Business
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HDFC announces merger with HDFC Bank, shares surge
New Delhi: Housing loan major Housing Development Finance Corporation (HDFC) on Monday said its Board has approved merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank. Upon the…
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SEBI extends timeline for ‘Pooling of Accounts’ to July 1
Mumbai: Markets regulator SEBI heeded to the MF industry’s request and extended the timeline for ‘Pooling of Accounts’ to July 1, 2022, said Association of Mutual Funds in India (AMFI) on Saturday.…
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Tesla delivers over 3 lakh vehicles despite ‘exceptionally difficult quarter’
San Francisco: Electric vehicle company Tesla delivered 310,048 vehicles in the first quarter of 2022, despite what CEO Elon Musk says was an “exceptionally difficult quarter”, citing global supply chain issues and…
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Assam’s Numaligarh Refinery inks with EIL for expanding research
Guwahati: The state-owned Numaligarh Refinery Limited (NRL) in Assam on Saturday signed a Memorandum of Understanding (MoU) with Engineers India Limited (EIL) for increasing research activities, NRL officials said. NRL sources said…
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SRF more than doubles investors money in FY22, shares up 132%
New Delhi: Those who invested in specialty chemical maker SRF’s shares bagged robust returns in the past 12 months. Founded in 1970, the Gurugram-headquartered company is a multi-business chemicals conglomerate engaged in…
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Indian startup Pixxel launches ‘Shakuntala’ satellite with Musk’s SpaceX
New Delhi: Spacetech startup Pixxel has successfully launched its first fully-fledged commercial satellite called ‘Shakuntala’ with Elon Musk-run SpaceX’s Falcon-9 rocket. Being Pixxel’s first fully-fledged satellite, ‘Shakuntala’ hosts one of the highest…
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Jet fuel prices hiked, air fares to rise
New Delhi: High crude oil prices led India’s OMCs to hike aviation turbine fuel (ATF) price on Friday. Accordingly, in the national capital, the price of jet fuel was raised to Rs…
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March GST collection at record high of over Rs 1.42 lakh crore
New Delhi: India’s GST collection touched a record high in March 2022 at Rs 1,42,095 crore, official data showed on Friday. The previous record high stood at Rs 1,40,986 crore collected in…
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Hero Motocorp shares slump sharply, IT raids likely weighed
New Delhi: Shares of two-wheeler maker Hero Motocorp declined sharply on Friday after Income Tax department detected some irregularities post a raid on the company. The shares fell over 6 percent to…
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BSE M-cap rises Rs 3.81 lakh cr on first session of FY23
New Delhi: Total market capitalisation of stocks listed on the Bombay Stock Exchange (BSE) rose by 3.81 lakh crore on Friday – the first day of the fiscal year FY23, data showed.…
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Tesla driver accidentally lands on top of ambulance in US
San Francisco: A Tesla Model 3 driver reportedly hit the accelerator and landed on top of a Falck ambulance in San Diego in the US, which led to injury of three people,…
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Indices extend gains for 3rd straight session, Sensex up 740 pts
New Delhi: India’s key equity indices — Sensex and Nifty — extended their gains for the third consecutive session. Global equity markets too rose positively to Russia’s assurance to scale down its…
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Hyundai, Saudi Aramco to jointly develop eco-friendly vehicle engine
Seoul: Hyundai Motor Group said on Wednesday it will collaborate with Saudi Aramco and a Saudi Arabian university to jointly develop an environment-friendly fuel and engine for vehicles. Hyundai, Aramco, and King…
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Top 10 billionaires: For first time, both Ambani, Adani enter the list
New Delhi: For the first time, two Indians, India’s richest person and Chairman of Reliance Industries Limited (RIL) Mukesh Ambani, and the founder-cum-chairman of Adani Group, Gautam Adani entered the list of…
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Hero MotoCorp to raise prices from April 5
New Delhi: Two-wheeler major Hero MotoCorp on Tuesday announced ot will make an upward revision in the ex-showroom prices of its motorcycles and scooters, with effect from April 5. According to the…
