BUSINESS
Inflation in Pakistan reaches all time high of 46%
Major increase is observed in the prices of food items - tomatoes (71.77 per cent), wheat flour (42.32 per cent), potatoes (11.47 per cent), bananas (11.07 per cent), tea Lipton (7.34 per cent), pulse mash (1.57 per cent), tea prepared (1.32 per cent) and gur (1.03 per cent), and non-food items like georgette (2.11 per cent), lawn (1.77 per cent) and long cloth (1.58 per cent), Samaa TV reported.
Waiting for India's policy to offer OneWeb's satellite broadband services in country: Sunil Bharti Mittal
He also said India has a big role to play as regards OneWeb as the user terminals will be made in the country. Mittal also said the group is setting up two ground stations in India - one in Mehsana in Gujarat and the other in Madurai in Tamil Nadu.
Uncertainty, volatility to dominate last week of financial year's trading
Markets gained on two of the five sessions and lost on three. BSESENSEX lost 462.80 points or 0.80 per cent to close at 57,527.10 points while NIFTY lost 155 points or 0.91 per cent to close at 16,945.05 points. The broader indices saw BSE100, BSE200 and BSE500 lose 0.97 per cent, 0.93 per cent and 0.99 per cent respectively.
Govt working towards taking number of airports beyond 200 in 4 yrs: Scindia
"This effort will give equal importance to large metro airports as well as remote airports providing last mile connectivity," he said, while flagging off the first IndiGo Airline Delhi-Dharamshala-Delhi flight. Speaking on the occasion, Information and Broadcasting Minister Anurag Thakur thanked the Civil Aviation Ministry for.
Murugappa's Tube Investments and Premji Invest to acquire Lotus Surgicals
According to Tube Investments, Lotus Surgicals with a turnover of Rs 116 crore is into manufacturing and supply of surgical sutures and other medical devices. Tube Investments and Premji Invest will acquire Lotus Surgicals from India Medical Consumables Holdings Ltd, a Samara Capital entity, in an all cash deal.
FM reviews PSBs' performance amid banking crisis in US, Europe
The Finance Minister underlined that PSBs "must look at business models closely to identify stress points, including concentration risks and adverse exposures". Sitharaman also exhorted PSBs to use "this opportunity" to frame detailed crisis management and communication strategies.
Torrent Investments unlikely to participate in 2nd auction for Reliance Capital
This is likely to hurt the process to maximise returns from the sale because only the Hinduja Group may be left in the fray. Earlier, while opposing the extension of the auction, in a letter to RBI Deputy Governor M. Rajeshwar Rao, Torrent Investments had sought directions to Nageswara Rao Y, administrator of Reliance Capital.
Sri Lanka settles India's credit line from very 1st IMF tranche
State Minister for Finance Ranjith Siyambalapitiya told media that $120 million was used to settle the loan taken from India. "Over the recent past India gave credit lines to import much-needed essentials, including medicine and fuel, and we were to settle part of it on Thursday which we did it on that day itself," the State Minister said.
Srikanth Venkatachari new CFO of Reliance Industries, Alok Agarwal appointed advisor to Mukesh Ambani
He will take charge of the new responsibility from June 1. This information was given by the company in a stock exchange filing on Friday. The decision was taken by RIL's board of directors in a meeting held on Friday. Venkatachari, who is currently the Joint CFO of the company since 2011, will succeed Alok Agarwal.
Delhi HC issues summons to Ashneer Grover in BharatPe co-founder's case of unpaid shares
Representing Shashvat Nakrani, senior advocate Neeraj Kishan Kaul contended that in case filed by co-founder Bhavik Koladiya on the same lines, the court has issued summons and has asked Grover to not create any third-party rights in respect of the shares in BharatPe.
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