Bitcoin soars to $71,000 today: what’s fuelling the rally?
Mumbai: Bitcoin (BTC) surged above $71,000 early Tuesday, its highest level since early April, while Ether increased by over 19% to $3,700, media reported.
Finance
Silver prices to maintain bullish trend despite pause on Tuesday
Silver prices fell on Tuesday after reaching a multi-month high in the previous session. The decline was prompted by cautious comments from U.S. Federal Reserve officials and profit-taking by investors, reported fxempire.
Alignment with 4% inflation target may occur in latter part of the year: RBI report
Mumbai: The Reserve Bank of India's (RBI) latest monthly bulletin, released on Thursday, indicates that achieving a sustained alignment of inflation with the 4 percent target may occur in the latter half of the year.
JSW Cement to invest Rs 3,000 cr to establish new integrated cement facility in Rajasthan
Mumbai: JSW Cement announced on Tuesday that it will invest nearly Rs 3,000 crore for a new cement manufacturing plant in the Nagaur district of Rajasthan.
BHEL Q4FY24 net profit drops 26% to Rs 489.62 cr
New Delhi: State-owned Bharat Heavy Electricals Limited (BHEL) on Tuesday reported a consolidated net profit of Rs 489.62 crore for the January-March quarter (Q4) in the financial year 2023-24 (FY24).
5 Top Things to Know About Kotak811 Debit Cards
Managing finances has become easier than before, thanks to the convenience and security offered by debit cards. Among numerous options available around the globe, Kotak811 Debit Cards shine bright, offering a range of features designed to make your financial journey simple and stress-free. Whether you're new to the world of debit cards or already have a Kotak811 Debit Card in your wallet, here are five essential insights to help you understand its full potential.
SEBI revises method to calculate market capitalisation of listed companies
New Delhi: The markets regulator SEBI has revised the method for calculating the market capitalisation of listed companies under the Listing Obligations and Disclosure Requirements (LODR) rules.
Govt asks PSU refiners, RIL to collaborate on negotiating oil-deal with Russia: Report
New Delhi: The government has asked its state-run oil refiners and private company Reliance Industries Ltd. to collaborate on negotiating a long-term supply agreement with Russia, Bloomberg reported.
CCI to bring new set of merger regulations soon
New Delhi/IBNS: Competition Commission of India (CCI)'s chairperson Ravneet Kaur on Monday said that the country's apex national competition regulator will soon come out with a new set of merger regulations, giving effect to competition law amendments enacted last year.
Robust investment and industrial demand fuel silver prices to surge to all-time high
Mumbai/IBNS: Silver prices on Monday (May 20) climbed by 4.66 percent, settling at 95267, fueled by strong investment and industrial demand, reports said.
Akzo Nobel India Q4FY24 PAT grows 14% to Rs 109 cr
Mumbai: Akzo Nobel India reported a 14% year-on-year increase in its fourth-quarter net profit, reaching Rs 108.8 crore.
Amazon's Propel 4 aims to launch 50 Indian startups in global markets in 2024
Kolkata: Amazon India has announced the launch of the fourth season of Propel – a global business accelerator for startups in the consumer products space.
Car Insurance Add-Ons You Should Always Opt When Buying A New Car
When purchasing a new car, ensuring adequate insurance coverage is paramount to protecting your investment and providing financial security in unforeseen events. While standard car insurance policies offer basic coverage, adding add-ons can enhance your protection and provide additional benefits tailored to your needs.
Indian stock markets open today as NSE, BSE hold special trading session
Mumbai/IBNS: Indian stock markets are open today (Saturday, May 18) as both the benchmark indices -- National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) -- are holding a special trading session.
JSW Steel Q4FY24 PAT drops 64% YoY to Rs 1,299 cr
Mumbai: JSW Steel reported a 64% year-on-year (YoY) decline in consolidated net profit for the quarter ended March 2024 to Rs 1,299 crore, compared to Rs 3,664 crore in the same period last year.
