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Sensex falls 139 points, Nifty retains 10,800
Laggards included Infosys, Bajaj AUto, Tata Motors, L&T, Wipro, ONGC, NTPC, Axis Bank, SBIN, TCS, Adani Ports, ICICI Bank, falling by up to 2.11 percent. -
Beyond Fame, Meet Mukesh and Anil Ambani's Lesser Known Sisters Who Have Achieved Success In Their Own Ways
Both Mukesh and Anil Ambani's sisters were spotted at Anant Ambani and Radhika Merchant's pre-wedding celebrations recently in Jamnagar. -
Sebi looks to cut corporate bonds' face value to boost retail participation
SEBI announced measures on Tuesday aimed at boosting retail investor participation in the corporate bond market. One significant decision involves reducing the face value of such debt securities from Rs 1 lakh to Rs 10,000. Additionally, the SEBI board decided to introduce a framework for unit-based employee benefits (UBEB) pertaining to REITs (real estate investment trusts) and InvITs (infrastructure investment trusts). -
Adani Total Gas Q4 net profit rises 71%; company announces dividend of Rs 0.25
On Monday, Adani Total Gas Limited (ATGL) reported a significant increase of 71.6% in its consolidated net profit for the fourth quarter of FY 2024. The company recorded a profit of Rs 168 crore during the quarter, compared to Rs 97.9 crore in the same quarter of FY 2023. ATGL’s revenue rose 4.7% to Rs 1,167 crore in the last quarter against Rs 1,114.8 crore in the year-ago period. -
Lost cost or full service? Rahul Bhatia could pull a rabbit out of IndiGo's A350 hat
IndiGo plans to introduce A350 service for long haul flights from 2027, aiming for a hybrid model without clear labels. CEO Pieter Elbers focuses on tapping the global airline market for direct flights. -
April 2024 home loan interest rates: Banks with most affordable rates for home loans over Rs 75 lakh
A home loan serves as a financial tool for purchasing a home, requiring careful assessment of total costs, eligibility, interest rates, and hidden fees. Lenders must disclose all charges, while CIBIL score impacts loan terms and tax benefits are available. -
Ducati DesertX Rally Launched At Rs 23.7 lakh; Check Design, Features, And Other Details
DesertX Rally houses a potent 937cc L-twin engine capable of delivering 110hp
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Sebi takes measures to curb fraudulent trades in mutual funds
The SEBI board announced on Tuesday its decision to revise regulations pertaining to mutual funds. As per the amendments, asset management companies (AMCs) are required to establish an "institutional mechanism" to detect and prevent potential market abuse, encompassing activities like front-running and fraudulent transactions in securities. The mechanism should consist of enhanced surveillance systems, internal control procedures, and escalation processes. -
Markets Wipe Out Early Gains On Fag-end Sell-off; Nifty Slips From Record High
Snapping its two-day winning run, the 30-share BSE Sensex declined 188.50 points or 0.25 per cent to settle at 74,482.78. During the day, it had jumped 440.11 points or 0.58 per cent to 75,111.39. -
Bank holidays in May 2024: Banks are closed for up to 14 days; check state-wise list here
May 2024 will see banks closed for 14 days, including national and regional holidays like Lok Sabha General Elections 2024. Specific state holidays such as Birthday of Rabindranath Tagore and Buddha Purnima will be observed. -
India’s oil import bill to balloon to $101-104 billion in 2024-25: ICRA
India's net oil import bill could widen to $101-104 billion in FY2025, with any escalation in the Iran-Israel conflict potentially impacting import values, according to ICRA. Reduction in Russian oil imports has led to savings, but persisting low discounts may increase import costs. -
Stock Market Holiday: Will NSE, BSE Be Closed Tomorrow, 1 May For Maharashtra Day?
The BSE holiday calander has listed all the details regarding stock market holidays. Check it out. -
Hyundai Motor Group To Launch Hybrid In India: Report
Reports suggest that Hyundai might bring hybrid powertrain options to its midsize SUVs and sedan. -
After Hong Kong And Singapore, Now Australia To Recall MDH And Everest Masala?
