MUMBAI: Backed by French luxury brand LVMH, global investment firm L Catterton on Thursday said that its Asia platform has formed a new India consumer-focused joint venture partnership with former Hindustan Unilever CEO Sanjiv Mehta to develop a new investment vehicle. Mehta will serve as its executive chairman of India, effective April 4, 2024. He…
Benchmark equity indices Sensex and Nifty ended the last day of trade of the 2023-24 fiscal on a bullish note on Thursday, driven by heavy buying in power, auto and banking stocks amid a positive trend in global markets. In the 2023-24 financial year, the BSE benchmark jumped 14,659.83 points or 24.85 per cent, and…
NEW DELHI: Mukesh Ambani‘s Reliance Industries has acquired a 26 per cent stake Gautam Adani’s power project in Madhya Pradesh. Reliance eyes to utilize 500 MW of electricity from the project for its captive use.The agreement involves Reliance purchasing 5 crore equity shares in Mahan Energen Ltd, a subsidiary of Adani Power Ltd. The deal,…
What is the T+0 settlement system? India’s stock market has introduced the T+0 settlement system from today, joining a select group of countries adopting a shorter trade settlement cycle. This is the world’s fastest stock settlement system. The implementation will begin with a ‘beta version’ to ensure a smooth transition before its full launch. We…
Stock market today: BSE Sensex and Nifty50, the Indian benchmark equity indices, opened in green on the last trading day of the fiscal year. Markets will be closed on account of Good Friday holiday on March 29. Source link
Good news for IT sector job seekers! Technology talent demand surged to a new high in February, sparking hopes of recovery in the IT services job market. In February, hiring mandates for IT professionals reached 124,000, a significant 50% increase from January and 33% higher than December, according to data from Xpheno, a staffing firm.However,…
Narayana Murthy’s big gift for grandson! Rohan Murty’s son Ekagrah, who is just four months old, has been given a gift worth crores by his grandfather. Billionaire NR Narayana Murthy has gifted his grandson 15 lakh Infosys shares valued at over Rs 240 crore.According to regulatory filings, 77-year-old Narayana Murthy has transferred 15 lakh shares,…
NEW DELHI: The Petrol and Diesel prices have been reduced by Rs 2 per litre across the country. The revised price will be applicable from 6 am on Friday, March 15, the oil ministry said. Petrol in the national capital will now cost Rs 94.72 a litre compared to Rs 96.72 per litre currently, and…
Income Tax notice coming your way? The income tax department is set to send notices to individuals who have not filed tax returns, despite having tax deducted at source on their incomes, according to Central Board of Direct Taxes (CBDT) chairman Nitin Gupta. In an interview with ET, Gupta stated that there are approximately 15…
Finance minister Nirmala Sitharaman has been leading the Modi government’s economic management in the second term. In a detailed interview after presenting her sixth straight budget, she spoke to TOI on a wide range of issues, and said that govt held its hand while presenting the vote on account as it did not want to…
