Shiprocket made stellar market debut, reached high of Rs 144 post listing Shares of e-commerce logistics platform Shiprocket made a strong debut on the stock exchanges on Wednesday, listing at a premium of around 35% over its issue price amid strong investor demand for the company’s initial public offering.On the NSE, Shiprocket shares opened at…
Brent futures have risen by around $10 a barrel over the past two weeks, moving above $91 a barrel on Tuesday. Indian refiners are getting crude at high premiums, a contrast to the situation a few weeks ago when global oil prices had dropped. In fact, the price that Indian refiners are paying for crude…
US and Canada were reached a deal after having last-minute talks (Canada PM Carney and US President Trump file pics) The United States and Canada reached a last-minute deal on Tuesday to delay President Donald Trump’s planned 50 per cent tariffs on $20 billion worth of Canadian imports, giving the two countries more time to…
Klaus Zellmer, the Chief Executive Officer (CEO) and Chairman of the Board of Directors of Škoda Auto. (Photo: Reuters) MUMBAI: Skoda Auto is gearing up to debut its electric vehicle (EV) in India in 2028, CEO Klaus Zellmer said in an interview here on Tuesday.The company is looking to step up growth in the market…
The Income Tax Department on Tuesday launched a nationwide verification exercise. (Photo: IANS) NEW DELHI: The income tax department on Tuesday said it conducted a nationwide field verification exercise, including in some border districts, against a group of entities and fictitious charitable trusts, alleged to have sent “large” amounts of funds outside the country over…
ITC Hotels is “evaluating multiple” offers from property owners in Dubai to manage luxury and premium hotels there as the region tries to make a comeback, amid US-Iran conflict. NEW DELHI: ITC Hotels is “evaluating multiple” offers from property owners in Dubai to manage luxury and premium hotels there as the region tries to make…
Prisma Global’s bond offering draws strong investor response, expanding India’s AI companies’ access to debt markets MUMBAI: A Rs 50-crore bond offering, at an interest rate of 10% for a two-year tenure, opened for subscription on Monday, and was fully subscribed within the first hour. By 3pm the issue was subscribed nearly eight times. There…
Government approves 31 more ECMS applications, attracting proposed additional investments of Rs 7,877 crore NEW DELHI: Govt has approved another 31 applications, involving proposed additional investments of Rs 7,877 crore under the Electronics Components Manufacturing Scheme, or ECMS. The projects will manufacture products, including printed circuit boards, camera modules, optical transceivers, electronic enclosures and materials…
Crude prices surge past $90 per barrel as ceasefire hopes dim Oil prices inched higher on Tuesday, with Brent crude surging past the $90-a-barrel mark as hopes of an early end to the Middle East war remained uncertain. Iran signalled a shift towards a more offensive military approach, while US ruled out extending the ceasefire,…
Colgate-Palmolive India signals further pricing action to offset commodity inflation. Photo credit: ANI MUMBAI: Colgate-Palmolive India on Monday signalled that the company may take more price hikes in the coming quarters to protect margins as firms across sectors continue to tackle commodity inflation triggered by the West Asia war. Inflation will be an issue, the…