CATEGORIES

Nifty short-term trend to remain volatile

The Indian benchmark indices continued to be volatile during the week, and it actually traded in the band of 23,816-24,500, which is nearly 650 points.

Why US Tariffs on Chinese Solar Panels Are a Win for India

The ongoing trade war between the U.S. and China has impacted many industries, especially the solar energy sector. The U.S. has imposed heavy tariffs on Chinese solar panels, presenting a significant opportunity for Indian companies.

Ola Electric posts net loss of ₹495 cr in Q2

Ola Electric Mobility on Friday reported narrowing of consolidated net loss at Rs 495 crore for the second quarter ended September 30, 2024 aided by higher sales.

SBI Q2 PAT jumps 23% to ₹19,782 cr

Non-interest income grew 42% to Rs 15,271 crore helped by gains on forex and treasury

Tatas said to choose S'pore as key partner for chips play

Tata Sons will choose Singapore as a \"key partner\" for its semiconductor plans, a senior minister from the city-state said on Friday.

Vedanta swings to black, posts Q2 net profit of ₹4,352 crore

Mining conglomerate Vedanta Ltd on Friday reported a consolidated net profit of Rs 4,352 crore in the September 2024 quarter on the back of lower tax expenses.

LIC posts ₹7,621 cr net profit in Q2

State-owned insurer LIC on Friday reported a 3.8 per cent decline in net profit to Rs 7,621 crore for the quarter ended September 30 on lower other income and amortisation of Rs 464 crore due to an increase in family pension.

TRAI open house sees Jio, Airtel spar with Starlink, Amazon over satcom spectrum norms

Reliance Jio and Bharti Airtel clashed with satellite players that are eyeing India's lucrative satcom market at TRAI's open house discussion on Friday, as telecom operators made a spirited pitch for a level-playing-field among the \"competing\" \"substitutable services\" and satcom companies argued that justification for administrative assignment of radiowaves is \"techno-economic\".

Maruti Suzuki ties up with HSBC India for inventory funding

Maruti Suzuki India on Friday said it has inked a pact with Hongkong and Shanghai Banking Corporation India for inventory funding.

TaMo Q2 PAT falls 9.9% to ₹3,450 crore

Tata Motors on Friday reported a 9.9 per cent decline in consolidated net profit to Rs 3,450 crore for the second quarter ended September 2024, mainly impacted by lower sales.

PFC Q2 profit rises 9% to ₹7,215 crore

State-owned Power Finance Corporation (PFC) on Friday posted nearly 9 per cent rise in consolidated net profit at Rs 7,214.90 crore for September quarter mainly on the back of higher revenues.

Trump's presidency may benefit India, ASEAN nations: Moody's

Donald Trump's presidency may see trade and investment flows diverting away from China as the US tightens investments in strategic sectors, but this shift might benefit India and ASEAN countries, Moody's Ratings said on Friday.

Air India rejigs sr management ahead of Vistara merger

Air India Group on Friday announced a rejig at the senior management level ahead of the merger of Vistara with Air India.

Gilts surge; traders cover short bets as US yields fall post FOMC

Prices of government bonds ended higher as traders covered short bets after a sharp fall in US Treasury yields overnight.

200 Indian women entrepreneurs set to raise ₹850 crore from investors

At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.

Govt advances release time of GDP data by 90 mins to 4 pm

The Ministry of Statistics and Programme Implementation (MoSPI) on Friday said it has advanced the release of macroeconomic data Gross Domestic Product (GDP) estimates by about 90 mins to 4 pm.

Govt launches ₹500 cr scheme to support medtech industry

The government on Friday launched a scheme with an outlay of Rs 500 crore for strengthening critical areas of the medical device industry, according to an official release.

‘India, ASEAN collaboration can be crucial in tackling contemporary issues’

India and ASEAN are major demographies and their collaboration can be crucial in tackling contemporary issues, ensuring food and health security and addressing political challenges in the shared region like Myanmar, External Affairs Minister S Jaishankar said on Friday.

RBI's shift to neutral stance have eased concerns of widening credit-deposit gap: Jefferies

The Reserve Bank of India's (RBI) shift to a neutral liquidity stance is expected to ease liquidity concerns, says a report by investment banking and capital market firm Jefferies.

China unveils $839 bn debt swap to rescue local govts

China on Friday approved a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt, in the latest push to rev up growth in the world's second largest economy.

NSE poised to boost commodities mkt with new contracts in coming months

The National Stock Exchange of India (NSE) is gearing up to strengthen its commodities segment with plans to roll out new contracts in the next few months, an NSE official said on Friday.

Irdai Chairman pitches for 100% FDI in insurance sector

Irdai Chairman Debasish Panda on Friday pitched for 100 per cent foreign direct investment in the insurance sector, saying a lot of capital is needed to achieve the goal of 'insurance for all' by 2027.

India's decision to opt out of RCEP agreement strategically sound: GTRI

Trust issues with China

India's forex reserves drops by $2.67 bn to $682.13 billion

India's foreign exchange reserves fell by $2.6 billion to $682.13 billion as of November 1, data released by the Reserve Bank of India (RBI) showed on Friday.

Rupee falls 5 paise to hit new all-time low of 84.37 against USD

Declining for the third straight session, the rupee dropped 5 paise to hit a new lifetime low of 84.37 against the US dollar on Friday, weighed down by persistent foreign fund outflows and a muted trend in domestic equities.

Mkts fall for second day on FII selling; RIL major drag

Sensex declines 55.47 pts, Nifty dips 51.15 points

Advent of spiritual guru in contest in Basmath

A direct fight was expected between NCP (Ajit Pawar) candidate Raju Navghare and his political guru, NCP (Sharadchandra Pawar) candidate Jaiprakash Dandegaonkar, in the Basmath assembly constituency. However, with the entry of spiritual guru Gurupadeshwar Shivacharya Maharaj, the contest is now likely to be triangular.

Triangular poll battle expected in Kalamnuri

The assembly polls in Kalamnuri constituency in Hingoli district will be held on November 20, with the results to be declared on November 23.

Excise seizes illicit liquor

Against the backdrop of the implementation of the Model Code of Conduct (MCC) for the upcoming assembly polls, the state excise department took a strict stand against illicit liquor smuggling in the district.

BJP still jittery about Jarange

JALNA | No direct fight between BJP and Jarange