Mumbai: Domestic equity benchmark BSE Sensex rallied over 662 points in opening session on Monday after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy. The 30-share index, however, pared some gains as investors began booking profits at higher levels. The index was […]
Mumbai: The BSE benchmark Sensex Monday rose 169 points, led by gains in IT stocks amid positive global cues. The NSE barometer Nifty gained 52 points to reclaim the 11,900 level. Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to […]
San Francisco: Responding to a letter filed by a tech lobby to bar import of iPhone models not using its modem chips, Qualcomm has said the group was conducting a “coordinated effort aimed at misdirecting” trade regulators. The Computer and Communications Industry Association, which represents several tech companies, lodged a formal letter with the US International […]
Bhubaneswar: Overwhelmed over the total investment intent of over Rs 2 lakh crore received during the recently concluded ‘Make in Odisha’ Conclave, Chief Minister Naveen Patnaik today said the state government will take steps to ensure grounding of these investments. “I am particularly pleased that the proposed investments have the potential to generate 1.4 lakh […]
Bhubaneswar: Tobacco-to- hospitality-to-FMCG conglomerate ITC Limited would procure pulpwood from Malkangiri district to feed its paperboard plant at Bhadrachalam in neighbouring Telengana. This was disclosed by ITC chief operating officer (COO) Sanjiv Puri at the ‘Make In Odisha’ conclave here on Thursday. Puri was addressing delegates from industries at the plenary session in which Union […]
New Delhi: Diversified group ITC will set up an integrated consumer goods facility and a five star hotel in Odisha at an investment of Rs 800 crore. The integrated consumer goods manufacturing facility is being built on an area of 700,000 sq ft at Khordha district in Odisha. The firm will roll out ITC’s food brands […]
New Delhi: Instant noodles and pastas with tastemakers of only seven companies are allowed to be sold in India, the food safety watchdog said on Monday, while also ordering tests on all approved variants and calling for the remaining “illegal” ones to be destroyed. The seven companies that have approvals for their variants of instant […]
Kolkata: Observing that land was an issue faced by the industry across India, ITC chairman Y.C. Deveshwar Wednesday said the industry's perception about West Bengal has changed and the state was moving in the right direction towards attracting investment.