India Inc mourns Ratan Tata's demise
Oct 10, 2024, at 09:33 pm
Mumbai: As Indians from all walks of life mourn the loss of the country’s beloved industrialist Ratan Tata, business leaders have shared heartfelt tributes to the iconic figure, whose life and legacy have left an enduring impact for generations to come.
Gold price rises ahead of US inflation data
Oct 10, 2024, at 06:20 pm
Mumbai/IBNS: Gold prices edged higher in the domestic futures market on Thursday (Oct. 10) morning, ahead of key US inflation data that could shape the Federal Reserve’s future monetary policy decisions.
Shares of Tata Elxsi, TTML, Tata Power jump up to 15% in stock market today
Oct 10, 2024, at 06:09 pm
Mumbai/IBNS: Hours after Ratan Tata's death, Tata Group stocks experienced a surge in buying activity during early trading on Thursday (Oct. 10).
Noel Tata takes centre stage in Tata Group's leadership transition after Ratan Tata's death
Oct 10, 2024, at 05:56 pm
Mumbai/IBNS: The demise of Tata Group chairman Ratan Tata has brought attention to the future leadership of Tata Trusts, where his half-brother, Noel Tata, is emerging as a significant figure, reports said.
TCS to set up IT hub in Vizag; to create 10,000 jobs: Andhra Pradesh minister Nara Lokesh
Oct 10, 2024, at 06:42 am
New Delhi: Andhra Pradesh cabinet minister Nara Lokesh announced on Wednesday that Tata Consultancy Services (TCS) will establish an IT facility in the state, which is expected to employ 10,000 people, news agency PTI reported.
Akasa Air partners with Rolls Royce for engine leasing deal
Oct 10, 2024, at 06:16 am
Mumbai: Akasa Air and Rolls-Royce & Partners Finance Engine Leasing (India) IFSC Pvt Ltd have entered into a partnership to provide a long-term sale and leaseback arrangement for two LEAP-1B engines, with deliveries scheduled for September and October 2024.
Adani Enterprises launches QIP to raise at floor price Rs 3117.47 per share
Oct 10, 2024, at 04:13 am
Mumbai: Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani's conglomerate, launched its Qualified Institutional Placement (QIP) on Wednesday, setting the floor price for the issue at Rs 3,117.4750 per equity share, reflecting a 1.2% discount to the day’s closing price, reported Moneycontrol.
Union Cabinet approves extension of distribution of fortified rice till Dec 2028
Oct 10, 2024, at 03:31 am
New Delhi: The Central government on Wednesday approved the extension of the universal distribution of fortified rice across all its welfare schemes, including the PM Garib Kalyan Anna Yojana (PMGKAY), until December 2028.
Oct 10, 2024, at 02:02 am
Mumbai: The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), in its meeting held from October 7 to 9, announced on Wednesday that the benchmark repo rate will remain steady at 6.5 percent.
Tata Electronics appoints Dr Bobby Mitra as CIO
Oct 09, 2024, at 11:27 pm
Tata Electronics is pleased to announce the appointment of Dr Bobby Mitra as Chief Information Officer (CIO) and President of AI and Digital Transformation.
Oct 09, 2024, at 10:52 pm
Bengaluru: RPG Group Chairman Harsh Goenka took a jab at Ola CEO Bhavish Aggarwal on Tuesday, referencing the recent public spat between Aggarwal and comedian Kunal Kamra.
Varun Beverages shares jump as board approves raising up to Rs 7,500 crore via QIP
Oct 09, 2024, at 08:13 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
Oct 09, 2024, at 08:08 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
Oct 09, 2024, at 07:18 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
Oct 09, 2024, at 07:06 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'
Oct 09, 2024, at 06:43 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
Oct 08, 2024, at 11:41 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
Oct 08, 2024, at 10:37 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.
Oct 08, 2024, at 09:00 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
Oct 08, 2024, at 08:31 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'
Oct 08, 2024, at 07:55 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
Oct 08, 2024, at 07:50 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
Oct 07, 2024, at 11:01 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.
Oct 07, 2024, at 10:52 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.
Oct 07, 2024, at 09:17 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
Oct 07, 2024, at 09:13 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
Oct 07, 2024, at 08:25 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
Oct 05, 2024, at 08:26 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
Oct 05, 2024, at 05:25 am
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
Oct 05, 2024, at 04:59 am
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.