Equity market witnesses bloodbath, Sensex drops 1628.01 pts
The equity market witnessed a bloodbath, as the BSE Sensex on Wednesday plunged 1628.01 pts to close at 71,500.76 a single day fall in 16 months on weak global cues.
Finance
Google Pay signs MoU with NPCI to expand UPI outside India
Google India Digital Services (P) Limited and NPCI International Payments Ltd (NIPL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), have signed a Memorandum of Understanding (MoU) to expand the transformative impact of UPI to countries beyond India.
ManipalCigna garners 38 per cent GWP growth in East India in financial year 22-23
Health insurance company ManipalCigna has garnered 38 per cent gross written premium (GWP) growth in East India in the financial year 22-23.
World Economic Forum President Borge Brende expects India will mark 8 percent growth this year
World Economic Forum President Borge Brende feels India will witness an 8 percent growth this year.
Mahindra launches all-Electric XUV400 Pro Range. Know the introductory price now
SUV manufacturer Mahindra & Mahindra Ltd on Monday announced the launch of the XUV400 Pro Range, at an introductory price starting at 15.49 Lakh.
Sensex slips 199 points after touching record high, Nifty ends 65 points below
The BSE Sensex on Tuesday slipped 199.17 pts to settle at 73,128.77 as selling was witnessed in Realty, Power and IT stocks.
World Economic Forum Report says global economic prospects remain subdued and fraught with uncertainty amid ongoing geopolitical rifts, AI advancement
Global economic prospects remain subdued and fraught with uncertainty, according to the latest Chief Economists Outlook released today, as the global economy continues to grapple with headwinds from tight financial conditions, geopolitical rifts and rapid advances in generative artificial intelligence (AI).
Sensex touches lifetime high at 73,327.95 points
The BSE Sensex on Monday ended a life time high at 73,327.95, up 759.49 pts, breaching 73K level for the first time on the strength of Technology, Oil and Gas and Energy stocks.
Oxfam report claims world’s five richest men more than doubled their fortunes from $405 billion to $869 billion since 2020
The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power.
Bandhan Multi Asset Allocation Fund launched for investors seeking a well-rounded
Bandhan Mutual Fund announced the launch of the Bandhan Multi Asset Allocation Fund, an open-ended scheme that enables investment across diverse asset classes including Indian Equities, International Equities, Arbitrage, Fixed Income, Gold and Silver.
India's wholesale inflation rises to 0.73% in December 2023: Govt data
New Delhi/UNI: India's wholesale price index (WPI) based inflation increased to 0.73% in December 2023 from 0.26% in the previous month, data released by the Ministry of Commerce and Industry showed on Monday.
India likely to have 100 million affluent citizens by 2027: Reports
India's affluent class may soon nearly double to touch 100 million people by 2027, as per a report by Goldman Sachs Group Inc.
BMW registers robust electric vehicle sales growth in China: Reports
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Azim Premji turned down Narayana Murthy's job application at Wipro: Report
Bengaluru: Infosys founder NR Narayana Murthy was rejected when he sought employment at Wipro, he revealed in a recent CNBC-TV18 interview.
Tata Consumer Products to buy Fab India owned Organic India for Rs 1,900 cr
Mumbai: Tata Consumer Products Friday announced its plans to acquire a stake of up to 100 percent in Organic India, a business owned by Fabindia.
Tata Consumer Products to acquire Capital Foods, the owner of Ching’s Secret and Smith & Jones brands
Mumbai: Tata Consumer Products on Friday announced its acquisition of a complete 100% stake in Capital Foods, the company that sells products under the brands Ching’s Secret and Smith & Jones, according to an exchange filing.
Alkem Laboratories reports fraudulent transfer of Rs 52 cr due 'cybersecurity incident'
Mumbai: Alkem Laboratories has reported a fraudulent transfer of Rs 52 crores due to a "cybersecurity incident."
United States asks India to ensure laptop import policy does not restrict trade
New Delhi: The United States has called upon India to ensure that the existing end-to-end online system and associated policies governing the import of laptops do not pose trade restrictions in the future, Trade Representative Ambassador Katherine Tai has said.
Budget 2024: Tax relief sought for employers' NPS contributions up to 12% of basic salary
New Delhi: The government should allow tax exemption for the contributions of up to 12 percent of employees' basic salary to the National Pension System (NPS), the chairman of the Pension Fund Regulatory and Development Authority (PFRDA), Deepak Mohanty said on Friday, according to media reports.
Tata Power Renewable Energy to invest Rs 70,000 cr in Gujarat for renewable energy projects
Gandhinagar (Gujarat): Tata Power’s subsidiary Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with the Gujarat government to develop 10,000 MW of renewable energy power projects across multiple sites in Gujarat, according to an exchange filing.
India retail inflation touches four-month-high of 5.69 percent
India's retail inflation touched a four-month-high of 5.69 percent in December, official data released on Friday showed.
Sensex zooms 847.27 pts, touches record-high on the strength of IT, Technology, Oil and Gas and Energy stocks
Extending rally for the fourth consecutive session on Friday, the BSE Sensex zoomed 847.27 pts to close at 72,568.45 on the strength of IT, Technology, Oil and Gas and Energy stocks.
Indian single malt whisky Rampur Asava wins prestigious John Barleycorn Awards
Indian single malt whisky Rampur Asava has been awarded the Best World Whisky in the 2023 edition of the John Barleycorn Awards.
SBI launches Green Rupee Term Deposit. Know who can avail them
The country's largest lender State Bank of India (SBI) has launched the SBI Green Rupee Term Deposit (SGRTD) with the aim of mobilizing funds to support environment-friendly initiatives and projects.
JSW and Coolbrook ink strategic cooperation agreement for industrial electrification technology to drive decarbonisation
Mumbai/Ballari/ Helsinki: JSW Group has entered into a strategic cooperation agreement with Coolbrook, a transformational technology and engineering company headquartered in Finland.
Tata Power's Haldia Power Project achieves record operational excellence
Haldia (West Bengal): Tata Power's Haldia Power plant in West Bengal achieved a plant load factor (PLF) that's 34% higher than the national thermal plant average.
NSDL gets GLEIF accreditation for Legal Entity Identifier issuance in India
Mumbai: National Securities Depository Limited (NSDL) has received accreditation to commence Legal Entity Identifier (LEI) related services from the Global Legal Entity Identifier Foundation (GLEIF) in December 2023, a press release said.
Hiring in the IT sector dropped by 21% in December 2023; AI job offers increase
New Delhi: Hiring in the IT sector declined by 21% in December 2023 as against the same month of 2022 and by 4% as compared to the immediately preceding month of November 2023, revealed the Naukri JobSpeak Index.
Polycab India plunges 22% as I-T dept recovers 'unaccounted sales' of Rs 1,000 crore
Mumbai: Polycab India's shares witnessed a sharp decline of 22 percent in morning trade on January 11 following revelations by the income tax department about the discovery of around Rs 1,000 crore in "unaccounted cash sales" during raids on the company's offices the day before, media reports said.
Reliance was, is and will remain a Gujarati company: Mukesh Ambani at Vibrant Gujarat Global Summit
Gandhinagar/IBNS/UNI: Billionaire industrialist Mukesh Ambani highlighted his roots to the western state of Gujarat, which is also the homestate of Prime Minister Narendra Modi, at the Vibrant Gujarat Global Summit 2024 here on Wednesday.