Oil prices rise by over $1 as OPEC+ delays output hike
Nov 04, 2024, at 08:23 pm
Beijing/IBNS: Oil prices saw further gains on Monday (Nov. 4), climbing more than $1 following OPEC+'s decision to delay a planned production increase by a month.
Google CEO Sundar Pichai speaks on the proposal of breaking up the tech giant
Nov 04, 2024, at 08:01 pm
California/IBNS: During an earnings call this week, Google CEO Sundar Pichai conveyed confidence in the company’s legal stance while underscoring its commitment to broad accessibility for its products.
Afcons Infrastructure stock surges 8.9% after listing at discount on NSE
Nov 04, 2024, at 07:28 pm
Mumbai/IBNS: Afcons Infrastructure shares rose by 8.9 percent to Rs 463.9 on the NSE following a weak market debut earlier this week.
Apple acquires Lithuanian-based photo editing app Pixelmator
Nov 02, 2024, at 08:43 pm
California/IBNS: Apple has acquired Pixelmator, the Lithuanian-based company behind popular image editing apps like Pixelmator, Pixelmator Pro, and Photomator.
Adani Power cuts electricity supply to crisis-hit Bangladesh over unpaid bills: Report
Nov 02, 2024, at 08:22 pm
Dhaka/New Delhi/IBNS: Adani Power Jharkhand Limited (APJL), a branch of Adani Power, has significantly reduced its electricity supply to Bangladesh due to unpaid bills totaling $846 million, as reported by Bangladesh's The Daily Star on Friday (Nov. 2).
US court allows Twitter's ex-CEO Parag Agrawal, other dismissed execs to sue Elon Musk for severance
Nov 02, 2024, at 07:52 pm
California/IBNS: A US District Court judge in California has ruled that former Twitter executives, including ex-CEO Parag Agrawal, may proceed with a lawsuit against Elon Musk for severance pay, Bloomberg reported on Saturday (Nov. 2).
Google India's FY24 PAT stood at Rs 1,424.9 cr
Nov 02, 2024, at 05:47 am
Mumbai: Google India's profit after tax (PAT) in fiscal year 2023-24 stood at Rs 1,424.9 crore, according to documents released by Tofler on Friday.
October witnesses jump in electronic two-wheeler sales; Ola, TVS, Bajaj top three performers
Nov 02, 2024, at 05:21 am
New Delhi: The domestic electric two-wheeler (E2W) market saw a nearly 54% month-on-month (MoM) growth in October, fuelled by discount offers, festive season promotions, price cuts, and the release of new variants by industry players, media reports said.
Maruti Suzuki and Mahindra post record sales in October on festive demand surge
Nov 02, 2024, at 04:02 am
Mumbai: Indian automakers Maruti Suzuki India (MSI) and Mahindra & Mahindra (M&M) reported record monthly sales in October, fuelled by festive season demand.
India leads global growth with robust investment and consumption: IMF Report
Nov 02, 2024, at 03:18 am
New Delhi: India continues to lead as the world’s fastest-growing economy, driven by strong investment and private consumption, according to the International Monetary Fund's (IMF) Asia-Pacific Regional Economic Outlook released on Friday.
Partha Pratim Sengupta joins as new MD&CEO of Bandhan Bank
Nov 01, 2024, at 11:53 pm
Kolkata: Partha Pratim Sengupta assumed charge as new MD&CEO of private lender Bandhan Bank with effect from Friday, the lender said.
GST collection hits six-month high at Rs 1.87 lakh crore, up 8.9% in Oct
Nov 01, 2024, at 11:39 pm
New Delhi/IBNS: Goods and Services Tax (GST) collections reached a six-month peak of Rs 1.87 lakh crore in October, surpassing the Rs 1.7 lakh crore mark for the eighth straight month, according to data released on Friday (Nov. 1).
Nov 01, 2024, at 11:34 pm
New Delhi/IBNS: Starting November 1, 2024, a series of updates will bring significant changes across India, impacting everything from financial transactions to daily services.
Jet fuel prices rise 3.3%, fourth straight hike for commercial LPG in line with global trends
Nov 01, 2024, at 11:23 pm
New Delhi: The price of jet fuel, or aviation turbine fuel (ATF), rose by 3.3% on Friday, while commercial LPG prices used in the hospitality sector increased by Rs 62 per 19-kg cylinder, reflecting adjustments to align with global oil price trends, media report said.
