HSBC Holdings appoints Pam Kaur as its first female finance chief
Oct 23, 2024, at 01:41 am
Mumbai: HSBC Holdings appointed insider Pam Kaur as its first female finance chief on Tuesday, replacing Georges Elhedery, who became CEO earlier this year, Reuters reported.
SEBI directs regulated entities to scrap ties with unregistered advisors
Oct 23, 2024, at 01:20 am
Mumbai: Entities regulated by the Securities and Exchange Board of India (Sebi) and their agents have been instructed to sever ties with individuals offering investment advice or recommendations without being registered with the regulator, as well as with those making performance or returns claims without regulatory approval.
Zomato Q2fy25 net profit jumps 389% YoY to Rs 176cr
Oct 22, 2024, at 11:13 pm
Mumbai: Online food delivery giant Zomato Ltd reported a massive 389% year-on-year surge in consolidated net profit for the second quarter of FY25, reaching Rs 176 crore, media reports said.
BSE Sensex tanks over 930 points today
Oct 22, 2024, at 10:54 pm
The BSE Sensex crashed 930.55 to close at 80,220.72 points with heavy selling seen across the board along with weak global cues.
Adani Group's Ambuja Cements to acquire 47% stake in Orient Cement for Rs 8,100 crore
Oct 22, 2024, at 08:31 pm
Ahmedabad/IBNS: Ambuja Cements, a subsidiary of the Adani Group, announced on Tuesday (Oct. 22) the signing of a binding agreement to acquire Orient Cement Ltd (OCL) for Rs 8,100 crore.
Hyundai Motor India shares list at 1.32% over IPO price at Rs 1,934 on NSE
Oct 22, 2024, at 07:40 pm
Mumbai/IBNS: Hyundai Motor India shares had a subdued debut on Tuesday (Oct. 22), listing at a 1.32 percent discount at Rs 1,934 on the NSE, compared to its IPO price of Rs 1,960.
Invested Rs. 10,000 Monthly? This Mutual Fund Grew It to Rs. 5.41 Lakh in Just 3 Years!
Oct 21, 2024, at 09:57 pm
Investing in mutual funds has long been considered a reliable way to grow wealth, especially through the power of compounding and disciplined investment. For those who have been investing Rs. 10,000 monthly in a mutual fund investment, the returns can be quite substantial over time. One example that stands out is the SBI Magnum Benefit Fund Investment Plan, which has shown remarkable growth, turning regular monthly investments into significant returns in just three years. In this article, we'll explore how this fund performed, how mutual fund investments work, and why consistent investing can yield substantial gains.
Foreign institutional investors shift focus to IPOs, sell nearly $10 billion in secondary markets
Oct 21, 2024, at 07:30 pm
New Delhi/IBNS: Foreign institutional investors (FIIs) have offloaded nearly $10 billion worth of shares in the secondary markets in October, despite maintaining investment activity in the primary market amid a surge of IPOs.
MCX Gold rate nears record high of Rs 80,000/10 gm mark, silver prices at fresh peak
Oct 21, 2024, at 07:26 pm
Mumbai/IBNS: Gold and silver prices surged to new record highs in the domestic futures market on Monday (Oct. 21) morning, buoyed by strong spot demand and favourable global trends.
Microsoft-OpenAI 'bromance' frays as tensions rise over funding, staff clashes, and new AI deals
Oct 21, 2024, at 01:46 am
San Francisco: Sam Altman, co-founder of OpenAI, once described the company's partnership with Microsoft as “the best bromance in tech.” However, this relationship is now strained, as Microsoft appears to be hedging its bets, according to a report by the New York Times.
GoM proposes exemption of health insurance premiums, term life cover from GST
Oct 20, 2024, at 05:27 am
New Delhi: The Group of Ministers (GoM) on GST rate rationalisation said on Saturday that health insurance premiums paid by senior citizens, and premiums paid on term life insurance will be exempted from GST, media reports said.
Oct 20, 2024, at 04:59 am
New Delhi: The Group of Ministers (GoM) on GST rate rationalisation has decided to reduce tax rates on 20-litre packaged drinking water bottles, bicycles, and exercise notebooks to 5 percent, while proposing an increase in taxes on high-end wristwatches and shoes, media reports said.
Google search and advertising chief Prabhakar Raghavan steps down as regulatory pressure mounts
Oct 19, 2024, at 09:19 pm
California/IBNS: Google has announced a significant leadership restructuring within the company.
GNCAP, BNCAP ratings: Safest cars to buy this Diwali
Oct 19, 2024, at 09:17 pm
Buying a new car during the festive season is a popular trend in India, with many people looking to fulfill their aspirations of owning a new vehicle.
Oct 19, 2024, at 06:50 pm
New Delhi/IBNS: Economic activity in India continues to be on its dynamic and positive path, albeit at a moderated pace.