Wipro’s Chief Operating Officer Amit Choudhary resigns, Sanjeev Jain to replace him
Mumbai: Indian IT services firm Wipro’s Chief Operating Officer Amit Choudhary has resigned to pursue opportunities outside the organization, according to an exchange filing by the company.
Bandhan Bank Q4FY24 net profit falls 94% to Rs 54.63 cr on higher provisioning, NII up 16% YoY; dividend declared
Mumbai: Private sector lender Bandhan Bank reported a steep decline of over 93 percent in its net profit, which fell to Rs 54.63 crore in the January-March quarter (Q4) of the financial year 2023-24, compared to Rs 808.29 crore in the same period of the previous fiscal year, 2022-23.
India must boost manufacturing to increase share in global value chains: FM Sitharaman
New Delhi: India should intensify manufacturing activities to increase its share in global value chains and attain self-reliance aided by government policies, Finance Minister Nirmala Sitharaman said on Friday.
SpiceJet gets relief as Delhi HC reverses order upholding validity of arbitral award favoring Kalanithi Maran
New Delhi: The Delhi High Court on Friday reversed its previous decision that upheld the arbitral award favouring Kalanithi Maran over low-cost airline SpiceJet, bringing relief to the financially struggling carrier.
Vikram Solar bags 397.7 MWp module supply order for NTPC’s Khavda Solar Project in Gujarat
Kolkata: Solar module manufacturer Vikram Solar has secured a landmark 397.7 MWp module supply order for NTPC Renewable Energy Limited.
Reliance Retail to sell UK's ASOS apparel in India
Mumbai: Reliance Retail has announced a long-term partnership with ASOS, the UK-based premier online fashion retailer catering to people in their twenties.
Market Update: Nifty opens flat, holds above key moving average; bank nifty gains momentum
Mumbai: Nifty opened flat on Friday in line with global cues. After an initial knee-jerk reaction, the index traded in the positive zone and settled at 22,466 levels.
Air India, MedAire collaborate to provide emergency healthcare services to passengers
Tata-owned aviation major Air India has announced its partnership with MedAire, an aviation medical support provider, to ensure emergency healthcare services to its passengers and crew on board its flights.
Report shows global economic growth improves but ‘downsides’ lurk
The global economic picture has improved since January, but vulnerabilities remain, the mid-year update of the World Economic Situation and Prospects report published on Thursday has revealed.
Software firm Zoho to foray into chipmaking, seeks govt incentive: Report
New Delhi: Indian software firm Zoho is considering venturing into chipmaking and is seeking incentives from the central government, Reuters reported citing two sources familiar with the proposal.
VodaIdea net loss widens in Q4FY24; ARPU up 7.6 pc at Rs 146
New Delhi: Vodafone Idea, a leading private sector telecom company with a government stake of 32.2%, recorded a loss of Rs 76,746 million (Rs 7,674.6 crore) in the fourth quarter of the financial year 2023-24, compared to Rs 64,189 million (Rs 6,418.9 crore) in the same period of 2022-23.
Motherson Sumi Wiring India Q4FY24 PAT grows 38% 191 cr
Mumbai: Motherson Sumi Wiring India announced a 38% increase in fourth-quarter profit on Thursday, attributed to robust demand in the automotive sector.
ITI Ltd bags LoIs worth Rs 37.5 cr for Solar Street light Systems in Bihar
Bengaluru/Naini: ITI Limited, the country’s first PSU post-independence and premier telecom manufacturing company has received LoIs worth Rs. 37.5 Crores from Bihar Renewable Energy Development Authority (BREDA) for the installation of Solar Street light Systems.
Indian fintech firm Phone Pe begins its journey in Sri Lanka
Indian fintech major PhonePe on Wednesday it has enabled UPI payment acceptance in collaboration with LankaPay across LankaQR merchant points.
India registers record $778 billion export in 2023-24
New Delhi/IBNS: India registered record exports in the just concluded fiscal year 2023-24 at USD 778 billion, ANI reported, citing sources in the commerce ministry.