Nachiket Kelkar

Sensex gains 521 points, GST meet spurs buying

Tata Trusts to spend ₹750 crore on social plans

Tata Trusts, which controls 66% of Tata Sons, the holding company of the group, will invest around ₹750 crore annually in social schemes.

Amway to invest ₹400 crore in India over 5 years

Amway, the largest player in India’s ₹7,500 crore direct-selling market, will invest ₹400 crore to strengthen its product portfolio and expand through “express” stores in the next five years, taking its total investment in India to over ₹1,000 crore.

Pension regulator bats for separate investment category for REITs

Surge in small stocks has analysts worried

Astech Lifesciences was among the biggest gainers on Friday rising more than 18% to hit a 52-week high of ₹486.70. Gujarat State Fertilisers also hit an annual high of ₹93.50, the stock was up 6% on Friday.

Sula grows as young India takes to wine

In 17 years, Sula Vineyards has a come a long way to becoming the largest winemaker in India with a market share of over 60% and a turnover of ₹400 crore.

Tepid response from spectrum auction upsets govt’s fiscal math

The tepid response to the government’s ambitious spectrum auction is likely to leave a big hole in the government’s fiscal balances. While excise tax collections have risen and recoveries from the income declaration scheme should also help, it will still be a tight rope walk to meet fiscal targets, say economists.

E-­tailers eye big appliances in war against offline retail

Market regulator may soon have a woman aboard

The Securities and Exchange Board of India (Sebi) has often pulled up companies for not having women board members.

Sebi asks Centre to appoint ‘at least one’ woman director on its board

Sebi has suggested the government to appoint at least one woman director on the regulator’s board, in line with its own directions for listed companies’ gender diversity on high-table under corporate governance norms.

Canada’s CPDQ, Edelweiss to invest Rs 5,000 cr in stressed assets

One of North America’s largest pension fund managers Caisse de depot et placement du Quebec (CDPQ) has partnered with Mumbai-based Edelweiss Group to invest Rs 5,000 crore over four years in stressed assets and private debt opportunities in India.

At ₹50,000, MRF now is India’s most expensive stock

Shares in India’s largest tyre maker MRF on Wednesday became the country’s most expensive in the last nine years, breaching the ₹50,000-per-share mark as tyre company stocks staged a broad rally on India’s stock exchanges.

Sebi in talks with stake holders on algo trading norms

The National Stock Exchange was last week ordered by Sebi to audit its high-speed algorithmic trading on suspicion that some brokers were getting unfair advantage

Firms eye 20% sales boost this festival season

A combination of factors including improved sentiment from the ongoing monsoon, stable economic growth and increased income among government employees stemming from the Seventh Pay Commission will boost demand, companies feel.

Ikea to source cotton products from India, including Welspun

ICICI Prudential’s ₹6,000-crore IPO opens today, investors bullish

Reliance Communications, Aircel to combine mobile business

Reliance Communications Ltd has agreed to combine its mobile phone services business with smaller rival Aircel to create the nation’s third-biggest cellular carrier by subscribers.

Ramdev’s business partner ahead of Ruia, Bajaj in rich list

Acharya Balakrishna the CEO of Baba Ramdev’s Patanjali Ayurved has entered the list of India’s rich, surpassing well known businessmen such as Ravi Ruia of Essar, Rahul Bajaj, chairman of Bajaj Auto, Harsh Mariwala, chairman of Marico and Ajay Piramal of Piramal Enterprises among others.

Baba Ramdev’s biz partner enters Hurun India rich list ahead of Ravi Ruia, Rahul Bajaj

Balakrishna’s meteoric rise comes on the back of a strong push by Patanjali Ayurved in India’s fast moving consumer goods space

Drug regulator cleaning up anti­bacterial soaps

Mahindra & Mahindra ties up with Ola in India

Mahindra and Ola will also explore other areas of joint collaboration to build the next generation of mobility solutions

We lack capability to provide RelJio interconnections, claim operators

Top telecom operators on Wednesday said they lack network capability and financial resources to provide interconnection to Reliance Jio (RelJio) subscribers. RIL chairman Mukesh Ambani had recently said that the Indian telecom sector had grouped up against his company.

We lack capability to provide RelJio interconnections, claim operators

Jio jitters in telcos market

‘Datagiri’: RIL’s Jio a game-changer, could fuel all-out price war

Reliance Industries launched its new 4G telecom network on Thursday, offering free voice calls and rock-bottom data prices in a potential game-changer that could fuel an all-out price war in a market of 950-odd million mobile subscribers in India.

In mega Jio launch, Ambani announces affordable 4G handsets, data plan

Reliance Industries chairman Mukesh Ambani formally launched RJio, a national digital empire stretching from phones and hardware to home entertainment and custom-made apps, at the company’s annual general meeting in Mumbai on Thursday.

RBL Bank lists at 22% premium over issue price of Rs 225

Shares of private sector lender RBL Bank listed at a 22% premium on Wednesday, marking a strong debut on the stock exchanges.

Now, Baba’s brand set to shake up pooja materials market

Baba brand set to shake up pooja materials market next

The ₹10,000-crore market for incense sticks and material for worship (pooja samagri) is set to get a branding shake-up soon. Baba Ramdev’s Patanjali Ayurved, after creating a flutter in the market for medicines and FMCG products, including biscuits and instant noodles, will now boost its Astha brand under the home worship category.

Welspun tasks EY to review supply chain, but future uncertain