Kotak Mahindra Bank to acquire Rs 4,100 cr Standard Chartered Bank India's personal loan book
Oct 19, 2024, at 05:56 am
Mumbai: Kotak Mahindra Bank Limited has announced its acquisition of Standard Chartered Bank India's personal loan portfolio, valued at approximately Rs 4,100 crore as of September 30, 2024.
Mining major Vedanta to invest Rs 1 lakh cr in Odisha
Oct 19, 2024, at 05:25 am
Mumbai: Vedanta, a major player in metals and mining, announced plans on Friday to invest Rs 1 lakh crore in Odisha to establish a 6 million tonne per annum (MTPA) alumina refinery and a 3 MTPA green aluminium plant, media reports said.
Oct 19, 2024, at 04:48 am
Mumbai: JSW Steel on Friday said it will acquire a 100% stake in Thyssenkrupp Electrical Steel India jointly with Japan's JFE Steel Corp for Rs 4,051.4 crore.
Zee Entertainment Enterprises Q2FY25 net profit soars 70% to Rs 209 cr
Oct 19, 2024, at 04:12 am
Mumbai: Zee Entertainment Enterprises (ZEEL) reported a net profit of Rs 209.4 crore for the second quarter of FY25, marking a 70.2% year-on-year (Y-o-Y) increase, driven by cost-cutting measures, media reports said.
Tata Consumer Products Q2FY25 net profit at Rs 359 cr
Oct 19, 2024, at 02:44 am
Mumbai: Tata Consumer Products Ltd reported a flat net profit of Rs 359 crore for the September quarter, media reports said.
Jio Financial Q2FY25 net profit rises 3% YoY to Rs 689 cr
Oct 19, 2024, at 02:36 am
Mumbai: Jio Financial Services Ltd, which was spun off from Reliance Industries Ltd and listed on the stock exchanges last year, reported a year-on-year 3% increase in net profit to Rs 689 crore for the quarter ending September 30, according to media reports.
Ather Energy introduces care service plans for customers
Oct 19, 2024, at 12:07 am
EV major Ather Energy introduced the Ather Care service plans for its customers.
Oct 18, 2024, at 09:33 pm
Mumbai/IBNS: The Reserve Bank of India (RBI) on Thursday (Oct. 17) took action against four Non-Banking Financial Companies (NBFCs), instructing them to cease new loan sanctions and disbursements, while a Morgan Stanley report suggests that more companies in the lending sector could face similar scrutiny.
Byju Raveendran says his edtech startup Byju's, once worth $22 billion, is now 'worth zero'
Oct 18, 2024, at 09:06 pm
Bengaluru/IBNS: Byju Raveendran, founder of the troubled edtech company Byju’s, admitted on Thursday that he had made several mistakes, including misjudging market conditions and overestimating the company's growth potential.
Zomato's upcoming fund raise plan worth Rs 8,500 crore likely to get board nod: Report
Oct 18, 2024, at 08:39 pm
New Delhi/IBNS: Leading Indian multinational restaurant aggregator and food delivery company Zomato is expected to approve a fund raise of Rs 8,500 crore, CNBC-TV18 reported citing insider sources.
Mazagon Dock shares surge over 8.5% as board mulls stock split
Oct 18, 2024, at 08:10 pm
Mumbai/IBNS: Shares of Mazagon Dock Shipbuilders, a major public-sector shipyard under India's Ministry of Defence (MoD), saw a significant rise of nearly 8.7 percent, reaching Rs 4,608 per share on Friday (Oct. 18).
India's growth rate among shiniest in global economy: World Bank president Ajay Banga
Oct 18, 2024, at 07:34 pm
Washington/IBNS: India's economic growth stands out as a bright spot in the global economy, according to World Bank President Ajay Banga, who highlighted that much of this progress is fueled by the domestic market.
Wipro Q2FY25: Net profit jumps 21% YoY to Rs 3,209 cr
Oct 18, 2024, at 06:16 am
Mumbai: Wipro Ltd announced a 21% rise in net profit for the September quarter, reaching Rs 3,209 crore compared to Rs 2,646 crore in the same period last year, media reports said.
Infosys Q2FY25 net profit rises 4.7% YoY Rs 6,606 cr
Oct 18, 2024, at 06:00 am
Mumbai: Infosys, India’s second-largest software exporter, reported a 4.7% year-on-year (YoY) increase in net profit to Rs 6,506 crore for Q2FY25, although this fell short of estimates, media reports said.
Vishal Mega Mart files DRPH to raise Rs 8,000 cr via IPO
Oct 18, 2024, at 05:57 am
Mumbai: Gurugram-based Vishal Mega Mart has filed a draft red herring prospectus (DRHP) with SEBI to raise Rs 8,000 crore through an initial public offering (IPO), media reports said.