Das made the following unequivocal statement on the legitimacy of the government’s fiscal consolidation plan: “The market was anticipating 5.2%, 5.3%, but it is 5.1%. […]
Phoenix Mills Q3 Results: ₹279 crore in net profit, a 58% increase
The trading hours ended after the results were announced. Phoenix Mills Ltd.’s shares closed at ₹2,630.15 on the BSE, down ₹184.20, or 6.55%. Phoenix Mills […]
Iran sends three satellites into space in defiance of criticism from the West | Watch
The launch comes at a time when tensions are running high throughout the Middle East, especially because of Israel and Hamas’ protracted struggle in the […]
With Punch EV, Tata Motors ups the ante on electric vehicles: An improved Nexon EV with increased features and security
This newcomer, which is built on the Acti.EV architecture, has a long list of interesting features along with an amazing 421-kilometer driving range. Still up […]
For ₹300 crore, the Piramal Enterprises division would purchase a 10.39% share in Annapurna Finance.
On the BSE, Piramal Enterprises Ltd.’s shares closed at ₹867.20, up ₹12.75, or 1.49%. The financial services division of the Piramal Group, Piramal Enterprises Ltd., […]
In Q3, MakeMyTrip achieves record-breaking quarterly gross bookings, revenue, and net profit.
For the third quarter that concluded in December 2023, the travel services business recorded a net profit of $24.2 million, up from $0.2 million in […]
ICICI Prudential Life Q3 Results: Value of new business increases 30%, profit stays steady at ₹227 crore.
In the end, ICICI Prudential Life Insurance Company Ltd.’s shares on the BSE closed at ₹516.45, down ₹2.15, or 0.41%. For the third quarter that […]
India will deploy five times as many warships in the Arabian Sea.
The decision to station more warships in the Arabian Sea is consistent with India’s overarching strategy to position itself as the region’s principal security ally, […]
This explains the 9% increase in IRB Infrastructure shares on Tuesday.
December’s toll collection of Rs 488 crore was a notable 26% year-over-year rise in toll revenue from Rs 388 crore. The business has also started […]
Hyundai India announces an increase in investment of ₹6,000 crore in Tamil Nadu.
Anand baited fans with the statement, “Be ready for a new spectacular EV, which will be coming from Hyundai, and it will be coming from […]
Adani Wilmar’s Q3 report: Volumes increase 6% while standalone revenues fall by 15%
Adani Wilmar Ltd.’s shares closed at ₹377.95 on the BSE, down ₹3.55, or 3.55%. Adani Wilmar Ltd., a food and fast-moving consumer goods firm, reported […]
LTIMindtree is ready to challenge an unfair penalty ruling in response to a ₹206 crore GST demand.
LTIMindtree Ltd.’s shares closed at ₹5,960.00 on the BSE, down ₹182.65, or 2.97%. On Wednesday, January 3, IT services company LTIMindtree Ltd announced that it […]
LIC promises to challenge orders as it confronts a ₹667 crore GST demand across three states.
Life Insurance Corporation of India’s shares closed at ₹838.65 on the BSE, up ₹0.95, or 0.11%. On Wednesday, January 3, the government-owned Life Insurance Corporation […]
IndiGo receives a notification from the FSSAI over “unsafe food”
The Food Safety and Standards Authority of India, part of the Union Health Ministry, issued a show-cause notice to Indian airline indiGo for allegedly providing […]
Bank of Baroda introduces the NCMC RuPay prepaid card; see the features and wallet amount limit.
Prepaid cards, as their name implies, are pre-loaded with a fixed amount to enable a variety of transactions. More information on the NCMC RuPay prepaid […]
Over 8 crore income tax returns were filed for the fiscal year 2023-24 as of December 31, a 9% increase from the previous year.
In the period ending December 31, 2023, a total of 1.60 crore audit reports and other forms were filed, compared to 1.43 crore in the […]
India has so far purchased 25,000 tonnes of kharif onions as buffer stock.
Mandis have provided about 25,000 tons of kharif onions thus far. The procurement process has commenced, stated Rohit Kumar Singh, the secretary of consumer affairs. […]
A 97.1% share in Beetel Teletech will be purchased by Bharti Airtel Services.
Leading brands such as Avaya, HP/Poly, Samsung, Siemens, QSC, RADWIN, Ruckus, RAD, ADVA, and Actelis are distributed by Beetel. According to a filing, Bharti Airtel […]
DGCA investigating pilot off-rostered after hard landing of an Air India aircraft in Dubai
The pilot flying the aircraft has been de-rostered by Air India, and an inquiry into the occurrence has been launched. Contrary to reports that said […]
Beginning on January 17, AI Express will operate nonstop flights between Ayodhya and Bengaluru and Kolkata.
The airline said in a release that on January 17, flights would begin on the Bengaluru-Ayodhya and Kolkata-Ayodhya routes. On Friday, Air India Express announced […]
Sandeep Parekh disagrees with SEBI’s interpretation of what constitutes “market rumour.”
The discourse around SEBI’s methodology for characterizing and overseeing market rumors is anticipated to escalate as interested parties from many fields exchange viewpoints on reconciling […]
Report on RBI Financial Stability: Banks perform well in stress test, while NBFCs exhibit certain vulnerabilities
Based on macro stress tests for credit risk, the RBI’s Financial Stability Report shows that all banks could meet minimum capital requirements even in a […]
Interest rates on fixed deposits are increased by Bank of Baroda by up to 125 basis points.
On the BSE, Bank of Baroda Ltd.’s shares closed at ₹233.00, up ₹1.00, or 0.43%. With effect from December 29, 2023, the state-owned Bank of […]
Delhi Airport has implemented low visibility procedures; aircraft operations are unaffected.
The India Meteorological Department (IMD) said that visibility decreased from 100 meters at 9:30 pm to 50 meters at 10 pm due to the high […]
On December 30, FM Nirmala Sitharaman will address PSB chiefs, concentrating on willful defaulters.
The minister is expected to talk about cybersecurity, bank fraud and willful defaulters, and the state of the National Asset Reconstruction Company (NARCL) and failing […]
Thermax arms demerge is approved by NCLT. Thermax Instrumentation and Thermax Cooling Solution
Thermax Instrumentation’s vertical integration of operations is expected to improve operational flexibility and coordination, according to the petition filed with the NCLT. Thermax said on […]
Sweden’s application to join NATO is approved by the Turkish Parliament.
NATO member Turkey has been holding up Sweden’s ratification of its application for more than a year, citing the nation’s perceived over-leniency toward groups Ankara […]
Southeast Asian financial markets’ year-end rise is boosting expectations for 2024.
The regional MSCI Asean index is now trading below its five-year average of 14.9 times projected earnings ratio, at only 12.9 times. The strengthening economic […]
The richest banker in India is no longer richer than Varun Beverages’ Ravi Jaipuria: MARKET BUDDY Edge
With a $14.5 billion net worth, Jaipuria, the promoter of the QSR player Devyani International and the bottling and beverage firm Varun Beverages—both named after […]
RBI authorizes Razorpay, Cashfree, Open Money, and other payment aggregators.
One year has passed since the RBI temporarily stopped allowing businesses to onboard merchants until they received final approval for the PA license. It is […]
Nirma receives CCI in order to purchase the majority of Glenmark Life Sciences.
“CCI approves acquisition of majority shareholding of Glenmark Life Sciences Limited by Nirma Ltd,” the competition watchdog stated on Tuesday in a post on the […]
India lowers the windfall profit tax on exports of diesel and crude oil
An official announcement states that the Special Additional Excise Duty (SAED) duty on domestically produced crude oil has been lowered from ₹5,000 per tonne to […]
PM Modi’s initial response to the security lapse in the Parliament: “Extremely grave”
The breach at the Parliament should be thoroughly investigated, according to Prime Minister Narendra Modi. Amidst the opposition’s protests in Parliament, Prime Minister Narendra Modi […]
Zee requests an extension of the merger deadline from Sony
In the merger agreement, Zee Entertainment asks Sony for a deadline extension, citing a leadership disagreement over Punit Goenka’s nomination. The merger process becomes more […]
Israel kills its own hostages after misjudging them to be a threat.
At a briefing, Israeli troops mistakenly targeted the three hostages because they thought they posed a threat, according to IDF spokesperson Daniel Hagari. “The IDF […]
BJP Posts Parliament Accused’s Selfie With Trinamool MLA, Saying “Proof Enough…”
The Trinamool has pointed out that the BJP’s Mysuru MP has been accused of playing a key role in providing a pass to the two […]
Today, Satin Creditcare introduces QIP; the starting price is ₹242.81 per
Satin Creditcare Network Ltd.’s shares closed at ₹248.45 on the BSE, up ₹1.35, or 0.55%. On Thursday, December 14, the microfinance lender Satin Creditcare Network […]
November saw a 0.3% increase in retail sales as Americans increased rather than decreased their spending.
