INDIAN BUSINESS NEWS2607 Videos

Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%

The S&P BSE Sensex and the NSE Nifty50 surged over 2.5 per cent intra-day and hit highs of 60,845 and 18,114, respectively. The indices, however, pared gains marginally to end at 60,612 and 18,053, respectively. The 30-pack soared 1,335 points and the 50-pack index jumped 383 points. The gains were courtesy a 10-per cent […]

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April 4, 2022

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Impossible to isolate Russia, or hold it back: Putin warns the West

President Vladimir Putin warned the West on Tuesday that attempts to isolate Moscow would fail, citing the success of the Soviet space programme as evidence that Russia could achieve spectacular leaps forward in tough conditions. Russia says it will never again depend on the West after the United States and […]

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April 12, 2022

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Saudi food startup raises $ 170 mn from Sequoia Capital India, others

Sequoia Capital India and Prosus NV have backed a $170 million funding round for Saudi Arabian food and beverage technology startup Foodics, as global investors increasingly seek to back fast-growing firms in the Middle East. Riyadh-based Foodics will use the proceeds to boost its services and expand into new countries, […]

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April 20, 2022

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India to launch open e-commerce network to take on Amazon, Walmart

India will on Friday launch an open network for digital commerce (ONDC) as the government tries to end the dominance of U.S. companies Amazon.com and Walmart in the fast-growing e-commerce market, a government document showed. The launch of the platform comes after India’s antitrust body on Thursday raided domestic sellers […]

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April 29, 2022

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IMF raises Asia’s growth forecast to 4.6%; India, China to be key drivers

The International Monetary Fund (IMF) on Tuesday raised Asia’s economic forecast on the back of the reopening of China. However, it warned of risks from high inflation and global market volatility driven by banking-sector crises in the US and Europe. Asia’s economy is expected to expand by 4.6 per cent this year after a […]

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May 2, 2023

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Voting begins for 224 assembly seats

Voting will be held today for 224 assembly constituencies in Karnataka with 2,615 candidates in the fray People wait in queues at a polling station to cast their votes for Karnataka Assembly elections Congress party’s sitting MLA and candidate from Chittapur assembly constituency, Priyank Kharge alleges that “polling stopped in booth #178 Chamnur village […]

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May 10, 2023

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Consolidated net profit rises 26% to Rs 202 cr

From Adani Wilmar to Havells India: Q4 results to watch out for today From Ambuja Cements to Tata Steel: Q4 results to watch out for today One year since Tatas took over Air India, here’s how the journey has been NIM expansion, loan growth: Top 5 things to track in SBI’s Q4FY23 results ITC, SBI, […]

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May 18, 2023

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US consumer spending beats expectations in April; inflation picks up

Govt seeks approval for Rs 4.36 trillion additional spending in FY23 Nokia reports decline in profits, sees economy impacting client spending US economy started strong in 2023 on firm consumer spending: Fed Beige Book China economy rebounds from Covid slump as consumer spending picks up India’s public spending could crowd out private spending, says CEA […]

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May 26, 2023

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FPIs investment hit 9-month high in May on strong domestic macro-outlook

Foreign Portfolio Investors (FPIs) pumped in Rs 43,838 crore in Indian equities in May, the highest level in nine months, supported by strong macroeconomic fundamentals, and reasonable valuations. FPIs continued the buying stance in June too, and invested Rs 6,490 crore in just two trading sessions of the month, data with the repositories […]

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June 4, 2023

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Reliance suspends Sikka port’s diesel, oil products exports due to cyclone

By Ron Bousso and Mohi Narayan LONDON (Reuters) -Reliance Industries, which operates the world’s largest refining complex, has suspended exports of diesel and other oil products from India’s Sikka port because of a cyclone off the west coast of the country, traders said on Monday. Reliance said in a letter sent to […]

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June 13, 2023

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Asia mixed as Powell says Fed ‘far off’ from inflation target

Stock market LIVE updates: The day of the weekly expiry of Nifty derviatives contract could be laced with volatility for the benchmark indices. At 7:10 AM, SGX Nifty signalled a tepid start to the day as the index was dowm 37 points at 18,872. …Read More No article available in this category. Source link

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June 22, 2023

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Homegrown bank giant bigger than Morgan Stanley to arise from India merger

By Preeti Singh and Divya Patil A homegrown Indian company will for the first time rank among the world’s most valuable banks after completing a merger, marking a new challenger to the largest American and Chinese lenders occupying the coveted top spots.    The tieup of HDFC Bank Ltd. and Housing Development […]

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June 30, 2023

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