Tim Cook confirms plans to open four new Apple stores in India
Nov 01, 2024, at 11:16 pm
California/IBNS: Apple CEO Tim Cook has announced plans to open four additional Apple Stores in India, following record-breaking quarterly revenue for the third quarter of 2024.
Nov 01, 2024, at 10:08 pm
Union Minister of Commerce and Industry Piyush Goyal successfully concluded his visit to Saudi Arabia during which he participated in the Plenary Session of the 8th Edition of Future Investment Initiative (FII).
PM Economic Advisory Council chairman Bibek Debroy passes away at 69
Nov 01, 2024, at 04:35 pm
New Delhi/IBNS: Bibek Debroy, the chairman of the Economic Advisory Council to the Prime Minister, passed away at the age of 69 on Friday, media reports said.
PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report
Oct 31, 2024, at 08:28 pm
Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.
India shines in gold purchases, outpaces China by 51% in 3 months
Oct 31, 2024, at 08:25 pm
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO
Oct 31, 2024, at 07:44 pm
Mumbai/IBNS: HDFC Bank announced on Thursday (Oct. 31) that its non-banking financial arm HDB Financial Services filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a potential IPO of up to Rs 12,500 crore (approximately $1.49 billion).
Swiggy IPO gets bids worth more than $15 billion from Norges, Fidelity, other big investors: Report
Oct 31, 2024, at 07:09 pm
Bengaluru/IBNS: Major investors, including Norway’s sovereign wealth fund Norges and Fidelity, have placed bids exceeding $15 billion for Swiggy’s IPO, which is set to be launched next week, Reuters reported, citing its sources on Thursday (Oct. 31).
Oct 31, 2024, at 05:15 am
Mumbai: Aditya Birla Capital Ltd (ABCL) reported a remarkable 42% year-on-year increase in consolidated net profit for Q2 FY25, reaching Rs 1,001 crore, driven by strong growth in its lending and insurance sectors.
Sunil Mittal's Bharti Telecom to raise Rs 8,500 cr via domestic bond market: Report
Oct 31, 2024, at 04:55 am
Mumbai: Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise approximately Rs 8,500 crore (around $1.01 billion) in the domestic bond market, reported Bloomberg.
Welspun Enterprises Q2FY25 profit drops 11% YoY to Rs 61.56%
Oct 31, 2024, at 04:44 am
Mumbai: Welspun Enterprises has reported around 11 percent fall in consolidated net profit at Rs 61.56 crore for September quarter FY25 on account of higher expenses.
P&G Hygiene Q2FY25 profit rises marginally to Rs 212 cr
Oct 31, 2024, at 03:54 am
Mumbai: Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a slight increase of 0.57% in profit after tax, to Rs 211.90 crore for the first quarter ended September 2024, media reports said.
Oct 31, 2024, at 03:46 am
São Paulo/ Mumbai: Tata Consultancy Services (TCS) has entered a 10-year strategic partnership with Insper, a prominent Brazilian higher education and research institution, aimed at accelerating industry innovation for TCS clients in South America through advanced technologies like AI, GenAI, IoT, and spatial computing.
Ola Electric expands service nationwide by more than 30%
Oct 31, 2024, at 02:23 am
Bengaluru: Ola Electric, India’s largest e-scooter manufacturer, has boosted service centre capacity nationwide by more than 30% to improve its after-sales service, media reports said.
India’s H1 fiscal deficit at Rs 4.75 lakh crore, narrows to 29.4% of FY25 target
Oct 31, 2024, at 01:51 am
New Delhi: India’s fiscal deficit for the first half of the current fiscal year, ending in September, reached Rs 4.75 lakh crore, or 29.4% of the Budget Estimate (BE), according to the Controller General of Accounts (CGA) data released today.
JSW Energy outbids Adani Group and NTPC in race for KSK Mahanadi Power Company
Oct 30, 2024, at 11:39 pm
Mumbai: JSW Energy, part of the Sajjan Jindal-led conglomerate, has emerged as the highest bidder for the bankrupt KSK Mahanadi Power Company, according to a company filing on Tuesday.
Dabur Q2FY25 net profit jumps 18% to Rs 417.52 cr
Oct 30, 2024, at 11:18 pm
Mumbai: Dabur India Ltd, a leading Indian FMCG company, reported a 17.65% drop in consolidated net profit, reaching Rs 417.52 crore for the September 2024 quarter.