India is considering Canada as a potential crude oil supplier, High Commissioner Dinesh Patnaik said on Wednesday at the Global Energy Show in Calgary, Alberta, adding that the country’s newer…
Author: Admin
Zee Board of Directors approves capital raise worth ₹2,300 crore
Zee Entertainment Enterprises Ltd’s Board of Directors on Wednesday approved raising of capital worth ₹2,300 crore to fund strategic and business initiatives. The move is reminiscent of Zee’s last year…
Copper futures turn weak
Copper futures (₹1,315/kg) has been on a decline over the past week. While the broader uptrend remains valid, there are signs of a corrective decline at the current juncture. The…
Zepto’s marketplace pivot may hold key to profitability as it heads for IPO
As quick commerce company Zepto prepares for its proposed ₹8,010-crore initial public offering (IPO), one of the more significant disclosures in its updated draft red herring prospectus (UDRHP) is its…
Kinaxis eyes 60% y-o-y growth in 2026
Kinaxis, a provider of cloud-based software-as-a-service (SaaS) solutions for supply chain management is eyeing its India business to grow by 60 per cent year-over-year in CY2026. Speaking to businessline, Razat…
Urea import prices halve in latest tender, offering relief to subsidy bill
New Delhi: India’s fertilizer subsidy burden could ease after the government’s latest tender to import 1.7 million tonnes (mt) of urea drew sharply lower landed price bids, relieving pressure on…
Merger of REC with Power Finance Corporation gets Presidential approval
The President has approved the merger of REC Ltd with Power Finance Corporation, nearly seven years after PFC acquired the government’s majority stake in REC. In March 2019, state-owned PFC…
PhonePe, CRED may relaunch credit card rent payments: What are they and how they differ from wallet loading?
Fintech players PhonePe and CRED may soon bring back the option to pay rent using credit cards, according to a Moneycontrol report, citing sources. The companies are reportedly testing the…
Gold, silver rates today: Comex gold, silver trim losses after softer US inflation data; Middle East tensions cap gains
Gold and silver pared losses on Wednesday, 10 June, after the US May inflation report came in lower than expected, although gains remained capped amid escalating tensions in the Middle…
Banks can lend only to SEBI-registered and listed REITs, InvITs: RBI guidelines
Banks can lend to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs) only if they are registered with and regulated by SEBI and are listed, according to RBI’s…