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ECONOMY
Nomura raises target price for RIL to Rs 2,020
Mumbai: Brokerage firm Nomura has increased the target price for Reliance Industries (RIL) to Rs 2,020 from Rs 1,785.
The increase in target price comes largely on the back of the assumption that the average revenue per user (ARPU) of…
RBI to introduce new prepaid payment instrument
Mumbai: The Reserve Bank of India (RBI) will introduce a new type of prepaid payment instrument (PPI) which could be used only for the purchase of goods and services up to a limit of Rs 10,000.
Accordingly, the loading of such PPI will…
Toyota India car sales dip 22% in November
Bengaluru: Japanese car maker's joint venture Toyota Kirloskar Motor (TKM) on Monday said it sold 8,312 units in November, registering a 22 percent annual decline from 10,721 units in the same month a year ago in the domestic market.…
Tax, policy rate cuts will spur recovery in 2020: Report
New Delhi: Lower lending rates following a series of policy rate cuts by the Reserve Bank of India and a sharp cut in the corporate tax rates will spur a recovery in India next year, a report said on Monday.
"The turnaround is likely to…
Maruti Suzuki achieves 20 mn cumulative sales mark in India
New Delhi: Automobile major Maruti Suzuki India has achieved the 20 million (2 crores) passenger vehicle cumulative sales mark in India, becoming the only company in the country to cross the landmark figures.
"The company accomplished…
Onion prices four times higher than last year
New Delhi: Onions have left customers teary-eyed as prices of the staple to continue to soar in the national capital.
The onion prices registered yet another hike on Friday. The prices of the staple were four times higher as compared to…
Deloitte appointed as advisor for BPCL privatisation
New Delhi: The Department of Investment and Public Asset Management (DIPAM) has appointed Deloitte Touche Tohmatsu Ltd as an advisor for the strategic sale of Bharat Petroleum Corporation Ltd (BPCL), which will see the government selling…
RIL hits Rs 10 lakh crore market cap
Mumbai: Oil-to-telecom major Reliance Industries (RIL) on Thursday surpassed Rs 10 lakh crore in market capitalization, becoming the first Indian company to do so.
RIL hit its 52-week high on the BSE at Rs 1,581.25 a share, rising 0.64…
‘Telcos revenue rising but accumulated debt eating into it’
New Delhi: Telecom companies' earnings are stabilizing but leverage will remain elevated as significant fees owed to the government will likely be debt-funded, Moody's said on Thursday.
Funding of Department of Telecommunications dues…
Sensex tops 41K mark for the first time
Mumbai: The benchmark Sensex on Tuesday surpassed the 41,000 marks during the early trade and touched a lifetime high of 41,120.28.
At 10.18 a.m., the Sensex was up 67.87 points at 40,957.10 while the Nifty traded 21.65 higher at…