Business and financial news
Mumbai: The Securities and Exchange Board of India (SEBI) on Wednesday prohibited a well-known social media influencer from engaging in securities trading and ordered him to reimburse Rs 17.2 crore collected from his followers, Bloomberg reported.
Mumbai: The stock market continued to decline for the sixth consecutive session, the benchmark Sensex witnessed a massive drop of around 900 points, crossing the 64,000 level.
Mumbai/UNI: Telecom major, Reliance Jio Infocomm Limited on Thursday said the company has partnered with network services and consumer experience pioneer Plume to provide market-leading smart home and small business services to its subscribers across India.
Pune: Bajaj Finserv Asset Management on Wednesday announced the launch of its fourth fixed income investment produc tBajaj Finserv Banking and PSU Fund.
Mumbai: The initial public offer of Cello World Ltd, one of the leading companies in the consumerware market, will be listed on the country's premier equity markets to raise Rs 1,900 crore.
Kolkata: Volvo Car India recorded 40% growth in the January-September 2023 period, the company said in a press release.
New Delhi: India, presently the world's fifth-largest economy, is poised to surpass Japan and secure the position of the third-largest global economy with a Gross Domestic Product (GDP) of $7.3 trillion by 2030, S&P Global Market Intelligence has projected in its latest Purchasing Manager’s Index (PMI) report.
New Delhi: The Union Cabinet Wednesday approved the nutrient-based fertiliser subsidy rates for the 2023-24 Rabi season at a cost of Rs 22,303 crore to the government.
Mumbai: Daewoo, which manufactured Matiz and Cielo cars in India, is preparing for a re-entry into the country, this time focusing on a range of power, energy, and electronic products, including electric vehicles (EVs), Moneycontrol reported.
Mumbai: IT services company Tech Mahindra witnessed a significant 61.6 percent drop in net profit to Rs 494 crore compared to the previous year for the quarter ending on September 30.
Mumbai: Private sector lender Axis Bank on Wednesday reported a net profit of Rs 5,864 crore for the July-September FY24 quarter, a 10 percent increase from Rs 5,330 crore recorded a year ago.
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Mumbai: The stock market continued to witness heavy selling on October 25 as the geopolitical crisis in the Middle East showed no signs of easing, a spike in bond yields in the US, and lower than anticipated second-quarter earnings of big business enterprises, Moneycontrol reported.
New Delhi: The Union Cabinet, headed by Prime Minister Narendra Modi, was briefed about a Memorandum of Cooperation (MoC) inked in July 2023 between India's Ministry of Electronics and Information Technology (MeitY) and Japan's Ministry of Economy, Trade and Industry (METI) regarding a partnership in the semiconductor supply chain between the two nations.
Honasa Consumer, the company that runs Mamaearth is set to launch its initial public offering on October 31, Moneycontrol reported.
Mumbai: Ajay Goel, who served as the CFO of troubled edu-startup Byju's, has resigned just half a year after joining the company, media reports said.
Bengaluru: Swedish furniture retailer IKEA has been asked to pay Rs 3,000 to a woman by a Bengaluru court for charging her Rs 20 for a paper bag that had its logo printed on it, according to a report in the media.
The BSE Sensex on Monday rose marginally by 22 pts to open at 65,419.02 following gains in FMCG, Financial Services and Health Care stocks.
Delhi: In a strategic move to enhance its service offerings and provide more specialized solutions, Floodlightz Media Solutions is proud to introduce a clear division between its event management and digital marketing services. This decision represents a significant step towards refining the company's approach, allowing it to scale its operations and deliver even higher levels of professionalism and quality service.
Mumbai: ICICI Bank posted a 35.7 percent year-on-year surge in standalone profit and a 24 percent increase in net interest income for the July-September quarter of the fiscal year 2023-24 (Q2).
Mumbai: RBL Bank posted a substantial 46 percent year-on-year increase in net profit, reaching Rs 294 crore for the quarter ending September.
Baghdad: Two rockets hit Friday an Iraqi airbase housing US military experts and agencies near Baghdad International Airport, according to a source from the country's Interior Ministry.
New Delhi: Poonawalla Fincorp on Friday reported highest ever quarterly standalone profit after tax (excluding exceptional item) of Rs 230 crore for the quarter ending September 2023 (Q2FY24).
Mumbai: JSW Steel marked a return to profitability with a consolidated net profit of Rs 2,773 crore for the July-September period.
Mumbai: State-owned Central Bank of India announced a net profit of Rs 605.4 crore for the fiscal quarter spanning July to September.
Mumbai: India's Central bank, the Reserve Bank of India (RBI), is planning to conduct open market sales of bonds once government spending increases and there is an improvement in durable liquidity surplus, Reuters reported.
New Delhi: The Ministry of Electronics and Information Technology (MeitY) committee has proposed establishing the India Semiconductor Research Centre (ISRC) at an estimated cost of $2.5-3 billion.
Mumbai: One97 Communications, the parent company of Paytm, posted a consolidated revenue of Rs 2,519 crore for the second quarter ending September 2023, indicating a 32 percent increase compared to Rs 1,914 crore in the previous year, media reported.
The equity market remained negative for the third straight session on Friday, as the BSE Sensex tanked 231.62 pts to close at 65,397.62 due to weak trends in global markets and soaring crude oil prices.
Kolkata/Pune: Tyre manufacturer Bridgestone India Thursday nnounced a commitment to adopt and support one lakh smallholder rubber farmers in Idukki and Kottayam districts in Kerala.
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