Paytm, Adani Group quash report claiming Gautam Adani stake talks with Vijay Shekhar Sharma
May 29, 2024, at 06:04 pm
New Delhi/IBNS: Both Adani Group and Paytm on Wednesday dismissed recent media reports claiming Gautam Adani was likely in talks with Vijay Shekhar Sharma, the founder chairman and managing director of Paytm's parent company One97 Communications, to acquire stake in the Indian fintech major.
Three Stocks that Look Attractive in Today's Market Environment
May 29, 2024, at 06:01 pm
Large-cap tech stocks often provide a stable yet progressive investment avenue in the dynamic market, known for their solid market position, innovative capabilities, and potential for consistent growth. Even amidst market volatility and economic headwinds, certain tech giants stand out with solid fundamentals, strategic vision, and adaptability that prime them for outperformance. Here are three such large-cap tech stocks that are set to thrive in today's market environment.
Tech entrepreneur Elon Musk's xAI raises USD 6 billion to develop artificial intelligence
May 29, 2024, at 03:04 pm
Entrepreneur Elon Musk's AI startup xAI has raised USD 6 billion in series B funding, a development that might pose a possible challenge to Sam Altman's Open AI.
RBI introduces PRAVAAH portal, Retail Direct mobile app and FinTech Repository
May 29, 2024, at 04:39 am
Mumbai: The Reserve Bank of India (RBI) introduced three important initiatives on Tuesday: the PRAVAAH portal, the RBI Retail Direct mobile application, and the FinTech Repository, previously announced in April 2023, April 2024, and December 2023, respectively.
DoT identifies 600 land parcels and buildings of BSNL, MTNL for direct sale to govt depts
May 29, 2024, at 04:19 am
New Delhi: The Department of Telecommunications (DoT) has identified around 600 land parcels and buildings owned by Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) for direct sale to government departments, public sector undertakings, and government organisations, media reported.
Reliance Industries inks one-year deal with Russia's Rosneft for oil purchase in roubles: Report
May 29, 2024, at 02:44 am
Mumbai: Mukesh Ambani-led Reliance Industries, which operates the world's largest refining plant, has signed a one-year agreement with Russia's Rosneft to purchase at least 3 million barrels of oil monthly in roubles, Reuters reported.
Byju's exploring out-of-court settlements with two of its creditors: Report
May 29, 2024, at 01:58 am
New Delhi: Troubled ed-tech firm Byju's is looking into out-of-court settlements with two of its creditors, Teleperformance and Surfer Technologies, the National Company Law Tribunal (NCLT) was informed on Tuesday, media reported.
Adani Enterprises to raise Rs 16,600 cr via QIP route
May 28, 2024, at 10:58 pm
Mumbai: The board of Adani Enterprises has approved a plan to raise Rs 16,600 crore through the Qualified Institutional Placement (QIP) route, as announced in an exchange filing on Tuesday.
Centre saved over Rs 25,500 cr via TSA and SNA bank accounts
May 28, 2024, at 10:42 pm
New Delhi: The government has saved over Rs 25,500 crore through the treasury savings account (TSA) and single nodal agency (SNA) bank accounts, Finance Minister Nirmala Sitharaman announced on Monday.
RBI imposes Rs. 1 crore penalty on ICICI Bank, fines Yes Bank Rs. 91 lakhs for non-compliance
May 28, 2024, at 09:10 pm
Reserve Bank of India has fined private lenders Yes Bank and ICICI Bank over non-compliance.
May 28, 2024, at 07:57 pm
Mumbai/IBNS: Hyundai Motor Co has also picked major investment banks Kotak Mahindra Capital and Morgan Stanley as its advisors for initial public offering (IPO) of its arm Hyundai Motor India Limited on the domestic bourses, reports said.
Reliance partnering up with Tech Mahindra and Nokia to offer 4G/5G network support in Ghana: Reports
May 28, 2024, at 06:55 pm
Mumbai/IBNS: After touching new heights with 5G network infrastructure in India, Mukesh Ambani, the chairperson of Reliance Industries -- India's most valuable company with a market cap of more than Rs 1989000 crore, is now planning to take his giant-killer telecom playbook to Africa and other continents.
Oil prices rise over 1% ahead of inflation data after downbeat week
May 28, 2024, at 06:26 pm
Houston/IBNS: The prices of crude oil rose over 1 percent in muted trade owing to public holidays in Britain and the United States after a downbeat week characterised by the outlook for US interest rates in the face of sticky inflation, reports said.
Post office's Mahila Samman Saving Certificate scheme: Women will get Rs 2.32 lakh in just two years
May 28, 2024, at 05:54 pm
New Delhi/IBNS: The Government of India has been running many schemes to help the people of the country, especially the women, youth and senior citizens, and most of the government schemes are being operated from the post office.
