Markets bounce back on Reliance Industries surge
New Delhi, Jan 29 - Markets have bounced back strongly after the last two weeks of correction on the back on Reliance Industries which has recorded more than 5% gains in the day so far, says Rahul Sharma , Director, Head - Technical
Rolls-Royce inks pact with Azad Engineering for making complex defence aero-engine components in India
New Delhi, Jan 29 - Rolls-Royce has announced the signing of a long-term agreement with Azad Engineering to manufacture and supply complex components for defence aircraft engines.
Retail loans surge as RBI seeks to stem possible risks
New Delhi, Jan 29 - Indian commercial banks' retail lending has risen faster than loans to large businesses since the COVID-19 pandemic, S&P Global Market Intelligence data showed, underscoring the central bank's concerns about unsecured loans.
US debt stands at a staggering $34 trillion
New Delhi, Jan 28 - The US’ mounting debt structure currently stands at a staggering $34 trillion, according to usdebtclock, Cryptoslate reported.
After Tesla’s stock slide, Magnificent Seven face tests to keep market’s throne
New York, Jan 28 - Tech behemoths will face their next test to keep the market’s throne this week, after a bleak quarter from Tesla sent its stock sliding, media reported
Cheap and idle money moving out of banking system and chasing returns
New Delhi, Jan 28 - Indians have generally been savers and debt on personal balance sheets have generally been restricted to housing debt, vehicle loan or credit cards.
Growth in banks’ credit surpassing deposits: RBI
Mumbai, Jan 27 - The gap between credit and deposit growth of banks as of the first fortnight of January 2024 has widened compared to the last fortnight of September 2023, according to the latest RBI data.
Yes Bank posts 4-fold jump in net profit for Oct-Dec quarter
Mumbai, Jan 27 - Private sector lender Yes Bank on Saturday reported an over 4-fold jump in net profit to Rs 231.6 crore for the Oct-Dec quarter of the current financial year.
Akasa Air orders 300 CFM LEAP-1B engines to power 150 Boeing 737 MAX airplanes
New Delhi, Jan 26 - In conjunction with the state visit of the French President Emmanuel Macron to India, Akasa Air and France origin company, CFM International on Friday announced an agreement to purchase CFM LEAP-1B engines to power 150 Boeing 737 MAX
Tesla shares plunge to wipe out $73 billion in market value
London, Jan 26 - Shares in Tesla plunged as much as 11 per cent after the market opened, wiping $73 billion off the company’s market value hours after it warned of slowing growth in electric car sales and an existential threat from Chinese
Reliance Industries celebrates India’s 75th Republic Day with employees, customers
New Delhi, Jan 25 - Reliance Retail has launched a number of special discount schemes on the occasion of India's 75th Republic Day.
Ola announces ex-Unilever executive Hemant Bakshi as new CEO: Report
New Delhi, Jan 25 - ANI Technologies, the parent company of Ola, has announced Hemant Bakshi, a former executive at Unilever, as the new Chief Executive Officer (CEO) of Ola, according to media reports.
Latest measure of US inflation shows progress toward Fed’s goal
New York, Jan 26 - The last US inflation snapshot for 2023 revealed that the Federal Reserve’s preferred price gauge didn’t budge last month, holding at 2.6 per cent and wrapping up a year in which price hikes slowed while the economy remained
US economy remained shockingly robust in fourth quarter
Washington, Jan 25 - The US economy remained shockingly robust in the fourth quarter to close out a remarkably strong 2023, a media report said.
IndiGo announces direct flight between Dubai and Surat from Feb 23
New Delhi, Jan 25 - IndiGo on Thursday announced direct flights between Dubai and Surat which will operate tri-weekly from February 23.
Bajaj Auto topples M&M as third most valuable auto company in India
Mumbai, Jan 25 - Bajaj Auto has toppled Mahindra & Mahindra (M&M) as the third most valued auto company in the country.
JSW Steel records five-fold jump in Q3 net profit at Rs 2,415 cr
Mumbai, Jan 25 - Billionaire Sajjan Jindal-led JSW Steel on Thursday reported a close to five-fold rise in its net profit for the October-December quarter of the current financial year, driven by robust domestic demand.
Will soon launch Digital India futureLABS, Semiconductor Research Centre: MoS IT
New Delhi, Jan 25 - The Union Government on Thursday announced its plans to launch ‘Digital India futureLABS’ and establish the India Semiconductor Research Centre.
Sensex down 700 points led by slump in Tech Mahindra
New Delhi, Jan 25 - BSE Sensex is down 700 points in morning trade on Thursday led by a slump in Tech Mahindra.
Govt invites bids for setting up Advanced Chemistry Cell making units under PLI scheme
New Delhi, Jan 24 - The Ministry of Heavy Industries on Wednesday announced the re-bidding of production linked incentives (PLI) for 10 GWh Advanced Chemistry Cell (ACC) manufacturing.