According to data released by the Commerce Department on Thursday, retail sales increased 0.3% in November compared to a 0.2% decline in October. November sales […]
Review of ASICS NOVABLAST 4: Revealing the neutral, vivacious daily trainer
There was no need for breaking in since these sneakers were ready to go from the first day. I felt light and effortless on my […]
According to CEO, Akasa Air will announce a triple-digit aircraft purchase before January 2024.
CEO Vinay Dube of Akasa Air stated in an exclusive interview with MARKETBUDDY’s Shereen Bhan that the airline aims to quadruple its fleet size by […]
Details of the December 1 opening tender offer for the GNFC repurchase are available here.
In the event of a tender offer buyback, shareholders may tender their shares during the buyback period, in which case the business will be required […]
Amid advanced equity discussions, Huawei Technologies’ new smart car company was valued at around $35 million.
Up to 40% of Huawei Technologies’ new smart car company will be owned by relevant parties and main auto partner Chongqing Changan Automobile. About 35% […]
Amit Shah at a rally in Kolkata: “No one can stop CAA implementation.”
Speaking at a sizable gathering held to kick off the BJP’s Lok Sabha campaign in this state, Shah attacked Chief Minister Mamata Banerjee with a […]
Predictions for gold and silver prices: IBJA’s Mehta cautions
In a volatile market, gold and silver were guided by Surendra Mehta, Secretary of the India Bullion and Jewellers Association (IBJA). The India Bullion and […]
Alipay will sell 29.6 crore shares for ₹3,290 crore as part of the Zomato Block Deal.
According to sources, Alipay plans to sell 29.6 crore shares of Zomato for ₹111.28 apiece in order to raise $395 million, or ₹3,290 crore. This […]
Kerala Governor signs off on one pending bill and reserves seven others for presidential approval.
While the Governor signed the major public health bill, he has reserved seven bills, including the contentious University Amendment Bill, for presidential assent, Raj Bhavan […]
BJP is preparing for a massive event in Kolkata that will probably set the tone for the party’s Bengali Lok Sabha campaign.
The massive gathering at Esplanade on November 29 is getting ready, and Shah is anticipated to set the tone for the BJP’s state election campaign […]
Conflict between Israel and Palestine | Hamas’s comeback: a diplomat’s perspective
The charismatic leadership of Khaled Mashal and the Palestinians’ growing acceptance of Islamic fundamentalism are responsible for Hamas’s capacity to terrorize Israelis and its rising […]
Thursday’s trade setup: 15 things to know before the opening bell
Forty-five equities were on the short-covering list based on the OI %. Alkem Laboratories, MRF, Apollo Tyres, Info Edge India, and Ipca Laboratories are a […]
According to a Reuters survey, emerging market currencies will gain momentum in 2024 as the dollar weakens.
By the end of 2024, only a small number of Asian currencies—including the South Korean won, Thai baht, and Indian rupee—were predicted to recover their […]
SpaceX expects $15 billion in revenue from Starlink in the upcoming year.
Bloomberg has previously claimed that the corporation was valued at about $150 billion in a tender offer made to SpaceX earlier this year. According to […]
Delhi: AAP-BJP verbal sparring is sparked by the odd-even plan.
Virendra Sachdeva, the president of the Delhi BJP, stated that people have been complaining of headaches and a burning feeling in their eyes during a […]
Restrict access to login/logout information to extreme circumstances: To Delhi Police, Meta
It is also understood that the Meta team mandated that any information requests contain a synopsis of the case and an explanation of how the […]
If we hadn’t imported coal, India’s electricity crisis would have been worse than Sri Lanka’s, claims RK Singh.
RK Singh stated that the country’s economic development was demonstrated by a 20% increase in power consumption over the last three months. He added that […]
Sri Lanka suffers their second-biggest loss in the history of the ICC ODI World Cup as India thrashes them by 303 runs.
The Men in Blue lost eight wickets while scoring 357 runs as they batted first. Virat Kohli played a good hand, scoring 88 runs, while […]
In an unprecedented wage theft settlement, Uber and Lyft will reimburse defrauded drivers $328 million.
As per the settlement provisions, Lyft will contribute $38 million and Uber will pay $290 million. Drivers who were defrauded and negatively impacted by the […]
Zurich will purchase the majority of Kotak General Insurance, marking the first foreign insurer investment in India in eight years.
A definite deal has been reached between Kotak Mahindra Bank, Kotak Mahindra General Insurance, and Zurich Insurance Group. Zurich will invest around Rs 4,051 crore […]
GST Appellate Tribunals are expected to receive a tonne of appeals totaling more than ₹1 trillion.
According to sources, “the government expects the Appellate Tribunals to be functional by April 2024.” Once these Appellate Tribunals are established, it is recognized that […]
Nearly every ₹2,000 note in use has been replaced, according to RBI
The 19 RBI offices around the nation are open for public deposits and/or exchanges of the ₹2,000 banknotes. Only ₹10,000 crore worth of banknotes worth […]
Financial movers want SEBI to provide explicit rules about what constitutes acceptable behaviour.
The Securities and Exchange Board of India (SEBI) has placed limitations on two additional influencers and Muhammad Nassiruddin, who is often referred to as the […]
Stock Market LIVE Updates: Tech Mahindra and Asian Paints are highlighted, while the Nifty 50 aims to defend 19,100 on October expiration.
Stock Market LIVE updates: On Friday, the main Indian indexes Nifty 50 and Sensex finished down for the fifth consecutive trading session. The Sensex is […]
Shares of Google parent Alphabet slump 9.5%, marking the worst day since 2020, following cloud earnings miss.
Google Cloud, which earlier this year declared a profit for the first time, revealed operational income of $266 million, falling short of projections of $434 […]
Sonata Software reports a second quarter net profit of Rs 124 crore and an interim dividend of 7.
The trading hours ended after the results were announced. Sonata Software Ltd.’s shares closed at ₹1,048.90 on the BSE, down ₹28.30, or 2.63 percent. On […]
Vijay Shekhar Sharma of Paytm establishes VSS Investments to make investments in India’s AI and EV industries.
VSS Investco Private Limited, an organization Sharma owns and controls together with other outside investors, is the backer of the VSS Investments Fund. Vijay Shekhar […]
Mahindra Logistics reported a net loss of 15 crore in the second quarter, with sales increasing by 3% to 1,365 crore.
The findings were released after the market closed. On the BSE, Mahindra Logistics Ltd shares closed at 368.70, down 12.55 percent. Mahindra Logistics Ltd (MLL) […]
The best credit cards for cashbacks and benefits throughout the holiday season include SBI, HDFC Bank, ICICI Bank, and more.
The holiday season is the ideal time to take advantage of the perks, savings, and points offered by credit cards. There is a credit card […]
Results for the second quarter from ICICI Prudential Life Insurance: Profit up 23% to 244 crore, while new business value down 7%
In comparison to the 30.2% found in the CNBC-TV18 Poll, the VNB margin for the second quarter of FY24 was reported at 28%. The closing […]
After the business lowers its sales outlook for the second time, Infosys ADRs decline.
However, the IT industry leader kept its operating margin forecast for the fiscal year 2024 at 20 to 22 percent. After the business cut its […]
HCL Technologies Q2 revenue increased 10% year over year to Rs 3,832 crore, above expectations; a Rs 12 dividend was paid.
HCL Tech, which has its headquarters in Noida, has decreased its FY24 revenue growth forecast to 4-5% year-over-year. The company is still aiming for an […]
Gaza conflict in Israel teaches painful lessons about how to deal with terrorism and insurgencies.
There is little question that the IDF’s tactical prowess will enable it to successfully repel any upcoming Hamas incursions. The crisis has three key lessons […]
Israel-Gaza War: Nearly 1,000 Dead Over 2 Days: 10 Points
The Indian embassy in Israel has urged its nationals to exercise caution and adhere to local authorities’ recommended safety measures. Since the Hamas organization started […]
Online casinos and gambling have been subject to 28% GST since the start: Financial Secretary
Delhi and Goa brought up the subject of tax demands on gambling establishments and online gaming enterprises at the 52nd GST council meeting. Revenue Secretary […]
Amazon’s ‘Prime Shopping Edition’ launched just days after Flipkart’s ‘VIP’ launch.
Amazon has announced a restricted edition of its Prime membership dubbed Prime Shopping Edition for Rs 399 per year, just days after Flipkart launched its […]
New Zealand beats England by 9 wickets because to the brilliance of Devon Conway and Rachin Ravindra.
New Zealand’s innings got off to a sour start as opener Will Young went for a golden duck. Conway and Ravindra, on the other hand, […]
Indigo raises plane costs by including a “fuel charge,” blaming rising fuel prices.
