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).
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.
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.
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.
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.
Mumbai/IBNS: To ensure companies follow rules on unpublished price sensitive information (UPSI) thoroughly, the Securities and Exchange Board of India (SEBI) is aiming to expand the list of corporate events that would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.
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.
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).
Bitcoin hits all-time record high over $81,000 as Donald Trump's win turbocharges cryptocurrencies
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.
India set to benefit from Trump's possible tariff hike on Chinese imports: Report
New Delhi/IBNS: After Donald Trump's win in the US presidential election, a report from CareEdge suggests that India might gain from shifts in global trade if Trump proceeds with plans to impose hefty tariffs on Chinese imports.
New Delhi/IBNS: Union Minister Hardeep Singh Puri emphasized that India’s decision to purchase oil from Russia has played a crucial role in preventing global oil prices from escalating even further.
Zinka Logistics sets IPO price range at Rs 259-273, aims to raise Rs 1,114 cr
Mumbai: Zinka Logistics Solutions Ltd has set a price range of Rs 259-273 per share for its initial public offering, opening for subscription on November 13.
Bridgestone India to invest $85 million to boost production, establish tech center in India
Kolkata: Japanese tyre giant Bridgestone Corporation announced a $85 million (around Rs 720 crore) investment to boost production capacity and capabilities at its two Indian plants.
Motherson Sumi Wiring India Q2FY25 net profit drops 3% to Rs 152 cr
Mumbai: Motherson Sumi Wiring India reported a 3% drop in net profit to Rs 152 crore for the quarter ending September 30, 2024, compared to Rs 156 crore in the same period last year.
Tata Motors Q2FY25 net profit falls 11% YoY to Rs 3,343 cr on weak JLR performance
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.