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FE Bureau

Zomato’s FY20 losses widen, revenues see substantial growth

Zomato’s net losses increased by as much as 160.63% to Rs 2,451.17 crore in the year to March 31, 2020,…

By FE Bureau
January 5, 2021 03:30 IST
BSE, markets
Global cues help: Sensex closes above 48,000 mark for first time on vaccine hope

Rising for the ninth straight session, the Sensex closed above the 48,000-mark for the first time on Monday as the…

By FE Bureau
January 5, 2021 02:45 IST
CSB Bank’s gold loan portfolio grows 60% in Q3

The gold loan portfolio of CSB Bank increased by 60.36% year-on-year during the third quarter to touch Rs 5,633.75 crore,…

By FE Bureau
January 5, 2021 02:15 IST
Some amount of pent-up demand for raw materials from industry may also have contributed to the rise in imports in December.
Economic recovery nascent, gathering steam slowly

The Centre is apparently giving a leg-up to demand with its budget spending and by encouraging CPSEs to bolster capex.

By FE Bureau
January 4, 2021 07:01 IST
The Bengaluru-based company operates under three major business verticals — mining & construction, defence & aerospace and rail & metro, by providing total solutions.
BEML put on the block, Centre invites EoI from strategic investors for 26% stake

The buyer of 26% in BEML will have to make an open offer to buy another 26% in the company,…

By FE Bureau
January 4, 2021 02:15 IST
Exports in December dropped to $26.89 billion from $27.11 billion a year before.
Demand revival? Trade deficit touches 25-month peak in December

Imports rise 7.6%, exports contraction narrows to 0.8%

By FE Bureau
January 3, 2021 07:15 IST
Hero Cycles requests government support amid China import restrictions

Hero Cycles has demanded support from the government for boosting local component manufacturing amid import restrictions from China as a…

By FE Bureau
January 2, 2021 11:40 IST
Mahindra and Mahindra may soon finalise buyer for ailing SsangYong Motor Company

In December, the SsangYong Motor Company was unable to meet its obligations for debt payments and had to apply for…

By FE Bureau
Updated: January 2, 2021 11:38 IST
Mahindra and Ford Motor part ways as joint venture called off

Mahindra has confirmed that this decision will not have any impact on its product plan. The company management said it…

By FE Bureau
Updated: January 2, 2021 11:38 IST
Bajaj Auto becomes first two-wheeler maker to cross market cap of Rs 1 lakh crore

Bajaj Auto has announced investment of Rs 650 crore in a fourth plant to be built at Chakan in Pune…

By FE Bureau
Updated: January 2, 2021 11:39 IST
coronavirus treatment development in India
Gujarat institute making preventive medicine for Covid-19

Going by the current cost of Camostat Mesylate, it is around Rs 1 lakh per kg in India. If the…

By FE Bureau
January 2, 2021 09:27 IST
indian share market performance on new year
Robust start to New Year: Stocks kick off 2021 with record closing highs on Friday

Equity benchmarks grew for the ninth straight week, their longest weekly winning streak in a decade

By FE Bureau
January 2, 2021 09:11 IST
Additionally, more time was requested on behalf of Pfizer.
Covid-19: Vaccine distribution in India soon for emergency use

The application will now be forwarded to the drug regulator (DCGI) for final approval before the innoculations begin. The SEC…

By FE Bureau
January 2, 2021 06:46 IST
Ten farmer organisations from Karnataka, Kerala, Madhya Pradesh, Maharasthra, Odisha, Telangana, Tamil Nadu and Uttar Pradesh participated in discussions with committee members, it said.
Farmers toughen stance ahead of talks, ask govt to show a ‘positive attitude’

“It looks like the government is taking farmers’ protest lightly. The patience of farmers is waning,” said Yudvir Singh of…

By FE Bureau
January 2, 2021 05:30 IST
However, registration data is expected to show a double-digit rise, reflecting sales during the festive season.
December drive: Smart rise in auto wholesale volumes

“Our dealer checks indicate post a subdued festive period — October-November 2020 — for two-wheelers retails will likely decline y-o-y…

By FE Bureau
January 2, 2021 05:17 IST
GST in india
At Rs 1.15 lakh crore, GST mop-up hits record high in December 2020

The December revenue, which comes from transactions done in November, was also up 9.7%, month on month. “During the month…

By FE Bureau
January 2, 2021 05:01 IST
Indian oil sardine seemingly on revival path along Kerala coast: CMFRI

Scattered batches of immature sardines have been reported from the southern coast of the state because of a seemingly favourable…

By FE Bureau
January 2, 2021 03:30 IST
The Federation of Indian Mineral Industries (FIMI), in its letter to the PMO on December 31, said the ISA letter was “obfuscating the whole issue and justifying the unjustifiable increase in steel prices.”
Iron ore miners demand import duty withdrawal

Last week, steel industry’s representative body Indian Steel Association (ISA) urged the PMO to impose a temporary ban on exports…

By FE Bureau
January 2, 2021 01:30 IST
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According to Rathod, the two divisions together grew 78% year-on-year in FY26 and accounted for roughly 31% of the company's total revenue during the year.

Flair bags Rs 20 crore retail orders as Creative and Houseware businesses gain momentum

SBI, SBI IPO gains, NSE IPO, SBI Mutual Fund IPO, SBI stake in NSE

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Aurobindo said the transaction is expected to be immediately accretive to the group's earnings per share.

Aurobindo Pharma to close $250-million Lannett acquisition by June-end after FTC nod

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