The ATF grew for the fourth week in a straight in October, hitting its highest level in 2023 with a 5% rise. The price of […]
Bob Dudley, a former CEO of BP, is upbeat about India but cautious about oil prices.
According to Bob Dudley, a former CEO of BP, China’s economic recovery will have a significant impact on how oil prices develop. Dudley stated that […]
Focusing on ATMP growth, CDIL Semiconductors may resume wafer production
Amitesh Kumar Sinha, Joint Secretary with the Ministry of Electronics and Information Technology, revealed to MARKETBUDDY at the opening of a surface mount semiconductor packaging […]
The largest stock sale in the past two years nets Apple CEO Tim Cook $41 million.
According to the statement from Tuesday, Cook sold 511,000 shares, which were valued around $87.8 million before taxes. Tim Cook, the CEO of Apple, gained […]
GST Intelligence has issued a demand notice on Bajaj Allianz for Rs 1,010 billion.
On the BSE, shares of Bajaj Finserv Ltd closed the day at Rs 1,560.50, up Rs 20.05 or 1.30 percent. The Directorate General of GST […]
In FY23, Zerodha’s earnings increased by 38.5 percent to Rs 2,907 crore.
When compared to the prior financial year, the company’s revenue for the fiscal year 2022–23 increased by 38.5 percent to Rs 6,875 crore. Zerodha, an […]
Social bonds are described as NABARD raises Rs 1,040 crore through its initial public offering.
The first AAA-rated INR social bonds to be externally verified in India were issued by NABARD for Rs 1,040.50 crore. These modern bonds will be […]
India is mulling a house loan interest subsidy program of Rs. 60,000 crore.
The program would provide a 3-6.5 percent annual interest rebate on loans up to Rs 9 lakh. Housing loans under Rs 50 lakh that are […]
India responds to worries about the reliability of the statistics by defending its GDP numbers.
According to the Income or Production Approach, India’s real GDP increased by 7.8% on an annual basis (y/y) in Q1 FY24. Arvind Subramanian, a former […]
E-commerce platforms’ holiday season revenues are expected to reach Rs 90,000 crore in 2023: Report
Approximately 140 million customers are anticipated to conduct at least one online transaction during this festive month, according to Redseer, which will propel this year’s […]
Apple delayed the iPhone 15 models in China as a result of high demand.
While the business claimed it could deliver the iPhone 15 by September 22, the day the phone goes on sale in shops, there is a […]
Know the date, the significance, and why it is commemorated on Hindi Diwas in 2023.
On September 14, 1949, the Constituent Assembly declared Hindi to be the national tongue of India. Every year on September 14, Hindi Diwas is commemorated […]
Two deaths in Kerala were caused by the Nipah virus; the center sends a team of experts. prime updates
Tuesday, after two “unnatural deaths” were reported from Kozhikode, the health minister for Kerala called a high-level conference to discuss the Nipah virus. In Kozhikode […]
Dividends from IOCL and BPCL bring in Rs 2,642 crore for the Indian government.
The government anticipates receiving a Rs 48,000 crore (17 percent more) dividend from the Reserve Bank of India (RBI), public sector banks, and financial institutions […]
Petitioners accuse SEBI of inactivity in the Adani Hindenburg Case and target former Chief UK Sinha and legal luminary Cyril Amarchand.
The petitioners contend in their appeal that the Directorate of Revenue Intelligence (DRI) wrote to UK Sinha, the then-CEO of SEBI, in January 2014 regarding […]
State-owned ONGC confirms there was no oil leak damage close to Uran.
According to ONGC, local people broke through the stormwater drain channel wall from the facility to obtain an unauthorized water connection for irrigation of their […]
Investor appetite for SoftBank’s Arm IPO is six times what it is seeking.
According to sources familiar with the situation, investor interest for Arm Holdings Plc, a chip designer owned by SoftBank Group Corp. that is seeking around […]
Finance Minister outlines G20 Summit 2023 results aimed at bolstering Multilateral Development Banks
With a special emphasis on bolstering Multilateral Development Banks (MDBs) and financial inclusion, the G20 Summit made substantial progress in tackling common global concerns. Nirmala […]
G20 Summit: PM Modi replaces the Nataraja statue’s cover photo on X
To highlight India’s rich history and culture, a 27-foot-tall Nataraja monument has been erected at the G20 summit site. Ashtadhatu, or the eight metals, were […]
Tata Group and NVIDIA will collaborate on platforms and infrastructure for AI computing.
To achieve high-quality performance, the businesses will collaborate to develop an AI supercomputer that is powered by the NVIDIA GH200 Grace Hopper Superchip. On Thursday, […]
While Indian mills hike prices, Dalal Street waits for Chinese stimulus and a bottoming out of the steel price.
Investors are placing their expectations in a number of crucial elements that might influence the success of the industry. Despite present prices being in line […]
As competition increases, Ant Group releases a financial AI model.
Ant comes after Thursday’s AI announcements by internet titans Tencent and Xiaomi as well as April’s announcement by Ant’s partner Alibaba. According to Tencent, as […]
During India’s G20 leadership, the country’s space sector shines on the world scene.
Goenka drew attention to recent events that have improved India’s status in the international space community. India’s successful lunar mission, Chandrayaan-3, attracted a lot of […]
Paytm gives up on its intentions to start producing insurance
The choice was made after Paytm apparently investigated expanding into the insurance manufacturing industry and even thought about buying QBE Raheja Insurance, which would have […]
Normally, the US dollar and crude oil don’t rise together, but right now they are.
In the following days, a higher dollar might put pressure on petroleum prices to rise, perhaps canceling out the positive effects of supply reductions and […]
Mamata Banerjee challenges the abrupt change from “Bharat” to “India”
Images of the official invitation to a G20 dinner hosted by President Droupadi Murmu were shared on social media, which sparked the uproar. An next […]
Will the Vishnu Prakash IPO result in a robust listing pop? What do experts advise?
Shares of Vishnu Prakash were trading at a premium of Rs 60 per share on the grey market, representing a premium of more than 60% […]
At the G20 TechSprint Finale, Shaktikanta Das emphasizes the relevance of CBDCs and anti-money laundering technology in secure cross-border payments.
CBDCs, with their rapid settlement function, have the potential to make cross-border payments more affordable, swifter, and safe, according to Reserve Bank of India Governor […]
Reliance Jio turns 7: How this ‘upstart’ impacted the Indian telecom industry for good
Reliance The September 5, 2016, debut of Jio, which offered cheap or free internet, unlimited conversation time, and no roaming fees, revolutionized Indian telecoms. Competitors […]
Walmart boosts its stake in Flipkart and spends $3.5 billion to buy further shares.
In a call with investors last month, Walmart stated that Flipkart’s GMV was robust and that eCommerce increased 26% in the June quarter. Purchasing additional […]
Lander Vikram and Rover Pragyan Could Be Put To Sleep Soon on Chandrayaan-3. ISRO’s Chief Admin Justifies
Following the launch of the Aditya L1 mission, India’s first space-class solar observatory, ISRO Chief S Somnath made the announcement. Chandrayaan-3’s Pragyan rover has traveled […]
Aditya L1 Launch Highlights: Successful Launch of India’s First Solar Mission
Highlights of the Aditya L1 mission’s launch: India’s first journey to the sun will research solar winds, which may disrupt earth’s magnetic field and result […]
According to Harsh Vardhan Shringla, the G20 meeting presents a chance to highlight India’s cultural diversity and tourist potential.
The forthcoming G20 Summit, which will take place in New Delhi, has two objectives. It would not only make it easier to reach an agreement […]
Launch of the Bajaj Allianz Life Dynamic Asset Allocation Fund, with an NFO deadline of September 25
The Crisil Dynamic Asset Allocation Index, which consists of 45% equities, 45% debt, and 10% liquid assets, serves as the benchmark index for this product. […]
Mercedes-Benz EQE to Volvo C40 Recharge: View planned vehicle releases in September
There will be many options for automobile consumers in September with the introduction of both EVs and SUVs. Leading automakers will introduce new vehicles in […]
The Punjab National Bank has increased lending rates by 5 basis points across all tenures.
The MCLR is the lowest interest rate a bank may charge a customer for a loan. On the BSE, shares of Punjab National Bank closed […]
SEBI punishes 9 firms a total of Rs 45 lakh for engaging in fraudulent trading.
Following its observation of massive reverse trades in the illiquid stock options market on the BSE that created fictitious volumes on the exchange, SEBI assessed […]
PIL filed in Bombay HC against Constitutional clause allowing for the splitting and merging of political parties
In the case of a merger of parties, parliamentarians are protected from disqualification due to defection, according to paragraph 4 of the Constitution’s tenth schedule, […]
According to the Center, only the Central Government is authorized to conduct censuses.
The Patna High Court granted the Bihar government permission to conduct its caste census earlier this month after hearing about its assurances on data privacy […]
PM Modi urges the creation of a worldwide framework for AI ethics at the B20 Summit.
