753 per ounce as of 0940 GMT

19 August 2022

fintech

Fintech Startup Uni Stops Card Services Over RBI’s Digital Lending Norms

Indian fintech startup suspends card services after RBI guidelines on digital lending

19 August 2022

mutual funds

Mirae Asset Mutual Fund’s NFOs Eye Global Tech Growth, Bet On Overseas ETFs

Mirae Asset Mutual Fund’s two new AI and EV-Focussed NFOs bring opportunities for Indian investors to invest in major global tech companies


Cryptocurrency Prices, Trading Updates Today: Bitcoin Gains 3%, Ethereum Rises 4% And Most Trending

Cryptocurrency Prices Today: BTC, ETH Nosedive Over 7% As Recession Fear Looms Crypto Market

Bitcoin (BTC) fell 8.29 per cent to $21,534, while Ethereum (ETH) was down 7.15 per cent to $1,719 on Friday evening

19 August 2022

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19 August 2022
Why Government Is Pushing For Common Chargers Across All Portable Electronic Devices

Why Government Is Pushing For Common Chargers Across All Portable Electronic Devices

The expert groups will submit a detailed report in this regard in the next two months, after studying charging points in smartphones, feature phones, and...


19 August 2022
HDFC AMC Latest Mutual Fund To Launch Silver ETF, New Fund Offer Closes On August 26

HDFC AMC Latest Mutual Fund To Launch Silver ETF, New Fund Offer Closes On August 26

HDFC AMC joins list of mutual fund houses to offer silver exchange-traded funds. New fund offer, which opened on August 18, 2022, will close on August 26


19 August 2022
Sensex Falls Over 650 Points, Nifty Below 17,800 On Profit Booking

Sensex Falls Over 650 Points, Nifty Below 17,800 On Profit Booking

Selling pressure was broad based as thirteen of 15 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Realty index's...


19 August 2022
SBI Sells KSK Mahanadi Power Loan Account To Aditya Birla ARC For Rs 1,622 Crore

SBI Sells KSK Mahanadi Power Loan Account To Aditya Birla ARC For Rs 1,622 Crore

KSK Mahanadi Power Company had total loan outstanding of Rs 3,815.04 crore towards State Bank of India (SBI) as of April 2022


19 August 2022
Jubilant Foodworks Bullish About Medium-Term Market Potential In India

Jubilant Foodworks Bullish About Medium-Term Market Potential In India

During the financial year 2021-22, Jubilant Foodworks has crossed the 1,500th Domino's store milestone in India, the only Domino’s market outside the USA to...


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19 August 2022
National Pension System: What Are Pension Fund Managers And How Do They Function?

National Pension System: What Are Pension Fund Managers And How Do They Function?

The PFRDA has appointed Tata Pension Management Limited as the latest pension fund manager under the NPS. But what are pension fund managers and what are their...


19 August 2022
Future Enterprises Defaults On Rs 13 Crore Interest Payment For NCDs

Future Enterprises Defaults On Rs 13 Crore Interest Payment For NCDs

"The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures (NCDs) due on August 17, 2022," it said on Thursday


19 August 2022
Ircon International Scouting For More Projects To Build Global Portfolio: Chairman & MD Yogesh Kumar

Ircon International Scouting For More Projects To Build Global Portfolio: Chairman & MD Yogesh Kumar

The company is looking forward to secure foreign projects through line of credit/other project funding arrangements of EXIM Bank of India and projects funded...


19 August 2022
CEAT Aims To Make Deeper Inroads Into Small Towns, Eyes 1 Lakh Outlets In 2-3 Years: COO Arnab Banerjee

CEAT Aims To Make Deeper Inroads Into Small Towns, Eyes 1 Lakh Outlets In 2-3 Years: COO Arnab Banerjee

At the moment, he said the company is doing a habitat-based survey "because not all places with 5,000 or 10,000 population have outlets" and CEAT's aim is to...


19 August 2022
Commerce Ministry For Imposing Anti-Dumping Duty On Chinese Ofloxacin Medicine

Commerce Ministry For Imposing Anti-Dumping Duty On Chinese Ofloxacin Medicine

Ofloxacin is used to treat certain infections including bronchitis, pneumonia and infection of skin, bladder, urinary tract and prostate


19 August 2022
Gold Imports Rise 6.4% To $13 Billion In April-July This Fiscal

Gold Imports Rise 6.4% To $13 Billion In April-July This Fiscal

India is the world's second-biggest gold consumer after China. The imports mainly take care of the demand by the jewellery industry


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19 August 2022
Intercept Pharmaceuticals Settles Ocaliva Patent Litigation Case With Dr Reddy's

Intercept Pharmaceuticals Settles Ocaliva Patent Litigation Case With Dr Reddy's

Ocaliva is used to treat a rare, chronic liver disease known as primary biliary cholangitis (PBC)


19 August 2022
IRCTC Stock Surges Nearly 5% After Trading Ex-Dividend

IRCTC Stock Surges Nearly 5% After Trading Ex-Dividend

Shares of Indian Railway Catering and Tourism Corporation (IRCTC), the online ticket booking arm of Indian Railways, rose as much as 5 per cent to hit an...


19 August 2022
Cryptocurrency Prices Today: Bitcoin, Ethereum Fall As Markets Remain Muted

Cryptocurrency Prices Today: Bitcoin, Ethereum Fall As Markets Remain Muted

Bitcoin (BTC) fell 2.76 per cent to $22,804, while Ethereum (ETH) was down 1.62 per cent to $1,820 on Friday


19 August 2022
Government Hikes Windfall Profit Tax On Export Of Diesel; Cuts Tax On Domestic Crude Oil

Government Hikes Windfall Profit Tax On Export Of Diesel; Cuts Tax On Domestic Crude Oil

Earlier this month, the government had scrapped the windfall profit tax on ATF (Aviation Turbine Fuel) exports


19 August 2022
Sensex, Nifty Choppy; Infosys, Kotak Bank Gain, ICICI Bank, Reliance Fall

Sensex, Nifty Choppy; Infosys, Kotak Bank Gain, ICICI Bank, Reliance Fall

Overnight, Wall Street ended with modest gains for stocks Thursday and the benchmark S&P 500 barely back into the green for the week


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