Power consumption grows 2.6% in January
India’s power consumption grew marginally at 2.6 per cent year-on-year in January to 112.67 billion units (BU), showing the impact of local restrictions imposed by states amid the third wave of COVID-1 Power consumption in the entire January last year was 109.76 BU, which was 4.4 per cent higher than 105.15 BU in January 2020, […]
Reliance Retail picks 25.8% stake in Dunzo for $200 million
Reliance Industries Ltd’s retail arm has invested $200 million (around ₹1,488 crore) in Bengaluru-headquartered Dunzo as it looks to get a foothold in the country’s rapidly growing market of quick delivery With the investment of $200 million, Reliance Retail will own 25.8% stake in the online delivery platform on a fully diluted basis Existing investors Lightbox, […]
State Bank of India invests $20 million in Pine Labs
Bengaluru India’s largest lender, the State Bank of India NSE 0.90 %, has invested $20 million in Pine Labs, the fintech startup said Tuesday without sharing any further details of the deal The IPO-bound online payments and merchant solutions platform raised around $700 million in multiple tranches last year and was last valued at $3.5 billion. ET reported […]
Alka Mittal Becomes First Woman To Head ONGC As CMD
Alka Mittal, director of human resources at energy major Oil and Natural Gas Company (ONGC), has been given the additional charge of chairman and managing director, the company announced on January With this appointment, Mittal has become the first woman ever to head ONGC as its CMD. She will hold the post for six months or until a […]
West Bengal Announces Fresh Curbs, Eestricts Flights From Mumbai, Delhi
The West Bengal government on Sunday said flights from Mumbai and Delhi were being restricted to twice a week from January 5 as new Covid cases in the state mounted to 6,153 from 1,089 on December 29 In a letter to the civil aviation ministry, the state government said that in view of the rising Covid cases […]
Economists Feel An Uptick In Investment And Demand In FY23 Will Broad-Base Growth
The economic recovery is likely to be broad-based and more durable in the next financial year as Covid-battered micro, small and medium enterprises (MSMEs), informal industries and contact-intensive services see a pick-up in capital investments and healthier balance sheets due to revival in demand, say economists. The resurgent Omicron variant, persisting shortages and bottlenecks, and […]
Here’s Where Stock Investors Should Consider Putting Their Money In 2022 Here’s Where Stock Investors Should Consider Putting Their Money In 2022
Coming off several years of outsized gains in the stock market, investors may be hoping 2022 is like deja vu agai Don’t count on it. While future performance is impossible to predict with certainty, many financial advisors expect returns will come back down to Earth We have been telling clients to expect a lackluster year […]
NPS to Allow 4 Changes Per Fiscal In Investment Pattern
Pension fund regulator PFRDA will soon allow subscribers of the National Pension System (NPS) scheme to change investment pattern as many as four times during a financial year as there has been a demand to increase the limit, its chairman Supratim Bandyopadhyay said Tuesday Currently, NPS subscribers are allowed to change the investment pattern twice […]
NPS to allow 4 changes per fiscal in investment pattern
Pension fund regulator PFRDA will soon allow subscribers of the National Pension System (NPS) scheme to change investment pattern as many as four times during a financial year as there has been a demand to increase the limit, its chairman Supratim Bandyopadhyay said Tuesday. Currently, NPS subscribers are allowed to change the investment pattern twice […]
Investment Via P-Notes Drop To Rs 94,826 Crore In November
Investments in Indian capital market through participatory notes (P-notes) dropped to Rs 94,826 crore till November-end after hitting 43-month high in the preceding month P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors who wish to be a part of the Indian stock market without registering themselves directly. They, however, need to […]