To draw more attention to consumer rights, PM Modi has advocated for the establishment of a “International Consumer Care Day.” The world needs a framework […]
Reliance AGM: Key developments to monitor, from Reliance Retail’s IPO date to recent launches and acquisitions
AGM for Reliance Retail: The success of brands purchased by the retail arm and any announcements on fresh launches, growth, and acquisitions will be among […]
An astronomer claims to have photographed the Chandrayaan-3 landing site on the Moon. See also:
While some people dubbed the image “brilliant,” others termed it “impressive” in the comments section. Andrew McCarthy, an American astronomer, claims to have photographed the […]
Why have textile stocks been soaring recently?
Here are a few of the reasons why textile stock prices have lately risen. Textile-related equities including Gokaldas Exports, Himatsingka Seide, Arvind Limited, Vardhman Textiles, […]
According to Shyam Srinivasan of the Federal Bank, fintech startups do not pose a danger to banks.
Shyam Srinivasan, speaking at the summit, stated that the amount of poor credit has decreased over the last 25 years and that non-performing assets (NPAs) […]
Together with Oberoi Hotels, Reliance Industries will co-manage three hotel projects.
According to information provided in the news announcement, the three properties include the Stoke Park in the UK, a projected project in Gujarat, and the […]
Successful Test-Fire of ASTRA Beyond Visual Range Missile by LCA Tejas Fighter Jet
The ASTRA indigenous beyond visual range air-to-air missile was successfully fired by Tejas’ Light Combat Aircraft (LCA) LSP-7 off the coast of Goa on August […]
Live updates on the Chandrayaan-3 landing: Rover to emerge soon after the Vikram lander makes a smooth touchdown
Live updates from Chandrayaan-3: With the mission’s accomplishment, India has become the first country to land a spacecraft on the Moon’s unexplored south pole and […]
PM Modi says India is ready for human space flight and that the’sky is not the limit’.
PM Modi stated that India has repeatedly demonstrated that the sky is not the limit, affirming India’s commitment to its first human space flight project, […]
In India, searching for a local supplier-based EV system to provide automobiles at a lesser cost Renault
According to a senior business executive, French automaker Renault is searching for an inexpensive electric car system in India that is based on local suppliers. […]
From September 8 to 10, Delhi’s government has declared a holiday for schools and offices.
Holidays have been announced in Delhi from September 8 through 10, in honor of the G20 meeting, which is being held in the nation’s capital.Profile […]
Export taxes on onions: The secretary of consumer affairs said the government is dedicated to giving customers comfort
This action is in reaction to alarming statistics showing that retail inflation has risen to a 15-month high of 7.44 percent in July, breaching the […]
PayPal’s stablecoin is anticipated to outperform Facebook’s Libra.
In contrast to Facebook, which has been under intense investigation for privacy violations and Russian political meddling, PayPal is a well-established financial operation in Washington. […]
NFO | Mahindra Manulife Mutual Fund introduces Business Cycle Fund, more information here.
Through active portfolio allocation, the fund seeks to create capital appreciation by investing primarily in equities and equity-related instruments, with an emphasis on investing in […]
Chandrayaan-3 has completed its final lunar orbital maneuver. Moon will be the next stop.
ISRO has announced that the lander Vikram would attempt a gentle landing in the unexplored south pole region of the Moon on Wednesday. The Indian […]
For REITs and InvITs, SEBI wants to introduce follow-on offer regulations.
Sebi stated in its annual report for 2022–23 that it would “strive to further develop the market for REITs and InvITs in the coming years […]
John Warnock, 82, a co-founder of Adobe, passes away
In 1982, Warnock and Charles Geschke founded the San Jose-based business. He served as its CEO until 2000 and its chief technology officer until his […]
Jio Financial Services to launch on August 21: Important information
For each individual share of Reliance Industries they held as of July 20th, shareholders received one equity share in Jio Financial Services. The Bombay Stock […]
Government extends the application deadline for NCLAT’s judicial and technical positions until September 1
According to PTI, the government issued an invitation for applications in June this year for three judge members and two technical members of the National […]
According to JPMorgan, India’s agriculture prices are expected to grow significantly.
JPMorgan’s Global Head-EM Economics stated that agriculture prices are expected to climb significantly in an interview with MarketBuddy’s Jahangir Aziz. El Nino’s effects are being […]
VI wants an additional 30 days to pay the Rs 1,680 billion installment for the spectrum auction.
According to PTI, VI’s consolidated income from operations for the June quarter climbed slightly by 2.3 percent to Rs 10,655.5 crore from Rs 10,406.8 crore […]
SEBI issues a consultation document on voluntary delisting, with fixed price delisting proposed as an alternative.
As an alternative to the Reverse Book Building (RBB) procedure, the regulator has advocated the implementation of fixed-price delisting. Companies whose shares are regularly traded, […]
PM Modi announces military reforms to modernize the armed services.
New Delhi, Aug 15 (MARKETBUDDYS) – India has gained new strategic strength in recent years, and its borders are now more secure than ever, Prime […]
The governor of Himachal Pradesh has declared Raj Bhavan accessible to the public.
The governor stated that he attempted to open the Raj Bhavan to the general people at ‘Amrit-Kaal’ since he thought it should be used for […]
With the acquisition of Trackon Courier, Xpressbees expands into the SME sector.
Amitava Saha, Founder & CEO of Xpressbees, told MARKETBUDDYS that their plan includes major commercial development through Trackon’s statewide reach. Xpressbees, a logistics and supply […]
Independence Day 2023 greetings, quotes, and messages to share with family and friends
While people honor bravehearts, raise the flags of their countries, and participate in cultural events to mark the occasion, many also send greetings and messages […]
Uttarakhand rains: Schools closed in two districts, water enters Chamoli stores and homes
Red alerts were issued by the India Meteorological Department in six Uttarakhand districts, including Dehradun and Nainital. As the hill state’s torrential rains persisted on […]
Has the government truly’repealed the sedition law’? Or simply reinforced it?
The new draft wants to remove Section 124A, which deals with sedition, but includes a language that keeps the essence of the sedition statute while […]
FPIs invest Rs 3,200 crore in Indian shares due to global uncertainties and China fears.
According to depositories’ statistics, Foreign Portfolio Investors (FPIs) invested a total of Rs 3,272 crore in Indian shares between August 1 and August 11. FPIs, […]
Mercedes-Benz claims that despite an increase in SUV sales, demand for sedans is still high.
“Thankfully, our portfolio is split evenly between sedans and SUVs. Our sedan lineup consists of the A-Class, B-Class, E-Class, and S-Class, while our SUV lineup […]
From the podium in Wayanad, Rahul Gandhi resumes his attack, saying, “BJP destroyed Manipur; Cong will help build it.”
Gandhi continued his criticism of Prime Minister Narendra Modi, addressing the crowd as his family and accused him and the union cabinet ministers of having […]
Deloitte’s resignation as auditor is confirmed by Adani Ports
As the company’s auditor, it has chosen MSKA and Associates Chartered Accountants, one of the top six global audit firms. The departure of Deloitte Haskins […]
Sebi establishes a fresh window for mutual fund unitholders’ exit options in the event that an AMC changes ownership.
A change in the AMC’s control is prohibited by the new timetable unless the mutual fund’s unitholders are offered the option to sell their shares […]
According to a specialist, the SC’s interpretation of the CEC panel’s findings was incorrect.
Sanjay Ghosh, a senior advocate, said that this is a total subversion of the constitution. “Just because the constitution bench says this is an interim […]
Nalco Q1 underperforms, with an 18% fall in net profit to Rs 334 crore.
The results were announced after the market had closed. On the BSE, shares of National Aluminum Company Ltd. finished the day at Rs. 94.24, down […]
Adhir Ranjan Chowdhury was expelled from the Lok Sabha for acting erratically.
Pralhad Joshi, the minister for parliamentary affairs, introduced the motion to suspend. Adhir Ranjan Chowdhury, the leader of the opposition in the Lok Sabha and […]
Unveiling of the New Air India Logo and Aircraft Livery. These Changes Are
The new “Vista” logo, which is owned by the Tata group, “captures the essence of bold new India, which marks a milestone in its Vihaan.AI […]
SAIL Q1 net profit surpasses forecasts but declines by 84% to Rs 213 crore.
The results were announced after the market had closed. Steel Authority of India Ltd. shares decreased by Rs 0.050, or 0.054 percent, to close at […]
Amit Shah calls for peace in Manipur and condemns efforts to politicize the situation.
Amit Shah ruled out a change of leadership in Manipur during his almost two-hour intervention, saying the chief minister was working with the Centre to […]
QIP is offered by Suzlon Energy at a floor price of Rs 18.44 per share.
