A plea has been filed in the Supreme Court, seeking directions to the Centre and the Securities and Exchange Board of India (SEBI) to submit a detailed report into the stock market crash on the day of election results on June 4, when investors...
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22nd Dec 2024 | Updated at 07:56am 22nd Dec 2024
India poised to be 3rd largest economy by 2030: S&P
India is poised to be the third largest global economy by 2030 but rising population presents mounting challenges in basic service coverage and growing investment needs to maintain productivity, S&P Global Ratings said.
Bajaj Housing Finance shares surge 136% on debut
Shares of Bajaj Housing Finance, one of India's biggest mortgage providers, shot up by as much as 136 per cent to Rs 165 during its trading debut on India's stock exchanges on Monday, after the $782 mn offering drew bids for more than 67 times...
Novelis, a part of Kumar Mangalam Birla’s Hindalco Industries, has decided to postpone its $945-million IPO in the US due to market conditions. It will continue to evaluate the timing of the IPO, the aluminium producer based in Atlanta said.Novelis...
The Saudia Group is keen to pitch its upcoming mega maintenance, repair, and overhaul (MRO) facility to Indian carriers, and has already approached Tata group carrier Air India for the same, a senior executive with the Saudi Arabian aviation...
India’s biggest telecom companies, led by rival billionaires Mukesh Ambani and Sunil Bharti Mittal, are primed to launch satellite internet services as they challenge Elon Musk’s attempts to establish Starlink in the country.
In its second meeting for FY25 and the first after the general elections, the Reserve Bank of India (RBI) announced that the benchmark repo rate will remain unchanged at 6.5 per cent for the eighth consecutive time. The decision was taken by...
Indian stock market hit record high on Monday, with the benchmark Sensex rising above 77,000 and the Nifty 50 scaling above 23,400, amid upbeat sentiment. The positive momentum in the equity market came after Narendra Modi took oath as India’s...
The National Company Law Tribunal (NCLT) approved the merger of Air India and Vistara. The merger has resulted in the creation of one of the world’s largest airline conglomerates. Under the merger deal, Singapore Airlines will own 25.1% stake...
Online payments have grown at a fast phase in recent years but frauds in such transactions have grown faster. Credit card and online frauds have increased 425% to £145.7 mn FY24 from £27.7 mn in the year-ago period. Card and UPI payments rose...
Global rating agency Standard & Poor (S&P) announced a revision in the outlook for the Indian economy from ‘stable’ to ‘positive’, while affirming the overall rating at ‘BBB-’, which represents the lowest investment grade rating. The transfer...
Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in...
