Kirloskar family feud: Brothers’ firms spar over 130-year-old legacy

New Delhi, July 27 Kirloskar Brothers Ltd (KBL), led by Sanjay Kirloskar, on Tuesday accused four firms under his brothers Atul and Rahul of trying to “usurp” its legacy of 130 years and trying to mislead the public, which has been refuted by the other side. As the family feud…

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Sensex tumbles for 2nd day as Asian sell-off deepens on China crackdown; Dr Reddy’s tanks 10 pc post earnings

Mumbai, July 27 Domestic markets surrendered early gains to close in the red for the second straight session on Tuesday as sentiment remained risk-averse amid lacklustre corporate earnings and a deepening sell-off in Asian markets post China’s regulatory crackdown on tech companies. The 30-share BSE Sensex skidded 273.51 points or…

View More Sensex tumbles for 2nd day as Asian sell-off deepens on China crackdown; Dr Reddy’s tanks 10 pc post earnings

Sensex rises over 150 points in early trade; Nifty tops 15,850

Mumbai, July 27 Equity benchmark Sensex surged over 150 points in early trade on Tuesday, tracking gains in index majors HDFC Bank, ICICI Bank and Tata Steel amid a positive trend in global markets. The 30-share BSE index was trading 155.51 points or 0.29 per cent higher at 53,007.78 in…

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Finance Minister: No plan to print currency

New Delhi, July 26 The government has no plan to print currency notes to tide over the current economic crisis triggered by the Covid pandemic, Finance Minister Nirmala Sitharaman informed Parliament on Monday. To a query on whether there is any plan to print currency to tide over the crisis,…

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Byju’s acquires Great Learning for $600 million

New Delhi, July 26 Edtech major Byju’s on Monday said it has acquired Singapore-based Great Learning for $600 million (about Rs 4,466 crore), and will invest an additional $400 million to strengthen its position in the professional and higher education segment. The development comes just days after Byju’s had announced…

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Exposure of banks, financial institutions to real estate at $100 billion; 67% loans safe, says Anarock

18 per cent of the overall lending to Indian real estate is under ‘severe’ stress, implying that there has been high leveraging by the concerned developers, it notes Source: Business Line…

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BYJU’s acquires Singapore-based Great Learning for $600M

New Delhi, July 26 BYJUS has acquired a professional and higher educational startup, Great Learning for $600 million. The partnership marks BYJU’s entry into the professional and higher education segment with a $1 billion commitment. The move combines BYJU’s leadership in education technology and content with Great Learning’s expertise in…

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Auto component industry revenues to grow by 20-23 pc in FY22: Icra

New Delhi, July 26 Indian auto component industry is expected to post 20-23 per cent revenue growth in the current fiscal aided by strong exports and recovery in the domestic market, as per rating agency Icra. The growth would, however, be on the low base of the last two fiscals…

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