MUMBAI: Three companies from India’s two largest conglomerates are looking to raise funds amid their growth plans. Adani Energy Solutions (earlier known as Adani Transmission) plans to sell shares worth Rs 12,500 crore to institutional investors, while the board of sister company Adani Enterprises will meet on Tuesday to consider raising fresh capital.Tata Steel, part…
MUMBAI: Silver has outperformed gold in domestic and international markets by a margin of around 10 percentage points over a year. However, returns from silver in the domestic market are lagging the international ones even as the rupee has weakened, while returns on gold are nearly identical in domestic and international markets.Silver prices rose nearly…
Domestic airfares in India have witnessed a significant surge of up to 40 per cent on key routes over the past six quarters, driven by higher passenger traffic and capacity constraints. Despite this increase, experts maintain that ticket prices in the country remain among the lowest globally.India’s civil aviation market is one of the fastest…
Mark Mobius, Chairman, Mobius Emerging Opportunities Fund believes that Indian markets will deliver 14-15% returns over the longer term. Mobius, a renowned investor, shared his insights on the potential returns from the Indian stock market over the next three to five years in an interview with ET Now.When asked about his expectations, Mobius stated, “Over…
Relief from hoax international calls: The Department of Telecommunications (DoT) and mobile operators have developed a system to identify and block spoof international calls that appear as Indian numbers. This initiative aims to provide relief to mobile users who have been receiving such calls from cyber criminals impersonating police officials, courier company workers, and even…
Jaguar Land Rover owned by India’s Tata Motors, is set to commence the production of its iconic Range Rover and Range Rover Sport models in India. This marks the first time in the 54-year history of these models that they will be manufactured outside of the UK. Previously, both models were exclusively produced at Jaguar…
Gold price outlook: The current circumstances appear to be ideal for gold, and overlooking its appeal could be a costly mistake for investors seeking to safeguard their wealth.Central banks in emerging markets are accumulating gold reserves as tensions persist in West Asia, enhancing the metal’s status as a reliable store of value. Additionally, the near…
MUMBAI: Punit Goenka-helmed Zee Entertainment Enterprises has sought a termination fee of $90 million from Sony Pictures Networks India after the latter pulled the plug on a $10-billion merger deal. In a regulatory filing, Zee said: “Sony Pictures Networks India (now known as Culver Max) and Bangla Entertainment, a unit of Sony Pictures, have failed…
NEW DELHI: In a first for Indian carriers, IndiGo has clocked nearly $ 1 billion annual profit. The profitable airline is also planning to get comfortable for passengers in the front end of aircraft by having a business class on some routes by the year-end.The airline reported a profit of Rs 1,895 crore this January-March,…
India has emerged as the sole nation among the top five steel producers in the world to witness growth in production during April, while others experienced declines of up to 7%.According to an ET report by Nikita Periwal, China, the global leader in steel production, saw its April output decrease by over 7% year-on-year to…
