Varun Beverages shares jump as board approves raising up to Rs 7,500 crore via QIP
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: Shares of Varun Beverages surged in Wednesday's (Oct. 9) trading session after the board of the PepsiCo bottler approved a plan to raise Rs 7,500 crore through qualified institutional placement (QIP) to support its growth initiatives and enhance its balance sheet.
US plans to breakup Google in landmark search case: Report
Nov 10, 2024, at 02:58 pm
New York/IBNS: The US government has signaled it may request a judge to order Alphabet's Google to break off parts of its business, such as its Chrome browser and Android operating system, accusing the tech giant of maintaining an illegal monopoly in online search, reports Reuters.
SpiceJet shares soar 8% as airline settles $132 million dispute with 3 lessors for $22.5 million
Nov 10, 2024, at 02:58 pm
New Delhi/IBNS: Shares of SpiceJet Ltd. surged by 8 percent on Wednesday (Oct. 9) after the low-cost airline announced that it had successfully settled its dispute with three of its lessors.
RBI increases UPI 123Pay and UPI Lite limit in MPC meeting
Nov 10, 2024, at 02:58 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) on Wednesday (Oct. 9) announced an increase in the transaction limit for UPI123 Pay from Rs 5,000 to Rs 10,000.
RBI MPC meeting: Central bank keeps repo rate unchanged at 6.5%, stance changed to 'neutral'
Nov 10, 2024, at 02:58 pm
New Delhi/IBNS: The Reserve Bank of India's (RBI) reconstituted Monetary Policy Committee (MPC), which met from October 7 to 9, announced on Wednesday (Oct. 9) that it would keep the benchmark repo rate unchanged at 6.5 percent.
Centre intervenes with Rs 65/kg tomato sales in Delhi amid steep price rise
Nov 10, 2024, at 02:58 pm
New Delhi: The Central government began selling tomatoes at Rs 65 per kilogram across 50 locations in Delhi on Monday in response to skyrocketing prices, which have exceeded Rs 90 per kg in the Delhi-NCR region ahead of the festive season, media reports said.
Vodafone Idea seeks removal of bank guarantee requirements for 2022 spectrum acquisition: Report
Nov 10, 2024, at 02:58 pm
Mumbai: Vodafone Idea (Vi) has said it is currently in discussions with the Department of Telecommunications (DoT) to remove the bank guarantee requirements for spectrum acquired before 2022, as reported by The Economic Times.
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: Hyundai Motor India is gearing up to launch its much-awaited Rs 25,000-crore initial public offering (IPO) next week, with a price range of Rs 1,865 to Rs 1,960 per share, according to a Reuters report citing sources.
Rupee gains 6 paise to reach 83.94 against US Dollar in early trade
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: The rupee strengthened by 6 paise to 83.94 against the US dollar in early trading on Tuesday, aided by a weaker dollar and a decline in crude oil prices.
Tata Motors shares down 3% as UBS keeps 'sell'
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: Tata Motors Limited shares opened weak, falling 3 percent to Rs 901, continuing a downward trend for the second consecutive session after global financial services firm UBS maintained its 'sell' recommendation due to the company's uncertain outlook, reports said.
Ola Electric shares slip 6% following CCPA's show cause notice over surging consumer complaints
Nov 10, 2024, at 02:58 pm
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped 6 percent on Tuesday (Oct. 8), hitting a day's low of Rs 85.21 on the BSE, after the Central Consumer Protection Authority (CCPA) issued a show-cause notice to the Bhavish Aggarwal-led EV company, raising concerns over the increasing number of consumer complaints.
Manish Tiwary to become Nestle India MD after Suresh Narayanan retires on July 31, 2025
Nov 10, 2024, at 02:58 pm
New Delhi/IBNS: FMCG giant Nestle India Ltd on Monday (Oct. 7) announced that its Chairman and Managing Director (CMD), Suresh Narayanan, will retire on July 31, 2025.
Nov 10, 2024, at 02:58 pm
New Delhi/IBNS: The Federation of Automobile Dealers Association (FADA) reported on Monday (Oct. 7) that overall automobile sales in September saw a 9.26 percent decline, with mixed results across various segments.
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: HeidelbergCement India's share price surged 18 percent on Monday (Oct. 7) following reports that the Adani Group is in talks to acquire the company, along with Zuari Cement, from its German parent firm.
RBI unlikely to postpone policy shift despite limited impact of Iran-Israel tensions
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: The growing tensions between Israel and Iran are not expected to prompt the Reserve Bank of India (RBI) to delay its shift in monetary policy, as experts suggest the impact on the economy and crude oil prices remains minimal, reports Moneycontrol.
