Sensex falls 89 points, Nifty down by 27.40 pts
Nov 16, 2022, at 08:28 pm
Mumbai/UNI: The BSE Sensex on Wednesday declined 89 points at 61,783.83 in opening trade as selling pressure was seen in FMCG, Financial, Energy and Consumer Discretionary Goods and Services stocks.
Rupee down 40 paise against USD
Nov 16, 2022, at 08:25 pm
Mumbai/UNI: The Rupee on Wednesday dropped 40 paise at 81.49 against the US Dollar on brisk demand for the greenback by bankers and importers, dealers at Foreign Exchange said.
US, Japan & others to mobilise $20 billion to accelerate Indonesia's coal phase-out goals
Nov 16, 2022, at 06:10 am
Sharm el-Sheikh: Several countries, including the US and Japan, have come together to raise $20 billion in public and private finance to help Indonesia close its coal-fired power plants and move coal peak emissions date by seven years to 2030, Reuters reported.
Rich countries stick to coal phase-out timelines as China expands fleet: Report
Nov 16, 2022, at 04:28 am
London/Sharm El-Sheikh: Even as the rich countries continued to adhere to their pledge to phase out coal power despite a paucity of energy in the aftermath of the Ukraine War, the expansion in Coal mining activities by China will hinder the impacts of the closures, according to media reports.
Nov 16, 2022, at 03:10 am
The US has ordered Air India to pay a massive $121.5 million as refunds and $1.4 million as a fine for extreme delays in issuing refunds due to cancellation of flights or changes in flight timings during the time of the Covid-19 pandemic, media reports said.
Meta India public policy chief Rajiv Aggarwal, WhatsApp India head Abhijit Bose resign
Nov 16, 2022, at 02:29 am
New Delhi/IBNS: Two weeks after Facebook India head Ajit Mohan resigned to take up another job with rival platform Snap, Meta's country lead for public policy Rajiv Aggarwal quit on Tuesday.
YES SECURITIES elevates company veterans Amishi Kapadia and Anshul Arzare as Joint MD & CEO
Nov 16, 2022, at 02:10 am
Mumbai: YES SECURITIES (YSL) Tuesday announced the elevation of Amishi Kapadia, Executive Director and Head - Merchant Banking, Anshul Arzare, Executive Director and Chief Business Officer (Wealth Investment Group) as Joint MD & CEO of YSL, according to a press release.
Guaranteed Income Plans: 5 Reasons to Consider Them
Nov 16, 2022, at 01:48 am
Guaranteed Income Plans are a type of life insurance plans that are designed to provide guaranteed income to the policyholders. These plans are intended to provide a steady stream of income for eligible individuals.
Sensex down over 100 pts, Nifty slips by 26.30 points
Nov 15, 2022, at 09:38 pm
Mumbai/UNI: The BSE Sensex on Tuesday fell 121.89 points at 61,502.26 in opening trade as selling pressure was seen in FMCG, Financial, Industrials and Health Care stocks.
Rupee falls 15 paise against USD
Nov 15, 2022, at 07:38 pm
Mumbai/UNI: The Rupee on Tuesday slipped 15 paise at 81.47 against the US Dollar on rising demand for US Dollar by bankers and importers, dealers at Foreign Exchange said.
Nov 15, 2022, at 07:32 pm
Hyderabad/IBNS: Tata Motors and Cummins Inc on Monday partnered to provide solutions in the hydrogen backed commercial vehicle arena in India.
Know-how of Prestige management biggest gain for Ultrafresh: CEO Dhruv Trigunayat
Nov 15, 2022, at 05:39 pm
Ultrafresh Modular Solutions Ltd has been established as an autonomous subsidiary of TTK Prestige with the recent 40 percent stake acquisition. It has over 150 kitchen studios and experience centres across India with about 75 percent of these showrooms being situated in Tier II and Tier III geographies. In an interview with IBNS correspondent Anuradha Dutta, Ultrafresh CEO Dhruv Trigunayat opens up about the synergies across the brands, products, channels, and manufacturing capabilities post the acquisition and the company's roadmap to achieve the top position in the country's modular kitchen space.
Amazon likely to lay off 1000 employees amid losses: Report
Nov 15, 2022, at 05:05 am
Seattle/IBNS: Amazon is likely to lay off thousands of employees and implement cost-cutting measures as the last few quarters haven't been profitable, media reports said.
India’s retail inflation eases to 6.77 pct in October
Nov 15, 2022, at 12:19 am
India’s retail inflation, which is measured by the Consumer Price Index (CPI), eased to 6.77 per cent in October, as per data released by the Indian government on Monday.
