Financial shares slump of PTC India after directors quit on corporate governance issues
PTC India Financial Services Ltd (PFS) (PTCN.NS) shares fell 18% on Thursday in their worst intraday trade since May 2015, a day after the non-banking financial company said three independent…
India’s Maharashtra state bats for Tesla over import tax on EVs
India’s western Maharashtra state on Wednesday urged the federal government to lower tax rates on imported cars in the budget on Feb. 1, following calls by electric carmakers like Tesla…
Reliance joins calls for India to tighten marketplace rules
Indian retailer Reliance has called for tighter regulation of marketplace e-commerce platforms to ensure such websites treat all sellers equally. While India’s biggest retailer, with more than 12,000 stores, expanded…
गाड़ी का इंश्योरेंस:5 से 10% तक महंगा हो सकता है
बीते 2 सालों से गाड़ी मोटर इंश्योरेंस प्रीमियम में कोई बढ़ोतरी नहीं हुई है लेकिन इस साल इसमें 5-10% तक बढ़ोतरी हो सकती है। इंडस्ट्री सूत्रों के मुताबिक, देश की…
‘A global effort needed’: What PM Modi said on cryptocurrencies at WEF summit
Indian Prime Minister Narendra Modi said on Monday that a collective global effort is needed to deal with the problems posed by cryptocurrenices. We have to have a similar mindset,”…
Rice traders of Indian stop new export deals as freight train shortage blocks shipments
Nearly a third of India’s rice exports for this month are stuck due to a shortage of freight trains and most traders have stopped signing February export contracts to avoid…
Under India’s battery scheme, Reliance, Ola Electric, Mahindra bid for incentives
India’s Reliance Industries (RELI.NS), Softbank Group-backed Ola Electric and automaker Mahindra & Mahindra (MAHM.NS) have submitted bids under the country’s $2.4 billion battery scheme, the government said on Saturday. Last…
As HCL losses offset auto gains Indian shares muted
Indian shares were largely unchanged on Monday as a 6% drop in IT firm HCL Technologies (HCLT.NS) after disappointing quarterly results offset gains in auto stocks. The NSE Nifty 50…
Adani eyes steel mill project in $5-bln pact with South Korea’s POSCO
Indian billionaire Adani infrastructure group and South Korean steel major POSCO aim to invest about $5 billion on projects that include setting up an integrated steel mill in the western…
Union Budget 2022: ACMA seeks lower GST on auto components
Union Budget 2022:Auto components industry body ACMA. On Tuesday said it has urged the government for a uniform GST rate of 18 % on all auto parts. To curb the…