Ola Electric shares slip over 9% amid spat between CEO Bhavish Aggarwal and comedian Kunal Kamra
Nov 10, 2024, at 02:58 pm
Bengaluru/IBNS: Shares of Ola Electric Mobility dropped by 9.4 percent to Rs 89.7 during Monday's (Oct. 7) intraday trading on the BSE, following a heated exchange between the company's CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter).
New 2024 Nissan Magnite Facelift launched in India at Rs 5.99 lakh
Nov 10, 2024, at 02:58 pm
New Delhi/IBNS: Nissan Motor India on Friday (Oct. 4) introduced the facelifted version of the Magnite in the Indian market, starting at an introductory price of Rs. 5.99 lakh (ex-showroom).
SBI classifies MTNL loan accounts as sub-standard NPA: Report
Nov 10, 2024, at 02:58 pm
Mumbai: State Bank of India has classified the loan accounts of debt-laden state-owned MTNL as sub-standard non-performing assets due to missed payments of instalments and interest since June 30, according to a regulatory filing by the telecom firm, media reports said.
EU to proceed with significant tariffs on Chinese EVs: Report
Nov 10, 2024, at 02:58 pm
Brussels: The European Union plans to proceed with imposing major tariffs on Chinese-made electric vehicles, the EU executive announced on Friday, despite opposition from Germany, the bloc's largest economy, Reuters reported.
India’s Forex reserves reach record high of $704.89 billion
Nov 10, 2024, at 02:58 pm
New Delhi: India's foreign exchange reserves have surged to an all-time high of $704.89 billion, marking an increase of $12.5 billion as of September 27, according to data from the Reserve Bank of India (RBI) released on Friday.
Nov 10, 2024, at 02:58 pm
New Delhi: Troubled-airline SpiceJet deposited provident dues accumulated over the past 10 months, media reports said.
Jawa Yezdi Motorcycles introduces the Striking new Jawa 42 FJ in West Bengal
Nov 10, 2024, at 02:58 pm
Jawa Yezdi Motorcycles (JYM), the pioneers of the 'Neo-Classic' segment in India, on Friday launched the all-new 350 Jawa 42 FJ, the latest member of the Jawa 42 Life series in West Bengal.
Adani Group to supply clean energy for Google's cloud operations in India
Nov 10, 2024, at 02:58 pm
Mumbai: Adani Group announced it will supply clean energy to power Google's cloud services and operations in India, leveraging a new solar-wind hybrid project at its 30 GW Khavda renewable energy park in Gujarat, media reports said.
JSW MG Motor India and Vision Mechatronics unveil India’s first high-voltage second-life battery
Nov 10, 2024, at 02:58 pm
Noida: JSW MG Motor India collaborated with Vision Mechatronics to launch India’s first high-voltage second-life battery, integrated with an indigenous Battery Management System (BMS), media reports said.
Over 1.7 lakh units of Mahindra Thar Roxx booked in just 60 mins
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: Mahindra recently opened bookings for the 5-door Thar Roxx, and within just the first hour, the SUV received an impressive 1,76,218 bookings in India, reports said.
Singapore-based Temasek in talks for $1 billion-plus stake in Haldiram Snacks: Report
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: Temasek Holdings Pte. is in discussions to acquire a minority stake in Haldiram Snacks Pvt Ltd., potentially valuing India’s largest snack producer at approximately $11 billion, Bloomberg reported, citing sources familiar with the matter.
Apple plans four new retail stores in India, announces 'Made in India' iPhone 16 Pro, Pro Max
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: American tech giant Apple is set to open four new retail stores in India and has started manufacturing its iPhone 16 Pro models locally, as part of its effort to strengthen its presence in the world's second-largest smartphone market.
YouTube’s Ishan Chatterjee appointed as JioCinema's chief business officer
Nov 10, 2024, at 02:58 pm
Mumbai/IBNS: JioCinema, the streaming service owned by Reliance Industries Ltd., has named Ishan Chatterjee as its new chief business officer, signaling its intention to further grow its digital offerings.
Union Cabinet approves Chennai Metro Rail Phase-II and Diwali bonuses for railway and port workers
Nov 10, 2024, at 02:58 pm
New Delhi: The Union Cabinet on Thursday approved the Ministry of Housing & Urban Affairs' proposal for the Chennai Metro Rail Project Phase-II, which will cover three corridors at a project cost of Rs 63,246 crore.
Swiggy upsizes IPO to Rs 5,000 cr amid growing competition with Zomato: Report
Nov 10, 2024, at 02:58 pm
Mumbai: Food tech giant Swiggy has received shareholder approval to increase the size of its primary issue for its upcoming IPO from Rs 3,750 crore to Rs 5,000 crore, media reports said.