Shares of the Mukesh Ambani-led Reliance Industries (RIL) surged over 2 per cent to ₹1,290 on Monday after Citibank upgraded the stock from 'neutral' to 'buy' rating, citing favourable risk-reward dynamics.
The US-headquartered brokerage has raised the target price for the scrip to ₹1,530, implying an upside of over 18 per cent from the current market price.
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Nearly ₹1 trn unspent welfare funds lying in states' accounts
Funds to the tune of ₹1 trillion for centrally sponsored schemes are lying unspent in the single nodal agency (SNA) accounts of states.
Govt plans to raise deposit insurance beyond ₹5 lakh
A proposal to increase deposit insurance is being considered and the finance ministry will notify it once the Cabinet takes a decision, said M Nagaraju, secretary, financial services, Ministry of Finance, on Monday.
₹1,400 cr. Industrial Push: MP Targets Jobs, Growth & Global Investors
Aims at generating 20 lakh jobs in five years and increase GDP to ₹6 lakh crore by 2030
India delivering 'good returns': FM on FII selloff
Choppy markets, dropping valuations make post-IPO exits via block deals challenging
Govt weighs LPG subsidy for OMCs as losses mount
As cooking gas underrecoveries soar, Centre considers ₹40K cr mid-yr payout
Smallcaps in free fall: More pain ahead?
Meltdown raises concerns of a full-blown capitulation
Trade deficit widens to nearly $23 billion in Jan as exports shrink
India's merchandise trade deficit widened to nearly $23 billion in January, compared with $16.5 billion a year earlier, as the value of exports dropped amid subdued demand for petroleum products and global economic uncertainties.
Embedding Sustainability in Organisational DNA
> K Vijay Vardhan Rao, Senior President Marketing, Maha Cement, highlights the unique steps taken to weave sustainability into the brand fabric
A Case Of Kilos
Global pharma majors are looking to cash in on India's obesity crisis, but weight-loss drugs demand time and money
Reviving manufacturing growth
Ensuring manufacturing growth consistent with our development aims requires the government becoming less entrepreneurial and the corporations becoming much more entrepreneurial
