Category: Business

Business

TotalEnergies pauses business with Adani, says it was not aware of U.S. investigation

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TotalEnergies pauses business with Adani, says it was not aware of U.S. investigation

TotalEnergies purchased a 19.75% stake in Adani Green Energy in January 2021 – after the Indian company won what was then the world’s largest solar order, and just months before the payments to officials were alleged to have begun. | Photo Credit: Reuters French oil major TotalEnergies SE was not informed of a U.S. investigation…

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Business

Lupin recalls over 6 lakh bottles of hypertension drug in U.S.: USFDA

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Lupin recalls over 6 lakh bottles of hypertension drug in U.S.: USFDA

The USFDA reports states that the affected lot is manufactured at Lupin’s Goa-based manufacturing facility. File | Photo Credit: Reuters Drug firm Lupin is recalling over six lakh bottles of a medication indicated for high blood pressure in the U.S. due to deviation from current good manufacturing practices (CGMP), according to the U.S. health regulator….

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Business

Rupee rises 10 paise to close at 84.31 against U.S. dollar

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Rupee rises 10 paise to close at 84.31 against U.S. dollar

The rupee recovered on Friday (November 22, 2024) from its all-time low level and appreciated 9 paise to close at 84.41 against the U.S. dollar. Photo: Special Arrangement The rupee appreciated 10 paise to close at 84.31 (provisional) against U.S. dollar on Monday (November 25, 2024), supported by a firm trend in domestic equities amid improved…

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Business

Sensex reclaims 80k mark; Nifty surges more than 1% after BJP-led Mahayuti’s win in Maharashtra

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Sensex reclaims 80k mark; Nifty surges more than 1% after BJP-led Mahayuti’s win in Maharashtra

From the 30-share Sensex pack, Larsen & Toubro, State Bank of India, Adani Ports, Reliance Industries, Power Grid, ICICI Bank, HDFC Bank, Tata Consultancy Services, Kotak Mahindra Bank and Axis Bank were the biggest gainers.  | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty surged more than 1% on Monday (November 25, 2024), helped…

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Business

S&P cuts India’s GDP growth forecast for FY26, FY27

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S&P cuts India’s GDP growth forecast for FY26, FY27

Image used for representative purpose only | Photo Credit: Getty Images/iStockphoto S&P Global Ratings on Monday (November 25, 2024) revised down its estimate for India’s economic growth in the next two financial years as high interest rate and lower fiscal impulse temper urban demand. In an update to its economic forecast for Asia-Pacific economies after…

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Business

CNG price hiked by ₹2 in Mumbai, other cities; election bound-Delhi spared

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CNG price hiked by ₹2 in Mumbai, other cities; election bound-Delhi spared

Representational file image. | Photo Credit: SUSHIL KUMAR VERMA CNG price in Mumbai as well as several other cities in the country has been hiked by ₹2 per kg but users in poll-bound Delhi have been spared for the time being, according to city gas firms. Indraprastha Gas Ltd, the firm that retails CNG to…

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Business

CNG price hiked by ₹2 in Mumbai, other cities; election bond-Delhi spared

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CNG price hiked by ₹2 in Mumbai, other cities; election bond-Delhi spared

Representational file image. | Photo Credit: SUSHIL KUMAR VERMA CNG price in Mumbai as well as several other cities in the country has been hiked by ₹2 per kg but users in poll-bound Delhi have been spared for the time being, according to city gas firms. Indraprastha Gas Ltd, the firm that retails CNG to…

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Business

Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%

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Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%

Shares of Adani Enterprises went up by 4%, Adani Wilmar (3.23%), ACC (3%) and Ambuja Cements (2.71%) on the BSE.  | Photo Credit: Reuters Shares of nine of the ten Adani group firms climbed on the bourses in morning trade on Monday (November 25, 2024), with Adani Energy Solutions surging nearly 7%, in-tandem with a…

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Business

Rupee rises 6 paise to 84.35 against U.S. dollar in early trade

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Rupee rises 6 paise to 84.35 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: V. Sudershan Rupee appreciated 6 paise to 84.35 against the U.S. dollar in morning trade on Monday, supported by a firm trend in domestic equities. Forex traders said factors like elevated Dollar Index levels, and a nearly 5% surge in crude oil prices over the past…

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Business

Sensex, Nifty soar after BJP-led Mahayuti’s win in Maharashtra

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Sensex, Nifty soar after BJP-led Mahayuti’s win in Maharashtra

The BSE benchmark Sensex jumped 1,289.89 points to 80,407 in early trade. File. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty surged in early trade on Monday (November 25, 2024), helped by across-the-board rally and the BJP pulling off a stunning performance in Maharashtra winning a record number of seats to propel the…

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Business