Business
The government taking a 35.8% holding in Vodafone Idea has surprised many. At a time when it looked poised to dilute its stakes in many public sector companies, the move failed to excite the Street too, as the cash-strapped company’s shares dipped 21% yesterday. Experts also pointed out
Business
Sheikh Samiullah, CEO and the co-founder of FastBeetle told Business Today In in an exclusive interaction that the fresh funding will be utilised in expanding the operations to several rural districts of the union territory including South Kashmir as well as Jammu regions. Logistics tech platform headquartered in Srinagar, FastBeetle,
Business
PTI Petrol and diesel prices on Thursday neared record levels across the country after rates were hiked by 25 paise and 30 paise a litre respectively. The price of petrol was hiked to Rs 101.64 a litre in Delhi and to Rs 107.71 per litre in Mumbai, according
Business
PTI In order to survive Financial Crisis, State-owned telecom firm BSNL has approached the government for Rs 40,000 crore financial help, half of which it needs in the form of sovereign guarantee to clear short-term debt. BSNL Chairman and Managing Director PK Purwar told PTI that the company does
Business
Reuters Ford Motor Company said on September 9 that it will end manufacturing operations in India, shuttering its two plants in Sanand and Chennai, a decision forced by huge accumulated losses and lack of growth in a difficult market. Ford will wind down the manufacturing of vehicle for exports in
Business
PTI Mumbai: The rupee on Tuesday declined by 11 paise to close at 74.35 (provisional) against the US currency due to a stronger dollar in the overseas markets. At the interbank foreign exchange market, the domestic currency opened flat at 74.23 against the American currency but later slipped
Business
Srinagar: Jammu and Kashmir Bank’s official mobile banking application, Mpay would likely function normally within half an hour, officials said on Tuesday evening. An official in the J&K Bank told the news agency—Kashmir News Observer (KNO) that the work to restore the normal functioning of application
Business
PTI Mumbai: The rupee pared its initial gains to close down by 12 paise at 73.42 against the US currency on Tuesday amid concerns that rising COVID-19 cases and subsequent lockdowns in some states may hurt the economic recovery. Investors were also cautious ahead of the RBI policy statement
