Author: Jack Smith

Tata Group-owned Air India has proposed to buy the entire share capital of low-cost airline AirAsia India, in which Tata holds a majority stake, with a view to merging it into a single airline, according to a filing with India’s Competition Commission. The car-to-steel conglomerate bought state-owned airline Air India in a $2.4 billion equity […]

PM Modi said the center cut excise taxes on gasoline and diesel in November to ease the price burden on people PM Modi said the center cut excise taxes on gasoline and diesel in November to ease the price burden on people Prime Minister Narendra Modi pointed to higher fuel prices in many opposition-ruled states […]

Benchmark stock indices Sensex and Nifty fell nearly 1% on Wednesday after gains were booked in financials and IT stocks following a recent rally. The 30-stock BSE Sensex fell 537.22 points, or 0.94%, to end at 56,819.39. On the day, it fell 772.57 points, or 1.34%, to 56,584.04. The NSE Nifty fell 162.40 points, or […]

Foreign institutional investors have withdrawn more than $17.5 billion from domestic equities and debt over the past four months. Foreign institutional investors have withdrawn more than $17.5 billion from domestic equities and debt over the past four months. The rupee recouped early losses to trade almost unchanged at 76.55 (prelim) against the US dollar on […]

The equity acquisition will allow Airtel to sharpen its Network as a Service (NaaS) offering for small and medium-sized businesses looking to accelerate their shift to cloud-based applications, it said in a statement The equity acquisition will allow Airtel to sharpen its Network as a Service (NaaS) offering for small and medium-sized businesses looking to […]

SEBI has revised the existing threshold limit for simplified documents from the current 2 lakh to ₹5,000 for physically held securities per listed issuer SEBI has revised the existing threshold limit for simplified documents from the current 2 lakh to ₹5,000 for physically held securities per listed issuer With the aim of simplifying the process […]

Life Insurance Corporation of India (LIC) on Wednesday set its price range at Rs 902-949 per share for its initial public offering (IPO) which is set to open on May 4. According to sources, there will be a Rs 60 rebate for LIC policyholders, while retail investors and eligible LIC employees will receive a Rs […]

The country’s economy is expected to grow 8.2 percent in 2022-23, down 0.8 percentage points The country’s economy is expected to grow 8.2 percent in 2022-23, down 0.8 percentage points Soaring oil prices due to the Ukraine war have pushed up inflation in India, which needs monetary tightening and measures to address structural weaknesses to […]

Speaking at a round table on Investing in India’s Digital Revolution in San Francisco, the Union Finance Minister encouraged ongoing dialogue with investors to understand and address their concerns Speaking at a round table on Investing in India’s Digital Revolution in San Francisco, the Union Finance Minister encouraged ongoing dialogue with investors to understand and […]

Benchmark indices rallied sharply on Tuesday after falling in the last two sessions, with the Sensex gaining nearly 777 points, helped by buying in index major Reliance Industries and the recovery in global markets. The 30-part BSE benchmark rose 776.72 points, or 1.37%, to end at 57,356.61. Over the day, it rose 862.35 points, or […]