Airtel accepts 4-year moratorium on spectrum, AGR payments – Times of India

NEW DELHI: Bharti Airtel has informed the government that it will opt for the four-year moratorium on payment of AGR and spectrum dues, a source said. The option of dues moratorium was offered by the government to telcos as part of a recently-announced relief package for telecom sector. Airtel communicated its decision to the telecom …

icici bank: ICICI Bank shares zoom over 11% after record high quarterly profit; m-cap jumps Rs 56,959 crore – Times of India

NEW DELHI: Shares of ICICI Bank on Monday jumped over 11 per cent after the company reported its highest ever quarterly profit on standalone basis at Rs 5,511 crore in the September quarter. The stock jumped 10.80 per cent to close at Rs 841.05 on BSE. During the day, it zoomed 13.25 per cent to …

Explained in 8 charts: India’s record IPO boom in 2021 – Times of India

NEW DELHI: It’s IPOs ahoy for domestic stock markets as India is poised to emerge as one of the top initial public offer (IPO) destinations in terms of proceeds, a report by consultancy firm Ernst & Young (EY) showed. With investors largely displaying a bullish sentiment, companies mopped up a whopping $9.7 billion through initial …

Govt signs share purchase agreement with Tata Sons for Rs 18,000 crore Air India sale – Times of India

NEW DELHI: The government on Monday signed the share purchase agreement with Tata Sons for the sale of national carrier Air India for Rs 18,000 crore. Earlier this month, the government had accepted an offer by Talace Pvt Ltd, a unit of the holding company of the salt-to-software conglomerate, to pay Rs 2,700 crore cash …

Impartial audit essential for resilient economy: Shaktikanta Das – Times of India

NEW DELHI: Reserve Bank of India (RBI) governor Shaktikanta Das said on Monday that fair and impartial auditing is essential for a resilient economy as it instils confidence among citizens. Addressing officers at the National Academy of Audit and Accounts, Das said that audit is important for the country as public expenditure decisions are based …

Covid has not changed the fundamentals of investment: MD, Picus Capital – Times of India

Picus Capital, a privately financed venture capital company headquartered in Munich with offices in New York, Berlin, London and Beijing, has been a prolific investor in Indian startups. Picus predominantly invests in pre-seed, seed and Series A rounds and focuses on technology companies in the real estate, finance and insurance, HR, renewable energy, mobility, e-commerce …

Sensex drops over 100 points in early trade; Nifty slips below 18,100 – Times of India

MUMBAI: Equity benchmark Sensex opened on a choppy note on Monday and dropped over 100 points tracking losses in index majors Infosys, HDFC Bank and Kotak Bank, despite a largely positive trend in global markets. The 30-share index opened on a positive note but soon pared the gains and was trading 114.93 points or 0.19 …

Stock market live updates: Sensex rises 68.95 pts to 60,890.57 in opening session; Nifty advances 8.55 pts to 18,123.45 – The Times of India

Stock market live updates: Sensex rises 68.95 pts to 60,890.57 in opening session; Nifty advances 8.55 pts to 18,123.45 All eyes will be on how market reacts to quarterly results of Reliance Industries. Stay with us for live updates THE TIMES OF INDIA | Oct 25, 2021, 09:29:31 IST FacebookTwitterLinkedinEMail Source link

State non-life companies face uncertainty – Times of India

MUMBAI: The three state-owned non-life insurers — National Insurance, Oriental Insurance and United India — are dealing with uncertainty on multiple fronts. The Delhi high court order setting aside directors’ appointments by the Banks Board Bureau (BBB) on the grounds of jurisdiction has thrown into question the appointment of the chief executives too. The erosion …

September records registration of nearly 17,000 companies – Times of India

NEW DELHI: As many as 16,570 new companies were registered in the country in September, taking the total number of active companies to over 14.1 lakh, according to official data. Data from the corporate affairs ministry showed that a total of 22.3 lakh companies were registered in the country as on September 30. About 7,7 …

bharat bond: Bharat Bond: Government eyes over Rs 10,000 crore by December – Times of India

NEW DELHI: The government is likely to launch the next tranche of the Bharat Bond ETF by December and expects to raise over Rs 10,000 crore to fund growth plans of central public sector enterprises (CPSEs), according to a senior finance ministry official. The fund requirements of CPSEs are being worked out and the third …

State non-life insurance companies face uncertainty – Times of India

MUMBAI: The three state-owned non-life insurers — National Insurance, Oriental Insurance and United India — are dealing with uncertainty on multiple fronts. The Delhi high court order setting aside directors’ appointments by the Banks Board Bureau (BBB) on the grounds of jurisdiction has thrown into question the appointment of the chief executives too. The erosion …

tata motors: Tatas Motors to invest Rs 15,000 crore in electric vehicles – Times of India

MUMBAI: Tata Motors will invest as much as $2 billion (Rs 15,000 crore) over the next four years to launch 10 new electric vehicles just as its broader passenger vehicles division — which was in losses till a few years ago — hopes to turn around and generate free cash flow by 2022-23, a top …

covid: Health insurers see huge surge in non-Covid claims – Times of India

MUMBAI: Even as Covid hospitalisations have dropped from peak levels, insurance companies are witnessing a massive surge in non-Covid claims. While there is a lag in capturing trends, insurers say that there has been a significant jump from September in non-Covid hospitalisations. “We are seeing an increase in hospitalisations due to dengue, respiratory diseases and …

Executive hirings up 30% over pre-Covid levels – Times of India

MUMBAI: Executive hiring is back with a bang. And this is coming not only on the back of pent-up demand but also new opportunities opening up across sectors like green & renewable energy, electric vehicles, education, foodtech, aerospace, defence, consumer space and startups. Executive search firms said C-suite hiring mandates have gone up by around …

‘India-Pak match saw demand for lot of charters, unlike IPL’ – Times of India

The India-Pakistan T20 WC match saw several bookings of chartered flights (AFP) NEW DELHI: The India-Pakistan T20 Super Sunday has made the lacklustre response to the recently concluded IPL 2021 in Dubai a distant memory. While IPL did not set cash registers ringing for charter operators here, they saw good demand for Sunday’s match with …

Corporate earnings major factor to watch out for; markets may face volatility this week: Analysts – Times of India

NEW DELHI: The ongoing quarterly earnings will be the major factor driving market trends going ahead and benchmark indices may face volatility this week amid derivatives expiry, analysts said. Markets will also track global equities for further direction, they added. Santosh Meena, head (research) at Swastika Investmart, said, “If we talk about the cues for …

reliance: Reliance’s green energy business taking shape, may contribute 10% of EBITDA in 5 yrs – Times of India

NEW DELHI: Billionaire Mukesh Ambani‘s Reliance Industries Ltd has made a wave of partnerships to give shape to its green energy business that spans solar, battery and hydrogen investments and could contribute almost 10 per cent of the company’s pre-tax profits in five years, a report said. The oil-to-retail conglomerate announced a wave of partnerships …

Mcap of five of top-10 most valued firms down by over Rs 1.42 lakh cr; HUL, RIL most hit – Times of India

NEW DELHI: The combined market valuation of five of the top-10 most valued companies eroded by Rs 1,42,880.11 crore last week, with Hindustan Unilever, Reliance Industries and Tata Consultancy Services emerging as major laggards. Last week, the 30-share BSE benchmark Sensex declined by 484.33 points or 0.79 per cent. Market benchmarks — Sensex and Nifty …