Mumbai/IBNS: Reliance Industries Ltd. has seen a decline of nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since reaching a peak in July, as the Indian conglomerate contends with weaker earnings and a slowing economy, reports Bloomberg.
California/IBNS: Freshworks, a Nasdaq-listed SaaS (Software-as-a-Service) firm, saw its shares surge over 28 percent following the release of its strong third-quarter results and the announcement of a $400 million share buyback programme.
Mumbai: Swiggy’s IPO was 35 percent subscribed by the second day of its share sale on November 7.
New Delhi: The Enforcement Directorate (ED) carried out multiple searches on Thursday under the Foreign Exchange Management Act (FEMA) at 19 locations in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana), targetting key vendors of Amazon and Flipkart, Reuters reported.
New Delhi: Grosvenor and EIH London Investments Ltd on Wednesday said that London's prestigious Mayfair neighbourhood will have the first Oberoi Hotel by the Indian luxury hospitality group in the UK, media reports said.
New Delhi: Grosvenor and EIH London Investments Ltd on Wednesday said that London's prestigious Mayfair neighbourhood will have the first Oberoi Hotel by the Indian luxury hospitality group in the UK, media reports said.
New Delhi: The Supreme Court has ordered the liquidation of Jet Airways’ assets, exercising its special powers under Article 142 to overturn a tribunal's ruling that allowed ownership transfer to the Jalan-Kalrock Consortium (JKC) despite incomplete payment to creditors, media reports said.
Texas/IBNS: Elon Musk, CEO of Tesla, SpaceX, and X (formerly Twitter), saw his net worth soar by $26.5 billion following Donald Trump’s return to the White House in the 2024 US presidential election.
Bharti Telecom Ltd (BTL), the primary promoter of Bharti Airtel, has raised its stake in the telecom giant to 40.33% by acquiring an additional 1.2% from fellow promoter entity, Indian Continent Investment Ltd (ICIL), through an off-market transaction.
Billionaire and IndiGo co-founder Rakesh Gangwal has been appointed as the Chairman of Southwest Airlines, the U.S.-based carrier announced, media reports said.
Mumbai: Tata Steel Ltd reported a consolidated net profit of Rs 759 crore for the quarter ending September 30, 2024, marking a return to profitability after incurring a net loss of Rs 6,511 crore in the same period last year, media reported.
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned that October's inflation rate is expected to exceed the 5.5% recorded in September.
Mumbai: Deutsche Bank on Wednesday announced a fresh capital infusion of Rs 5,113 crore into its India operations—the largest allocation in recent years, media reports said.
Mumbai/IBNS: Indian IT stocks posted impressive gains in Wednesday (Nov. 6) morning trade, propelling the Nifty IT sectoral index up by 4 percent, as Donald Trump is all set to win the 2024 US presidential race.
Mumbai/IBNS: Foreign Portfolio Investors (FPIs) continue to reduce their exposure to Indian equities, extending their selling streak to a 27th consecutive session on Tuesday (Nov. 5).
New York/IBNS: In a historic moment that reverberated through the United States and around the world, Donald J. Trump secured a 2024 presidential victory, marking his return to the White House.
Mumbai/IBNS: The Indian stock market reacted swiftly to news of Donald Trump securing the 2024 United States presidential race, with initial volatility reflecting both caution and opportunity.
New York/IBNS: Donald Trump’s victory in the 2024 US presidential election has sparked immediate reactions across global markets, with investors bracing for the policy shifts expected under his administration.
Mumbai/IBNS: India's leading food ordering and delivery company Swiggy on Wednesday (Nov. 6) launched its Rs 11,327.43 crore initial public offering (IPO), after raising Rs 5,085.02 crore from anchor investors the day prior.
New York/IBNS: Bitcoin on Wednesday (Nov. 6) soared to a new all-time high, surpassing $75,000 after early exit polls from the US presidential election indicated a slight advantage for Republican candidate Donald Trump.
New Delhi/IBNS: The Indian rupee on Wednesday (Nov. 6) hit a record low as preliminary US presidential election results strengthened the dollar and weighed on Asian currencies.
New Delhi: The income tax department has granted tax officials the authority to waive or reduce the interest payable by taxpayers, provided certain conditions are met, media reports said.
Mumbai: Titan Company reported a 23.1% year-on-year decline in net profit for Q2 FY25, attributed to the impact of a customs duty reduction.
Hyderabad: Dr. Reddy's Laboratories, an Indian generic pharmaceutical company, announced on Tuesday that its second-quarter profits were impacted by one-time charges associated with its joint venture with Nestlé India and the acquisition of Nicotinell, reported Reuters
Bhubaneswar: India’s JSW Steel and South Korea’s Posco are set to invest Rs 65,000 crore ($7.73 billion) in a planned steel plant in India over the next few years, Reuters reported.
Kolkata/IBNS: Defence PSU Garden Reach Shipbuilders and Engineers Ltd. (GRSE), which formally stepped into the realm of constructing ‘Next Generation’ combat vessels on Tuesday by laying the keels of two NGOPVs (Next Generation Offshore Patrol Vessels), said they are manufacturing at least 17 warships for the Indian Navy besides one for Bangladesh.
Mukilteo (US) : Boeing's factory workers on the U.S. West Coast agreed to a new contract on Monday, concluding a seven-week strike that had stalled jet production and worsened the financial situation for the struggling planemaker, Reuters reported.
New Delhi/IBNS: Muralikrishnan B, President of Xiaomi India, has stepped down as the company seeks to reclaim its top position in India’s smartphone market, according to Moneycontrol.
New Delhi/IBNS: Shreyas Srinivasan on Monday (Nov. 4) resigned as Chief Product Officer and Head of Consumer Products at Paytm, following the sale of Paytm’s entertainment and live ticketing platform, Insider.in, to the food-delivery giant Zomato.
Mumbai/IBNS: Reliance Industries Ltd. (RIL) plans to take Jio Platforms Ltd., its telecommunications subsidiary, public in 2025, Reuters reported, citing sources familiar with the matter.
