Business News
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09 Nov 2023
Adani PortsAdani Ports's Q2 net profit rises 4% to Rs. 1,748cr
Adani Ports & Special Economic Zone Ltd reported a 4% YoY increase in consolidated net profit at Rs. 1,748 crore for Q3 2023. The firm's operational revenue was up by 28% to Rs. 6,646 crore.
09 Nov 2023
Stock MarketSensex slips over 140 points, Nifty settles below 19,400 mark
On Thursday, the benchmark Sensex and Nifty indices were on a downward trend. Sensex plunged 0.22% to 64,832.20 points, while Nifty fell 0.25% to 19,395.30 points.
09 Nov 2023
SonySony's Q2 profit falls 29% driven by sluggish chips division
Sony's operating profit fell by 29% in the July-September quarter, reaching 263 billion yen ($1.74 billion).
09 Nov 2023
SoftBank GroupSoftBank reports $5.2bn loss in Q3, 4th straight red quarter
SoftBank Group has posted a $5.2 billion net loss for the quarter ending September, marking its fourth straight quarter in the red.
09 Nov 2023
VedantaVedanta taps JPMorgan for advice on its business overhaul
Vedanta Group, led by billionaire Anil Agarwal, has roped in JPMorgan Chase & Co. to advise on its business restructuring announced in September, Bloomberg reported.
09 Nov 2023
GoogleGoogle offered Epic $147mn to bring Fortnite to Play Store
Recently revealed court documents show that Google proposed a whopping $147 million deal to Epic Games, for the launch of the widely popular title Fortnite, on the Google Play Store.
09 Nov 2023
CryptocurrencyCryptocurrency prices: Here are rates of Bitcoin, Ethereum, Shiba Inu
Bitcoin has climbed 3.87% in the past 24 hours, trading at $36,739.46. It is 3.58% higher than last week.
09 Nov 2023
ChinaFalling pork prices push China back into deflation: Here's how
In October, China saw a 0.2% drop in consumer prices, indicating a return to deflation and highlighting the country's difficulties in boosting growth through domestic demand.
09 Nov 2023
Stock MarketLupin's shares reach 52-week high following impressive Q2 earnings
Pharmaceutical giant Lupin saw its shares climb 1.7% and reach a 52-week high of Rs. 1,232.10 on NSE on November 9, following the company's outstanding Q2 FY24 earnings report.
09 Nov 2023
The Walt Disney CompanyTheme parks power Disney's Q4 profit, streaming losses shrink
Walt Disney Co. had a strong Q4 earnings report, mainly driven by its profitable theme parks, which saw a 31% increase in earnings to $1.76 billion.
08 Nov 2023
IndiaIndia eases visa rules for Chinese employees in PLI sectors
India has introduced new regulations to speed up visa processing for Chinese nationals employed in the Production Linked Incentive (PLI) sectors, a government insider told Moneycontrol.
08 Nov 2023
Tata PowerTata Power's Q2 profit rises 8.8% YoY to Rs. 1,017cr
Tata Power has announced an 8.8% year-over-year (YoY) increase in its consolidated net profit for Q2 FY24, reaching Rs. 1,017 crore.
08 Nov 2023
TeslaTesla to import EVs from German Gigafactory to India
Tesla is planning to start its operations in India by directly importing vehicles from its German Gigafactory, reported Moneycontrol citing 'well-informed' sources.
08 Nov 2023
StartupsVC funding declines 40% YoY in October to $625 million
In October 2023, the Indian start-up scene saw a significant decline in venture capital funding, with a nearly 40% drop compared to the previous year.
08 Nov 2023
SwiggySwiggy shortlists 7 investment banks as advisors for 2024 IPO
Swiggy, the major rival of Zomato in the food delivery service has chosen seven investment banks to advise on its much-anticipated initial public offering (IPO) set for 2024, according to Moneycontrol.
08 Nov 2023
Stock MarketEverything you need to know about Diwali Muhurat trading 2023
As the Hindu calendar ushers in Vikram Samvat 2080, stock market investors are gearing up for a prosperous new year.
08 Nov 2023
Stock MarketSensex climbs to 64,975 points, Nifty ends above 19,440 mark
The stock market on Wednesday ended on a sluggish note. The benchmark Sensex settled at 64,975.61 points and the Nifty stood at 19,443.50 points.
08 Nov 2023
IndiaIndia proposes lowering EV import tariffs in UK FTA
India is considering lowering import taxes on select electric vehicles (EVs) from the UK as part of ongoing free trade negotiations between the two countries, Bloomberg reported.
08 Nov 2023
IndiaIndia, Malaysia to broaden trade relations in semiconductors and renewables
India and Malaysia are contemplating a reassessment of their 2011 Comprehensive Economic Cooperation Agreement (CECA).
08 Nov 2023
Stock MarketHPCL share price surges 24% in 9 days: Here's why
In the last nine days, India's Hindustan Petroleum Corporation Limited (HPCL) witnessed a 24% increase in its stock price, with a 7.7% surge coming on Wednesday.
