Domestic infra major MEIL and BYD’s joint venture proposed to set up an electric vehicle (EV) manufacturing plant in Telangana with a joint investment outlay of $1 billion (around Rs 8,200 crore).
“Inverter ACs are a preferable choice over the non-inverter ACs due to their low operational costs, increased energy efficiency, noiseless operation and maximum usage security,” said Naohiko Hosokawa, Director & Business Unit Head- Living Environment Division, Mitsubishi Electric India.
The interest rates for the public provident fund scheme, senior citizen savings scheme and national savings scheme certificate, however, remained unchanged. The interest rate for the public provident scheme remained unchanged for the 13th consecutive quarter.
Shriram Finance Ltd, the flagship company of diversified conglomerate Shriram Group, on Thursday reported a 26.6 per cent jump in its consolidated net profits for the April-June 2023 quarter at Rs 1712.19 crore, the company said. The company registered a consolidated net profit at Rs 1,351.62 crore during the corresponding quarter of last year. For […]
Out of 16 debt categories, nine of them witnessed net outflows during the month under review, data with the Association of Mutual Funds in India (Amfi) showed.
The issue is entirely an offer for sale (OFS) aggregating up to 2.98 crore equity shares by the selling shareholders, according to the Draft Red Herring Prospectus (DRHP) filed with Sebi.
A $5 billion dollar-rupee swap conducted by the RBI last year, where it sold dollars and bought rupees, matured on October 23, leading to a reversal of the trade. The reserves data for the week reflects the impact of this maturity.
The regulator has approved the proposed deal, as per the release. Deals beyond a certain threshold require approval from the fair trade regulator, which keeps a tab on unfair business practices and promotes fair competition in the marketplace.
PwC was appointed as statutory auditor of PPSL for five years from FY2022 to FY2026.
The International Monetary Fund (IMF) expects the global growth to slow down to 2.9 per cent in 2024 (2023: 3 per cent), lower than the pre-pandemic average growth of 3.8 per cent (2000-19).