Tata Motors stock doubles in a year
New Delhi, Dec 29 - Tata Motors stock has doubled in the last one year compared to a little over 19 per cent returns for the Nifty.
Kotak Mahindra Bank shares plunge on GST woes
Mumbai, Dec 29 - Shares of Kotak Mahindra Bank plunged on Friday, a day after an order by the GST authorities issued a demand order to the mid-sized bank to pay pay up Rs 57.2 lakh as tax dues.
Meesho reduces losses to Rs 1,675 cr in FY23, revenue up 77%
New Delhi, Dec 29 - Homegrown social commerce platform Meesho has lowered its losses by 49 per cent to 1,675 crore in FY23 from Rs 3,251 crore in FY22.
We must avoid bubbles through policy, regulation: Uday Kotak
New Delhi, Dec 29 - Founder & Director of Kotak Mahindra Bank Uday Kotak on Friday said that the situation is not comparable at present and we need to keep Japan of the 1980s at the back of our mind.
January is normally a poor month for market
New Delhi, Dec 29 - As 2023 draws to a close, the most significant feature of the year’s rally is the sharp outperformance of the broader market, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
Google agrees to settle Chrome incognito mode lawsuit in US
San Francisco, Dec 29 - Google has agreed to settle a class-action lawsuit in the US over its Chrome browser's incognito mode.
Amazon begins to produce own hydrogen fuel to power vehicles
San Francisco, Dec 29 - Amazon has announced plans to produce hydrogen fuel at its fulfillment centres and has partnered with hydrogen company Plug Power to install the first electrolyser (equipment that can split water molecules to produce hydrogen) at a fulfillment centre
Japan plans regulation to curb Google, Apple app stores dominance
Tokyo, Dec 29 - Japan is reportedly working on a regulation that would require Google and Apple app stores to allow third-party platforms and their billing systems.
SEBI mulls obligation on promoters, directors to provide response to queries on market rumours by listed entity
New Delhi, Dec 28 - SEBI has floated a consultation to seek comments on a proposal to keep material price movement as the criteria to verify market rumors' instead of material event in terms of Regulation 30 of Securities and Exchange Board of
Scheme of arrangement between Tata Consumer, Tata Coffee, TCPL Beverages to be effective Jan 1
New Delhi, Dec 28 - The composite scheme of arrangement amongst Tata Consumer Products Ltd (TCPL), Tata Coffee Ltd (TCL), and TCPL Beverages & Foods Ltd (TBFL) and their respective shareholders and creditors, pursuant to Section 230-232 and other applicable provisions of the
RBI permits ICICI-Pru AMC and ICICI-Pru Life to acquire up to 9.95% stake in RBL Bank
New Delhi, Dec 28 - The Reserve Bank of India (RBI) has given its approval to ICICI Prudential Asset Management Company Limited (I-Pru AMC) and ICICI Prudential Life Insurance Company Limited (I-Pru Life) to acquire “aggregate holding” of up to 9.95 per cent
Brand Tata must be recognisable across all companies: Chandrasekaran
New Delhi, Dec 28 - Brand Tata must be recognizable across all companies, Tata Sons Chairman N. Chandrasekaran's said in a letter to group employees for New Year.
Big 5 tech giants like Apple, Microsoft added $3.9 tn to their stock value this year: Report
New Delhi, Dec 28 - The Big Five tech giants Apple, Microsoft, Alphabet, Amazon and Meta collectively added a whopping $3.9 trillion to their stock value in 2023, the highest figure in the market's history, a new report revealed on Thursday.
Bad loans of banks fall to multi-year low of 0.8%: RBI report
Mumbai, Dec 27 - The net non-performing assets ratio of banks declined to a multi-year low of 0.8 per cent in September 2023, reflecting the strength of the country’s financial sector, according to the RBI’s Financial Stability report.
FB, Insta, YouTube & others collectively made $11 bn in ad revenue from youth: Study
San Francisco, Dec 28 - Social media giants like Facebook, Instagram, Snapchat, TikTok, X (formerly Twitter), and YouTube collectively made nearly $11 billion in advertising revenue from US-based users younger than 18 years of age in 2022, a new study has revealed.
RBI ups weight of SBI, HDFC Bank in too-big-to-fail list
Mumbai, Dec 28 - The Reserve Bank of India has upgraded the weightage of SBI and HDFC Bank on its list of three Domestic Systemically Important Banks (D-SIBs) for 2023 which includes ICICI Bank as well.
Ayodhya airport: A new era in airport excellence
Ayodhya (UP), Dec 29 - The Ayodhya Airport, set to be inaugurated by Prime Minister Narendra Modi on Saturday, marks a new era in Airport excellence and cultural identity, propelling India's growth story skywards.
9 out of top 15 stocks traded on NSE belong to PSU category
Mumbai, Dec 28 - Nifty ended on a record high for the fifth consecutive session on Thursday.
India’s economy is on stable high growth path backed by stronger banks: RBI
Mumbai, Dec 28 - Amidst a challenging global macroeconomic environment, the Indian economy is exhibiting “a quickening growth momentum,” with resilience and financial stability, according to the RBI’s Financial Stability report released on Thursday.
Future of Reliance belongs to Akash, Isha, Anant and their generation: Mukesh Ambani
New Delhi, Dec 28 - Mukesh Ambani, Chairman and Managing Director at Reliance Industries, has said the future of Reliance belongs to Akash, Isha, Anant and their generation.