Tata Motors Q2FY25 net profit falls 11% YoY to Rs 3,343 cr on weak JLR performance
Nov 09, 2024, at 04:29 am
Mumbai: Tata Motors Ltd. (TML) Q2 FY25 consolidated net profit fell 11% on-year to Rs 3,343 crore, driven by weak performance at its Jaguar Land Rover (JLR) unit and in its commercial vehicles segment.
Air India announces major changes in senior management ahead of merger with Vistara
Nov 09, 2024, at 02:55 am
Mumbai: Air India Group has announced several senior management changes as it prepares for the merger of Air India and Vistara, effective November 12.
Mining major Vedanta Ltd returns back to profit, reports Rs 4,352 cr profit in Q2FY25
Nov 09, 2024, at 01:15 am
Mumbai: Vedanta Ltd, led by billionaire Anil Agarwal, posted a net profit of Rs 4,352 crore for the September quarter, contrasting with a loss of Rs 1,783 crore in the same period last year, largely due to lower taxes.
Swiggy, Zomato flouted competition laws, CCI finds in probe: Report
Nov 09, 2024, at 01:06 am
New Delhi: An investigation by India’s Competition Commission (CCI) found that major food delivery companies Zomato and SoftBank-backed Swiggy violated competition laws through practices that favoured specific restaurants on their platforms, according to confidential CCI documents.
Pre-booking for Maruti Suzuki's 4th Generation Dzire is now open
Nov 08, 2024, at 11:16 pm
Leading passenger vehicle manufacturer Maruti Suzuki India Limited (MSIL) recently commenced bookings for its highly anticipated 4th Generation Dzire.
SBI Q2FY25 net profit grows 28% YoY Rs 18,331 cr; NII at Rs 41,620 cr
Nov 08, 2024, at 10:46 pm
Mumbai: State Bank of India (SBI) reported a substantial profit of Rs 18,331 crore, marking a 28% year-on-year increase and surpassing market expectations. crore.
Global patent filings reach record high driven by surge in applications from India
Nov 08, 2024, at 07:42 pm
Mumbai/IBNS: India’s significant rise in patent filings helped propel global patenting activity to an all-time high in 2023, with the country entering the top ten for the first time.
Swiggy IPO Day 3: Online food delivery giant's Rs 11,300 crore issue gets fully subscribed
Nov 08, 2024, at 07:31 pm
Mumbai/IBNS: Swiggy's IPO was fully subscribed on its final bidding day, Friday (Nov. 8), following a lukewarm response during the first two days of its Rs 11,327.43 crore offering.
Sagility India IPO share allotment expected today
Nov 08, 2024, at 07:26 pm
Mumbai/IBNS: The share allotment for the Sagility India IPO is expected to be finalized later on Friday (Nov. 8).
Mukesh Ambani's Reliance Industries loses over $50 billion in market cap on earnings dismay
Nov 08, 2024, at 07:04 pm
Mumbai/IBNS: Reliance Industries Ltd. has seen a decline of nearly $50 billion (Rs 4.2 lakh crore) in market capitalization since reaching a peak in July, as the Indian conglomerate contends with weaker earnings and a slowing economy, reports Bloomberg.
SaaS major Freshworks announces to lay off over 600 employees despite profits
Nov 08, 2024, at 06:31 pm
California/IBNS: Freshworks, a Nasdaq-listed SaaS (Software-as-a-Service) firm, saw its shares surge over 28 percent following the release of its strong third-quarter results and the announcement of a $400 million share buyback programme.
Swiggy IPO subscribed 35% by day two; GMP signals modest listing gain
Nov 08, 2024, at 05:08 am
Mumbai: Swiggy’s IPO was 35 percent subscribed by the second day of its share sale on November 7.
ED raids multiple locations of top Amazon and Flipkart vendors over alleged FEMA violations: Report
Nov 08, 2024, at 04:44 am
New Delhi: The Enforcement Directorate (ED) carried out multiple searches on Thursday under the Foreign Exchange Management Act (FEMA) at 19 locations in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana), targetting key vendors of Amazon and Flipkart, Reuters reported.
India's Oberoi Group to debut in UK with luxury hotel in London’s Mayfair
Nov 08, 2024, at 04:14 am
New Delhi: Grosvenor and EIH London Investments Ltd on Wednesday said that London's prestigious Mayfair neighbourhood will have the first Oberoi Hotel by the Indian luxury hospitality group in the UK, media reports said.
No revival of Jet Airways as Supreme Court orders liquidation of carrier's assets
Nov 07, 2024, at 10:23 pm
New Delhi: The Supreme Court has ordered the liquidation of Jet Airways’ assets, exercising its special powers under Article 142 to overturn a tribunal's ruling that allowed ownership transfer to the Jalan-Kalrock Consortium (JKC) despite incomplete payment to creditors, media reports said.