On the BSE, shares of Suzlon Energy Ltd closed the day at Rs 19.56, up Rs 0.93 or 4.99 percent. Suzlon Energy Ltd., a leading […]
Third day in a row, the Karnataka chief minister meets with Congress legislators.
According to reports, the MLAs who were present at the meeting discussed the completion of existing projects, the distribution of monies to their areas, and […]
Gyanvapi mosque: Allahabad HC rejects PIL calling for the premises to be sealed off and non-Hindus to be barred from entering.
On Tuesday, the Allahabad High Court denied the PIL that asked for the premises to be sealed off and for non-Hindus to be prohibited from […]
Adani Enterprises is reportedly thinking on selling $2.7 billion. stake for Adani
The value of Adani Wilmar decreased by around 36% this year, to almost $6.2 billion. According to Bloomberg, Adani-affiliated businesses lost more than $150 billion […]
Rising food costs might bring July inflation up by 190 basis points to 6.7%, according to a new report.
In a report released on Monday ahead of the monthly inflation print and the Reserve Bank’s monetary policy review, Deutsche Bank India economists led by […]
On Tuesday, the promoters of Inox Wind may sell a share worth Rs 500 crore in a block sale.
On the BSE, Inox Wind Ltd shares closed at Rs 210.60, down Rs 3.30, or 1.54 percent. According to individuals familiar with the process, the […]
Expect a hawkish RBI at the next monetary policy meeting.
The forthcoming RBI monetary policy is likely to keep the repo rate and attitude unchanged. Rising food inflation and anticipated commodity price disruptions may prompt […]
Reliance wants shareholder approval to re-appoint Mukesh Ambani as CEO for another five years.
Ambani has been on Reliance’s board of directors since 1977 and was appointed chairman after the death of his father, Dhirubhai Ambani, in July 2002. […]
‘Feeling lunar gravity’ as Chandrayaan reaches lunar orbit
The next operation, orbit decrease, will take place around 11 p.m. on Sunday, according to ISRO.Friday, July 14, 2023, ISRO’s Launch Vehicle Mark-III (LVM3) M4 […]
According to mSix&Partners CEO, generative AI opens up new prospects for media commerce.
In an interview with MARKETBUDDY, Jack Swayne, Global CEO of mSix&Partners, one of GroupM’s youngest agencies, underlined the tremendous influence of artificial intelligence (AI) on […]
NTPC seeks shareholder approval to issue bonds worth up to Rs 12,000 crore.
According to a notice for the AGM, the business has listed a special resolution in its annual general meeting to raise funds up to Rs […]
Century Plyboards’ first-quarter net profit falls 12% to Rs 84 crore.
According to PTI, Century Plyboard’s net revenue from operations for the first quarter of the current fiscal was Rs 882.39 crore, a slight increase over […]
Even as the Muslim side approaches the Supreme Court, the ASI will begin a survey of the Gyanvapi Mosque early Friday morning.
There are fears that the edifice, which is said to be 600 to 1,000 years old, will be harmed. New Delhi: Hours after the Allahabad […]
Oil prices are expected to rise for a sixth consecutive week as producers promise to reduce output.
By 00:42 GMT, October Brent crude futures were up 30 cents, or 0.4%, to $85.44 per barrel, while September US West Texas Intermediate crude was […]
Despite restored law and order, fear still exists: a personal narrative from Gurugram, Sohna, and Nuh
Areas like Sohna, Nuh, and Gurugram are still dealing with the fallout from recent violence in Haryana; although law and order has been restored, local […]
Reliance According to the company, Jio has completed all of its 5G rollout commitments and is prepared for testing.
According to sources, Reliance Jio has informed the Telecom Department (DoT) term cell about the rollouts that have been completed in all circles. The term […]
PM Canada Sophie Trudeau and Justin Trudeau divorce
After 18 years of marriage, Justin Trudeau, the prime minister of Canada, and his wife Sophie are divorcing after “meaningful and challenging conversations.” In an […]
Rahul Gandhi believes the conviction in the defamation case is unsupportable and once more refuses to apologize.
Rahul asserted that the offense of defaming the Modi community as a whole does not exist since there is no community or “samaj” on record […]
How India intends to cut the 47-second toll wait time to less than 30 seconds
The government also intends to switch to a payment system that is dependent on the distance traveled. At the moment, commuters pay a set toll […]
Mankind Pharma’s first quarter results showed a 66% increase in net profit and an 18% increase in sales.
The results were announced after the market had closed. Mankind Pharma Ltd.’s stock fell by Rs. 33.10, or 1.87 percent, to close at Rs. 1,738,20 […]
Communal clashes in Nuh and Gurugram resulted in 5 deaths in Haryana.
Security has been stepped up at houses of worship. To maintain peace, the police and government spoke with important members of both communities. Gurugram: A […]
Bhavish Aggarwal, the CEO of Ola, introduces the company’s newest employee, “Bijlee,” and this is why the post gets viral.
Bijlee’s blood type is listed as “PAW +ve” on her identification card, while her employee code is “440 V.” Bhavish Aggarwal, the co-founder and CEO […]
The hospitality division of the Aditya Birla Group buys a 100% share in four restaurant chains.
ABNAH announced plans to develop luxury casual dining restaurant franchises throughout India, a quickly expanding sector for organized food services. With this acquisition, ABNAH has […]
Violence During Religious Procession in Haryana Leaves 2 Dead and 7 Cops Hurt
Stones being hurled, and automobiles are being burned. Nuh violence. The cops have requested further help after previously using tear gas and firing rounds in […]
SBI issues unsecured long-term infrastructure bonds at 7.54% to raise Rs 10,000 crore.
Shares of State Bank of India closed at Rs 620.10 on the BSE, up Rs 4.05 or 0.66 percent. The third infrastructure bond offering by […]
Bosch’s first quarter results show a 22% increase in net profit and a 17% increase in revenue.
The results were announced after the market had closed. On the BSE, shares of Bosch Ltd closed the day at Rs 19,008.05, up Rs 50.95 […]
Manipur: In the Tengnoupal district, women protestors block police officers
The Manipur Police vehemently refutes the assertion made by the female protestors who are blocking the highway that there is an effort to enter Moreh […]
According to analysts, the RBI may keep the current interest rate.
In New Delhi: Despite the US Federal Reserve and the European Central Bank raising benchmark rates, analysts predict that the Reserve Bank will retain status […]
SEBI is in the early stages of simplifying customer onboarding requirements.
The markets regulator stated on Saturday that there is no intention to limit retail involvement in derivative markets, according to PTI. The capital markets regulator […]
De-oiled rice bran exports are not allowed from India after non-basmati white rice.
According to a notification released by the Directorate General of Foreign Trade (DGFT), the Indian government has with immediate effect banned the export of de-oiled […]
Taxpayers are taking the ITR deadline seriously, and the “Do it yourself” method is becoming more popular. Its Archit Gupta, Clear
ITR submission: July 31, 2023, is the deadline for submitting an ITR for the fiscal year 2022–2023 (assessment year 2023–24). Sanjay Malhotra, the revenue secretary, […]
Chhota Rajan is exonerated in the murder of labor unionist Datta Samant by a Mumbai court.
Rajan was detained in Indonesia’s Bali on October 2015. Later, all of the complaints filed against him were taken up by the CBI. The mobster […]
Travel and entertainment expenditures are increasing, and Mastercard is back to growing its profits.
According to Refinitiv IBES statistics, Mastercard’s earnings of $2.89 per share exceeded the forecast of $2.82 per share. In the second quarter, Mastercard’s earnings increased […]
In separate occurrences, Hyderabad customs seized 34,800 international cigarettes and almost 90 lakh rupees worth of gold.
According to the Hyderabad GST and Customs Zone, the authorities made two separate seizures of 34,800 foreign cigarettes and gold worth Rs 94.99 lakhs that […]
In more than four years, Securities and Exchange Board of India (SEBI) has received 4,085 complaints alleging corporate governance violations.
According to PTI, Securities and Exchange Board of India(SEBI) has received complaints against a number of corporations over the past four and a half years, […]
Meghalaya: Bharatiya Janata Party members among 18 people detained following attack on CM’s office
When Chief Minister Conrad K. Sangma was meeting with representatives of the Achik Conscious Holistically Integrated Krima (ACHIK) and Garo Hills State Movement Committee (GHSMC), […]
In the first quarter, Mahindra logistics company reports a net loss of Rs 9 crore.
According to a BSE filing,mahidra logistics declared a net profit of Rs 13 crore for the months of April and June in 2022–23. For the […]
chennai petroleum corporation limited sales declines 36% while its net profit drops 77% to Rs. 548 crore.
The results were announced after the market had closed. On the BSE, shares of chennai petroleum corporation limited share price closed the day at Rs […]
Adani Capital and Adani Housing will be purchased by Bain Capital for 90% each.
