Business and financial news
The Reserve Bank of India on Monday (April 15, 2024) directed all banks and regulated entities not to levy additional fees on loans that were not previously disclosed in the Key Fact Statement (KFS).
Mumbai/IBNS: Indian indices opened on a negative note on Tuesday (April 16) with Nifty below 22,150 as geopolitical tensions continue to flare up in the Middle East after the Iranian aerial attack on Israel on Sunday midnight.
Automobile major Tesla will remove 10 per cent of its global electric vehicle workforce.
Nepalese billionaire Binod Chaudhary, who made it big selling instant noodles, is seeking to list his conglomerate Chaudhary Group’s India food unit by 2026.
Ahmedabad: Adani Group-owned cement and building material company Ambuja Cements signed a definitive agreement to acquire My Home Group's 1.5 MTPA cement grinding unit in Tamil Nadu’s Tuticorin.
Byju’s India CEO Arjun Mohan has quit his position in the firm just six months after taking over the role, the company announced in a statement on Monday.
Telecom major Vodafone Idea is planning to launch its 5G service in select pockets across India in the next six to nine months, media reports said.
The crypto market witnessed a significant drop with several altcoins plunging by double digits in response to the current Middle East crisis triggered by Iran's attack on Israel on Saturday.
Amidst rising geo-political tension and higher-than-expected US inflation, the stock markets on Monday tanked right from word go and ended the day with a loss of over 845 points to settle at 73399.78.
Elon Musk-owned American brand Tesla has signed a strategic deal with Tata Electronics to procure semiconductor chips for its worldwide operations, media reports said.
New York/IBNS: Most Asian stocks slipped Monday (Apr 15), tracking a fall in US equities, as markets grappled with escalating geopolitical tensions after Iran launched an unprecedented drone attack on Israel at the weekend.
Mumbai/IBNS: The market experts believe that the Indian stock markets could remain volatile on Monday (Apr 15) amid the escalating geopolitical tensions between Iran and Israel.
Tata Consultancy Services (TCS) has reported a decline in its headcount, a situation unprecedented in 19 years with the company's total employee base diminished to 6,01,546.
Mumbai: Vodafone Idea has announced its follow-on public offer (FPO) worth Rs 18,000 crore which will be open for subscription starting April 18.
Mumbai: Last week, IT giant Tata Consultancy Services (TCS) launched the fourth-quarter earnings season with results that surpassed expectations and impressive operating margins.
Islamabad: The Asian Development Bank (ADB) on Thursday said that Pakistan's economic outlook is uncertain, with significant downside risks due to current political instability, media reported.
China continues to be a key market for a chunk of American chipmakers even as the United States tightens control on chip sales to the country and amid Beijing’s intense efforts for self-sufficiency in the semiconductor sector, media reports said.
Tokyo: Japan is ready to take all appropriate measures in response to excessive swings in its currency and is analysing the recent weakness in yen alongside its causes, said Finance Minister Shunichi Suzuki, media reported.
New Delhi: India's Index of Industrial Production (IIP) increased by 5.7 percent in February, compared to 3.8 percent in January, according to data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Friday.
Mumbai: GQG Partners, an investment firm, and State Bank of India Mutual Fund are contemplating a combined investment of around $800 million in the $2.16 billion share offering of telecom company Vodafone Idea, media reported.
Israel Friday launched a massive attack on Gaza amid Iran's threat to avenge a strike in Syria this month that killed two Iranian generals.
New Delhi: India's primary retail inflation rate dropped to its lowest point in ten months at 4.85 percent in March, according to data released by the Ministry of Statistics and Programme Implementation on Friday.
Mumbai: IT giant Tata Consultancy Services (TCS) on Friday reported a consolidated net profit of Rs 12,434 crore for the January-March quarter, a growth of more than 9 percent compared to Rs 11,392 crore recorded in the same period last year.
The BSE Sensex on Friday dropped 793.25 pts to settle below 75K to 74244.90 on profit booking along with FPI sold off influenced by US inflation.
Adani Green Energy Limited (AGEL), India’s largest and one of the world’s leading renewable energy (RE) companies, has surpassed 10,000 megawatts (MW) of operational portfolio, delivering 'reliable, affordable, and clean power' to the national grid, the company said.
Mumbai: Edelweiss Alternatives backed platform concludes acquisition of L&T Infrastructure Development Projects Limited (L&TIDPL)
Mumbai: Condom maker Cupid Ltd on Wednesday said it has signed an agreement to supply 5.9 million pieces of Female Condoms (FC) in Brazil.
Kolkata: Bridgestone India Wednesday launched its new generation tyre Bridgestone TURANZA 6i for the passenger vehicles segment.
Abu Dhabi: 3AI Holding Limited, a global AI investment firm based in Abu Dhabi, that invests in AI infrastructure and AI foundational companies, Wednesday announced that it has entered into a strategic partnership with SML India, allowing them to jointly own ‘Hanooman’, India’s multilingual GenAI platform, a press release said.
Mumbai: IndiGo Airlines became the world's third largest airline on Wednesday in terms of market capitalisation as stocks of its operator InterGlobe Aviation Limited climbed to a new record high on April 10 by trading 5 percent higher at Rs 3,801 apiece during afternoon trade, thus bolstering their gains for the fourth day in a row, media reports said.
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