More From Economy
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Adani Wilmar's Fortune launches TVC campaigns to cherish bond between Indians and home-cooked food
October 18, 2023 18:13 ISTThe brand campaigns have been conceptualised and created by Ogilvy as the value of home-cooked food remains ever-strong even as more people have started venturing to dine out.
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Markets open lower, Sensex down 110 points, Nifty in red at 19,787
October 18, 2023 10:07 ISTThe Bank Nifty index commenced the day at 44,404.20, down slightly by 4.5 points from its previous close. Several sectoral indices showed a mixed trend at the start of trading.
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DS Group explores Rs 2,000 crore deal to acquire Noida's Great India Place Mall: Reports
October 18, 2023 9:06 ISTThe decision to sell the complex has arisen due to its substantial debt burden, which amounts to ₹1000 crore. This transaction is anticipated to invigorate the company's retail expansion ambitions, as indicated by an undisclosed source.
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China sees dip in economic growth at 4.9% in third quarter
October 18, 2023 9:39 ISTEarlier this year, growth was boosted as people flocked to shopping malls and restaurants after nearly three years of 'zero-COVID' restrictions were removed in late 2022. However, growth from the post-pandemic recovery fizzled out sooner than expected.
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Rolls-Royce slashes up to 2,500 jobs in bid to make company more 'streamlined and efficient'
October 17, 2023 19:27 ISTCompany's CEO Tufan Erginbilgic said the layoffs are aimed at making Rolls-Royce "more streamlined and efficient". Earlier in 2020, the company slashed 9,000 jobs globally as it grappled with the collapse of air travel during the pandemic.
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Markets open strong, Nifty surpasses 19,800 mark and Sensex gains 300 points
October 17, 2023 9:37 ISTSensex, the benchmark index of the Bombay Stock Exchange (BSE), joined the upward trajectory, gaining 300 points in early trade.
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Multibagger SME IPO plans dividend, bonus and share buyback program
October 17, 2023 7:45 ISTAccording to a PTI report, the paper industry's total volume in the current financial year is expected to rise 5-7 per cent, similar to the last fiscal. The operating margin will likely remain healthy at 18 to 19 per cent.
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Recycling major plans to evaluate consolidation plan with agri products trading player
October 17, 2023 7:43 ISTThe Ministry of Science's approval aims to create a stronger and larger entity by combining the two firms' expertise, resources, and client bases.
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India third most optimistic market globally, heading in right direction: Ipsos Global Survey
October 16, 2023 23:22 ISTGlobal citizens on the contrary were more pessimistic with only 38% believing their country is moving in the right direction. Notably, India has moved up 5 points in optimism in September from the August wave and global citizens too have moved up by 2 per cent.
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Markets ended lower for third straight day amid weak global equities, rise in Brent crude oil prices
October 16, 2023 18:51 ISTThe 30-share BSE Sensex declined 115. 81 points to settle at 66,166. 93. During the day, it fell 243.36 points to 66,039.38. The Nifty slipped 19.30 points to 19,731.75.
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Stock market opens with stable numbers: Sensex at 66,250, Nifty Above 19,700
October 16, 2023 9:29 ISTThe market seemed to reflect a cautious yet balanced approach from investors on the first trading day of the week.
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Multibagger metal stock reports over 34% rise in Q2 profit
October 16, 2023 8:56 ISTDespite the global steel market's unpredictability, Indian steelmakers are expected to perform well due to increased infrastructure development, urbanization, and favorable policy reforms boosting domestic steel demand.
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Govt gives ultimatum to sugar sector stakeholders, asks them to disclose stocks by October 17
October 15, 2023 19:39 ISTThe Food Ministry observed that many of the legal entities dealing with sugar trade/storage have still not registered themselves on the sugar stock management system, which is a requirement for sugar businesses and storage.
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How first-time home buyers can save tax on buying a property | Check here
October 18, 2023 9:59 ISTThе govеrnmеnt has introduced sеvеral mеasurеs to еncouragе homе ownеrship, making it morе affordablе for first-timе buyеrs.
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Chemical stock looks to drive profitability aided by govt initiative to promote industry
October 15, 2023 12:58 ISTThe Ministry of Chemicals and Fertilizers in a statement said that the portal (charak.chemicals.gov.in) will facilitate the collection of statistics related to various aspects of the chemical sector, such as production, installed capacity, export, import, purchases and sales.
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SAIL plans to begin trial production of special rails by month-end: Chairman Amarendu Prakash
October 15, 2023 12:10 ISTSAIL has set up facilities for the production of HH rails at the new Universal Rail Mill (URM) at its Bhilai Steel Plant (BSP) in Chhattisgarh, and the cold trials for the same have already been completed.
