NSE chief cautions investors on pitfalls of high risk derivatives
New Delhi, Dec 29 - Ashishkumar Chauhan, MD & CEO, National Stock Exchange (NSE) on Friday asked the investors to avoid the pitfalls of high-risk derivatives or frequent trading in stock market.
Pine Labs logs Rs 1,588 cr revenue in FY23, trims losses by 12.3%
New Delhi, Dec 29 (IANS) Leading merchant commerce platform Pine Labs has reached Rs 1,588 crore in revenue in the fiscal year ending March 2023, from Rs 1,017 crore in FY22 which is a 56.15 per cent growth.
Aamir Khan’s sea-facing building to be redeveloped by MICL Group
Mumbai, Dec 29 - Man Infraconstruction Ltd will redevelop a building partly owned by Bollywood mega-star Aamir Khan in the posh Pali Hill area of Bandra west, a statement said here on Friday.
Physics Wallah’s revenue up 3.4x to Rs 798 cr in FY23, expenses grow to Rs 777 cr
New Delhi, Dec 29 - Edtech platform Physics Wallah (PW) on Friday reported a total revenue of Rs 798 crore in FY23, up 3.4 times from the previous financial year.
Govt likely to cut petrol, diesel prices ahead of LS polls
New Delhi, Dec 29 - The government is likely reduce the petrol and diesel prices ahead of the Lok Sabha polls as crude oil prices have also come down in the international market which will enable the oil marketing companies to bear the
Cypherock X1 hardware wallet awarded highest rating by Coin Bureau
New Delhi, Dec 29 - Cypherock, the pioneering web3 security startup, on Friday announced that its groundbreaking product, the Cypherock X1 hardware wallet, has been awarded an exceptional rating of 4.8/5 by Coin Bureau, the foremost influencer in the web3 and blockchain space.
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.