New Delhi/IBNS: India's manufacturing sector slowed to an eight-month low in September as factory output and sales growth decelerated, and international orders saw their weakest rise in 18 months, according to a private survey released on Tuesday (Oct. 1).
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Mumbai/IBNS: The Shapoorji Pallonji (SP) Group is considering increasing the size of the initial public offering (IPO) for Afcons Infrastructure Ltd, with the aim of raising between Rs 8,000 and Rs 8,500 crore due to strong interest from institutional investors, Moneycontrol reported, citing people familiar with the matter.
California/IBNS: Sony Pictures Entertainment (SPE) revealed on Tuesday (Oct. 1) that its Chairman and CEO, Tony Vinciquerra, will step down from his position on January 2, 2025, and Ravi Ahuja, the current Chief Operating Officer (COO), who has been with SPE since 2021, will take over as the new CEO.
New Delhi/IBNS: Ahead of the festive season, the Indian oil marketing companies have implemented a price hike for commercial LPG gas cylinders, with the new rates taking effect on Tuesday (Oct. 1).
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI), the regulatory body for securities and commodity market in the country, has raised objections to companies using proceeds from share sales to repay loans taken from promoters or promoter entities, Moneycontrol reported, citing sources familiar with the matter.
California/IBNS: Meta CEO Mark Zuckerberg has officially entered the elite $200 billion net worth club, marking a major achievement in his financial trajectory.
New Delhi/IBNS: Indian fintech company BharatPe announced on Monday (Sept. 30) that it had reached a settlement with its former co-founder Ashneer Grover, formally ending his association with the company.
Mumbai/IBNS: Stock market investors faced a significant loss of nearly Rs 3 lakh crore as Indian benchmark indices took a sharp hit following a weak start to Monday’s (Sept. 30) trading session.
NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI).
New York/IBNS: Nobel laureate and chief adviser to Bangladesh's interim government, Muhammad Yunus, acknowledged that the ousting of Sheikh Hasina as the Bangladeshi Prime Minister was part of a carefully orchestrated "design and conspiracy."
New Delhi/IBNS: Zomato co-founder and Chief People Officer (CPO) Akriti Chopra has resigned from her position, ending a 13-year tenure with the company, reports said.
Mumbai/IBNS: Mumbai-headquartered private sector lender IDFC First Bank announced on Friday (Sept. 27) the successful completion of its merger with IDFC Limited, following all necessary shareholder and regulatory approvals, reports said.
New Delhi/IBNS: Leading public sector lender Punjab National Bank (PNB) announced on Friday (Sept. 27) that it has raised Rs 5,000 crore through a Qualified Institutional Placement (QIP).
India topped the global IPO market, with 227 transactions totaling $12.2 billion in the first eight months of 2024, as per data shared by Global Data.
Mumbai: India has made significant progress in infrastructure over the past decade, but more needs to be done in other sectors to enhance local manufacturing and job creation, former RBI Governor Raghuram Rajan said on Thursday.
Mumbai: UBS is in discussions to establish an Indian wealth management joint venture with Mumbai-based 360 One WAM, Reuters reported.
New Delhi: India will not purchase liquefied natural gas (LNG) from Russia's Arctic LNG 2 project, which is under Western sanctions, Reuters reported, citing Oil Secretary Pankaj Jain, who confirmed the development on Friday.
GQG Partners, the asset management firm founded by Rajiv Jain, has agreed to pay $500,000 to resolve allegations brought by the US Securities and Exchange Commission (SEC) regarding violations of whistleblower protection rules, media reports said.
Mumbai/IBNS: Shares of mining giant Vedanta continued their impressive rally on Friday (Sept. 27), marking gains for the fifth consecutive trading session.
Mumbai/IBNS: Gold prices rose slightly in the domestic futures market on Friday (Sept. 27) morning, following positive global trends as investors awaited the release of the US core personal consumption expenditures (PCE) price index data later in the day, reports said.
California/IBNS: Intel and the US government are expected to finalize $8.5 billion in direct funding for the chipmaker by the end of the year, the Financial Times reported, citing sources familiar with the matter.
Mumbai/IBNS: Shares of Tata Power Company surged to a new all-time high of Rs 494.85 on the NSE after Morgan Stanley upgraded its rating on the stock from 'underweight' to 'overweight.'
Mumbai/IBNS: Shares of budget airline SpiceJet surged on Friday (Sept. 27) following the announcement that the low-cost carrier has cleared its Goods and Services Tax (GST) dues amounting to approximately Rs 71 crore.
Star Health Insurance has filed a lawsuit against the social media platform Telegram and a hacker after discovering that sensitive company data was being leaked through the messaging app.
New Delhi: The Central government, in collaboration with the Reserve Bank of India (RBI), announced on Thursday its plan to raise Rs 6.61 lakh crore through market borrowings during the October-March period of the current financial year 2024-25.
San Francisco: ChatGPT creator OpenAI is planning to restructure its core business into a for-profit benefit corporation, which would no longer be under the control of its non-profit board, Reuters reported.
Ahmedabad/IBNS: The International Financial Services Centres Authority (IFSCA) is expected to introduce regulations for listing commercial papers (CPs) and certificates of deposit (CDs) on the GIFT City exchange within the next three weeks, Moneycontrol reported, citing its sources.
Mumbai/IBNS: Australian multinational brokerage firm Macquarie has indicated that HDFC Bank, India’s largest private lender, could see its loan growth dip below 10 percent year-on-year (YoY).
Mumbai/IBNS: Ahead of US Federal Reserve chair Jerome Powell's upcoming speech, gold prices remained steady on Thursday (Sept. 26) but hovered near record highs.
