Category: Business
Dependence Businesses hits 7-year high; what ought to financial specialists do?
NEW DELHI: Shares of Dependence IndustriesBSE 3.83 % (RIL), regularly called the dozing goliath, hit a seven-year high on the National Stock Trade on Monday at Rs 1,129. Specialists said the rally is not over yet. The stock hit an intraday high of Rs 1,129, a level last observed in May 2009, ETNow detailed. The…
Rupee gains 4 paise in early trade
MUMBAI: The rupee gained 4 paise to 66.67 against the dollar in early trade on Friday at the Forex market on increased selling of the US currency by exporters and banks amidst higher opening in the domestic equity market. Forex dealers said that besides selling of the American currency by exporters and banks, weakness of…
Amazon.in supports Make In India
To celebrate the Make In India week, Amazon.in has undertaken several initiatives on the India and US marketplaces, says a press release. Amazon.in has dedicated its gateway (main page) to the Make In India initiative today, the first day of the Make In India week. India’s largest online store has also launched a dedicated ‘Make…
RBL Bank launches ‘India Startup Club’
Private sector lender RBL Bank has announced the launch of ‘India Startup Club’ for providing end-to-end banking needs of the emerging entrepreneurial community. The India Startup Club (ISC) platform will enable startups run their business smoothly by offering services that are convenient and simple. Through the ISC program, entrepreneurs can avail of personalized banking services,…
Ratan Tata invests in baby care start-up
Continuing his investments in various start-ups globally, Tata Group patriarch Ratan Tata has invested in baby care e-commerce platform FirstCry. The chairman emeritus of Tata sons and senior advisor to IDG ventures India, has invested an undisclosed amount in his personal capacity into Brainbees Solutions, which owns the FirstCry.com brand, the company said in a…
5.8 per cent growth in number of newspapers and periodicals in India in 2014-15
There has been a 5.8 per cent growth in the number of newspapers and periodicals in India in 2014-15 compared to the previous year, the latest ‘Press In India’ as per the report released by the Registrar for newspapers in India. The report, released by Information and Broadcasting Minister Arun Jaitley today, said that the…
ED questions Shah Rukh Khan on sale of shares of Knight Riders
Bollywood star Shah Rukh Khan has been questioned by the Enforcement Directorate for alleged irregularities in the sale of shares of Knight Riders Sports Pvt Ltd (KRSPL) to a Mauritius-based company. “We have recorded Khan’s statement in connection with the violation of Foreign Exchange Management Act,” ED sources said. The case pertains to the share…
Agreement signed for development of Ranchi Ring Road
The Jharkhand government has signed an agreement with the subsidiary of IL&FS Transportation Networks for the development of six-lane Ranchi Ring Road at an estimated cost of Rs 587.60 crore. “The agreement for development of six-laning of Ranchi Ring Road, section VII from Kathitanr to Karma comprising 23.575 kms, has been signed by Jharkhand Infrastructure…
Tata Motors to supply 1,200 multi-axle trucks to Army
Tata Motors has bagged an order for supplying 1,200 multi-axle trucks the Indian Army. It is the single largest order awarded to an Indian company in land systems by the Indian army, Tata Motors said today in a statement. The high-mobility 6X6 multi-axle trucks will be used for loading-unloading and transportation of ammunition pallets, spares…