Bitcoin hits all-time record high over $81,000 as Donald Trump's win turbocharges cryptocurrencies
Nov 16, 2024, at 08:52 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.
'Where sky isn't the limit, but just the beginning': Vistara bids goodbye today, with final flights before Air India merger
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).
Rupee slips to all-time low of 84.38 against US Dollar as Asia FX declines
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.
SEBI proposes amendments to Insider Trading and Disclosure Regulations to expand scope of info disclosed by listed companies
Mumbai/IBNS: To ensure companies follow rules on unpublished price sensitive information (UPSI) thoroughly, the Securities and Exchange Board of India (SEBI) is aiming to expand the list of corporate events that would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.
Food Rescue: Zomato introduces new feature to reduce food wastage
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.
Zomato CEO Deepinder Goyal impressed with Bengaluru man's suggestions on X for new feature, offers him job
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.
Monthly mutual fund SIP inflow hits all-time high, crosses Rs 25,000 crore mark for first-time
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.
Govt to summon Flipkart, Amazon executives over FDI rules violations: Report
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.
Elon Musk's Starlink agrees to data security rules, satcom license application back on track: Report
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).
RIL to invest Rs 65,000 crore in Andhra Pradesh for 500 biogas plants
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 in the process of complying with security requirements: Telecom Min Jyotiraditya Scindia
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.
Air India completes merger with Vistara, creating India’s largest full-service carrier
New Delhi/IBNS: The Air India Group has successfully completed the operational integration and legal merger of Air India and Vistara, finalizing a major step in its post-privatization transformation.
Hyundai Motor India's Q2FY25 profit drops 16.5% to Rs 1,338 cr
Mumbai: Hyundai Motor India, India’s second-largest automaker by market share, reported a 16.5% drop in quarterly profit, attributed to weaker domestic sales and export disruptions from Red Sea tensions, Reuters reported.
India's Oct retail inflation peaks 12-month record to 6.2%
New Delhi: India’s retail inflation reached a 14-month peak of 6.2% in October, up from 5.5% in September, driven primarily by escalating food inflation due to rising vegetable prices.
Swiggy hiring top Flipkart, Amazon executives amid expansion plans
Mumbai: Amid expansion plans, food delivery major Swiggy is hiring more executives from e-commerce companies like Walmart-owned Flipkart and Amazon, with at least 12 senior executives from these companies stepping into Swiggy, Moneycontrol reported on Tuesday.
NTPC Green Energy seeks valuation of $12 billion for IPO: Report
Mumbai: NTPC Green Energy Ltd., a subsidiary of state-run NTPC Ltd., is reportedly aiming for a valuation of around $12 billion in what could be one of India’s largest IPOs in the renewable energy sector, Bloomberg reported.
India may consider lowering tariffs on goods that don't impact domestic industry: Sitharaman
New Delhi: In response to U.S. President-elect Donald Trump’s recent remarks labelling India as the ‘biggest’ imposer of import tariffs, Finance Minister Nirmala Sitharaman indicated on Tuesday that she may reconsider increased tariffs on goods that do not impact the domestic industry, media reports said.
Nykaa's Sept qtr consolidated net profit jumps 66% to Rs 13 cr
Mumbai: FSN E-Commerce Ventures, the parent company of the omnichannel beauty and fashion retailer Nykaa, reported a 66% increase in its consolidated net profit for the quarter ending September 2024, reaching Rs 13 crore compared to Rs 7.8 crore in the same quarter last year, media reports said.
ONGC Q2FY25 standalone net profit grows 17% to Rs 11,984 cr
Mumbai: State-owned ONGC reported a 17% rise in standalone net profit for the quarter ending September 2024, reaching Rs 11,984 crore compared to Rs 10,238 crore a year earlier, media reports said.
India’s industrial output rebounds with 3.1% growth in September, driven by manufacturing
New Delhi: India's industrial output increased by 3.1% in September 2024, primarily due to a recovery in manufacturing activity, according to data from the Ministry of Statistics and Programme Implementation.
Market crash: Sensex, Nifty 50 fall for 5th consecutive session; drops over 9% from peak
Mumbai/IBNS: Indian markets continued their downward trend for the fifth consecutive session on Wednesday (Nov. 14) influenced by weak global cues, a strengthening dollar, a depreciating rupee, and persistent foreign investor outflows.
Swiggy shares jump 15% following modest market debut
Mumbai/IBNS: Online food ordering and delivery company Swiggy's shares launched on the National Stock Exchange (NSE) with a 7.69 percent premium on Wednesday (Nov. 13), opening at Rs 420 per share compared to its IPO price of Rs 390.
Hyundai Motor India aims to establish itself as a global production hub amid rising demands
Mumbai/IBNS: Hyundai Motor India is intensifying efforts to establish India as a key production hub for emerging markets, responding to increased domestic and export demand, the company said on Wednesday (Nov. 13).
India’s edible oil imports drop 3.09% to 159.6 lakh tonnes
New Delhi: India’s edible oil imports dropped by 3.09% to 159.6 lakh tonnes in the 2023-24 oil marketing year, primarily due to increased domestic oilseeds production and a decline in demand amid rising prices, according to the Solvent Extractors Association of India (SEA).
Reliance Retail temporarily shuts down Centro stores to focus on in-house brands amid strategic revamp
Mumbai: Reliance Retail is temporarily shutting down several stores in its Centro department chain as part of a strategic repositioning to emphasize its in-house brands and labels, many of which are launched in India under licensing partnerships, The Economic Times reported.
India's automobile industry registers robust growth in October 2024: SIAM report
New Delhi: India’s automotive sector demonstrated resilient growth in October 2024, with total vehicle production reaching 28.83 lakh units, a 9.9% increase from the previous year, according to the latest SIAM report.
India inches closer to non-fossil fuel target as renewable energy capacity crosses 200 GW
New Delhi: India’s total renewable energy capacity has crossed 200 GW (gigawatt), aligning with the country's ambitious renewable energy target of achieving 500 GW from non-fossil sources by 2030.
India's outward FDI grows $3.24 billion in Oct 2024: RBI data
Mumbai: India’s outward foreign direct investment (FDI) commitments reached $3.24 billion in October 2024, rising from $2.55 billion in October 2023. However, on a month-over-month basis, commitments declined from $3.77 billion in September 2024, according to the Reserve Bank of India (RBI).
Bitcoin surges past $93,000 amid Trump's pro-crypto stance
Mumbai/IBNS: Bitcoin surged past $93,000 on Thursday (Nov. 14), hitting a record high as its upward trend gained strength, driven by optimism about potential pro-crypto regulatory policies under President-elect Donald Trump and expectations of further interest rate cuts by the US Federal Reserve.
Piyush Goyal says RBI should definitely cut interest rates; central bank's governor responds
New Delhi/IBNS: Union Commerce Minister Piyush Goyal advocated for an interest rate cut by the Reserve Bank of India (RBI) on Thursday (Nov. 14), emphasizing that food inflation should not be a determining factor in rate decisions.
