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"We have an ongoing project of 2.5 MT, greenfield of 3 MT, brownfield of 1.7 MT and upgradation of around 5.3 MT. This will take the capacity to 48.4 MT by March of FY24," said Puneet Dalmia, managing director of Dalmia Bharat in an interaction with ET.

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Vodafone India, which merged with Idea Cellular in 2018 to form Vodafone Idea, had in its tax return filed for the assessment year 2015-16 declared a total income of more than Rs 4,350 crore and claimed a depreciation of Rs 1,682.48 crore at 25% on the spectrum fee it had paid.

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Gold prices fell for a fourth consecutive session on Monday and were set for their biggest monthly drop since last September, as the U.S. dollar strengthened ahead of key central bank meetings, making bullion more expensive for holders of other currencies.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 212355.11 Crore) operating in Gas & Petroleum sector.

FMCG market growth hits a 9-year high in 2021

Updated at : 2022-01-31 08:20:02

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Volume, which normally accounts for more than two-thirds of FMCG growth, expanded 5% or about a third of the overall growth, indicating that bulk of the revenue expansion was due to price hikes, industry executives quoting Nielsen data said. In 2020, the market had shrunk about 2% in both value and volume.

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​Paytm shares have tumbled 58% since the stock listed on Nov. 18. That’s cut the valuation of its parent One 97 Communications Ltd. to $7.8 billion from $20 billion.

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A large cash balance of over Rs 1 lakh crore would help the government tide over the financial year even if the budgeted Life Insurance Corporation’s initial public offering (IPO) fails to make it before the March 31, 2022 deadline.

Legal experts split over crypto regulation

Updated at : 2022-01-31 08:20:02

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Legal experts are divided over regulating crypto assets. While one section is advising the government not to take a hasty decision without understanding the use cases, the other is against continuing the status quo despite the difficulty in defining crypto.

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Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69 cents on Friday. The front-month contract for March delivery expires later in the day.

Cabinet may take up FDI proposal for LIC next week

Updated at : 2022-01-31 08:20:02

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India allows foreign direct investment (FDI) up to 74% in the insurance sector, but this does not apply to LIC, which is governed by the LIC Act. The government may now allow up to 20% foreign investment in the insurer that plans to list by the end of this fiscal year.

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