The Times of India - Business (23 minutes ago)
Stock market today: After starting the day in deep red, BSE Sensex and Nifty50, the Indian equity benchmark indices recovered from losses, moving to the green territory in noon trade. In early trade BSE Sensex had plunged 600 points to go below the 72,000 mark.
ReadThe Times of India - Business (23 minutes ago)
The government is prioritizing the digitisation of land records with an allocation of Rs 1,035 crore to simplify land acquisition processes and accelerate project timelines. The announcement regarding the allocation of funds for this project is likely to be made during the presentation of the full budget.
ReadThe Times of India - Business (23 minutes ago)
Five-month-old boy Ekagrah Rohan Murty has became millionaire with a generous gift of 15 lakh Infosys shares from his billionaire grandfather NR Narayana Murthy. Now, he has pocketed an additional Rs 4.2 crore in dividend income with Infosys declaring a total dividend of Rs 28.
ReadThe Times of India - Business (An hour ago)
Nirmala Sitharaman has said that the Congress party, despite having governed India, lacks faith in the country and its potential. Even if they believe that Indians are capable of achieving great things, they constantly undermine the nation's progress, much like Shalya did to Karna in Mahabharata, she said.
ReadThe Times of India - Business (4 hours ago)
Oil prices rallied and equities sank Friday as reports said explosions had been heard in Iran and Syria, fuelling fears of an escalation of the Middle East crisis after last weekend's missile attack on Israel by Tehran. "It is now clear that the escalating shadow warfare between Israel and Iran... has finally ignited the powder keg in the Middle...
ReadThe Hindu - Business (7 hours ago)
There was a direct relationship between global price of crude oil and the international price of gold (positive correlation) and an inverse relationship between the external value of the U.S. dollar and the international price of gold (negative correlation).
ReadThe Times of India - Business (9 hours ago)
India's textile exports declined to $34.4 billion in FY24 due to geopolitical issues. The sector saw a $740 million YoY increase, with North America leading at $11 billion. Europe followed, indicating challenges and potential for growth in the industry.
ReadThe Times of India - Business (9 hours ago)
Infosys returned Rs 1.1 lakh crore to shareholders in 5 years, equals $12.8B. Unchanged 85% distribution policy. 15 payouts made, Rs 80,000 crore through dividends. Investor receipt by FY24: Rs 377.5/share. Rs 26,800 crore returned via buybacks.
ReadThe Times of India - Business (22 hours ago)
Shares of Nestle India dropped by 5.4% due to controversy over adding sugar to baby food products sold in India but not in Europe and UK. The revelation came to light when "Public Eye," a Swiss investigative organization, and IBFAN (International Baby Food Action Network) sent samples of Nestle's baby food products marketed in Asia, Africa, and...
ReadThe Times of India - Business (22 hours ago)
Tesla has announced the release of 300 temporary workers in Germany as part of its global workforce reduction efforts. The company clarified that these are not layoffs but part of the contractual agreements. Most of the workers have been successfully relocated to new positions with other clients.
ReadThe Hindu - Business (23 hours ago)
Sri Lanka said it failed to reach an agreement with bondholders to restructure about $12 billion debt earlier this week, raising concerns there could be a delay in the island nation receiving a third tranche of its $2.9 billion IMF program in June.
ReadThe Times of India - Business (A day ago)
Understanding Leave Travel Allowance (LTA) is crucial for employees to optimize tax benefits. Claiming LTA involves specific rules and documentation requirements, including evidence of expenditure and adherence to block period regulations.
ReadThe Times of India - Business (A day ago)
Mumbai airport's pre-monsoon maintenance on May 9 includes a 6-hour closure of two runways for safety. NOTAM advised schedule adjustments and runway inspections for wear and tear, aiming for smooth operations without passenger inconvenience.
ReadThe Times of India - Business (A day ago)
The S&P 500 experienced a decline, reaching approximately 5,020 points. Meanwhile, the Nasdaq 100 saw a decrease of more than 1%. This occurred just one day after Jerome Powell's comments dampened expectations of interest rate cuts. However, investors seeking bargains emerged in the Treasury market, causing two-year yields to fall further below 5%....
