Competitive intensity lower for upcoming projects
Mumbai, Jan 30 - Adani Energy Solutions (AESL) feels that the competitive intensity for the Tariff Based Competitive Bidding (TBCB) based projects -- worth Rs 1.1 lakh crore in pipeline -- has ebbed significantly.
Fidelity further marks down Meesho valuation to $3.5 bn
New Delhi, Jan 30 - Global investment firm Fidelity has further marked down the value of its holding in social commerce platform Meesho, to $3.5 billion.
Budget 2024: No major changes expected in taxation relating to the capital market
New Delhi, Jan 30 - Geojit Financial Services Chief Investment Strategist V. K. Vijayakumar said in the near-term, expectations regarding the budget will influence the market.
Apple App Store changes ‘a step in the wrong direction’: Microsoft
San Francisco, Jan 30 - After Epic Games CEO Tim Sweeney and Spotify CEO Daniel Ek, Microsoft has also criticised Apple App Store changes in the EU, calling those "a step in the wrong direction."
Agricultural sector is bedrock of nation’s economy: Economy Review
New Delhi, Jan 29 - The India Economy Review prepared by the Ministry of Finance said that the agricultural sector -- which is estimated to constitute 18 per cent of India's GVA in FY24 -- is the bedrock of nation's economy.
Finance Ministry says Indian economy to grow 7% in FY24
New Delhi, Jan 29 - The Finance Ministry said on Monday that it now appears very likely that the Indian economy will achieve a growth rate at or above 7 per cent for FY24, while some predict it will achieve another year of
Nifty records biggest single-day gain since Dec 4
Mumbai, Jan 29 - Nifty ended the first day of the week with its biggest single-day gain since December 4 with heavyweight Reliance Industries contributing the most to the gains, Deepak Jasani, Head Retail Research at HDFC Securities, said on Tuesday.
Flipkart co-founder Binny Bansal officially exits board
New Delhi, Jan 27 - Flipkart co-founder Binny Bansal has officially exited the e-commerce platform's board after more than 16 years. Sachin Bansal, the other co-founder, left the board in 2018.
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
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.
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.
Apple plans to charge developers who allow to sideload their apps in EU: Report
San Francisco, Jan 25 - Apple is reportedly planning to impose fees and restrictions on developers who offer the ability to sideload their apps in the European Union (EU).
US-based investment firm Fidelity cuts valuation of Pine Labs, Meesho
New Delhi, Jan 25 - Global investment firm Fidelity has marked down the valuation of fintech unicorn Pine Labs and e-commerce company Meesho.
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.
Tata Steel bounces back into profit in Q3 despite challenges in Europe ops
Mumbai, Jan 24 - Tata Steel on Wednesday bounced back with a consolidated net profit of Rs 522.14 crore in the Oct-Dec quarter of the current financial year from a massive Rs 2,501.95 crore loss in the same quarter of the previous fiscal,
Chinese stocks have lost $6 trillion in 3 years
Hong Kong, Jan 23 - Over the past three years, about $6 trillion -- equivalent to roughly twice Britain’s annual economic output -- has been wiped off the value of Chinese and Hong Kong stocks, a media report said.
Real estate, PSU stocks lead slump in broader markets
New Delhi, Jan 23 - Real estate and PSU stocks are the biggest losers in trade on Tuesday as the BSE Sensex slumped below the 71k mark.