Godrej & Boyce plans to double revenue in next 3 yrs, eyes India’s EV sector growth
Jun 14, 2024, at 03:52 am
Mumbai: Godrej & Boyce on Thursday announced that its motor components business is targeting to double its revenue to Rs 1000 crore within the next three years, with 50% of the revenue coming from India, and the remaining targeted from exports.
The Top Trading Types in India
Jun 13, 2024, at 11:32 pm
Hundreds and thousands of people are interested in trading, whether that's trend trading, day trading, or rather trading in cryptocurrency, securities and futures. These are all exciting avenues to explore, but it's essential to know the actual meaning behind each term and methodology, along with the associated risks and requirements.
SEBI fines former CNBC Awaaz anchor, technical analyst for engaging in fraudulent trading practices
Jun 12, 2024, at 07:13 pm
New Delhi/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, on Tuesday (June 11) imposed a fine of Rs 1 crore each on former CNBC Awaaz markets editor Pradeep Pandya and technical analyst Alpesh Vasanji Furiya for engaging in fraudulent trading practices, reports said.
India's bankruptcy regulator seeks views on cutting red tape to help resolution professionals
Jun 12, 2024, at 05:16 pm
New Delhi/IBNS: India's bankruptcy rule-maker, the Insolvency and Bankruptcy Board of India (IBBI), said that it is planning to reduce the compliance burden of debt resolution professionals so that they can concentrate on stitching together rescue plans for companies under their supervision.
State Bank of India to raise $3 billion via debt in FY2025
Jun 12, 2024, at 05:13 pm
Mumbai/IBNS: India's largest lender State Bank of India (SBI) on Tuesday (June 11) said that its board has approved raising up to $3 billion via debt in the current fiscal year (FY25), reports said.
S&P 500, Nasdaq post all-time closing highs ahead of CPI, Fed decision
Jun 12, 2024, at 05:11 pm
New York/IBNS: The S&P 500 and Nasdaq rose on Tuesday (June 11) to end at all-time highs, reversing early losses as investors prepared for upcoming inflation data and the United States Federal Reserve's policy meeting, reports said.
Reliance Power becomes debt-free company on standalone basis, pays all its debts and dues
Jun 11, 2024, at 08:08 pm
Mumbai/IBNS: Reliance Power, a part of Reliance Anil Dhirubhai Ambani Group, has become a debt-free company on a standalone basis clearing all outstanding debts and dues to lenders, reports said.
Jun 11, 2024, at 07:04 pm
New York/IBNS: Renowned entrepreneur and investor on the popular TV show Shark Tank, Mark Cuban, has revealed how 300 of the 330 employees of his audio streaming service Broadcast.com were turned into millionaires, highlighting the practice of sharing profits with employees following company sales.
IndiGo shares tank 4% as parent InterGlobe Enterprises offloads 2.2%
Jun 11, 2024, at 06:07 pm
New Delhi/IBNS: The shares of India's leading domestic and international passenger airline InterGlobe Aviation Ltd, which does business as IndiGo, slumped by 4 percent after a block deal involving 83.7 lakh shares, representing a 2.2 percent stake in the company, took place on the exchanges, reports said.
Sensex opens in red, Nifty 50 near 23,250
Jun 11, 2024, at 05:42 pm
Mumbai/IBNS: Indian equity benchmark indices -- S&P BSE Sensex and NSE Nifty 50 -- opened in red on Tuesday (June 11) as global cues weighed on market sentiment with the lack of any major trigger for a rally.
Sensex, Nifty 50 hit lifetime highs after Narendra Modi takes oath as PM
Jun 10, 2024, at 05:41 pm
Mumbai/IBNS: Indian stock market hit a fresh lifetime high in early trade on Monday (June 10), with benchmark indices Sensex and Nifty 50 rising above 77,000 and 23,400, respectively, after Narendra Modi took oath as India's Prime Minister for a third consecutive time.
RBI says India's forex reserves hit all-time high of $651.5 billion
Jun 10, 2024, at 12:36 am
The Reserve Bank of India recently said India's forex reserves has moved up to touch USD 4.837 billion to touch a new all-time high of USD 651.51 billion for the week ended May 31.
Jun 09, 2024, at 07:30 pm
Tech entrepreneur Elon Musk on Sunday expressed gratitude to Indian-origin techie Ashok Elluswamy, appointed as the first member of the Tesla autopilot team.
Adani Ports bags 5-year O&M contract of container facility in Kolkata's Syama Prasad Mookerjee Port
Jun 08, 2024, at 09:05 pm
New Delhi/IBNS: Adani Ports and Special Economic Zone Limited (APSEZ) announced that it has received the letter of intent (LOI) for the operation and maintenance (O&M) of the container facility in Kolkata's Syama Prasad Mookerjee Port, reports said.
