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Image used for representative purpose only. | Photo Credit: Reuters Mahindra & Mahindra Ltd (M&M) reported 35% growth in consolidated net profit at ₹3,171 crore for the second quarter ended September 30, 2024, as compared with ₹2,348 crore in the year-ago period due to strong performance of all its businesses. The company, consolidated revenue for…
Read More “Mahindra & Mahindra Q2 net profit rises 35% to ₹3,171 crore” »
The Boeing Co. logo. Image used for representative purpose only | Photo Credit: AFP The Israeli defence ministry said on Thursday (November 7, 2024) it had signed an agreement to acquire 25 next generation F-15 fighter jets from Boeing Co. It said the $5.2 billion agreement was part of a broader package of U.S. aid…
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The logo of Air France-KLM Group. Representational image. | Photo Credit: REUTERS Tara Consultancy Services Ltd (TCS) has signed a multi-year deal to help Air France-KLM become a data-centric airline group. Over the next three years, TCS will modernise the airline group’s data by moving it to cloud, promoting the next generation of data-driven aviation. “This shift…
Read More “TCS signs multi year deal with Air France-KLM to modernise the airline group’s data” »
Macrotech Developers Ltd.,[Lodha Group] has announced the acquisition of Bain Capital’s interest in three Digital Infrastructure Platform entities for ₹307 crore in line with its strategy for controlled expansion in industrial and logistics sectors under the Lodha Industrial and Logistics Park (LILP) brand. The entities include Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic…
Bombay Stock Exchange (BSE) building in Mumbai | Photo Credit: AP Benchmark equity indices Sensex and Nifty fell in early trade on Thursday (November 7, 2024) after two days of rally as investors remained on the sidelines ahead of the U.S. Federal Reserve interest rate decision. Market analysts said unabated foreign fund outflows and mixed…
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Image used for representative purpose only. | Photo Credit: RAGU R The rupee recovered from its all-time low level and witnessed a range-bound trade against the U.S. dollar in early hours on Thursday, as investors remained cautious ahead of the U.S. Fed meeting outcome later this week. Forex traders said RBI interventions will keep the…
Read More “Rupee rises 5 paise to 84.26 against U.S. dollar in early trade” »
A vendor walks past by a poster of bear and bull in south Mumbai. File Stock markets rallied more than 1% on Wednesday (November 6, 2024) with benchmark Sensex soaring 901 points on heavy buying in IT and pharma shares as Donald Trump wins the U.S. presidential elections. Extending its gains to the second day,…
The latest data also highlighted a recovery in growth of new export sales across India’s service economy. File (Representational image) | Photo Credit: Reuters India’s services Purchasing Managers’ Index (PMI)recovered from its ten-month low in September to reach 58.5 in October supported by strong expansions in output and new business, which in turn boosted job…
Read More “Indian service providers signal robust growth in October on strong demand conditions” »
At the interbank foreign exchange, the rupee opened at an all-time low of 84.23 against the greenback, registering a fall of 14 paise over its previous close. File | Photo Credit: The Hindu The rupee fell 14 paise to an all-time low of 84.23 against the U.S. dollar in early trade on Wednesday (November 6,…
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From the 30-share Sensex pack, HCL Technologies, Sun Pharma, Infosys, Bajaj Finance, Bajaj Finserv, Maruti, NTPC, Tech Mahindra and Tata Consultancy Services were the biggest gainers. File | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty ticked higher in initial trade on Wednesday (November 6, 2024), led by buying in IT stocks and…
Read More “Sensex, Nifty climb in early trade on buying in IT stocks” »