Category: Business

Business

Sensex, Nifty slump in early trade tracking weak global markets

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Sensex, Nifty slump in early trade tracking weak global markets

Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday. File | Photo Credit: PTI Benchmark equity indices Sensex and Nifty tumbled in early trade on Wednesday (September 4, 2024) after a record-breaking rally, tracking extremely weak trends from the global markets. The 30-share BSE Sensex tumbled 721.75 points to 81,833.69 after a…

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Business

Why is Google accused of being an illegal monopoly? | Explained

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Why is Google accused of being an illegal monopoly? | Explained

For representative purposes. | Photo Credit: REUTERS The story so far: Google, the leading American technology company best known for its popular search engine, has lost a Court case filed against it by the U.S. Department of Justice in 2020 accusing the company of being an illegal monopoly. A U.S. District judge ruled earlier this…

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Business

Tesla’s China sales have best month of the year in August

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Tesla’s China sales have best month of the year in August

Deliveries of Tesla China-made Model 3 and Model Y vehicles rose 17% from July 2024. | Photo Credit: Reuters Tesla’s sales in China logged their best month for the year so far in August 2024, with the U.S. electric vehicle maker benefiting from brisk sales in smaller cities. Tesla said it sold more than 63,000…

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Business

TotalEnergies deepens ties with India’s Adani Green with $444 mln JV

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TotalEnergies deepens ties with India’s Adani Green with 4 mln JV

TotalEnergies will form a joint venture (JV) with India’s Adani Green Energy Ltd. in a deal in which the French oil giant will contribute an equity investment of $444 million, it said on Tuesday. The two firms had formed a JV in September 2023 worth $300 million, which gave Total “direct access to ownership of…

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Business

‘About $4 bn imports so far under new import system’

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‘About bn imports so far under new import system’

With the deadline to review the ‘import management system’ for laptops and other IT products nearing, the firms which received authorisations have imported products worth more than $4 billion this fiscal, an official said seeking anonymity. Imports were at $8.4 billion in FY24, mostly from China, the official said. In October 2023, the Centre rolled…

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Business

Stock markets take breather after record-breaking run on selling in IT, oil shares

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Stock markets take breather after record-breaking run on selling in IT, oil shares

ICICI Bank, Bajaj Finserv, Titan, Nestle and HDFC Bank were among the gainers. File | Photo Credit: Reuters Snapping its record-breaking rally, benchmark BSE Sensex closed marginally down on Tuesday (September 3, 2024) due to profit-taking in metal, oil and IT shares amid weak global trends. Halting its 10-day winning run, the 30-share BSE Sensex…

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Business

Rupee falls 5 paise to end at 83.96 against U.S. dollar

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Rupee falls 5 paise to end at 83.96 against U.S. dollar

The rupee in tandem with Asian currencies fell to its support zone of 83.97 as the Reserve Bank of India seemed to present at 83.97 to protect against any further weakness in the currency. File | Photo Credit: Venkatachalapathy C. The rupee declined 5 paise to 83.96 (provisional) against the U.S. dollar on Tuesday (September…

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