Business

MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to about 5.3% of its equity base, from 6% planned earlier. The stocks will be offered in a price band of Rs 1,700 to Rs 1,785 per share, people in the know…

NEW DELHI: Skoda Auto and JSW Green Mobility have signed a non-binding agreement to explore a joint venture that could develop, manufacture and sell passenger vehicles in India and overseas, the companies announced on Wednesday. The proposed partnership will span internal combustion engine vehicles, electric vehicles, plug-in hybrids and hybrids, signalling that the discussions extend…

NEW DELHI: Trusted, timely and interoperable data is key to evidence-based policymaking and data-driven governance, principal secretary to PM Shaktikanta Das said Tuesday in a workshop organised by statistics ministry on strengthening the national data system . MoSPI secretary Saurabh Garg also underscored the need to move from siloed departmental data systems towards an integrated,…

“When you ride the bullet train from Vadodara, you will reach Mumbai in just an hour and a half,” the minister said. (Image for representative purpose only) India’s first indigenous bullet train is likely to start being tested by May or June next year, Railway Minister Ashwini Vaishnaw has said. He added that the testing…

Merchandise exports rose 17.04% to $173.78 billion during April-July, while imports climbed 19.27% to $292.38 billion. India’s merchandise exports have grown by more than 15 per cent in the first five months of the current fiscal despite a challenging global trade environment, Commerce and Industry Minister Piyush Goyal said on Wednesday.The union minister said the…

The father claimed that the youngest subjected him to repeated torture and humiliation. (Image for representative purpose only) A father bought land parcels in the youngest son’s name, but their relationship turned bitter and the senior citizen alleged that he had been humiliated and tortured. Orissa High Court’s judgment in the case holds significance.When an…

India’s ethanol production capacity has surpassed the requirements for blending, prompting the government to explore additional uses for the surplus. The government is looking to move beyond the 20 per cent ethanol-blending target as flex-fuel vehicles are expected to enter the market, advisor to the Prime Minister Tarun Kapoor said on Wednesday.Speaking at The India…

Higher crude prices could raise costs across fuel, transport and other energy-intensive sectors, adding to domestic inflation pressures. State-owned fuel retailers are losing around Rs 5 per litre on petrol and Rs 23 per litre on diesel as renewed tensions in West Asia pushed international crude oil prices above $100 a barrel, analysts said on…

The scheme provides a one-time opportunity to address specified foreign income and foreign asset reporting gaps. Foreign assets may possibly be overlooked years later—whether it is a bank account opened while studying abroad, stocks received by domestic employees under Company’s Employee Stock Option plans (ESOPs) or Restricted Stock Units (RSUs), savings accumulated during an international…

On MCX, Rs 1,49,825 is the key support and Rs 1,58,536 the immediate hurdle. Gold price prediction today: Gold prices will continue to be influenced by data this week, while silver prices are likely to be more volatile, says Vedika Narvekar, Research Analyst – Commodities & Currencies, Anand Rathi Shares and Stock Brokers.Gold had a…