Category: Business

Business

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

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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…

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

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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…

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Infosys shares fall, raising demand worries for Indian IT sector

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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…

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Sensex slides 341 points in early trade amid negative global cues

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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…

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

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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….

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

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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…

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Jettwings Airways Submits Expression Of Interest For Bankrupt Go First

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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)…

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Retail Inflation Declines To 3-Month Low Of 5.02% In September

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Retail inflation declined to a three-month low of 5.02 in September. New Delhi: Retail inflation declined to a three-month low of 5.02 in September, mainly due to easing food prices, according to the government data released today. The inflation has come back to the Reserve Bank’s comfort level of below 6 per cent after a…

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