ReadThe Times of India - Business (A day ago)
Tesla's board and Elon Musk are betting that shareholders will once again approve his ambitious compensation package from 2018, despite the electric vehicle market's evolution and the package's recent invalidation by a Delaware court. The board is relying on Musk's popularity and his role in Tesla's stock surge of approximately 700% over the past...
ReadThe Times of India - Business (A day ago)
Adani family invests Rs 8,339 crore in Ambuja Cements, increasing stake to 70.3%. Harmonia Trade converts warrants, fortifying financials. Ambuja plans capacity expansion. Recent acquisitions include a grinding unit in Tamil Nadu. Stake increase follows the largest capital market transaction in 2022.
ReadThe Times of India - Business (A day ago)
Apple invests in India production while focusing on green initiatives like rooftop solar projects. They advance water security, restore ecosystems, and provide clean drinking water through water kiosks in collaboration with local entrepreneurs.
ReadThe Times of India - Business (A day ago)
Global IT spending to hit $5 trillion in 2024 with consulting demand surpassing internal staffing. GenAI, AI servers, semiconductors, and large-scale projects driving the industry, reflecting a significant shift in IT investments and market trends.
ReadThe Times of India - Business (A day ago)
Vodafone Idea seeks govt aid for Rs 2.3 lakh crore dues, requesting payout conversion for efficient operations and investor confidence. CEO Moondra highlights the need for govt support to ensure sustainability and healthy competition, with equity installment conversion option available.
ReadThe Times of India - Business (A day ago)
The Mumbai Indians vs. Chennai Super Kings match drew 71.5 crore views. Anita Nayyar and Sandeep Goyal comment on the impact of the T20 World Cup on IPL ad rates and reduced ad spending. Sajal Gupta discusses the influence of VC funding on IPL advertising.
ReadThe Times of India - Business (2 days ago)
India is poised to host approximately 17 percent of the global elderly population by the year 2050. This projection is outlined in the report titled 'Golden Opportunities from the Silver Economy - Analyzing the Future of Senior Care in India,' published by real estate firm CBRE South Asia Pvt Ltd.
ReadThe Times of India - Business (2 days ago)
According to the PHDCCI, India's economy is projected to expand by 8-8.3 percent in the current fiscal year. Furthermore, the country's GDP is expected to achieve an average growth rate of 6.7 percent over the next 23 years, resulting in India becoming a USD 34.7 trillion economy by 2047, accompanied by a per capita income of USD 21,000.
ReadThe Times of India - Business (2 days ago)
Quick Heal Technologies joins US AISIC for responsible AI adoption and collaborates with NIST NCCoE. Seqrite Labs contributes to AISIC groups, highlighting India's cybersecurity maturity and R&D focus in the face of AI opportunities and challenges for global readiness.
ReadThe Times of India - Business (2 days ago)
Flights to and from Dubai, a major hub for Indian travelers, face disruptions due to heavy rainfall in the UAE, the most in 75 years. With about 75 daily flights from India to Dubai, operations by Indian and UAE airlines are impacted. Industry sources report 30-40 Indian flights affected on Monday and Tuesday due to the weather conditions.
ReadThe Times of India - Business (2 days ago)
Sany India unveils the domestically manufactured SKT105E electric dump truck, emphasizing eco-friendliness and performance optimization with cutting-edge technology. The vehicle targets zero emissions, contributing to sustainable development goals.
ReadThe Times of India - Business (2 days ago)
As digital assets surge back into the spotlight following a period of price drops, experts caution about the inherent risks in one of the industry's most basic forms: Bitcoin teller machines (BTMs). BTMs are physical kiosks found at gas stations, convenience stores, and more, allowing users to convert cash to cryptocurrency.
ReadThe Times of India - Business (2 days ago)
Tesla Inc. plans to seek approval from shareholders once more for Elon Musk's $56 billion compensation package after a court voided it earlier this year. The proposal, revealed in a proxy filing on Wednesday, also includes a vote on relocating the company's state of incorporation to Texas from Delaware. Tesla's annual meeting is set for June 13.
