Technocraft Ventures, a wastewater treatment solutions provider and public infrastructure development firm, has filed draft papers with markets regulator Sebi to launch an initial public offering (IPO).The IPO will comprise a fresh issue of up to 95.05 lakh equity shares and an offer for sale (OFS) of up to 23.76 lakh shares by promoter Kartikey…
China’s consumer prices held steady in July, offering brief relief to an economy struggling with deflationary pressures and weak domestic demand.According to AFP, the official data from the National Bureau of Statistics showed that the Consumer Price Index (CPI) was unchanged year-on-year, beating Bloomberg’s forecast of a 0.1% decline. However, prices fell in rural areas…
When US President Donald Trump imposed tariffs of 50 per cent on Brazilian exports in July, acai producer Ailson Ferreira Moreira felt immediately concerned. After all, who was going to eat all of that Amazon berry, globally famous as a delicious, refreshing and nutritious superfood, if American consumers suddenly could no longer afford it? As…
India and Oman are set to announce the conclusion and signing of their proposed free trade agreement (FTA) “much sooner” than the earlier estimated two to three months, PTI reported citing an official.When asked if it would take two to three months, the official said: “Much less” than that. The agreement text is currently being…
Air India is working with Singapore Airlines to adopt global best practices and improve the reliability of its ageing aircraft fleet, CEO Campbell Wilson told employees during a townhall on Friday, amid heightened regulatory oversight following the June 12 crash of its Boeing 787-8.According to a PTI report citing sources present at the internal meeting,…
NEW DELHI: In a bid to manage the heavy rush during the Diwali and Chhath festival season, railways has introduced a new experimental scheme “Round Trip Package”, offering a 20% rebate on the fare of the return journey for passengers booking both onward and return tickets together. The initiative aims to spread out passenger traffic…
Elon Musk‘s Tesla is set to expand its India footprint, with its second showroom opening in Delhi on August 11, less than a month after the electric carmaker debuted in Mumbai.Announcing the move on social media platform X, Tesla posted: “Arriving in Delhi – stay tuned,” along with a sleek graphic teasing its arrival in…
MUMBAI: A day after Dalal Street investors ignored the significantly higher US tariffs, the sensex slumped nearly 1% or 765 points on Friday to a three-month closing low of 79,858. It closed below the 80,000 mark for the first time since May 9 on fears of the tariffs hitting Indian companies and the economy, and…
BENGALURU: Biocon is gearing up to manage potential challenges arising from US govt’s proposed tariffs on pharma imports. The company cautioned that these higher duties could impact profit margins and disrupt the availability of affordable generic medicines for American patients.The US remains Biocon’s largest market, contributing a significant share of its overall sales. However, the…
NEW DELHI: Asserting that “India will not bow down to anybody”, commerce and industry minister Piyush Goyal said on Friday that countries will restructure their trade routes and partners.“The world keeps evolving, international trade keeps finding new pathways. What we are seeing today is possibly a churn that is bound to happen every few years…
