New Delhi: India’s merchandise exports fell after three months in July 2024, down 1.48 percent to $33.98 billion compared to $34.49 in July 2023 on the back of subdued global demand and geopolitical challenges.
Mumbai: India's automobile sector recorded a robust performance in July 2024, driven by strong domestic sales and exports across all vehicle categories.
New Delhi: India's Hindustan Aeronautics Ltd (HAL) reported a 77% surge in first-quarter profit, driven by strong realizations from aircraft manufacturing contracts.
New Delhi: India's wholesale inflation, measured by the Wholesale Price Index (WPI), dropped to a three-month low of 2.04% in July, down from a 16-month high of 3.36% in June, largely due to a significant decrease in food prices.
When multinational global coffeehouse chain Starbucks on Tuesday announced Chipotle Mexican Grill's head Brian Niccol as its new chairman and chief executive officer (CEO), replacing Indian-origin Laxman Narasimhan, the shake-up shifted the focus as much on the rapid firing of CEOs in the US in recent times as on views of a corporate honcho on work-life balance.
Mumbai: Hero MotoCorp reported a standalone net profit of Rs 1,123 crore for the quarter ending June 30, 2024, on Tuesday, reflecting a 36% rise from the Rs 825 crore recorded in the same quarter the previous year.
Kolkata: State-owned miner Coal India Ltd (CIL) has removed all limits on the amount of coal power generation units can procure, allowing plants with fuel supply agreements (FSA) to acquire as much coal as needed.
Seattle (US): Multinational chain of coffeehouses Starbucks on Tuesday announced Chipotle Mexican Grill's head Brian Niccol will be its new chairman and chief executive officer, replacing Laxman Narasimhan.
Mumbai: India’s largest lender the State Bank of India (SBI) plans to finalise a deal by the end of March to sell its 24 percent stake in Yes Bank, valued at Rs 18,420 crore (around $2.2 billion), Reuters reported.
Private lender Bandhan Bank has announced a new bucket of 1 year 9 months at an attractive interest rate of 8.50%.
Mumbai/Kolkata: After remaining tepid for two months, truck rentals across key trunk routes witnessed a rebound in July, according to a report.
Mumbai: India's largest non-banking finance company by market value is planning to raise up to $500 million through offshore borrowing, Bloomberg reported, citing sources who requested anonymity due to the private nature of the talks.
Mumbai/IBNS: India's weight on the MSCI Global Standard index has risen to another record high, which is likely to attract inflows of about $3 billion into its equity markets, reports Reuters.
New Delhi/IBNS: Indian wind energy service provider Inox Wind Ltd has bagged a 51-megawatt (MW) equipment supply order from Chennai-based renewable energy company Everrenew, reports said.
New Delhi/IBNS: India’s inflation fell to a 59-month low of 3.5 percent in July 2024 compared with 5.1 percent in the previous quarter, as a favourbale base helped contain pressures, according to data released on Monday (August 12).
London/IBNS: Bharti Televentures UK Ltd, a wholly owned subsidiary of Bharti Enterprises’s international investment arm Bharti Global, will buy a 24.5 percent stake in British Telecom (BT) Group Plc, the United Kingdom's largest mobile and broadband services provider, the companies said in a statement on Monday (August 12).
Mumbai/IBNS: Tata Motors on Monday (August 12) officially launched bookings for its newly launched electric vehicle, Tata Curvv EV.
Mumbai/IBNS: Shares of recently listed Ola Electric Mobility jumped 20 percent to hit an upper circuit of Rs 109.44 apiece on Monday (August 12), extending gains for a second consecutive session.
New York-headquartered Hindenburg Research on Monday said market regulator Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch's response to the allegations levelled against her includes several admissions that raise numerous “new critical questions.”
NPCI International Payments Limited (NIPL), the international armof National Payments Corporation of India (NPCI), recently announced surpassing 100,000 cross-border Unified Payments Interface (UPI) Person-toMerchant (P2M) transactions in Nepal.
Mumbai: The Adani Group has dismissed the latest report from the US-based short-seller Hindenburg Research, calling it "recycled claims" that had previously been "proven baseless and dismissed by the Supreme Court." The ports-to-power conglomerate stated that the allegations were driven by personal gain, with no regard for facts or the law.
Mumbai: SEBI Chairman Madhabi Puri Buch and her husband Dhaval Buch have firmly dismissed the latest report from Hindenburg Research, labelling it as "baseless allegations and insinuations."
Mumbai: The US-based short-seller firm Hindenburg Research on Saturday claimed that whistleblower documents reveal Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch had an interest in the obscure offshore entities implicated in the "Adani money siphoning scandal."
New Delhi/IBNS: Leading Indian public-sector banks such as UCO Bank, Canara Bank and Bank of Baroda have increased their Marginal Cost of Funds-based Lending Rates (MCLR) in different tenures which will result in higher costs for consumer loans, reports said.
New Delhi/IBNS: Union Finance Minister Nirmala Sitharaman on Saturday (Aug 10) urged banks to focus on ‘core banking’ and to bring in innovative products to mobilise deposits during a meeting with members of the Reserve Bank of India’s (RBI) Central Board of Directors, reports said.
New York/IBNS: American investment research firm Hindenburg Research suggested another major revelation involving an Indian company may be imminent.
New Delhi/IBNS: India is projected to overtake China to become the world's largest two-wheeler nation in CY24, as per Counterpoint Research.
Mumbai/IBNS: Inflow in equity mutual funds slumped 9 percent month-on-month (MoM) to Rs 37,113 crore in July 2024 owing to the drop in fund infusion in large-cap, small- and mid-cap categories, reports said.
Mumbai/IBNS: The Ambani family has topped the inaugural Barclays-Hurun India most valuable family businesses list, with a valuation of Rs 25.75 trillion, which is almost equivalent to 10 percent of India’s Gross Domestic Product (GDP), reports Business Standard, quoting the 2024 Barclays-Hurun India report on the most valuable family businesses in the country.
Mumbai/IBNS: The Life Insurance Corporation of India (LIC) is planning to take the acquisition route to get into the health insurance business, the Times of India (TOI) reported, citing LIC's MD and CEO Siddhartha Mohanty.
