Economy

Mumbai: Five current and former officials of Add-Shop E-Retail Limited (ASERL) and White Organic Agro Limited (WOAL) on Thursday settled a case with the Securities and Exchange Board of India (SEBI) regarding alleged violations of regulatory norms. They collectively paid Rs 95.55 lakh as a settlement amount. ASERL is engaged in the manufacturing, marketing, and

New Delhi: The Securities and Exchange Board of India (SEBI) on Thursday warned the public against buying or dealing with any properties belonging to Sunshine Global Agro and its directors. The market regulator issued this cautionary notice after discovering that some individuals or entities were illegally purchasing, encroaching, or trespassing on the company’s properties. In

Mumbai:  FMCG major Britannia Industries announced on Thursday that its Executive Director and Chief Executive Officer (CEO) Rajneet Singh Kohli has resigned from his position with effect from March 14, 2025. Kohli said he was resigning from Britannia in pursuit of an opportunity outside of the company. Britannia Industries shares fell by 0.58 per cent

Mumbai/New Delhi:  Concerned over its sales slowing down, Reliance Retail Ventures Ltd (RRVL) is reportedly slashing jobs – along with other cost-cutting measures – before making its stock market debut. The expansion of Reliance Retail in the past has apparently led to its valuation cut to $50 billion, half the amount at which it raised

Mumbai: The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and public sector banks, as well as Non-Banking Financial Companies (NBFCs) on Thursday. The Nifty PSU Bank index rose 1.46 per cent, or 86.3

Washington: The White House has said that US President Donald Trump has been “very tough” on China when it came towards the imposition of tariffs on the country. The remarks by the White House Press Secretary Karoline Leavitt on Wednesday came after Trump doubled the tariff on all Chinese imports to 20 per cent from

New Delhi: India’s GDP growth is expected to accelerate in the Q4 (January-March) quarter of the current financial year based on the high-frequency indicators of the economy, according to a Bank of Baroda report released on Wednesday. The positive indicators which are showing an improvement in Q4 include the increase in GST collections which average

Mumbai: Tata Electronics on Wednesday announced a collaboration with Taiwan-based fabless display company Himax Technologies and Powerchip Semiconductor Manufacturing Corporation (PSMC) to transform India’s display and ultralow power AI sensing product and technology ecosystem. Tata Electronics, Himax, and PSMC aim to leverage their respective strengths to deliver comprehensive, end-to-end display semiconductor solutions for their mutual

New Delhi:  The recent fall in the Indian stock market is not due to the Long-Term Capital Gains (LTCG) tax but because of global instability, economist and BJP national spokesperson Sanju Verma said on Wednesday. In a conversation with IANS, Verma responded to remarks made by fund manager Samir Arora, who had suggested that the

Mumbai: The shares of steel companies in India on Wednesday saw a rise following China’s announcement that it would restructure its steel industry and reduce total steel output. This move is expected to decrease the dumping of cheap steel into the Indian market, providing a major boost to domestic steel companies. Shares of Steel Authority