Pre-booking for Maruti Suzuki's 4th Generation Dzire is now open
Leading passenger vehicle manufacturer Maruti Suzuki India Limited (MSIL) recently commenced bookings for its highly anticipated 4th Generation Dzire.
Finance
SBI Q2FY25 net profit grows 28% YoY Rs 18,331 cr; NII at Rs 41,620 cr
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.
Global patent filings reach record high driven by surge in applications from India
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.
Swiggy IPO Day 3: Online food delivery giant's Rs 11,300 crore issue gets fully subscribed
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.
Sagility India IPO share allotment expected today
Mumbai/IBNS: The share allotment for the Sagility India IPO is expected to be finalized later on Friday (Nov. 8).
Mukesh Ambani's Reliance Industries loses over $50 billion in market cap on earnings dismay
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.
SaaS major Freshworks announces to lay off over 600 employees despite profits
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.
Swiggy IPO subscribed 35% by day two; GMP signals modest listing gain
Mumbai: Swiggy’s IPO was 35 percent subscribed by the second day of its share sale on November 7.
ED raids multiple locations of top Amazon and Flipkart vendors over alleged FEMA violations: Report
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.
India's Oberoi Group to debut in UK with luxury hotel in London’s Mayfair
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.
India's Oberoi Hotels to debut in UK with luxury boutique in London’s Mayfair
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.
No revival of Jet Airways as Supreme Court orders liquidation of carrier's assets
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.
Elon Musk’s net worth surges by $26.5 bn following Trump’s 2024 election victory, Musk hails 'clear message' from American voters
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 raises stake in Airtel to 40.33%
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.
IndiGo co-founder Rakesh Gangwal appointed Chairman of Southwest Airlines
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.
Tata Steel returns to profitability with Rs 759 cr profit in Q2FY25
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.
October inflation rate likely to exceed September’s 5.5%: RBI Governor
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.
Deutsche Bank announces fresh capital infusion of Rs 5,113 cr to expand ops in India
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.
Nifty IT surges amid US presidential election results; TCS, Infosys among top gainers
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.
FPIs continue selling spree for 27 consecutive sessions, outflows hit Rs 1.21 lakh crore
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).
US markets react to Trump 2024 victory: Initial boost fades amid policy uncertainty
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.
US presidential election 2024: Indian markets react to Trump victory
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.
Trump's 2024 presidential victory sends shockwaves through global markets
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.
Swiggy IPO hits market after raising Rs 5,085 crore from anchor investors
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.
Bitcoin hits record high, crosses $75,000 as traders lean towards Trump victory
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.
Rupee tumbles to lifetime low as US dollar surges on Donald Trump's early lead in US election results
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.
CBDT grants officials authority to waive or reduce interest payments
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.
Titan Company Q2FY25 grows 23% YoY to Rs 13,473 cr
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.
Dr Reddy's Lab Sept qtr net profit down 9.5% to Rs 13.42 billion
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
JSW Steel and South Korea’s Posco to invest Rs 65,000 cr in 18 MMT steel plant in Odisha
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.