Reliance to invest Rs 75,000 crore in new energy business for the next 3 years

Reliance to invest Rs 75,000 crore in new energy business for the next 3 years

Diversified business compound Reliance Industries Ltd (RIL) on Thursday declared that the company would invest Rs 75,000 crore in new energy business across the next three years. Our overall initial investment from our own internal...

Adani's Australian arm strikes Coal at Carmichael project

Adani's Australian arm strikes Coal at Carmichael project

Adani's Australian mining division Bravus Mining & Resources has struck coal in the much controversial Carmichael project in Queensland. Bravus Mining and Resources CEO David Boshoff noted that it was an exciting day for the over 2,600...

Sun Pharmaceuticals inches up as the company settles a patent litigation

Sun Pharmaceuticals inches up as the company settles a patent litigation

Shares of Sun Pharmaceuticals were trading with mild gains after the company announced settlement of patent litigation for generic Revlimid in the United States. Sun Pharma has reached an agreement with Celgene Corporation (Celgene), a...

Shares of Hindustan Construction Company hit lower circuit after a flop show in Q4

Shares of Hindustan Construction Company hit lower circuit after a flop show in Q4

Shares of Hindustan Construction Company NSE -4.76 % (HCC) hit the lower circuit in the early trade on Thursday after poor performance in the March 2021 quarter. The construction firm reported 49.48 per cent decline in net profit at...

Significance of 5G network in a Business

Significance of 5G network in a Business

The implementation of 5G network already is happening across the globe in several sectors but India is yet to witness the 5G network technology. Major network providers gear up to deploy their 5G offerings. Organizations looking to build...

India's FDI inflows up 6.24 percent in April 2021, states Government

India's FDI inflows up 6.24 percent in April 2021, states Government

The government on Wednesday has said that total foreign direct investment (FDI) inflows into India in April rose 38% year-on-year at $6.24 billion while equity inflows from overseas at $4.44 billion were up 60%. Mauritius was the top investing...

DHFL creditors reject the proposal to increase recoveries for FD holders

DHFL creditors reject the proposal to increase recoveries for FD holders

The committee of creditors (CoC) to Dewan Housing Finance Corp. Ltd (DHFL) has strongly rejected a scheme to increase recoveries for smaller investors, including fixed deposit and debenture holders. At Tuesday's vote lenders...

Reporting norms relaxed and no more distinction of BPOs

Reporting norms relaxed and no more distinction of BPOs

The Department of Telecommunications (DoT) on Wednesday further eased norms for other service providers (OSP), that includes voice-based business process outsourcing (BPOs) units, by removing the distinction between domestic and international...

Fintech, ITITeS firms with three-way contracts under GST scanner

Fintech, ITITeS firms with three-way contracts under GST scanner

The tax department has held back the export benefits of several firms or companies that have three-way contracts, or tripartite agreements, with multinationals, as per the source dealing with such cases. The indirect-tax department is aware...

IIFCL Seeks RBI Approval to invest Rs 4,000 crore in InvITS

IIFCL Seeks RBI Approval to invest Rs 4,000 crore in InvITS

India Infrastructure Finance Company Ltd (IIFCL) has sought clearance from the banking sector regulator to invest in infrastructure investment trusts, or InvITs, as they are accomplishing well. IIFCL managing director PR Jaishankar said...

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