Nov 12, 2024, at 09:43 pm
New Delhi/IBNS: Elon Musk's Starlink is making progress with its license application in India, with Telecom Minister Jyotiraditya Scindia confirming on Tuesday (Nov. 12) that the Elon Musk-led company is working to fulfill government-mandated security requirements.
RIL to invest Rs 65,000 crore in Andhra Pradesh for 500 biogas plants
Nov 12, 2024, at 09:11 pm
Mumbai/IBNS: Reliance Industries Ltd (RIL) is gearing up to make its largest investment outside of Gujarat, committing Rs 65,000 crore to construct 500 compressed biogas plants in Andhra Pradesh over the next five years, as reported by The Economic Times.
Elon Musk's Starlink agrees to data security rules, satcom license application back on track: Report
Nov 11, 2024, at 11:03 pm
New Delhi/IBNS: Starlink’s application for an India license is advancing after the satellite broadband provider, led by Elon Musk, agreed to meet India's data localization and security requirements, Moneycontrol reported, citing its sources, on Monday (Nov. 11).
Govt to summon Flipkart, Amazon executives over FDI rules violations: Report
Nov 11, 2024, at 10:49 pm
New Delhi/IBNS: The Indian government is set to summon executives from Flipkart and Amazon as part of an expanded investigation into potential violations of foreign investment regulations, according to a report by Reuters.
Monthly mutual fund SIP inflow hits all-time high, crosses Rs 25,000 crore mark for first-time
Nov 11, 2024, at 10:31 pm
Mumbai/IBNS: Monthly contributions to mutual fund SIPs (Systematic Investment Plans) reached an all-time high of Rs 25,323 crore in October, surpassing September’s figure of Rs 24,509 crore.
Nov 11, 2024, at 09:56 pm
New Delhi/IBNS: Zomato recently introduced a new feature called "Food Rescue" that lets users purchase cancelled food orders at a discount, a move aimed at reducing food waste.
Food Rescue: Zomato introduces new feature to reduce food wastage
Nov 11, 2024, at 09:53 pm
New Delhi/IBNS: India's leading multinational restaurant aggregator and food delivery company Zomato has launched a new feature called "Food Rescue," which allows users to purchase cancelled food orders at a discounted price to help reduce food waste.
Nov 11, 2024, at 09:42 pm
Mumbai/IBNS: To ensure companies follow rules on unpublished price sensitive information (UPSI) thoroughly, the Securities and Exchange Board of India (SEBI) is aiming to expand the list of corporate events that would qualify as UPSI.
Rupee slips to all-time low of 84.38 against US Dollar as Asia FX declines
Nov 11, 2024, at 08:10 pm
Mumbai/IBNS: The Indian rupee hit a record low on Monday (Nov. 11), pressured by concerns over Donald Trump's US presidentiaL election victory that weighed on Asian currencies and ongoing outflows from Indian stocks impacting the local currency.
Nov 11, 2024, at 07:23 pm
Mumbai/IBNS: Today (Monday, Nov. 11) marks the final day of operations for Vistara under its own brand, as the airline will transition to flying as part of Air India starting Tuesday (Nov. 12).
Bitcoin hits all-time record high over $81,000 as Donald Trump's win turbocharges cryptocurrencies
Nov 11, 2024, at 06:47 pm
Mumbai/IBNS: Bitcoin has surged to a new record high, exceeding $81,000, following the election of US President-elect Donald Trump and his perceived support for digital assets, Bloomberg reported.
India set to benefit from Trump's possible tariff hike on Chinese imports: Report
Nov 09, 2024, at 09:44 pm
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
Nov 09, 2024, at 07:44 pm
New Delhi/IBNS: Union Minister Hardeep Singh Puri emphasized that India’s decision to purchase oil from Russia has played a crucial role in preventing global oil prices from escalating even further.
Zinka Logistics sets IPO price range at Rs 259-273, aims to raise Rs 1,114 cr
Nov 09, 2024, at 05:40 am
Mumbai: Zinka Logistics Solutions Ltd has set a price range of Rs 259-273 per share for its initial public offering, opening for subscription on November 13.
Bridgestone India to invest $85 million to boost production, establish tech center in India
Nov 09, 2024, at 05:10 am
Kolkata: Japanese tyre giant Bridgestone Corporation announced a $85 million (around Rs 720 crore) investment to boost production capacity and capabilities at its two Indian plants.
