iPhone-maker Apple is looking to scale up its manufacturing in India as the business environment is helping global firms make the country their base, Commerce and Industry Minister Piyush Goyal said on Monday. He said that India offers a rule of law, and transparent government policies and business models which help it become a preferred [...]
The shares of Yes Bank Limited fell by more than 8 percent on Monday and were trading at Rs 18.25 levels till the afternoon. The scrip fell after it announced two major setbacks. The first is the sharp decline in its quarterly profits. Yes bank saw a 79 percent dip in its consolidated December quarter [...]
The shares of Servotech Power Systems Limited hit an upper circuit of 5 percent at Rs 191.45 in the early hours of Monday. The scrip gained after the company reported robust Q3 results. In Q3FY23, Servotech reported a total revenue of Rs 83.27 crore which is a jump of more than 101 percent from R [...]
Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago. The orders were bagged by the ‘solutions’ business unit in the domestic and international markets during the first three quarters FY23, showing a growth [...]
Canara Bank on Monday reported 92 per cent jump in profit at Rs 2,882 crore for the quarter ended December 2022, helped by a rise in interest income and decline in bad loans. Its net profit stood at Rs 1,502 crore in the same quarter of the preceding financial year. Total income increased to Rs [...]
The Indian equity indices opened in green on Monday with BSE Sensex rising 250 points or 0.41% to 60,871.44 and the NSE Nifty 50 climbing 78.30 points or 0.43% to 18,105.95. As the markets trade in the green, here are 6 stocks recommended by analysts for an upside of up to 43%: PVR Ltd ICICI [...]
Thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs at companies like Google, Microsoft and Amazon, are now struggling to find new employment within the stipulated period under their work visas following the termination of their employment to stay in the country. According to [...]
Sales of residential properties in Gurugram jumped over two-fold to 32,617 units last year on higher demand across all price categories — affordable, mid-income and luxury, according to Anarock. Housing sales stood at 15,590 units in Gurugram during 2021 calendar year. Overall, the housing sales in Delhi-NCR rose 59 per cent to 63,712 units in [...]
Markets regulator Sebi has launched an information database on municipal bonds. As part of efforts to develop the bond markets, an outreach programme on municipal bonds and municipal finance was organised by Sebi in the national capital on January 20 and 21, according to a release on Sunday. Representatives from various stakeholders, including the Ministry [...]
Textile entrepreneurs have discussed key issues to bring in stability in the sector eyeing a reduction in cotton prices and freight charges, an industry official has said. Participating in an interactive session here, around 120 managing directors of spinning mills discussed various issues including cotton prices and freight rates, according to Indian Texpreneurs Federation, the [...]
Former Prime Minister H D Deve Gowda has written to Prime Minister Narendra Modi requesting him to instruct the Ministry of Steel and the Steel Authority of India Limited (SAIL) authorities to drop the proposal for closure of Visvesvaraya Iron and Steel Limited (VISL) at Bhadravati. The JD(S) supremo also has urged the Prime Minister [...]
Oil Minister Hardeep Singh Puri on Sunday hoped petrol prices will be reduced no sooner state-owned oil companies recoup past losses. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) have for the past 15 months not revised petrol and diesel prices in line with the cost. The [...]
Hindustan Petroleum Corporation Ltd (HPCL) will complete expansion of its Vizag oil refinery in Andhra Pradesh to 15 million tonne per annum by June, its Chairman Pushp Joshi said on Sunday. HPCL is expanding the 8.33 million tonne per annum (MTPA) refinery and building a new one at Barmer in Rajasthan to bridge the gap [...]
The Congress alleged on Sunday that debt, unemployment and inequality have risen in the country under the Narendra Modi government and the debt on every Indian has increased by 2.53 times in the last nine years. Congress spokesperson Gourav Vallabh said the astronomical increase in the government's debt due to "Modinomics" has crushed the common [...]
The acquisition of IDFC Asset Management Company by the Bandhan Financial Holdings-led consortium is likely to be concluded this month with the payment of Rs 4,500 crore, an official said on Sunday. Re-branding of the company and mutual fund as Bandhan Asset Management Company Ltd and Bandhan Mutual Fund is also expected within January, he [...]
Pakistan spent USD 1.2 billion (Rs 259 billion) on the import of transportation items, including luxury cars, high-end electric vehicles, and their parts, during the last six months amidst sinking reserves and fear of default, according to a media report. The country is in the middle of a financial crunch with the foreign exchange reserves [...]
Equity benchmark BSE Sensex rose by 412 points to trade above the 61,000 level while NSE Nifty advanced 118 points in morning trade on Monday on the back of gains in IT, banking and FMCG shares after positive quarterly earnings. The 30-share BSE barometer spurted by 412.73 points or 0.68 per cent to 61,034.50 as 25 of [...]
To exchange BTC to XMR instantly on Quickex, you will need to create an account on the platform, verify your identity, deposit BTC into your account and then use the platform's trading interface to exchange BTC for XMR. In this article, we will uncover more info regarding differences between Bitcoin and Monero. What is Bitcoin? [...]
Benchmark indices ended in the red on Friday amid global recession worries stoked by weak US consumer data dampened investor sentiments. The BSE Sensex index ended 237 points or 0.39% lower at 60,662, while Nifty50 fell 80 points or 0.44% to settle at 18,027. While the markets are turbulent, here are four fundamentally strong stocks [...]
When deciding whether to invest or not in a company, many investors look for businesses that will last a long time and not those businesses that are doing well currently. They intend to remain invested in stocks for more than ten years and let their money compound. Fundamentally strong companies help investors to make fortunes, [...]