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Multibagger IPO signs MoU as export activities augur well for paper industry
October 15, 2023 11:58 ISTThe government has launched several initiatives to promote the growth of the packaging industry, including the establishment of packaging parks and more.
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Mumbai climbs to 19th, Bengaluru to 22nd position in Knight Frank’s Global Residential Cities Index
October 14, 2023 16:06 ISTKnight Frank Global Residential Cities Index 2023: New Delhi ranked third amongst the Indian cities and 25th globally with residential price appreciation of 4.5 pc YoY in Q2 2023. The city climbed 65 spots from the 90th rank in Q2 2022.
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Vivo PMLA case: Delhi court extends ED custody of all four accused by three days
October 13, 2023 18:56 ISTEarlier on October 10, all four accused were arrested as part of its ongoing investigation against Chinese smartphone maker Vivo under the Prevention of Money Laundering Act (PMLA).
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Sensex, Nifty fall for second day, IT and banking shares weigh
October 13, 2023 16:47 ISTClosing market bell: BSE Midcap declined by 17.11 points or 0.05 pc to 32,305.62 and SmallCap by 13.67 points or 0.04 pc to 38,184.83 in broader market. Key Asian indices declined following losses in the US markets due to a rebound in bond market yields.
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Air India Express to induct 50 new Boeing 737 MAX planes as Tata Group bolsters aviation business
October 13, 2023 15:51 ISTApart from Air India Express-AIX Connect integration, Air India is merging Vistara with itself. India is one of the fastest growing aviation markets in the world and air traffic is also on the rise.
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Retail inflation eases to 3-month low of 5.02 per cent in September due to decrease in food prices
October 12, 2023 19:18 ISTThe inflation has come back to the Reserve Bank's comfort level of below 6 per cent after a gap of two months. The previous low was in June this year when the reading stood at 4.87 per cent.
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Mukesh Ambani reclaims top spot on Forbes India rich list
October 12, 2023 16:25 ISTForbes India rich list: The biggest percentage gainer in 2023 is Inder Jaisinghani at No 32 with $6.4 billion. His family’s net worth nearly doubled as his wires and cables company, Polycab India, benefited from increasing electrification.
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Mukesh Ambani offers prayers at Badrinath Dham with family in Uttarakhand | Watch video
October 12, 2023 15:10 ISTIn 2022, Mukesh Ambani visited Kedarnath and Badrinath Dhams along with his youngest son Anant Ambani's fiancee Radhika Merchant.
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Sensex initiates trade with 60-point gain, Nifty opens at 19,825
October 12, 2023 10:17 ISTLeading Asian indices experienced notable gains, with Japan and South Korea posting increases of at least 0.8%. These positive moves have set MSCI's Asian equity index on a path toward its sixth consecutive day of gains.
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Amid buoyancy in financial sector, multibagger NBFC stock finalises allotment of rights issue
October 12, 2023 7:11 ISTAccording to a BSE filing, the Rights Issue Committee has approved the allotment of over 20 crore fully paid-up Rights Equity shares at a price of Rs 2.40 per Rights Equity share, including a premium of Rs 1.40 per share.
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Centre set to soon announce financial outlay to strengthen sustainable mining in country
October 11, 2023 20:16 ISTUnion Coal Minister Pralhad Joshi emphasised on the importance of the scientific closure of abandoned coal mines. He also said the country's electricity consumption is only one-third of the global average even as it is one of the top five solar power-producing countries globally.
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TCS Q2 results: Net profit rises 8.7% to Rs 11,342
October 11, 2023 18:31 ISTThe company's operating profit during the reporting quarter grew 9.1 percent to Rs 14,483 crore while operating margins widened by 25 bps to 24.3 percent.
Top News
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13 killed after taxi gets crushed by boulders in Himachal Pradesh's Lahaul-Spiti
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Govt sought time till tomorrow to respond to Dharmendra Pradhan's resignation demand, says CJP
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Rahul Gandhi alleges pellet guns were used against CJP protesters, shows injuries of victim
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Modi govt plans tougher law against paper leaks, 3-month trial and Rs 10 crore fine likely
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13 killed after taxi gets crushed by boulders in Himachal Pradesh's Lahaul-Spiti
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Two years of yoga, hours of meditation: How Ranbir Kapoor prepared himself to play Lord Rama
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Living alone in Mumbai cost this IIM graduate over Rs 1.31 lakh in a month. Here's where it all went
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Told to 'go back to India' for wearing a bindi, Indian-American doctor speaks out
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Man carries 7-month-old baby across landslide-hit road in Himachal Pradesh, video goes viral
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Leopard barges into liquor store in Rajasthan, attacks salesman; terrifying CCTV video goes viral
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Delhi Metro video shows group bypassing AFC gates without paying fare