Business and financial news
Mumbai/IBNS: Today (Monday, Nov. 11) marks the final day of operations for Vistara under its own brand, as the airline will transition to flying as part of Air India starting Tuesday (Nov. 12).
Mumbai/IBNS: Bitcoin has surged to a new record high, exceeding $81,000, following the election of US President-elect Donald Trump and his perceived support for digital assets, Bloomberg reported.
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
New Delhi/IBNS: Union Minister Hardeep Singh Puri emphasized that India’s decision to purchase oil from Russia has played a crucial role in preventing global oil prices from escalating even further.
Mumbai: Zinka Logistics Solutions Ltd has set a price range of Rs 259-273 per share for its initial public offering, opening for subscription on November 13.
Kolkata: Japanese tyre giant Bridgestone Corporation announced a $85 million (around Rs 720 crore) investment to boost production capacity and capabilities at its two Indian plants.
Mumbai: Motherson Sumi Wiring India reported a 3% drop in net profit to Rs 152 crore for the quarter ending September 30, 2024, compared to Rs 156 crore in the same period last year.
Mumbai: Tata Motors Ltd. (TML) Q2 FY25 consolidated net profit fell 11% on-year to Rs 3,343 crore, driven by weak performance at its Jaguar Land Rover (JLR) unit and in its commercial vehicles segment.
Mumbai: Air India Group has announced several senior management changes as it prepares for the merger of Air India and Vistara, effective November 12.
Mumbai: Vedanta Ltd, led by billionaire Anil Agarwal, posted a net profit of Rs 4,352 crore for the September quarter, contrasting with a loss of Rs 1,783 crore in the same period last year, largely due to lower taxes.
New Delhi: An investigation by India’s Competition Commission (CCI) found that major food delivery companies Zomato and SoftBank-backed Swiggy violated competition laws through practices that favoured specific restaurants on their platforms, according to confidential CCI documents.
Leading passenger vehicle manufacturer Maruti Suzuki India Limited (MSIL) recently commenced bookings for its highly anticipated 4th Generation Dzire.
Mumbai: State Bank of India (SBI) reported a substantial profit of Rs 18,331 crore, marking a 28% year-on-year increase and surpassing market expectations. crore.
Mumbai/IBNS: India’s significant rise in patent filings helped propel global patenting activity to an all-time high in 2023, with the country entering the top ten for the first time.
Mumbai/IBNS: Swiggy's IPO was fully subscribed on its final bidding day, Friday (Nov. 8), following a lukewarm response during the first two days of its Rs 11,327.43 crore offering.
Mumbai/IBNS: The share allotment for the Sagility India IPO is expected to be finalized later on Friday (Nov. 8).
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.
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