The Adani family would have almost completely sold off their participation in the 2017-launched shadow banking industry through this deal. A well-known international private investment […]
US Fed interest rate decision and quarter earnings are expected to drive markets this week, according to analysts
This week’s attention will also be on the movement of the rupee versus the US dollar and Brent crude, the world’s standard for oil. The […]
Results from ICICI Bank’s first quarter show a 40% increase in standalone profit and higher net interest income.
For the June 2023 quarter, ICICI Bank reported a 40% increase in standalone net profit at Rs 9,648 crore. Net interest income for the bank […]
Can India maintain its pace after attracting Rs 75,000 crore from FIIs in only three months?
With an investment of Rs 75,000 crore over the last three months, foreign institutional investors (FIIs) have demonstrated an exceptionally high level of optimism toward […]
Paytm’s Q1 deficit shrinks to Rs 358.4 crore while revenue increases 39%.
The company’s operating revenue climbed by 39.4% to Rs 2,341.6 crore in the reporting quarter from Rs 1,679.6 crore in the quarter ending in June […]
Revenue for Reliance’s oil to chemical business fell 18% in the first quarter due to recessionary concerns and sluggish demand.
Destocking due to recessionary worries and rising borrowing rates, as well as a slower than anticipated ramp-up in China markets, all had an influence on […]
After Q1 reports on Friday, would Infosys shares decline? What investors need to know
The substantial revenue reduction in the projection, in turn, may have a negative read-through on Infosys’ first quarter earnings performance for the stock, according to […]
Quick Heal Technologies reports a net loss of Rs. 13 crore for the first quarter.
The company’s sales decreased by 16 percent, from roughly Rs 61 crore in the first quarter of FY22 to Rs 51.4 crore in the quarter […]
To stop OpenAI, Apple tries “Apple GPT” and creates generative AI tools.
After Bloomberg reported on the AI initiative on Wednesday, Apple shares rose as much as 2.3 percent to a new high of $198.23, reversing earlier […]
Within the next five years, Wholsum Foods hopes to reach a revenue of Rs 500 crore.
Within the next ten years, the firm wants to have an influence on the lives of 100 million people, Meghana Narayan revealed in an exclusive […]
According to CEO Vinod Kannan, the Vistara-Air India merger is anticipated to be authorized by April 2024.
Kannan reassured people who were worried about possible job losses that there would be no downsizing after the merger. Instead, he emphasized how many more […]
India and the US settle all six WTO trade cases amicably: Official
According to a communication from the WTO dated July 17, “The United States and India are pleased to notify the DSB (dispute settlement body) that […]
Prices for tomatoes range up to Rs 250/kg; the center sells them for Rs 90/kg in Delhi-NCR, Patna, and Lucknow.
On behalf of the Center, tomatoes are being sold via mobile vans operated by the National Cooperative Consumers’ Federation of India (NCCF) and the National […]
Results from DMart’s first quarter show a slight increase in net profit to Rs 695 crore and an 18% increase in revenue.
Avenue Supermarts, owner of the retail brand DMart, saw an increase in operating profit of 2.8 percent to Rs 1036 crore from Rs 1008 crore […]
Before its IPO, Netweb Technologies receives Rs 189 crore from anchor investors.
The business has chosen to distribute a total of 22 lakh equity shares to domestic mutual funds through a total of 19 schemes totaling Rs […]
More than 500 new crew members will join Air India in each of the upcoming months, according to CEO
500 new crew members will join Air India in each of the upcoming months as part of the airline’s ambitious overhaul under the Tata Group’s […]
Contracts have been negotiated to link ONGC’s natural gas resources to the North East Gas Grid.
ndradhanush Gas Limited (IGGL) and Oil and Natural Gas Corporation (ONGC) have agreements in place to transport natural gas from ONGC’s gas fields in Jorhat, […]
To compete with OpenAI, Elon Musk establishes the AI company xAI.
Elon Musk, the CEO of Tesla and owner of Twitter, will serve as the startup’s CEO. Musk has previously stated that the development of AI […]
The US FDA approves Aurobindo Pharma’s division to produce and sell tablets containing sevelamer hydrochloride.
On the BSE, Aurobindo Pharma Ltd. shares closed the day at Rs. 732.45, down Rs. 3.65 or 0.50 percent. Aurobindo Pharma Ltd, a pharmaceutical company, […]
Results for HCL Tech’s first quarter show a little increase in net profit at Rs 3,534 billion and a declared dividend of Rs 10.
On a sequential basis, HCL Tech’s net profit, which was Rs 3,983 crore in the March quarter (Q4FY23), dropped by 11% in Q1FY24. Additionally, for […]
Through NCDs, Adani Enterprises raises $1,250 million.
On the BSE, Adani Enterprises Ltd. shares closed the day at Rs 2,421.80, up Rs 11.65 or 0.48 percent. The flagship firm of billionaire Gautam […]
‘Launch rehearsal’ for Chandrayaan-3 mission is carried out by ISRO
On July 14, at 2.35 p.m., the mission is scheduled to launch from the spaceport in Sriharikota in Andhra Pradesh on a Launch Vehicle Mark […]
Happiest Minds has launched a QIP with a floor price of Rs 972.16 per share.
Happiest Minds wants to collect up to Rs 500 crore through the QIP to support its expansion goals, according to MARKETBUDDYS, citing sources. Happiest Minds’ […]
Meta’s Threads surpasses ChatGPT as the fastest-growing platform, with 100 million sign-ups in 5 days.
Threads has smashed user growth records since its introduction on Wednesday, with celebrities, politicians, and other newsmakers flocking to the site, which experts regard as […]
LIC outperforms private life insurers in June 2023, recording substantial premium growth.
Individual premiums for LIC increased somewhat in June 2023, up 0.14 percent to Rs. 4,294.62 crore from Rs. 4,288.83 crore in June 2022. On Monday, […]
CarTrade Tech will buy OLX India B.V.’s whole share in Sobek for Rs 537 crore.
Cartrade Tech Ltd shares closed at Rs 486.85, down Rs 8.55, or 1.73 percent, on the BSE. CarTrade Tech Ltd said on Monday that it […]
Bottomline: Patience is a virtue to possess while investing.
Investment patience is a virtue, and its significance is frequently understated. In 1988, Warren Buffett made a purchase of Coca-Cola. With dividends excluded, the growth […]
Employees at Flipkart will get a cash payment of $700 million.
Flipkart intends to compensate its workers for the loss of share value brought on by PhonePe’s split with a $700 million cash compensation, coordinated by […]
Expert: AI is a potent tool for marketers to comprehend and interact with their target audience.
It is impossible to overstate the importance of artificial intelligence in advertising in a world where customers are exposed to a wide range of touchpoints […]
In its third online auction, FCI will offer 4.29 lakh tonnes of wheat and 3.95 lakh tonnes of rice on July 12.
According to PTI, Food Corporation of India would sell inventories of wheat and rice through an online auction as part of the Open Market Sale […]
The Suzlon Energy board authorizes a plan to raise Rs 2,000 crore.
According to a BSE filing, the business would investigate alternative financing options to raise the money. Suzlon Energy Ltd., a provider of renewable energy solutions, […]
The Bhutan unit of Punjab National Bank receives investment of Rs. 72.83 crore.
PNB stated in a regulatory filing that the investment in the rights issue was made on July 7, 2023, through participation in the offering of […]
The US will give Ukraine cluster bombs as part of a new military aid program.
The choice was made despite widespread worries that the contentious bombs may kill innocent civilians. The Pentagon will supply bombs with a lower dud rate, […]
Gross margin improvement is anticipated to be aided by moderated inflation: Dabur
According to Dabur, its combined business, which includes the newly purchased Badshah Masala, is anticipated to increase by more than 10%. Dabur India, a local […]
India’s exports through Amazon Global Selling are expected to surpass USD 8 billion this year.
According to Amazon’s shipments Digest 2023, the program’s shipments from India totaled USD 5 billion in the previous year. According to Amazon, Indian exporters’ total […]
25% more volume is produced by Adani Wilmar in the first quarter of FY24.
On the BSE, Adani Wilmar Ltd. shares finished the day at Rs. 406,95, down Rs. 0, or 0.20 percent. The largest producer of edible oils, […]
LIC sells 2% of its Indian stock now owns 3.83% of Cement
The Life Insurance Corporation of India (LIC) said that between November 2007 and July 2023, it sold a little over 2% ownership in India Cement […]
Wimbledon: The crowd applauds Roger Federer for one and a half minutes.
Tennis great Roger Federer, who has won 20 grand slam titles, was honored during a brief ceremony on Tuesday at Wimbledon as he entered the […]
77.40% of retailers accept the Wipro buyback, and it generates double-digit returns in just 18 days.
The acceptance rate adhered to the pattern witnessed in the company’s previous four buyback offers, which saw it fluctuate between 50 and 100 percent. In […]
The board of IDFC First Bank authorizes the merger, and the share distribution ratio is disclosed.
