Category: Business

Business

Stock markets rebound sharply; Sensex jumps 889 points, Nifty ends at 24,250

Posted on By admin
Stock markets rebound sharply; Sensex jumps 889 points, Nifty ends at 24,250

Trent, Larsen & Toubro, Tata Steel, Bharti Airtel, Tata Consultancy Services, HCL Tech and HDFC Bank were the gainers. Adani Ports, Mahindra & Mahindra, Power Grid, Bharat Electronics and NTPC were the laggards. File | Photo Credit: ANI Benchmark indices Sensex and Nifty rebounded sharply and ended over 1% higher on Wednesday (July 29, 2026),…

Read More “Stock markets rebound sharply; Sensex jumps 889 points, Nifty ends at 24,250” »

Business

Boeing examination finds no abnormality with Dreamliner’s fuel control switch: Government

Posted on By admin
Boeing examination finds no abnormality with Dreamliner’s fuel control switch: Government

Air India’s Boeing 787-9 Dreamliner. | Photo Credit: SIDDHANT THAKUR The government has said that Boeing’s detailed examination of the Dreamliner aircraft’s fuel control switch locking mechanism did not find any abnormality following an Air India pilot flagging possible issues with the system after operating a London Heathrow-Bengaluru flight in February this year. On February…

Read More “Boeing examination finds no abnormality with Dreamliner’s fuel control switch: Government” »

Business

SBI raises ₹4,691 cr through bonds from diversified qualified institutions

Posted on By admin
SBI raises ₹4,691 cr through bonds from diversified qualified institutions

SBI raises ₹4,691 crore through AT1 bonds, attracting diverse investors and demonstrating strong market confidence in India’s largest lender. File | Photo Credit: The Hindu State Bank of India (SBI), the country’s largest lender, has raised ₹4,691 crore through its first Basel III compliant Additional Tier 1 (AT1) bonds to part fund the growth strategy,…

Read More “SBI raises ₹4,691 cr through bonds from diversified qualified institutions” »

Business

LIC appoints Shatmanyu Shrivastava as CFO

Posted on By admin
LIC appoints Shatmanyu Shrivastava as CFO

LIC also announced the appointment of Varadarajan Muthuvenkataraman as Executive Director (Enterprise Risk Management) and Chief Risk Officer. | Photo Credit: Reuters State-owned Life Insurance Corporation of India (LIC) on Tuesday (July 28, 2026) announced the appointment of Shatmanyu Shrivastava as Executive Director (Finance & Accounts) and Chief Financial Officer. Previously, he was Executive Director…

Read More “LIC appoints Shatmanyu Shrivastava as CFO” »

Business

Why does RBI seem to believe that rupee is ‘undervalued’? | Explained

Posted on By admin
Why does RBI seem to believe that rupee is ‘undervalued’? | Explained

Reserve Bank of India (RBI) Governor Sanjay Malhotra. File | Photo Credit: Reuters The story so far: The Reserve Bank of India (RBI) Governor Sanjay Malhotra, in a recent interview with Business Line, reiterated that the Indian rupee is “undervalued”. This has drawn attention because central bankers rarely comment on whether a currency is priced…

Read More “Why does RBI seem to believe that rupee is ‘undervalued’? | Explained” »

Business

APSEZ profit rises 10% to ₹3,649 crore in April-June

Posted on By admin
APSEZ profit rises 10% to ₹3,649 crore in April-June

Adani Ports and Special Economic Zone on Wednesday posted a 10.23% rise in its consolidated net profit to ₹3,649.50 crore in the April-June quarter of the current financial year on account of higher income. It had reported a net profit of ₹3,310.60 crore in the corresponding period of FY26, Adani Ports and Special Economic Zone…

Read More “APSEZ profit rises 10% to ₹3,649 crore in April-June” »

Business

Maruti emerges top EV exporter in Q1, claims 97% share in total EV shipments from India

Posted on By admin
Maruti emerges top EV exporter in Q1, claims 97% share in total EV shipments from India

Maruti Suzuki introduced e Vitara in August 2025 and since then, more than 41,000 units have been exported to 47 countries with the U.K. being the top destination. Photo: Special Arrangement Maruti Suzuki India Ltd, which entered the electric vehicles (EV) segments last year, has exported as many as 15,210 EV units in April-June (Q1)…

Read More “Maruti emerges top EV exporter in Q1, claims 97% share in total EV shipments from India” »

Business

Mahindra to integrate truck, bus manufacturing under SML Mahindra

Posted on By admin
Mahindra to integrate truck, bus manufacturing under SML Mahindra

Representational image only. File | Photo Credit: The Hindu The Board of Directors of SML Mahindra Limited (SML) on Wednesday (July 29, 2026) approved the acquisition of Mahindra Truck and Bus Division (MTBD) from Mahindra & Mahindra Limited (M&M) as a going concern through a slump sale for ₹525 crore, subject to working capital adjustments. …

Read More “Mahindra to integrate truck, bus manufacturing under SML Mahindra” »

Business

Coal scam: CBI told to probe further into Rajya Sabha MP Vijay Darda’s role

Posted on By admin
Coal scam: CBI told to probe further into Rajya Sabha MP Vijay Darda’s role

A Special Court on Thursday directed the CBI to further investigate into the scam in coal block allocations, involving Rajya Sabha MP Vijay Darda and others, in which the agency had filed a closure report. The court also ordered further probe into the role of JAS Infrastructure and Power and others in the allocation of…

Read More “Coal scam: CBI told to probe further into Rajya Sabha MP Vijay Darda’s role” »

Business