NCLT gives nod for Vistara-Air India merger
Jun 08, 2024, at 07:01 pm
Chandigarh/IBNS: The National Company Law Tribunal (NCLT), a quasi-judicial body in India that adjudicates issues relating to Indian companies, at Chandigarh has given its nod for a merger between two airline companies -- Air India and Vistara.
Oil prices plunge on deflated US interest rate cut expectations, OPEC+ decision
Jun 08, 2024, at 06:25 pm
New York/IBNS: Oil prices plunged on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest United States jobs data that lowered expectations that the Federal Reserve will cut interest rates soon, reports said.
Chandrababu Naidu's wife earns Rs 584 cr as Heritage Foods stock soars 64% in 5 days
Jun 08, 2024, at 05:41 pm
Mumbai/IBNS: With a 64 percent surge in the last five days, the post-Lok Sabha election results uptrend in Heritage Foods shares is one of the significant stock-specific developments in the Indian stock market.
Nifty Realty Index rises 1.55% as RBI keeps repo rate unchanged
Jun 07, 2024, at 07:42 pm
Mumbai/IBNS: The rate-sensitive Nifty Realty Index on Friday surged over 1.55 percent as the Reserve Bank of India (RBI) kept the repo rate and liquidity stance unchanged during the June 2024 monetary policy review.
Tata Motors launches Altroz Racer
Jun 07, 2024, at 07:36 pm
Indian automobile major Tata Motors on Friday announced the launch of the Altroz Racer - the sporty avatar of the company’s premium hatchback.
RBI keeps lending rate unchanged at 6.5%
Jun 07, 2024, at 03:47 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the key lending rate unchanged at 6.5% in its new monetary policy announced on Friday.
Boeing's Starliner launches its 1st astronaut-crewed space flight on third try
Jun 06, 2024, at 07:31 pm
Washington/IBNS: Boeing on Wednesday successfully lifted off its new Starliner astronaut capsule from Florida in a much-delayed first test flight carrying a crew, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX.
Heritage Foods, other TDP-linked stocks extend record run after Chandrababu Naidu's election triumph
Jun 06, 2024, at 06:09 pm
Mumbai/IBNS: Shares of Telugu Desam Party (TDP)-linked stocks, including Heritage Foods Ltd and Amara Raja Energy & Mobility Ltd, on Thursday (June 6) extended their winning runs for the second straight day on Dalal Street, as the TDP leader N Chandrababu Naidu -- an NDA ally -- is seen playing a key role in the formation of next NDA 3.0 government at Centre.
Election shortfall of Narendra Modi's BJP leaves Wall Street scrambling
Jun 06, 2024, at 05:18 pm
New York/IBNS: A major political setback for Narendra Modi's BJP has business executives in the country furiously making calls, trying to better understand the impact on India’s economy and investment landscape following Modi’s failure to secure a supermajority for his BJP in the lower house of the Parliament.
PM Modi's smaller mandate can slow India's fiscal tightening: Moody's analyst
Jun 06, 2024, at 01:44 am
With Prime Minister Narendra Modi-led National Democratic Alliance getting a smaller mandate in the recently concluded Lok Sabha elections, reforms that could have potentially facilitated aggressive fiscal consolidation might face obstruction, an analyst at Moody's Ratings said on Wednesday.
Volvo Car India surpasses 1000 EV deliveries
Jun 05, 2024, at 10:58 pm
Kolkata/IBNS: Volvo Car India on Wednesday (June 5) announced that the company has crossed the milestone of delivering over 1,000 electric vehicles (EVs).
Adani Group stocks continue to suffer losses, down up to 14%
Jun 05, 2024, at 07:16 pm
Mumbai/IBNS: Adani Enterprises, Adani Ports, Adani Energy Solutions and other Adani Group stocks declined up to 14 percent on Wednesday (June 5), extending their sharp fall from previous session after Lok Sabha election results were declared, reports said.
Sensex, Nifty recover after posting worst day in 4 years as poll verdict anxiety eases
Jun 05, 2024, at 06:01 pm
Mumbai/IBNS: Indian benchmark equity indices recovered on Wednesday (June 5) after posting their worst day in over four years in the previous session as Narendra Modi's BJP and its allies (NDA) secured lesser seats in the Lok Sabha election results declared on Tuesday (June 4).
IATA to hold its AGM in Delhi in 2025
Jun 05, 2024, at 07:26 am
New Delhi: In a show of faith in India's advancing position in global aviation, New Delhi is set to host the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) next year, media reported.
Indian govt 10-yr-bond yields witness biggest surge in 8 months on poll results: Report
Jun 04, 2024, at 09:44 pm
Mumbai: Indian government bond yields experienced a significant increase, particularly the 10-year benchmark bond yield, which recorded its biggest surge in eight months, reported Reuters.
Stocks to invest after Lok Sabha Elections 2024 results: Report
Jun 04, 2024, at 09:11 pm
Mumbai: As all eyes are set on the final results of Lok Sabha elections 2024, market strategists are working on investment plans for investors in the light of likely outcomes.