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Auto wholesales slip 11% in August: semiconductor shortage
Chip shortage to have a bigger impact in Sept, say, analysts, forecast significant drop. Vehicle makers seem headed for a tight spot as the global semiconductor shortage continues to have an acute im…
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Strengthens the case for electric cars, but just about :Tata Tigor EV
Ex-showroom prices of the Tigor EV start at Rs 11.99 lakh, and when you compare it to even the top variant of the Tigor petrol (Rs 7.82 lakh), the difference is a substantial Rs 4.17 lakh. Prior to J…
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After raising funds via IPO, Eleven firms debuted at discount since January
Kerala-based Kalyan Jewellers topped the charts with its share price closing lower by 13.45% on the first day of the listing. Chemplast Sanmar was at the bottom pecking order with a 1.13% discount. O…
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Dry weather seen dragging down cotton, groundnut output: Kharif
However, it might not be as bad as in kharif 2018-19, when output of cotton and groundnut had declined 15% and 29%, respectively, on-year, analysts said. Of 102.1 lakh tonne of groundnut produced in …
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Oil marketing companies bar UP investors for new ethanol tender sv Sugar mills upset as
The DFPD has already approved additional ethanol capacity of around 8,207 KL in Uttar Pradesh, which will entail an investment of Rs 7,071 crore. UP is the largest ethanol manufacturer in the country…
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India’s index of industrial production grows 11.5% in July :IIP growth
However, consumer non-durables still trailed the pre-pandemic level by 8.3% despite the fact that it went up by 20.2% from a year before, aided by the base effect. Mining, manufacturing and electri…
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PSUs been allowed by Govt to disinvested to set off past losses
“Accordingly, loss incurred in any previous year prior to, and including, the previous year of strategic disinvestment shall be carried forward and set off by the erstwhile public sector company.” “I…
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1.19 crore ITR filed so far for AY 2021-22, Despite technical glitches in new income tax e-filing portal
“It is encouraging to note that over 94.88 lakh ITRs have also been e-verified, which is necessary for processing by the Centralized Processing Center. Of this, 7.07 lakh ITRs have been processed,” i…
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10 bankers hired by DIPAM to manage LIC IPO
Even though the actual size is not yet revealed, the IPO may be up to 5-10% of the equity of LIC, depending on the market appetite at the time of the offer. Other bankers to work as book running lead…
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Near $17 billion Byju’s valued: Raises $150 million; eyes $21 billion in valuation
The Bengaluru-based edtech firm that has raised a lot of capital from investors through 2020 and 2021 will use the bulk of the funding to finance its spate of acquisitions. The fundraise almost coinc…
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Rabi MSP reflect govt’s intent to reduce procurement burden
In the case of wheat, the key winter cereal, the new MSP will be Rs 2,015/quintal, up Rs 40 or just 2% over last year. This is a lower increase compared to several immediate past years. Of course, …
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