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Indian stocks edge higher in lackluster trade; ITC up 3%

IT Min may firm-up package of measures to boost electronics exports by June  -   21/05/2018 16:47
T he IT Ministry may finalise a package of measures to boost electronics exports as early as June this year, according to a senior government official, reported PTI. These set of measures -- that are expected to precede the new overarching national electronics policy currently being crafted -- will...
Rupee slips 9 paise to 68.17 against US dollar  -   21/05/2018 16:36
T he Indian rupee was trading lower against the greenback on Monday on sustained bouts of dollar demand in wake of rising global crude prices. The dollar also strengthen against other Asian currencies amid reports that the US and China would resolve trade dispute. The rupee belled the day in negati...
Pooled natural gas prices for urea manufacturers to rise in short term  -   21/05/2018 15:17
I ndia Ratings and Research (Ind-Ra) has said that the upward bias in the prices of pooled natural gas available to fertiliser companies would continue in the short to medium term. According to Ind-Ra, the increase in the pooled gas prices would be driven by a combination of events, such as a conti...
Partners Group, Kedaara Capital to acquire Vishal Mega Mart from TPG  -   21/05/2018 14:48
P rivate equity firms Partners Group and Kedaara Capital Fund will acquire value retail chain Vishal Mega Mart (VMM) from PE firm TPG, reported PTI. The deal size was not disclosed but as per market sources it is expected to be around Rs 5,000 crore. VMM has over 229 stores in 110 cities and tow...
Industry seeks cut in fuel excise duty as oil prices zoom  -   21/05/2018 14:29
I ndia Inc today urged the government to cut excise duty on petrol and diesel immediately, observing that rising oil prices pose a high risk to India's economic growth trajectory. Industry bodies Ficci and Assocham also pitched for inclusion of automobile fuel under the ambit of GST as a long-t...
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