India can purchase as much Russian oil it wants, above price cap: US Treasury secy Janet Yellen
Nov 14, 2022, at 11:29 pm
New Delhi/IBNS: The US is happy for India to continue buying as much Russian oil as it wants, till it steers clear of Western Insurance, finance and maritime services, bound by the cap, US Treasury Secretary Janet Yellen said Friday as per a Reuters report.
India's wholesale inflation drops to 8.39 pc in October
Nov 14, 2022, at 09:39 pm
New Delhi: India's wholesale inflation dropped below the double-digit mark to touch 8.39 per cent in October 2022, the lowest print in 19 months, as per government data released on Monday.
Vee Technologies unveils Rs 200 Cr TN expansion plan
Nov 14, 2022, at 08:33 pm
Poolankurchi: IT services firm Vee Technologies has unveiled a Rs 200 crore expansion plan in Tamil Nadu to mark 100 years of the Chettinad family home here.
Nov 14, 2022, at 05:24 am
Kolkata/IBNS: Minister of State for External Affairs and Education Dr Rajkumar Ranjan Singh said India will become a factory and office of the world with the country's Northeast playing a crucial role in the coming days as a gateway to the Southeast Asian region.
Nov 13, 2022, at 11:30 pm
New Delhi: U.S. Treasury Secretary Janet Yellen has said her nation is keen to further deepen economic and trade links with India under its ‘friendshoring’ approach in a bid to reduce supply chain dependence on countries like China.
'RBI committed to bringing inflation down to 4 pc': Shaktikanta Das
Nov 13, 2022, at 07:33 pm
New Delhi: Reserve Bank of India (RBI) Governor Shaktikanta Das Saturday said there is no need to increase the inflation target from 2 to 3 percent even as the Central bank has failed to keep it below the 6 percent upper tolerance level for nine consecutive months, according to media reports.
All India bank strike on Nov 19: AIBEA
Nov 12, 2022, at 11:16 pm
Hyderabad: To oppose the unlawful and unfair actions of the bank managements, and to protest against these attacks, All India Bank Employees' Association (AIBEA) has given the call for a one-day nation-wide strike next Saturday.
ICC organizes its 94th Annual General Meeting
Nov 12, 2022, at 07:46 pm
Kolkata/IBNS: The Indian Chamber of Commerce (ICC) has organised its 94th Annual session to discuss current trends, which can help strengthen global ties.
UGRO Q2FY23: PAT at Rs 5.3 cr, AUM Rs 4,375 cr
Nov 12, 2022, at 05:53 pm
Mumbai: NBFC U GRO Capital Ltd reported a PAT of Rs 12.5 crore in Q2FY23, up 71 percent compared to Rs 7.3 crore in the previous quarter.
BSL Ltd H1FY23: PAT stands at Rs 7.81 cr, revenue at Rs 245.05 cr
Nov 12, 2022, at 05:31 pm
Fabric manufacturer BSL LTD Friday said its Profit After Tax (PAT) in the H1 ended September 30, 2022, stood at Rs 7.81 crores against Rs 6.41 crores in H1FY22.
Delhivery Q2FY23: Loss narrows to Rs 254 cr, revenue up 22 pc to Rs 1,796
Nov 12, 2022, at 06:47 am
Mumbai: Delhivery Ltd (NSE: DELHIVERY, BOM: 543529) Friday said its Loss after Tax in Q2FY23 narrowed to 254 crore from Rs 643 crore in Q2FY22, according to the financial results released by the company.
Nov 12, 2022, at 05:15 am
San Francisco/IBNS: Twitter Inc. suspended the $8 subscription fee program for getting the blue tick provided for verified accounts that it launched earlier this week amid a growing issue of users impersonating major brands, media reports said.
Nov 12, 2022, at 05:11 am
Kolkata/IBNS: Maple Highways, a dedicated India road investment platform created by global investment group CDPQ, Friday announced it has completed the acquisition of the Eastern Peripheral Expressway (EPE) that encircles the National Capital Region (NCR).
ITDC registers H1FY23 PAT of Rs 23.29 cr
Nov 12, 2022, at 02:56 am
Mumbai: Public sector undertaking India Tourism Development Corporation (ITDC) Friday announced a PAT of Rs 23.29 crore in H1FY23 compared to a PAT of Rs 1.86 crore in the corresponding period last financial year.
'80 hours of work per week, no free food, no work from home': Elon Musk warns employees
Nov 12, 2022, at 02:17 am
San Francisco/IBNS: New boss Elon Musk in his first address to Twitter employees warned of bankruptcy if the company doesn't start generating more cash, media reports said.
Indian Market: Sensex zooms 1,181.34 points
Nov 11, 2022, at 10:41 pm
Mumbai: The BSE Sensex on Friday rallied 1,181.34 points to settle below 61K at 61,795.04 on strong global cues after the release of US inflation data in October, raising hopes that inflation has peaked.