China coal prices hit record high as floods add to supply woes
Reuters Data released on Wednesday also showed coal imports rose to their highest this year last month as users scrambled to overcome supply constraints.
India's IndiGo sees Tata as 'formidable competition' after Air India deal
Reuters IndiGo controls more than half of the Indian domestic market but its international operations are far smaller than Air India's
Reliance New Energy signs pact with Stiesdal
Special Correspondent The cooperation agreement is for technology development, and manufacturing of Stiesdal’s HydroGen Electrolyzers in India.
Will the new e-commerce rules really favour consumers?
Prashanth Perumal J. The intent of the rules is unclear and there are several consumer protection rules already in place
India’s equity market bubble may burst soon
Prasenjit Bose Indranil Chowdhury With all agencies downsizing growth projections, the equity market is vulnerable to a major correctionSensex rallies 453 points to new peak; Nifty claims 18,100 level
PTI M&M was the top gainer in the Sensex pack.Rupee recovers 15 paise to close at 75.37 against U.S. dollar
PTI The rupee on Wednesday rebounded by 15 paise to close at 75.37 (provisional) against the U.S. dollar following a rally in domestic equities and weak American currency in the overseas markets. In addition, lower crude prices also supported the rupee sentiment, forex deals said. At the interbank forex market, the rupee opened strong at 75.29 against the greenback. During the session, the domestic unit swung between 75.19 and 75.51. On Tuesday, the rupee had closed at 75.52 against the dollar.
India looks at close to double digit growth this year: Finance Minister Nirmala Sitharaman
PTI Finance Minister Nirmala Sitharaman also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5%, which will be sustained for the next decade
Retail inflation eases to 4.35% in September: government data
Special Correspondent The inflation in food basket eased to 0.68% in September 2021
Infosys Q2 profit up 11.9% to ₹5,421 crore, raises revenue forecast for FY22
PTI The Bengaluru-based company saw its revenues rising by 20.5% to ₹29,602 crore in the quarter under review (Q2FY22) from ₹ 24,570 crore in the year-ago period.
Sale of Air India to Tatas a ‘gift’, say unions
Special Correspondent It is a policy which goes against people's interest and is anti-national, says a joint platform of 10 Central trade unions.
Coal crisis | No shortage of anything; reports baseless: FM Nirmala Sitharaman
PTI “There are not going to be any deficiencies which may lead to any shortfall of supply. So that takes care of India’s power situation. We are now a power surplus country,” says Finance Minister Nirmala Sitharaman