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The Free Press Journal Business News

  • Business

    Bharti Airtel arm picks up 4.9% stake more in Bharti Infratel

    Bharti Airtel has announced that its wholly-owned subsidiary Nettle Infrastructure Investments Ltd has bought additional stake of 4.94 per cent in Bharti Infratel for Rs 2,882.32 crore through block deals.Post the transaction, Nettle's stake in Bharti Infratel has increased to 18.62 per cent."With this acquisition by Nettle, the aggregate shareholding of the company (Bharti...

    • 11 hrs ago
  • Business

    India Inc on gradual recovery path, most sectors intend to ramp up hiring: Report

    Easing of lockdown restrictions and the resultant opening up of economy is having a positive impact on employment as the overall 'Intent to Hire' metric of companies is set to witness a noticeable 3 per cent increase in the current quarter, says a report.According to the TeamLease Employment Outlook Report for Q3, while large and medium-size businesses...

    • 11 hrs ago
  • Business

    3 bids for BPCL, says Oil Minister Dharmendra Pradhan

    The government has received three preliminary bids for buying of controlling stake in India's second-largest fuel retailer Bharat Petroleum Corporation Ltd (BPCL), Oil Minister Dharmendra Pradhan said on Wednesday.Mining-to-oil conglomerate Vedanta had on November 18 confirmed putting in an expression of interest (EoI) for buying the government's 52.98 per cent stake in BPCL. The...

    • 11 hrs ago
  • Business

    Multiple steps taken to fast-track highway projects; target to build roads worth Rs 25 lakh crore: Nitin Gadkari

    The government has taken multiple steps to attract investments in the infrastructure sector, including revising asset monetisation models and setting up special purpose vehicles for the Rs 1 lakh crore Delhi-Mumbai corridor project, Union Minister Nitin Gadkari said on Wednesday.The road transport, highways and MSME minister also said...

    • 11 hrs ago
  • Business

    Market cap-to-GDP ratio currently highest since FY10: Report

    The market cap-to-GDP ratio of India is currently highest since FY 2009-10, said a report by Motilal Oswal Institutional Equities.In its 'India Strategy' report, Motilal Oswal noted that the market cap-to-GDP ratio has been volatile.From 79 per cent in FY19, it came to 56 per cent in FY20, it said, adding that it is likely to reach 91 per cent in the current financial year.

    • 11 hrs ago
  • Business

    Dell most trusted brand for 2nd consecutive year, iPhone at 4th slot: Report

    A consumer poll has ranked American computer brand Dell as the most trusted brand in the country for the second year in a row, with Mi Mobiles occupying the second slot.Samsung Mobiles is at the third slot, while iPhone and LG Television occupy the fourth and fifth slot, respectively, as per the tenth edition of TRA Research's brand trust report.

    • 11 hrs ago
  • Business

    Tata Sons buys shares worth Rs 76 crore in Tata Chemicals

    Tata Sons Pvt Ltd, a promoter of Tata Chemicals, on Wednesday purchased more than 18 lakh scrips of the company worth over Rs 76 crore via open market transaction.According to the bulk deal data available on NSE, Tata Sons bought total 18,07,245 shares of the company at an average price of Rs 420.92. This took the total deal value to Rs 76.07 crore. As per Tata Chemicals'...

    • 11 hrs ago
  • Business

    Amway expects traditional herb nutrition category to clocks Rs 100-crore sales this year

    Direct selling firm Amway is expecting its traditional herb nutrition category to clock sales of Rs 100 crore this year as demand for such products is on rise amid consumers shifting towards healthier living post-pandemic.The rising inclination towards holistic nutrition and wellness solution has accelerated the consumption of ingredients such as tulsi,...

    • 11 hrs ago
  • Business

    RIL tops Fortune 500 list of Indian companies, followed by IOC, ONGC, SBI, BPCL among others

    Oil-to-telecom conglomerate Reliance Industries Ltd topped the Fortune 500 list of Indian companies, Fortune India announced on Wednesday.Indian Oil Corporation Ltd (IOC), the nation's biggest oil firm, bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third, it said.

    • 11 hrs ago
  • Business

    QIP mechanism: Sebi proposes discontinuing segregated offering of NCD, warrants

    Markets regulator Sebi on Wednesday proposed discontinuing segregated offering of non-convertible debentures (NCDs) and warrants to institutional investors under the QIP mechanism.Under the current framework, an investor can either subscribe to the combined offering of NCD instrument with warrants or to the individual securities (that is, either NCD or warrants).

    • 11 hrs ago

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