The Sensex reclaimed the 29,000—mark in mid—session trade today on sustained buying by domestic institutions amid robust foreign fund inflows and expiry of derivative contracts.
Tata Group hospitality arm Indian Hotels Company Ltd today said N Chandrasekaran has been elected as the Chairman of its board of directors.
All three power units of the 750 MW Budge Budge power station of CESC here tripped at 9.53 AM this morning following a network disturbance, leading to disruption in metro services.
Shares of Bharti Airtel today rose 11 per cent to a one—year high after the telecom operator said it will acquire the business of Telenor India for an undisclosed sum in all seven circles where it holds spectrum.
Volkswagen AG is in advanced talks to team up with Tata Motors Ltd. as the German automaker takes another stab at India’s fast-growing demand for cars, according to people familiar with the matter.
The Indian economy is growing strongly and remains a bright spot in the global landscape despite temporary setback due to demonetisation, a senior IMF official has said. In its annual country report on India, the International Monetary Fund (IMF) yesterday said growth is expected at 6.6 percent in this fiscal year and at 7.2 percent in the following year.
With the mega-merger between Idea Cellular and Vodafone gaining ground, there is news that both the companies look to sell 15-20 percent of the merged entity to financial investors, as reported by CNBC-TV18.
India is working on a plan for making domestic manufacturing of solar power generation equipment competitive vis-à-vis other countries such as China.
The Reserve Bank and Sebi are looking into the breach of investment limit by FPIs in HDFC Bank stock and will come out with steps to prevent such violation in the future.
The Finance Ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling investment and growth.