Nov 07, 2024, at 07:34 pm
Texas/IBNS: Elon Musk, CEO of Tesla, SpaceX, and X (formerly Twitter), saw his net worth soar by $26.5 billion following Donald Trump’s return to the White House in the 2024 US presidential election.
Bharti Telecom raises stake in Airtel to 40.33%
Nov 07, 2024, at 07:04 am
Bharti Telecom Ltd (BTL), the primary promoter of Bharti Airtel, has raised its stake in the telecom giant to 40.33% by acquiring an additional 1.2% from fellow promoter entity, Indian Continent Investment Ltd (ICIL), through an off-market transaction.
IndiGo co-founder Rakesh Gangwal appointed Chairman of Southwest Airlines
Nov 07, 2024, at 06:23 am
Billionaire and IndiGo co-founder Rakesh Gangwal has been appointed as the Chairman of Southwest Airlines, the U.S.-based carrier announced, media reports said.
Tata Steel returns to profitability with Rs 759 cr profit in Q2FY25
Nov 07, 2024, at 03:24 am
Mumbai: Tata Steel Ltd reported a consolidated net profit of Rs 759 crore for the quarter ending September 30, 2024, marking a return to profitability after incurring a net loss of Rs 6,511 crore in the same period last year, media reported.
October inflation rate likely to exceed September’s 5.5%: RBI Governor
Nov 07, 2024, at 02:31 am
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das cautioned that October's inflation rate is expected to exceed the 5.5% recorded in September.
Deutsche Bank announces fresh capital infusion of Rs 5,113 cr to expand ops in India
Nov 06, 2024, at 10:30 pm
Mumbai: Deutsche Bank on Wednesday announced a fresh capital infusion of Rs 5,113 crore into its India operations—the largest allocation in recent years, media reports said.
Nifty IT surges amid US presidential election results; TCS, Infosys among top gainers
Nov 06, 2024, at 09:16 pm
Mumbai/IBNS: Indian IT stocks posted impressive gains in Wednesday (Nov. 6) morning trade, propelling the Nifty IT sectoral index up by 4 percent, as Donald Trump is all set to win the 2024 US presidential race.
FPIs continue selling spree for 27 consecutive sessions, outflows hit Rs 1.21 lakh crore
Nov 06, 2024, at 08:56 pm
Mumbai/IBNS: Foreign Portfolio Investors (FPIs) continue to reduce their exposure to Indian equities, extending their selling streak to a 27th consecutive session on Tuesday (Nov. 5).
US markets react to Trump 2024 victory: Initial boost fades amid policy uncertainty
Nov 06, 2024, at 08:11 pm
New York/IBNS: In a historic moment that reverberated through the United States and around the world, Donald J. Trump secured a 2024 presidential victory, marking his return to the White House.
US presidential election 2024: Indian markets react to Trump victory
Nov 06, 2024, at 07:21 pm
Mumbai/IBNS: The Indian stock market reacted swiftly to news of Donald Trump securing the 2024 United States presidential race, with initial volatility reflecting both caution and opportunity.
Trump's 2024 presidential victory sends shockwaves through global markets
Nov 06, 2024, at 07:07 pm
New York/IBNS: Donald Trump’s victory in the 2024 US presidential election has sparked immediate reactions across global markets, with investors bracing for the policy shifts expected under his administration.
Swiggy IPO hits market after raising Rs 5,085 crore from anchor investors
Nov 06, 2024, at 06:35 pm
Mumbai/IBNS: India's leading food ordering and delivery company Swiggy on Wednesday (Nov. 6) launched its Rs 11,327.43 crore initial public offering (IPO), after raising Rs 5,085.02 crore from anchor investors the day prior.
Bitcoin hits record high, crosses $75,000 as traders lean towards Trump victory
Nov 06, 2024, at 06:31 pm
New York/IBNS: Bitcoin on Wednesday (Nov. 6) soared to a new all-time high, surpassing $75,000 after early exit polls from the US presidential election indicated a slight advantage for Republican candidate Donald Trump.
Nov 06, 2024, at 06:26 pm
New Delhi/IBNS: The Indian rupee on Wednesday (Nov. 6) hit a record low as preliminary US presidential election results strengthened the dollar and weighed on Asian currencies.
CBDT grants officials authority to waive or reduce interest payments
Nov 06, 2024, at 06:18 am
New Delhi: The income tax department has granted tax officials the authority to waive or reduce the interest payable by taxpayers, provided certain conditions are met, media reports said.