ReadThe Times of India - Business (2 days ago)
United Airlines witnessed a premarket surge of approximately 5.3% on Wednesday, propelled by an optimistic profit outlook for the second quarter and robust first-quarter performance, notwithstanding a $200 million setback related to Boeing's safety crisis. The airline's forecast indicated resilience in travel demand, particularly as corporate...
ReadThe Times of India - Business (2 days ago)
Lok Sabha Elections 2024 trigger bank closures in various cities, with states declaring holidays for voting days. Special provisions by Uttarakhand, Nagaland, and Tamil Nadu facilitate voting participation. Tripura banks close for Garia Puja celebrations.
ReadThe Times of India - Business (2 days ago)
Interim Budget announces no tax rate changes. Anticipation of tax law alterations in the full budget. Salaried individuals to select tax regime in April. Considerations for choosing old or new regime. Employees may adjust choice during tax return filing.
ReadThe Times of India - Business (2 days ago)
GQG Partners plans to invest between $300 million and $400 million in a forthcoming public offering by the Vodafone Group Plc and Aditya Birla Group joint venture, according to insiders who requested anonymity. This follow-on public offer, aiming to raise $2.2 billion, will commence on April 18 and conclude on April 22.
ReadThe Times of India - Business (2 days ago)
Viacom18, under the leadership of 61-year-old media veteran Uday Shankar, aims to expand its market influence not only in TV advertising but also in digital revenues, currently dominated by tech giants like YouTube and Meta Platforms Inc. The company is considering integrating e-commerce into its streaming platform, positioning itself as a...
ReadThe Times of India - Business (2 days ago)
Gold savings increased in Covid vulnerable districts, while financial assets decreased. Poorer households allocated more to gold. Higher financial access reduced gold allocation. 'Flight to safety' trend seen. Insights from International Review of Economics & Finance and RBI report.
ReadThe Times of India - Business (2 days ago)
Corporate India ensures voting participation by offering paid time-off. Private companies facilitate voting with holidays and travel policies. Various firms prioritize voting rights and awareness. Analysts cite market closures to facilitate voting requirements.
ReadThe Times of India - Business (2 days ago)
Dollar's strength from US economy boosts interest rate expectations. Rupee weakens due to geopolitical tensions and high oil prices, impacting foreign investments. Positive outlook for rupee with enhanced balance of payments and low current account deficit expectations for FY24.
ReadThe Times of India - Business (2 days ago)
Foreign funds' selling led to Sensex drop amid global tensions and mixed China data. FPIs dominated selling, impacting Nifty. IT stocks like Infosys, Wipro fell. Uncertainty persists with Iran-Israel tension and Jerome Powell's speech awaited.
ReadThe Times of India - Business (2 days ago)
IMF raised India's GDP growth forecast to 6.8%. Global economy to grow at 3.2%. Challenges include inflation, supply-chain disruptions, energy crisis, and Russia's war on Ukraine. Gourinchas advises policymakers on resilience, govt finances, and growth.
ReadThe Times of India - Business (2 days ago)
Aditya Birla Group aims for top spot in financial services through new digital platform, consumer ventures, and strategic investments. The ABCD D2C platform offers diverse financial products, payment solutions, and UPI transaction features to enhance customer experience and market presence.
ReadThe Times of India - Business (3 days ago)
India's unemployment rate is expected to drop by 97 basis points by 2028, as per a recent report by the Observer Research Foundation (ORF). The India Employment Outlook 2030 report forecasts a decrease from 4.47 percent in 2024 to 3.68 percent in 2028, aligning with India's push towards the USD 5 trillion milestone. The report highlights that...
ReadThe Times of India - Business (3 days ago)
Srinivas Pallia, the newly appointed CEO of Wipro, sold all his shares worth Rs 5 crore in a significant transaction before taking on the top position. The company declined to comment on the matter, citing a silent period ahead of its quarterly and annual results announcement.
ReadThe Times of India - Business (3 days ago)
Praise for Indian Railways Kavach system: The court had agreed to hear the PIL on implementation of 'Kavach' and had asked the Centre to brief it on steps taken or proposed to be taken for putting in place anti-collision systems to prevent train accidents.
Read