May 27, 2024, at 10:53 pm
New Delhi/IBNS: India's Gross Domestic Product (GDP) in the fourth quarter of the financial year 2023-24 is projected to have grown between 6.1 percent and 6.7 percent, a decline from the over 8 percent growth rate noticed in the previous three quarters, reports said.
BSE Sensex touches landmark 76,000-mark for first time
May 27, 2024, at 10:42 pm
The BSE benchmark Sensex moved up to touch the landmark 76,000-mark for the first time on Monday.
GAIL installs Green Hydrogen Plant in Madhya Pradesh
May 27, 2024, at 09:27 pm
Marking a major step towards foraying into new and alternate energy and in line with the National Green Hydrogen Mission, GAIL (India) Limited has installed its first Green Hydrogen Plant at GAIL Vijaipur in Madhya Pradesh.
SEBI cracks down on gaming apps offering virtual trading services, fantasy games
May 27, 2024, at 08:41 pm
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI) is cracking down on gaming apps offering virtual trading services and fantasy games based on the movement of real-time share prices of listed companies, which have mushroomed over the past few years in the wake of high retail investor appetite for stock trading, reports said.
Mukesh Ambani sets sight on Africa with new 'affordable' telecom venture in Ghana: Report
May 27, 2024, at 06:53 pm
Mumbai/IBNS: Mukesh Ambani, the chairman and managing director of Reliance Industries, is taking his giant-killer telecom playbook to Africa as the billionaire seeks to focus on mobile broadband customers in the continent.
FPIs pull out net outflow of Rs 22,047 cr from equities in May amid election uncertainty
May 27, 2024, at 06:48 pm
Mumbai/IBNS: Foreign investors have taken out a massive Rs 22,000 crore from Indian equities so far in May, due to uncertainty surrounding the results of the Lok Sabha polls and outperformance of Chinese markets, reports said.
Fintech unicorns BharatPe Group and PhonePe resolve all legal disputes over trademark suffix 'Pe'
May 27, 2024, at 01:59 am
Mumbai: Fintech unicorns BharatPe Group and PhonePe Group have reached a mutually agreeable resolution for all long standing legal disputes in connection with the use of the trademark suffix 'Pe', the companies said in a joint statement, according to media reports.
Maldives may introduce India's RuPay service amid recent diplomatic row
May 26, 2024, at 07:00 pm
Maldives may soon introduce India's RuPay service, a senior minister of the country said recently.
Global Impact Sourcing Award for Talent assessment firm HireMee by IAOP
May 26, 2024, at 12:40 am
Bengaluru: Talent assessment platform HireMee enables equal access to opportunities for small town youth in India by connecting them with employers in pursuit of its vision of India where no talent is unemployed or underemployed’ won the Global Impact Sourcing Award (GISA) from IAOP, the premier global organization dedicated to shaping the future of business.
May 25, 2024, at 08:49 pm
New Delhi/IBNS: Bernstein Research, in its latest India Strategy report, said a tally of around 330-350 seats for the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) government in the ongoing Lok Sabha elections could trigger a short-term rally in stock markets with the benchmark Nifty index breaching the 23,000-mark post-elections.
Flipkart closes $950 mn round with Sundar Pichai-led Google's $350 mn investment at $36 bn valuation
May 25, 2024, at 06:47 pm
Bengaluru/IBNS: American tech titan Google has invested around $350 million in Indian e-commerce giant Flipkart's $950 million round at a valuation of $36 billion, reports said.
May 25, 2024, at 06:17 pm
New Delhi/IBNS: The Indian Ministry of Finance on Friday exuded confidence about the country's economic resilience, amid global conflicts and commodity price spikes, reports said.
Hindalco Industries Q4FY24 PAT grows 32% to Rs 3,174 cr
May 25, 2024, at 06:10 am
Mumbai: Hindalco Industries reported a 31.6 percent year-on-year increase in consolidated net profit for the March quarter, reaching Rs 3,174 crore compared to Rs 2,411 crore a year ago. This growth was driven by robust sales and lower input costs across its business segments.
Torrent Pharmaceuticals Q4FY24 PAT grows 57% to Rs 449 cr
May 25, 2024, at 06:04 am
Mumbai: Torrent Pharmaceuticals Ltd reported a 57 percent increase in its consolidated net profit for the March quarter, reaching Rs 449 crore compared to Rs 287 crore in the same period last year, media reported.
Adani Ports to replace Wipro in BSE Sensex on June 24
May 25, 2024, at 04:54 am
Mumbai: Adani Ports and Special Economic Zone Ltd (APSEZ) will replace Wipro Ltd in the 30-stock blue-chip S&P BSE Sensex starting June 24, according to an announcement made by the index operator on Friday, reported Reuters.
Cochin Shipyard Ltd Q4FY24 PAT jumps Rs 258.88 cr
May 25, 2024, at 03:12 am
New Delhi: State-owned Cochin Shipyard Ltd reported an impressive increase in its consolidated net profit, reaching Rs 258.88 crore for the March 2024 quarter, driven by higher income.