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Large transactions included the acquisition of Jio Platforms by Facebooks subsidiary Jaadhu for $5.7 billion, the acquisition of Tower Infrastructure Trust by Brookfield and GIC Singapore for $3.7 billion and the sale of the electrical and automation division of L&T India for $2.1 billion. Representational image/DC

FDI inflow dips 26% in 2021: Unctad

The decline in FDI in 2021 was mainly because large mergers and acquisitions (M&A) deals recorded in 2020 were not...

21 Jan 2022 7:40 AM IST

As the Sensex and Nifty-50 traded at an all time high on Wednesday before some profit taking, further profit taking could continue on Friday and may well set a reversal after sharp gains in the first half of August. Representational Image. (Twitter)

FPI selloff erases new year gains of market

The Sensex has shed close to 2000 points from its January 17 peak of 61308.91

21 Jan 2022 7:38 AM IST

While a large number of death claims continued to be reported during the first two quarters of 2021-22, the potential claims from the current omicron third wave has shown reduced severity of the disease. By arrangement

Insurers tighten rules, raise rates

Data from the IRDA of India shows the death claims from both individual and group policies combined rose by 41 per cent...

21 Jan 2022 7:32 AM IST

Mukesh D Ambani, chairman of Reliance Industries Ltd. (PTI Photo)

RIL expands green investment scale

About Rs 5 lakh crore would be used over the next 15 years to build 100 gigawatts of renewable power projects and a...

14 Jan 2022 9:31 AM IST

Shares of HCL Infosystems on Tuesday surged 18 per cent after the company said it will distribute Apple products in Indian market.

Investors book Profit in IT stocks

Wipro declined 6% while Infosys (1.03 per cent) and TCS (1.05 per cent) gained over 1% each as the market had factored...

14 Jan 2022 9:29 AM IST

NCLAT has upheld the previous order of the Chandigarh bench of NCLT, which had imposed a cost of Rs 1 lakh on Liberty House citing casual approach.

NCLAT issues notices to CCI, Future Coupons on Amazon plea

The appellate tribunal admitted the petition filed by Amazon challenging the CCI order

14 Jan 2022 9:27 AM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

Gold may brave headwinds as a risk-hedge: WGC

Inflation will remain high, partly stemming from the unprecedented monetary and fiscal policies put in place to...

14 Jan 2022 9:24 AM IST

According to a source, the appointment of Challa Sreenivasulu Setty as managing director (MD) of SBI has been cleared by the BBB, headed by former Department of Personnel and Training secretary BP Sharma, while the name of Ashwin Bhatia, MD & CEO of SBI Mutual Fund, has been kept as a standby for the same position.

SBI raises $300 mn via Formosa bonds

The bond is benchmarked against the 5-year US treasury and priced at a spread of 100 basis points over the benchmark

14 Jan 2022 9:13 AM IST

A receptionist works at a Tesla showroom in Beijing, China. (Photo: AP)

Tesla working through 'challenges' with govt to launch products in...

Last year, Tesla had sought a reduction in import duties on electric vehicles (EVs) in India

13 Jan 2022 11:15 AM IST

The shake-up led to consolidation, with Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

Government to be largest shareholder in Vi

The company informed telecom department that it would opt for converting the interest on spectrum and AGR dues into...

12 Jan 2022 10:22 AM IST

Gold prices in the international market are 12 per cent lower than their record high levels of $2,072 per ounce. DC Image

Jim Rogers expects bear market by year-end

Rogers, co-founder of the Quantum Fund and Soros Fund Management, expects equity markets are going to see a correction

12 Jan 2022 10:20 AM IST

All types of retailers should be allowed home delivery. (AP Photo)

Retail starts feeling Omicron heat

Omicron started playing the spoilsport in the last week of December and dragged down much growth seen in the first 3...

12 Jan 2022 10:18 AM IST