Domestic benchmarks BSE Sensex and NSE Nifty50 opened lower on Thursday amid largely negative cues from global markets. Losses in IT shares led the headline indices lower. The Sensex was at 60,832.20 points, down 0.38% and the Nifty was at 18,102.65 points, down 0.35% at 02:38 PM on Thursday. Here are three stocks that hit [...]
On Wednesday, the State Bank Of India (SBI), one of India’s biggest banks raised over ₹ 9,700 crores by issuing its infrastructure bonds in its second tranche. SBI stated that it raised ₹9,718 crores through its second infrastructure bond issuance, at a coupon rate of 7.7 percent per annum for a tenure of 15 years. [...]
Asian Paints Ltd on Thursday reported a 6.4 per cent rise in consolidated net profit at Rs 1,097.06 crore in the third quarter ended December 2022. The company had posted a consolidated net profit of Rs 1,031.29 crore in the same period last fiscal, Asian Paints said in a regulatory filing. Consolidated revenue from operations [...]
The shares of Rallis India fell 6.80% to reach an intraday low of ₹ 228.80 apiece on the National Stock Exchange (NSE) after the company declared its results for the October to December quarter (Q3FY23). Rallis India shares were trading at ₹ 231.75, down 5.58% at 12:37 PM on Thursday. 1342570 shares changed hands on [...]
Vedanta's Cairn Oil & Gas on Thursday announced the appointment of Nick Walker as the new chief executive officer (CEO) of the company. In a statement, the company said the appointment is effective January 5. "Before this appointment, Walker was president and chief executive officer at Lundin Energy, one of the leading European independent E&P [...]
Industry body CMAI on Thursday said it has signed an agreement with AREAS to ensure exchange of knowledge on policy and regulatory related developments and innovation in carbon market and enhance setting up of renewable energy projects. AREAS (Association of Renewable Energy Agencies of States) is a society which has been set up for regular [...]
Walmart-owned digital payments app Phonepe on Thursday said it has raised USD 350 million at a valuation of USD 12 billion in a funding round led by private equity firm General Atlantic. "Marquee Global and Indian investors are also participating in the round," PhonePe said in a statement adding the investment marks the first tranche [...]
The commerce department is in talks with the Australian government for bringing in investments in clean air technology, mining, education, and research and development in the country, additional director general of foreign trade Tapan Mazumder said on Wednesday. The Department of Commerce is having talks with the Australian government for bringing in investments in clean [...]
Maruti Suzuki India on Thursday said it has commenced exports of mid-sized sports utility vehicle Grand Vitara, with the first shipment on its way to Latin America. The country's leading carmaker and exporter aims to export the model to more than 60 countries across Latin America, Africa, Middle East, ASEAN and neighboring regions. "Supporting Government's [...]
An Indian farmer recently used a ChatGPT interface to access an opaque government programme via the internet despite knowing only a local dialect, Microsoft chief Satya Nadella said on Wednesday to underline that the world is entering a golden age of artificial intelligence. Recent breakthroughs in the AI space and products like ChatGPT are capturing [...]
