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Tag: Business

SpiceJet Shares Rally 20%, Hit Upper Circuit Limit

Posted on September 6, 2023 By admin
SpiceJet Shares Rally 20%, Hit Upper Circuit Limit

SpiceJet stock rallied amid reports that nearly 3 per cent equity changed hands at the BSE. New Delhi: Shares of SpiceJet were in heavy demand today and jumped 20 per cent to hit the upper circuit limit. The stock rallied amid reports that nearly 3 per cent equity changed hands at the BSE. On Monday,…

Read More “SpiceJet Shares Rally 20%, Hit Upper Circuit Limit” »

Business

Market Capitalisation Of BSE-Listed Firms Reach Lifetime High Of Rs 317 Lakh Crore

Posted on September 6, 2023 By admin
Market Capitalisation Of BSE-Listed Firms Reach Lifetime High Of Rs 317 Lakh Crore

The market capitalisation of BSE-listed firms reached a new lifetime peak of Rs 317.33 lakh crore New Delhi: The market capitalisation of BSE-listed firms reached a new lifetime peak of Rs 317.33 lakh crore on Wednesday as the benchmark Sensex maintained its winning run for the fourth day running. Fag-end buying helped the BSE Sensex…

Read More “Market Capitalisation Of BSE-Listed Firms Reach Lifetime High Of Rs 317 Lakh Crore” »

Business

Rupee Falls 10 Paise To Close At All-Time Low Of 83.14 Against US Dollar

Posted on September 6, 2023 By admin
Rupee Falls 10 Paise To Close At All-Time Low Of 83.14 Against US Dollar

Rupee settled at 83.14 (provisional) against the US dollar, down 10 paise from its previous close. New Delhi: The rupee depreciated by 10 paise and settled for the day at an all-time low of 83.14 (provisional) against the US dollar today, weighed down by a surge in crude oil prices and strong American currency. Forex…

Read More “Rupee Falls 10 Paise To Close At All-Time Low Of 83.14 Against US Dollar” »

Business

Tata Seeks Control Of Haldiram’s, Snack Maker Wants $10 Billion Valuation: Report

Posted on September 6, 2023 By admin
Tata Seeks Control Of Haldiram’s, Snack Maker Wants  Billion Valuation: Report

Tata Group’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram’s New Delhi: Tata Group’s consumer unit is in talks to buy at least 51% of popular snack food maker Haldiram’s but is not comfortable with the $10 billion valuation sought, two people briefed on the matter said….

Read More “Tata Seeks Control Of Haldiram’s, Snack Maker Wants $10 Billion Valuation: Report” »

Business

Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

Posted on September 5, 2023 By admin
Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs

Nirmala Sitharaman asked banks, financial institutions to ensure customers update nominees Mumbai: Finance Minister Nirmala Sitharaman today asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. “I want the banking system, the financial ecosystem including the mutual funds, stock markets…

Read More “Finance Minister Asks Financial Entities To Ensure Customers Nominate Heirs” »

Business

India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO

Posted on September 5, 2023 By admin
India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO

India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month. Mumbai: India has the potential to do 100 billion Unified Payments Interface (UPI) transactions a month, a top official from the National Payments Corporation of India said today. This would be a 10-time growth over the 10 billion transactions achieved…

Read More “India Has Potential To Do 100 Billion UPI Transactions A Month: NPCI CEO” »

Business

RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das

Posted on September 5, 2023 By admin
RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das

RBI Governor said the central bank is committed to bringing down inflation to 4 per cent New Delhi: Reserve Bank Governor Shaktikanta Das today said the central bank is committed to bringing down inflation to 4 per cent and will remain watchful of risks as more frequent global supply shocks can have profound implications on…

Read More “RBI Committed To Bring Down Inflation To 4%: RBI Governor Shaktikanta Das” »

Business

Bombay Stock Exchange-Listed Firms’ Market Valuation Hits All-Time High Of Rs 315 Lakh Crore

Posted on September 4, 2023 By admin
Bombay Stock Exchange-Listed Firms’ Market Valuation Hits All-Time High Of Rs 315 Lakh Crore

In two days, investors’ wealth went up by Rs 5,41,951.7 crore. New Delhi: The market capitalisation of BSE-listed firms reached an all-time high of Rs 315 lakh crore on Monday, helped by strong investor sentiments amid encouraging domestic macroeconomic data and a firm trend in global stocks. The BSE benchmark Sensex climbed 240.98 points, or…

Read More “Bombay Stock Exchange-Listed Firms’ Market Valuation Hits All-Time High Of Rs 315 Lakh Crore” »

Business

Shapoorji Pallonji Group Fined Rs 7 lakh For Violating Disclosure Rules

Posted on September 4, 2023 By admin
Shapoorji Pallonji Group Fined Rs 7 lakh For Violating Disclosure Rules

Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company (File) New Delhi: Capital markets regulator Sebi has imposed a penalty of Rs 7 lakh on Shapoorji Pallonji and Company for violating disclosure norms. In its order, Sebi found that Shapoorji Pallonji and Company did not take prior approval from the…

Read More “Shapoorji Pallonji Group Fined Rs 7 lakh For Violating Disclosure Rules” »

Business

Amazon To Invest $3 Million In Nature-Based Projects In India

Posted on September 4, 2023 By admin
Amazon To Invest  Million In Nature-Based Projects In India

Amazon India has also committed to deploying 10,000 EVs in its delivery fleet by 2025. (File) New Delhi: E-commerce major Amazon on Monday said it will make an initial investment of $3 million in nature-based projects in India. The allocation is part of the company’s $15 million fund it has allocated for nature-based projects in…

Read More “Amazon To Invest $3 Million In Nature-Based Projects In India” »

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