Motherson Sumi Wiring India Q2FY25 net profit drops 3% to Rs 152 cr
Nov 09, 2024, at 04:38 am
Mumbai: Motherson Sumi Wiring India reported a 3% drop in net profit to Rs 152 crore for the quarter ending September 30, 2024, compared to Rs 156 crore in the same period last year.
Tata Motors Q2FY25 net profit falls 11% YoY to Rs 3,343 cr on weak JLR performance
Nov 09, 2024, at 04:29 am
Mumbai: Tata Motors Ltd. (TML) Q2 FY25 consolidated net profit fell 11% on-year to Rs 3,343 crore, driven by weak performance at its Jaguar Land Rover (JLR) unit and in its commercial vehicles segment.
Air India announces major changes in senior management ahead of merger with Vistara
Nov 09, 2024, at 02:55 am
Mumbai: Air India Group has announced several senior management changes as it prepares for the merger of Air India and Vistara, effective November 12.
Mining major Vedanta Ltd returns back to profit, reports Rs 4,352 cr profit in Q2FY25
Nov 09, 2024, at 01:15 am
Mumbai: Vedanta Ltd, led by billionaire Anil Agarwal, posted a net profit of Rs 4,352 crore for the September quarter, contrasting with a loss of Rs 1,783 crore in the same period last year, largely due to lower taxes.
Swiggy, Zomato flouted competition laws, CCI finds in probe: Report
Nov 09, 2024, at 01:06 am
New Delhi: An investigation by India’s Competition Commission (CCI) found that major food delivery companies Zomato and SoftBank-backed Swiggy violated competition laws through practices that favoured specific restaurants on their platforms, according to confidential CCI documents.
Pre-booking for Maruti Suzuki's 4th Generation Dzire is now open
Nov 08, 2024, at 11:16 pm
Leading passenger vehicle manufacturer Maruti Suzuki India Limited (MSIL) recently commenced bookings for its highly anticipated 4th Generation Dzire.
SBI Q2FY25 net profit grows 28% YoY Rs 18,331 cr; NII at Rs 41,620 cr
Nov 08, 2024, at 10:46 pm
Mumbai: State Bank of India (SBI) reported a substantial profit of Rs 18,331 crore, marking a 28% year-on-year increase and surpassing market expectations. crore.
Global patent filings reach record high driven by surge in applications from India
Nov 08, 2024, at 07:42 pm
Mumbai/IBNS: India’s significant rise in patent filings helped propel global patenting activity to an all-time high in 2023, with the country entering the top ten for the first time.
Swiggy IPO Day 3: Online food delivery giant's Rs 11,300 crore issue gets fully subscribed
Nov 08, 2024, at 07:31 pm
Mumbai/IBNS: Swiggy's IPO was fully subscribed on its final bidding day, Friday (Nov. 8), following a lukewarm response during the first two days of its Rs 11,327.43 crore offering.
Sagility India IPO share allotment expected today
Nov 08, 2024, at 07:26 pm
Mumbai/IBNS: The share allotment for the Sagility India IPO is expected to be finalized later on Friday (Nov. 8).
Mukesh Ambani's Reliance Industries loses over $50 billion in market cap on earnings dismay
Nov 08, 2024, at 07:04 pm
Mumbai/IBNS: Reliance Industries Ltd. has seen a decline of nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since reaching a peak in July, as the Indian conglomerate contends with weaker earnings and a slowing economy, reports Bloomberg.
SaaS major Freshworks announces to lay off over 600 employees despite profits
Nov 08, 2024, at 06:31 pm
California/IBNS: Freshworks, a Nasdaq-listed SaaS (Software-as-a-Service) firm, saw its shares surge over 28 percent following the release of its strong third-quarter results and the announcement of a $400 million share buyback programme.
Swiggy IPO subscribed 35% by day two; GMP signals modest listing gain
Nov 08, 2024, at 05:08 am
Mumbai: Swiggy’s IPO was 35 percent subscribed by the second day of its share sale on November 7.
ED raids multiple locations of top Amazon and Flipkart vendors over alleged FEMA violations: Report
Nov 08, 2024, at 04:44 am
New Delhi: The Enforcement Directorate (ED) carried out multiple searches on Thursday under the Foreign Exchange Management Act (FEMA) at 19 locations in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana), targetting key vendors of Amazon and Flipkart, Reuters reported.
India's Oberoi Group to debut in UK with luxury hotel in London’s Mayfair
Nov 08, 2024, at 04:14 am
New Delhi: Grosvenor and EIH London Investments Ltd on Wednesday said that London's prestigious Mayfair neighbourhood will have the first Oberoi Hotel by the Indian luxury hospitality group in the UK, media reports said.