BUSINESS
Flooding pushes coal prices to record highs in China
Heavy rains have forced the closure of 60 coal mines in Shanxi province, China's largest coal mining hub, according to a statement released on Saturday by the provincial government's Emergency Management Bureau. The province is home to a quarter of the country's coal production.
Tata Motors Group's YoY Q2FY22 global wholesales up 24%
"Global wholesales of all Tata Motors' commercial vehicles and Tata Daewoo range in Q2FY22 were at 89,055, higher by 57 per cent over Q2FY21," Tata Motors said in a statement. "Global wholesales of all passenger vehicles in Q2FY22 were at 162,634 units, higher by 11 per cent as compared to Q2FY21," it added.
Hopes of healthy Q2 results lift equities; Nifty50 breaches 18K-mark
Globally, Asian stocks ended Monday's session on a mixed note. However, European stocks kicked off the week slightly lower, with nerves around inflation and the upcoming earnings season off-set surging commodity prices that supported oil and mining shares.
Mumbai: 2 prime flats owned by Harshad Mehta's crony up for auction
The auction shall be executed by the Custodian, appointed by the Special Court (Trial of Offence Relating to Transactions in Securities - TORTS), 1992, under the Ministry of Finance which had seized the properties after the stock market scam and related matters erupted in the early 1990s.
Rakesh Jhunjhunwala backed Akasa Air gets NOC, plans to offer flights from summer of 2022
According to Vinay Dube, CEO, Akasa Air: "We will continue to work with the regulatory authorities on all additional compliances required to successfully launch Akasa Air. At Akasa Air, we believe that having a robust air transportation system is critical for our nation's progress."
Over 62% of total income of seven national parties came from donations: ADR
As per the data shared by the SBI in response to ADR's RTI application, Electoral Bonds worth Rs 3429.5586 cr were redeemed by parties in the financial year 2019-20. Out of this, a total 87.29 per cent were received by four national parties -- Bharatiya Janata Party, Indian National Congress.
CBI raids Mumbai IT infra co for defrauding SBI of Rs 862 cr
The raids were targeted against Trimax IT Infrastructure & Services Ld (TIISL), its Managing Director Surya Prakash Madrecha, Director Chandra Prakash Madrecha, and other unknown officials and private persons. The action followed a complaint by the SBI against the accused of cheating he bank and its other consortium member-banks of the amount between 2009-2017.
Response Plus Holding, UAE's largest onsite medical services provider, to invest $10 mn in parent company of PharmEasy
The board of directors of Response Plus is known to have approved of the deal, said sources privy to the matter. Mumbai headquartered API Holdings Private Limited is one of India's leading emerging healthcare companies, distributing healthcare products to providers, retail outlets and end consumers.
India on path of swift recovery: FinMin report
The Monthly Economic Review for September 2021 released by the Department of Economic Affairs (DEA) on Monday said that sustained and robust growth in agriculture, sharp rebound in manufacturing and industry, resumption of services activity and buoyant revenues are suggesting that economy is progressing well.
Equity market trade in the green; Sensex up over 60k pts
Accordingly, the 30-scrip sensitive index traded at 60,123.47 points around 9.45 a.m., up 64.41 points or 0.11 per cent. The Sensex opened at 60,099.68 points from its previous close of 60,059.06 points. Besides, the NSE Nifty50 traded at 17,939.35 points, up by 44.15 points or 0.25 per cent.
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