On the BSE, shares of IDFC First Bank Ltd closed the day at Rs 81.94, up Rs 2.54 or 3.20 percent. The merger of IDFC […]
According to an RBI report, the percentage of home loans in all advances increased to 14.2% in just 11 years.
According to the data, residential home loans now account for 14.2 percent of all loans, up from 8.6 percent in March 2012 during the previous […]
Promoters of TP Power and Adani Transmission sold their shareholding on the last trading day of June.
On June 30, the final trading day of the week, promoters from a number of firms, including TP Power, Adani Transmission, and Easy Trip Planners, […]
Debadatta Chand is appointed MD of Bank of Baroda.
According to a statement from BoB, he has replaced Sanjiv Chadha, whose term as leader expired on June 30, 2023. Debadatta Chand began serving as […]
Through a QIP, Aditya Birla Capital raises Rs 3,000 crore.
Public Sector Pension Investment Board (PSP), BlackRock, Capital Group, Norges Bank, Royal Bank of Canada, M&G Investments, Abu Dhabi Investment Authority (ADIA), Massachusetts Institute of […]
In a case involving hiring bribes, TCS fired six workers and barred six staffing companies: Chandrasekaran, N.
Chairman Chandrasekaran provided an overview of the full inquiry process during his remarks at the TCS annual general meeting. He also mentioned that three further […]
MQ-9B drones cost 27% cheaper in India; discussions have yet to begin: Sources
The cost of the drones given by the US government is estimated to be USD 3,072 million. This works out to USD 99 million each […]
Gold falls to a nearly 4-month low as aggressive Fed predictions come true.
After falling to its lowest level since mid-March at 1:43 p.m. EDT (1743 GMT), spot gold climbed 0.1% to $1,912.49 per ounce. U.S. gold futures […]
The World Bank will provide Himachal Pradesh $200 million for electricity sector reforms.
According to a statement made by the chief minister, Sukhvinder Singh Sukhu, the World Bank money is anticipated to be available starting in August 2023 […]
22 companies submitted bids for industrial coal mining, including Jindal Steel and Hindalco Industries.
Nine completely explored mines with a combined peak rated capacity (PRC) of 47.80 million tonnes per year (MTPA) were included in the 17 mines that […]
Strategic Space Dialogue strengthens India and France’s cooperation in space
According to the PTI, India and France intend to create a “constellation” of eight to ten satellites for maritime surveillance to track the management of […]
The second-largest road network in the world is in India after growing by 59% in just 9 years: Gadkari
The minister stated that the Northeast region’s road highway network is now receiving special attention. In the area, projects totaling more than Rs 2 lakh […]
The losses at Swiggy rose by 80% to $545 million: Prosus
Swiggy lost over $545 million in FY23, a year in which it generated almost $900 million in revenue. According to a Prosus report, it suffered […]
Date of the HDFC-HDFC Bank merger will be announced soon, and shares are up roughly 2%.
HDFC-HDFC Bank merger: On June 30, after business hours, each company’s board of directors will meet separately. This will be the final board meeting for […]
ICICI Prudential receives a GST demand letter for Rs. 492 crore after HDFC Life.
On the BSE, ICICI Prudential Life Insurance Company Ltd. shares closed the day at Rs. 563.80, up Rs. 7.55 or 1.36 percent. The Directorate General […]
Following Russian political unrest, oil prices have increased.
According to Price Futures Group analyst Phil Flynn, who was quoted by Reuters, Saudi Arabia’s commitment to reduce output starting in July, the possibility of […]
Government’s e-Marketplace may soon allow booking of Uber by government employees.
As pilot orders are being made for the service, which is shortly to go live, government employees may soon be able to reserve Uber for […]
PM Modi will visit Cairo’s famous Al-Hakim Mosque, which the Dawoodi Bohra sect helped rehabilitate.
According to India’s ambassador to Egypt, Ajit Gupte, “Our Prime Minister will also visit the historic Al-Hakim Mosque, which was built in the 11th century […]
Facebook will stop providing news in Canada due to new legislation around compensating publications
The government “will engage in a regulatory and implementation process” when the law is put into force, according to Pablo Rodriguez, the heritage minister who […]
Digital public infrastructure aided in making the best use of taxpayer funds and boosted efficiency: FM
“In India, DPI has brought greater efficiency in the government system, better utilization of funding for those women who so desperately need it,” said Finance […]
Beginning of monsoon impacts sales of gasoline and diesel
Diesel consumption, which makes up approximately two-fifths of the total fuel demand in the nation, decreased 6.7% to 3.43 million tonnes from June 1 through […]
Net direct tax receipts have increased 11% this fiscal year to Rs 3.80 lakh crore.
Before accounting for refunds, the overall direct tax collection for FY24 totaled Rs 4.19 crore, representing an increase of 12.73%. Additionally, refunds totaling Rs 39,578 […]
For Rs. 100 crore, CDPQ sells its 0.89% share in Piramal Pharma.
According to the National Stock Exchange’s (NSE) bulk deal statistics, CDPQ sold 1,05,70,466 shares in total, representing a 0.89 percent interest in Piramal Pharma. The […]
India halts the supply of rice and wheat to state governments under the OMSS program to limit price increases
India halts the supply of rice and wheat to state governments under the OMSS program to limit price increases The Centre has stopped selling rice […]
The June 12 IPO for Urban Enviro Waste Management is scheduled.
The company announced in a statement that its shares will be listed on the NSE EMERGE, a platform for small and medium-sized businesses. Urban Enviro […]
Odisha train disaster | Expert: CBI investigation should have come first after the railway inquiry
Sandeep Pathak, a Rajya Sabha member for the AAP, has noted that the Railways have not placed a high priority on safety. He emphasized the […]
HUL plans to make acquisitions in the luxury cosmetics market.
Exclusively for MARKET BUDDY, HUL CFO Ritesh Tiwari discusses the’masstige’ beauty market’s growth potential and potential acquisition targets for HUL. Hindustan Unilever Ltd., the largest […]
Adani Road Transport cancels agreement to purchase Macquarie Asia Infra’s toll road portfolio in Gujarat and Andhra Pradesh.
According to Adani Enterprises, subject to regulatory clearance, ARTL would purchase a 100% share in STPL and 56.8% of GRICL on August 4, 2022. Adani […]
FAME subsidy withdrawn; Ola Electric reports robust e-scooter demand despite price increases
Manufacturers of electric vehicles have raised their prices as a result of the government’s reduction in the FAME subsidy for electric scooters in India, which […]
Anil Agarwal claims that the government would definitely sell its share in Hindustan Zinc.
Hindustan Zinc now has a government ownership holding of 29.54 percent and a public shareholder investment of 5.54 percent. The promoter of HZL is mining […]
9 Years of Modi Government: According to a former NITI Aayog vice president, India must concentrate on reviving private investment and capital.
Rajiv Kumar, a former vice-chairman of NITI Aayog, believes that reviving private capital should be India’s top priority. This may be accomplished by improving efforts […]
Results for Q4 from Adani Ports: Net profit increases by 5%; dividend of Rs. 5 per share announced
Total revenue for the quarter ending in March was Rs 5,797 crore, an increase of 40%. On the BSE, Adani Ports and Special Economic Zone […]
IRCTC reports a 30% increase in net profit for the fourth quarter, reaching Rs 279 crore.
The results were announced after the market had closed. Indian Railway Catering and Tourism Corporation Ltd.’s shares closed at Rs. 645.60 on the BSE, up […]
Russian strike in the Donetsk area results in two deaths and eight injuries.
2Russian high-explosive aerial bombs, according to Ukrainian authorities, were employed in the strike, which destroyed a gas station and a multi-story structure in the little […]
Motilal Oswal recommends buying Brigade Enterprises with a target price of Rs 720.
In its research report dated May 25, 2023, Motilal Oswal recommends a buy rating on Brigade Enterprises with a target price of Rs 720. Brigade […]
Gunjan Verma is sanctioned by SEBI for offering unregistered investment advising services.
Gunjan Verma, who has been providing unregistered investment advice to customers since 2018, has been found to be in breach of the SEBI Act, according […]
The stock increase in ITC has further legs, and experts are optimistic
ITC’s fourth quarter (Q4) results were solid, with substantial growth in the fast-moving consumer goods (FMCG) category and a great showing in the hotel sector. […]
M&M enters the world’s top 25 as earnings exceeds Rs 10,000 crore in FY23.
M&M’s net profit in FY23 was driven by successful major launches in the automotive business as well as exceptional results from its agricultural equipment and […]
SC declines to consider PIL seeking President Obama’s inauguration of the new Parliament building
The petition comes amid an increasingly heated debate between the BJP-led Centre and around 20 opposition parties over who should open the new Parliament building. […]
Concerns over the Sony merger have been resolved, according to Zee.