08 Nov 2023
CryptocurrencyCryptocurrency prices today: Check rates of Bitcoin, Ethereum, Solana, XRP
Bitcoin has climbed 1.40% in the past 24 hours to trade at $35,339.38. Compared to last week, it is up 2.50%.
08 Nov 2023
United States of AmericaOil prices struggle to pick up after hitting 3-month low
Oil prices tumbled on Wednesday, slipping to a three-month low. These declines were due to worries about lowered demand in major oil-consuming nations, such as the United States and China.
08 Nov 2023
United States of AmericaUS pours $553mn into Sri Lankan port to counter China
The US International Development Finance Corporation (DFC) has committed $553 million (about Rs. 4,603.4 crore) to finance a port terminal in Colombo, Sri Lanka, which is being developed by Gautam Adani.
07 Nov 2023
Indian Railway Catering and Tourism CorporationIRCTC's Q2 net profit rises 30% to Rs. 295 crore
The Indian Railway Catering and Tourism Corporation (IRCTC) has announced a net profit of Rs. 294.67 crore for Q2 of FY24.
07 Nov 2023
Saudi ArabiaOil prices fall below $80 amid US Fed rate concerns
For the first time in over two months, oil prices have dipped under $80 a barrel.
07 Nov 2023
Stock MarketSensex closes at 64,942 points, Nifty settles above 19,400 mark
On Tuesday, the stock market closed on a flat note, with the Sensex settling at 64,942.4 points and Nifty ending at 19,406.7 points.
07 Nov 2023
IndiaRural revival spurs 9% growth in India's consumer goods sector
The consumer goods sector in India experienced a 9% surge in value during the third quarter, fueled by increased purchasing power in rural regions, as per a NielsenIQ report.
07 Nov 2023
TataTata Group mulling sale of Voltas's home appliances business
Tata Group is said to be contemplating the divestment of its home appliances division within Voltas, where it owns nearly a 30% stake.
07 Nov 2023
IndiaIndian start-up Xpressbees raises $80 million from Ontario Teachers' fund
Indian logistics company Xpressbees has secured $80 million in a recent funding round, led by Ontario Teachers' late-stage venture growth fund.
07 Nov 2023
HuaweiBaidu chooses Huawei AI chips over NVIDIA amid US pressure
Chinese tech giant Baidu has reportedly placed an order for 1,600 artificial intelligence (AI) chips from Huawei this year, reported Reuters citing two unnamed sources familiar with the matter.
07 Nov 2023
Saudi AramcoSaudi Aramco's Q3 profits down 23% amid falling crude prices
Saudi Aramco reported a 23% decrease in net profit for the third quarter, with earnings dropping to $32.6 billion from $42.4 billion in the same period last year.
07 Nov 2023
Supreme Court Of IndiaCentre to request SC for clubbing GST online gaming cases
The Indian government may ask the Supreme Court to club all Goods and Services Tax (GST) online gaming cases, currently in litigation on the grounds of a single principle, reported Moneycontrol.
07 Nov 2023
WeWorkFounder's riches grow as WeWork goes bankrupt: Here's how
WeWork, the co-working giant that once boasted a net worth of nearly $50 billion, filed for Chapter 11 bankruptcy in New Jersey on November 6.
07 Nov 2023
Stock MarketFPIs withdrew nearly Rs. 29,000cr from these sectors in October
In October, foreign portfolio investors (FPIs) pulled out Rs. 28,933 crore from equities in the Indian stock market across eight sectors, as reported by the National Securities Depository Ltd (NSDL).
07 Nov 2023
CryptocurrencyToday's cryptocurrency prices: Check rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has surged 0.14% in the past 24 hours to trade at $34,865.41. It is 1.57% up when compared to last week.
07 Nov 2023
Initial Public Offering (IPO)Mamaearth stock sees muted listing, opens at 1.8% premium
Honasa Consumer, the parent company of Mamaearth, saw a lukewarm debut on the stock market today (November 7).
07 Nov 2023
Initial Public Offering (IPO)Shein aims for $90 billion valuation in US IPO
Shein, the fast-fashion behemoth, is reportedly eyeing a staggering $80-$90 billion valuation for its upcoming US initial public offering (IPO), sources revealed to Bloomberg.
07 Nov 2023
WeWorkCo-working giant WeWork goes bankrupt: Here's what comes next
WeWork, the once highly-valued US start-up backed by SoftBank Group, has filed for bankruptcy protection as it struggles with costly leases and the surge in remote work.
07 Nov 2023
Reliance RetailReliance Retail expands Smart Bazaar stores in small towns
Reliance Retail, the retail arm of Reliance Industries, is growing its Smart Bazaar stores in small towns throughout India, per The Economic Times.
06 Nov 2023
Bajaj FinanceBajaj Finance launches QIP; floor price set at Rs. 7,533.81/share
Bajaj Finance launched its qualified institutional placement (QIP) issue today, setting the floor price at Rs. 7,533.81 per share.
