Page 113 - Bs Reporter%c2%a0

CLSA sees further re-rating scope in Vedanta; stock rises over 2%

Vedanta also expects major cost reductions via alumina refinery capacity expansion, higher power generation efficiency, commissioning coal blocks and bauxite mines, and a smelting capacity increase

WhatsApp announces major upgrades to enhance calling experience

Interestingly, WhatsApp also announced that it is allowing more participants in video calls. Now 32 people can get on a video call across all their devices

JSW Group to invest $70 billion in 6 years; plans to expand capacity

The Odisha investment consists of a 50 GWh EV battery plant, EVs, a lithium refinery, a copper smelter, and related component manufacturing units

Haldia Petrochemicals signs 10-yr pact with QatarEnergy for naphtha supply

'Deal reaffirms commitment to be part of India's economic growth trajectory,' says Qatar's energy minister

Hansgrohe bets big on India, sees it among top five global market

The company did not share India's revenue numbers, however, the executive expects India to contribute up to 10 percent in the global sales in the years to come

Brigade Group to invest Rs 8,000 cr in Chennai; develop 15 mn sq ft

Bengaluru-based real estate company aims to double growth in Chennai

Nifty hits a new high of 23,323 amidst gains in heavyweight stocks

The gains in public sector enterprises like Power Grid and Coal India also boosted sentiment

Groww's active client base tops 10 mn; becomes 1st broker co to attain feat

Zerodha Broking, which is the country's most profitable brokerage, has UCCs of 7.51 million, cornering an 18 per cent market share

Wealth management firm 360 ONE acquires ET Money for Rs 366 crore

ET Money has 900,000 transacting clients with more than 100,000 revenue-generating users

Motilal Oswal launches defence index fund; 50% investors prioritise returns

The index fund will track the Nifty India Defence Index, which comprises 15 companies operational in the defence manufacturing and servicing industry

HDFC Bank raises FD rates by 20 basis points with effect from June 10

The move comes even as the Reserve Bank of India decided to keep the policy repo rate unchanged in the June review of monetary policy

Sebi imposes Rs 2.6-crore penalty on ex-news anchor, and 7 others

Sebi on Tuesday imposed Rs 1 crore penalty on former CNBC Awaaz news anchor Pradeep Pandya and Alpesh Vasanji Furiya

Kotak Mutual Fund launches Kotak Special Opportunities Fund

The fund would look for such opportunities across market capitalisation

Last mile journey to 4% inflation target is sticky: RBI Governor Das

Even the high rates of growth are enabling us to catch up with that level. So, no, signs of over- heating. On rate hikes being off the table, nothing is off the table.

CBIC unveils new draft, set to replace 8-decade old central excise regime

At present, Central Excise is levied mainly on petroleum products. As a part of the pre-legislative consultative process, CBIC has sought stakeholders' comments by June 26