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Category: Business

Business

Sensex, Nifty fall for second day; IT, banking shares weigh

Posted on October 13, 2023 By admin
Sensex, Nifty fall for second day; IT, banking shares weigh

Representational image only. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty declined for the second straight session on October 13, following selling in banking, financial and select IT shares amid a weak trend in global markets. The 30-share BSE Sensex dropped by 125.65 points or 0.19% to close at 66,282.74 as 16 of…

Read More “Sensex, Nifty fall for second day; IT, banking shares weigh” »

Business

Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024

Posted on October 13, 2023 By admin
Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024

Air India Express is set to induct 50 new Boeing 737 MAX planes in next 15 months. New Delhi: Air India Express, which is in the process of merging AIX Connect with itself, plans to induct 50 new B737 MAX planes in the next 15 months as the Tata Group bolsters its aviation business. Besides,…

Read More “Air India Express To Induct 50 New Boeing 737 MAX Planes By December 2024” »

Business

Microsoft’s bid for Activision gets UK approval, removes last hurdle to gaming deal

Posted on October 13, 2023 By admin
Microsoft’s bid for Activision gets UK approval, removes last hurdle to gaming deal

File picture of Activision’s Call of Duty shown on a smartphone near a photograph of the Microsoft logo | Photo Credit: AP Microsoft’s purchase of video game maker Activision Blizzard won final approval Friday from Britain’s competition watchdog, reversing its earlier decision to block the $69 billion deal and removing a last obstacle for one…

Read More “Microsoft’s bid for Activision gets UK approval, removes last hurdle to gaming deal” »

Business

Adani group shares fall after media report on alleged over-invoicing of coal imports 

Posted on October 13, 2023 By admin
Adani group shares fall after media report on alleged over-invoicing of coal imports 

Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad. File photo | Photo Credit: REUTERS Shares of Adani Group companies on Friday, October 13, 2023, came under selling pressure and were trading at losses with flagship Adani Enterprises Ltd tanking over 3% a day after…

Read More “Adani group shares fall after media report on alleged over-invoicing of coal imports ” »

Business

Infosys shares fall, raising demand worries for Indian IT sector

Posted on October 13, 2023 By admin
Infosys shares fall, raising demand worries for Indian IT sector

File picture of the Infosys logo | Photo Credit: Reuters Shares of Infosys, India’s No. 2 IT services provider, fell as much as 4.5% on Friday after a cut to the upper end of the company’s annual revenue forecast fanned further worries of a delay in demand recovery in the sector. The Bengaluru-based company’s stock…

Read More “Infosys shares fall, raising demand worries for Indian IT sector” »

Business

Sensex slides 341 points in early trade amid negative global cues

Posted on October 13, 2023 By admin
Sensex slides 341 points in early trade amid negative global cues

Image used for representative purpose only. | Photo Credit: REUTERS Domestic equities started on a negative note on Friday, with benchmark Sensex tumbling 341 points as negative global cues and concerns over the quarterly financial performance of IT companies hit investor sentiments. The broader Nifty too declined in early trade while Asian markets fell amid…

Read More “Sensex slides 341 points in early trade amid negative global cues” »

Business

Kesoram Industries Ltd records increase in sales volume for the half year FY24

Posted on October 13, 2023 By admin
Kesoram Industries Ltd records increase in sales volume for the half year FY24

Manjushree Khaitan, Chairman (left) and P Radhakrishnan, wholetime director during an AGM of Kesoram Industries. File | Photo Credit: Debasish Bhaduri BK Birla group-controlled Kesoram Industries Ltd clocked a record increase ion the sales volume upwards of 3.73 million tonnes for the half year FY24 as against 3.19 million tonnes for the half year FY23….

Read More “Kesoram Industries Ltd records increase in sales volume for the half year FY24” »

Business

Rupee trades flat at 83.24 against U.S. dollar in early trade

Posted on October 13, 2023 By admin
Rupee trades flat at 83.24 against U.S. dollar in early trade

Image used for representation purpose only. | Photo Credit: Reuters The rupee traded on a flat note at 83.24 against the US dollar in early trade on October 13 as an upward trend in crude oil prices dented investor sentiment despite positive domestic macroeconomic data. Forex analysts said the Indian currency continued to stay under…

Read More “Rupee trades flat at 83.24 against U.S. dollar in early trade” »

Business

Jettwings Airways Submits Expression Of Interest For Bankrupt Go First

Posted on October 12, 2023 By admin
Jettwings Airways Submits Expression Of Interest For Bankrupt Go First

Go First’s total revenue from operations stood at Rs 4,183 crore in financial year 2021-22. New Delhi: Jettwings Airways today said it has submitted an Expression of Interest for the grounded Go First, which is undergoing an insolvency resolution process. The carrier, which has its base in Guwahati, recently received a No Objection Certificate (NOC)…

Read More “Jettwings Airways Submits Expression Of Interest For Bankrupt Go First” »

Business

Retail inflation eases to 5.02% in September 2023

Posted on October 12, 2023 By admin
Retail inflation eases to 5.02% in September 2023

Inflation in vegetables crashed from 26.1% in August to just 3.4% in September but inflation in cereals remained sticky at 11% and the pace of price rise in pulses accelerated from 13% in August to 16.4% last month. File | Photo Credit: Sushil Kumar Verma India’s retail inflation eased from 6.83% in August to 5.02%…

Read More “Retail inflation eases to 5.02% in September 2023” »

Business

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