According to the firm, FY23 was a difficult year for the whole media and entertainment sector due to low ad expenditure, a protracted delay in […]
PhonePe is the first payment app to connect 2 lakh Rupay credit cards to UPI.
The business has already allowed Rupay Credit Card acceptance via UPI over 12 million merchant outlets in the country, giving it the most merchant penetration […]
Nikon India anticipates India to be among the top three markets in FY24, with double-digit growth.
The company, which is best known in India for its imaging equipment, is also increasing its healthcare business and anticipates the segment’s contribution to grow […]
Shares of HDFC Bank at Rs 1,960? Analysts predict that the stock will rise by up to 21% following the management meeting.
The cost-to-income ratio may stay sticky in the short term, but it might fall below 30% over the following ten years as a result of […]
Vedanta announces its first interim dividend for FY24, comparing it to the prior six fiscal years.
Vedanta paid out around Rs 217.65 per share in dividends to investors throughout the course of the previous six fiscal years. While the shares have […]
CEO B Govindarajan of Royal Enfield plans to introduce distinctively different electric bicycles.
The business intends to invest in EV product development, EV production, and product development for its line of internal combustion engines. CEO of Royal Enfield, […]
SEBI suggests strict monitoring and reporting procedures for AMCs.
AMCs must periodically submit an Action Taken Report on actionable alerts to SEBI, the Trustees of Mutual Funds, and the Board of Directors of AMCs. […]
A loss of Rs 2.4 lakh crore! A year after their initial public offering, LIC shares trade at a 40% discount to the IPO price.
The insurer now has a market capitalization of Rs 3.6 lakh crore, down from Rs 6 lakh crore when it went public. LIC was India’s […]
Medico Remedies has completed the pilot production of its new Palghar ointment manufacturing factory.
According to an exchange filing, the new 15,000-square-foot production building was built close to the old factory, which makes tablets and other pharmaceuticals. On Saturday, […]
Adani Enterprises plans a 12,500 crore private share sale to replenish its coffers.
The amount of money Gautam Adani hopes to raise through Adani Enterprises and Adani Transmission is close to the Rs 20,000 crore sum he sought […]
Dixon’s CEO predicts that yearly revenue would exceed Rs 20,000 crore by 2027.
Dixon Technologies CEO Atul Lall predicted that growth rates will return to the previous five-year pattern of a compounded annual rate of 13 percent. By […]
Money laundering case: ED freezes Manappuram Finance MD and CEO’s assets worth Rs. 143 billion
The searches that were started on Wednesday covered a total of six locations in Thrissur, where the firm is based. Following raids as part of […]
Meet the four changemakers praised by PM Modi in the 100th episode of ‘Mann Ki Baat.’
On Sunday, PM Modi’s radio show “Mann Ki Baat” celebrated its 100th edition. In the 100th episode, PM spoke with four Indian changemakers who had […]
For Rs 16 crore, a Coromandel subsidiary buys an additional 7.4% of Dhaksha Unmanned Systems.
On April 28, 2023, Coromandel reported in an exchange filing that it had acquired 951 equity shares for Rs 10 apiece, or 7.40 percent of […]
Wipro Q4 Results: Current quarter projection falls short, revenue remains steady but meets expectations
Wipro anticipates constant currency revenue to fall by 3% to 1% in the current quarter. It anticipates that the IT services industry, comprising the India […]
Before the 100th episode, PM Modi’s Mann Ki Baat attracted at least 100 crore viewers.
According to Gaurav Dwivedi, CEO of Prasar Bharati, the poll was conducted to obtain more comprehensive feedback on the whole program rather than specific episodes. […]
Pilot unions at Air India said they would stop at nothing to defend their members.
The two Air India pilot unions have issued a warning that they will stop at nothing to defend their members in the event that they […]
Mankind Pharma obtains Rs 1,298 crore through an anchor book in advance of its IPO.
Prior to the start of its maiden share offer, which is expected to open for subscription on April 25, Mankind Pharma stated on Monday that […]
Pramod Goenka, a’missing’ businessman, is being investigated by the CBI for ‘bank fraud’ of Rs 405 crore.
The CBI FIR relates to credit facilities given by SBI to Pramod Goenka’s Yash Jewellery that were allegedly not returned, causing the account to become […]
GST evasion: Tax collectors use data analytics to find a’missing link’ in the supply chain
With over Rs 1 lakh crore in GST evasion found in the fiscal year ending March 31, the Directorate General of GST Intelligence (DGGI) has […]
PM Modi in the spotlight at the World Buddhist Summit
The two-day summit is seen as an attempt by the Indian government to strengthen India’s status as a prominent actor in Buddhism. This is especially […]
March 2023 net sales for Reliance Consolidated were Rs 216,376.00 crore, up 2.12% year over year.
Reliance Industries’ reported Consolidated Quarterly Numbers show that. Net Sales in March 2023 were Rs 216,376.00 crore, an increase of 2.12% from Rs 211,887.00 crore […]
ITC stock reaches record high and joins club with Rs 5 trillion market worth.
ITC’s broad conglomerate Thursday joined a select group of companies with a market capitalization of Rs 5 trillion thanks to consistent rises in its shares […]
Oil prices rise as strong Chinese data counters concerns about US interest rates.
By 12:48 p.m. ET (1648 GMT), Brent crude was up 49 cents, or 0.6%, to $85.25 per barrel, while West Texas Intermediate was up 49 […]
Railways earns a record Rs 2.40 lakh crore in income in 2022-23.
In 2022-23, freight income increased by approximately 15% from the previous year to Rs 1.62 lakh billion. According to a ministry statement issued on April […]
COAI says telcos being mindful of service quality in 5G rollout
According to SP Kochhar, Director General of the Cellular Operators’ Association of India (COAI), the pace of 5G rollout in India “is the quickest in […]
Concerned about the effect of digital media on politicians, the Union Law Minister
Kiren Rijiju, the Union Law Minister, emphasised that all three institutions of government should function together and that disagreements are a necessary component of democracy. […]
The RBI may extend its moratorium on rate increases; its next action will be based on economic data. Economists
Shaktikanta Das, governor of the RBI, stated that the current situation “is a stop and not a pivot” since the MPC needed to determine the […]
India was elected to the United Nations Statistical Commission for a four-year term.
India’s strength in statistics, diversity, and demography has won it a place on the UN Statistical Commission, according to Foreign Affairs Minister S. Jaishankar. India […]
In the March quarter, HDFC Ltd. registers 12% loan growth.
In the previous fiscal year, the company had assigned (sold) loans worth Rs 8,367 crore, according to a regulatory filing by HDFC Ltd. Mortgage lender […]
On the final trading day of FY23, the Sensex and Nifty both increase by about 2% on strong global trends.
The 30-share BSE Sensex rose 1,031.43 points (1.78%) to close at 58,991.52 on the last day. The NSE Nifty, a wider index, increased 279.05 points, […]
Sebi discontinues payment to middlemen by demand draught.
The regulator has decided to make amendments to the Securities Lending Program, requiring intermediaries to submit the fee due by direct credit into the bank […]
The Gujarat government paid Adani and Tata businesses Rs 16,900 crore over two years to purchase power.
The state Legislature was informed on Monday that the Gujarat government has paid Adani Power and Tata Power a total of Rs 16,900 crore for […]
Apple said it will take action against employees who don’t show up to work at least three days a week: Report
Tim Cook, the CEO of Apple, previously referred to remote work as the “mother of all experiments” and insisted that it wasn’t a less productive […]
The RBI’s central board meets to discuss the global and domestic economic situations.
The Reserve Bank of India (RBI) Central Board of Directors met for the 601st time in Hyderabad, presided over by Governor Shaktikanta Das. The governing […]
What investors should know about trading and settlement holidays
Trade and settlement holidays exist to provide a respite from the daily routines of trading and settlement. What is a holiday for settlement? A:settlement holiday […]
For the purpose of distribution in Nashik, Adani Transmission integrates Adani Electricity Nashik.
It intends to use a parallel distribution licence in the city. Adani Transmission has formed a subsidiary, Adani Electricity Nashik Ltd, to handle distribution in […]
Partnering with Shiprocket to improve e-commerce delivery services is India Post.
India Post, Shiprocket, and Pickrr signed the Memorandum of Understanding (MoU) at Dak Bhawan. In order to improve its last-mile delivery services for various e-commerce […]
Is the oil hot? In the midst of global turbulence, falling crude prices improve India’s prospects.
The forecast for oil consumption has been negatively impacted by financial sector difficulties, although India is now in a macroeconomic sweet spot. The cost of […]
Microsoft overtakes Apple to become the most valuable firm in the world.
According to Reuters, Apple’s shares fell 0.9% for the first time since 2021, and as a result, Microsoft momentarily surpassed Apple to become the most […]