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RIL share price jumped 3 per cent to Rs 2,275.50 apiece on BSE after the company announced a Rs 5,550 crore investment from KKR into its retail business. In the early morning on Wednesday, Mukesh Ambani-controlled Reliance Industries Ltd, in a press release, informed that global investment firm KKR will invest Rs 5,550 crore into Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries. In a span of less than one month, RIL has Read More

TCS share price hit a fresh 52-week high of Rs 2,544.45 apiece, up 3.63 per cent in an otherwise weak market on Tuesday. The IT giant, in a press release, announced that it has expanded its partnership with a leading supermarket chain in the UK, Morrisons, through a five-year contract for application management services, data services and cybersecurity services. Tata Consultancy Services stock surpassed its previous high of Rs 2,538 apiece on September 15, 2020. Read More

India saved over Rs 5,000 crore when the country in April-May used two-decade low international oil prices to fill up its three strategic underground crude oil storages, Petroleum Minister Dharmendra Pradhan said on Monday. India, the world’s third-biggest oil importer, has built strategic storages in underground rock caverns at three places to meet any contingency. “Taking advantage of the low crude oil prices in the international market, India purchased 16.71 million barrels (mbbl) of crude Read More

With the central government bringing the auto scrapping policy back on the table the volume of medium and heavy commercial vehicles on the road could come down significantly, said HDFC Securities in a report. This shrinking volume of commercial vehicles might not be all bad, as it opens pockets of opportunity with commercial vehicle (CV) sales gaining momentum as the on-road volumes decline. The report adds that the slowing loan growth and falling auto sales Read More

IRCTC shares jumped over 3 per cent to trade at Rs 1,459.95 apiece on BSE after the Indian Railway Catering and Tourism Corporation announced to run additional special trains with effect from Saturday, September 12, 2020. The stock hit a 52-week high of Rs 1,995 apiece in February this year since then the stock has corrected nearly 27 per cent. In March this year, Indian Railways cancelled all the passenger train services and passenger ticketing Read More