Recently Singapore and Hong Kong suspended the sale of MDH and Everest Masala powders, for its alleged usage of Ethylene Oxide pesticides in their spice mix. -
Save lakhs in interest cost? What RBI’s new rules for interest overcharging on loans mean for borrowers
The Reserve Bank of India has come across instances of lenders resorting to certain unfair practices in charging of interest. What do RBI’s latest guidelines and instructions to banks and NBFCs mean for loan borrowers? We explain the math and answer your common questions: -
Flipkart-Owned Cleartrip's CFO Aditya Agarwal Steps Down, Akshat Mishra Takes Over
Aditya Agarwal worked for nine years at Cleartrip, wherein he was instrumental in shaping its financial strategy and organisational growth. -
India's Gold Demand Rises 8% In Jan-march Despite Soaring Prices
Gold purchases have increased despite rising prices, reflecting higher incomes in a growing economy, according to market analysts. -
Toyota Launches Rumion G AT Variant; Check What's New
Toyota Rumion is a 1.5-litre naturally aspirated petrol engine capable of producing 103bhp power and 137Nm torque. -
'Reverse Colonialism': Anand Mahindra Applauds London's Tiffin Service Inspired By Mumbai’s Famed Dabbawalas
DabbaDrop, the food delivery service founded in 2018 takes its inspiration from the famous Mumbai dabbawala system. -
Frustrated by falling sales, pace of job cuts? Elon Musk lays off Tesla senior execs; plans to dismiss hundreds more employees: Report
Elon Musk dismisses two senior Tesla executives: The report by The Information cites an email from Musk to senior managers. The report states that Rebecca Tinucci, head of Tesla's Supercharger division, and Daniel Ho, leader of the new vehicles program, will depart on Tuesday morning. -
Important updates for NPS subscribers: New charges and security measures announced by PFRDA
PFRDA's guidelines impact NPS PoPs' fee structure, introducing persistency charges. Security upgrades include Aadhaar-based authentication, and nodal offices must verify documents thoroughly for exit/withdrawal requests in the CRA system, ensuring accuracy and adherence to guidelines. -
Gold rate today: Yellow metal drops Rs 250/10 grams; Silver declines Rs 457/Kg
Gold prices dropped on MCX ahead of US Federal Reserve's rate cut. June gold futures and May silver futures decreased. US gold at $2,330/ounce rose 5% this month. International demand remains strong. -
Stop Charging Extra Interest On Loan Amount Not Received, Refund Excess Charges To Customers: RBI To Banks
RBI has asked banks and financial institutions to follow fair practices in charging of interest on loans by them. -
2 Consumers Allege Falling Sick After Consuming Food From Noida's McDonald's, Theobroma; FDA Collects Samples
The complaints were lodged with the Food Safety Connect portal of the Food Safety and Standards Authority of India (FSSAI) against Noida's McDonald's and Theobroma. -
Check The Jaw-Dropping Salary Of Wipro’s New CEO Srinivas Pallia; Has Basic Pay Range Of $1,750,000 To $3,000,000
Check out the Whopping salary of Wipro's new CEO Srinivas Pallia, that includes his basic pay, bonus, long-term incentives and other details. -
Stock market today: BSE Sensex up 100 points near 74,700; Nifty above 22,650
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, resumed their rally on Tuesday after a strong show on Monday. BSE Sensex moves up 100 points and Nifty50 was above 22,650. -
Stock market today: BSE Sensex crosses 75,000 mark; Nifty above 22,750
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, resumed their rally on Tuesday after a strong show on Monday. BSE Sensex moved up over 380 points to cross the 75,000 mark and Nifty50 was above 22,750. -
Elon Musk’s fortune soars by most since before Twitter purchase
Elon Musk, the world's third-wealthiest individual, has seen his net worth surge by an impressive $37.3 billion over the past five days, marking his most significant weekly gain since March 2022. This substantial increase comes nearly a year after Musk agreed to acquire Twitter Inc. for $44 billion in one of the largest leveraged buyout deals ever recorded. Following this agreement, Musk's fortune has experienced both dramatic rises and falls, a stark contrast to the remarkable growth it saw in -
Mahindra & Mahindra becomes revenue leader in SUV category
The surge in SUVs has made Mahindra & Mahindra one of the biggest gainers in the Indian automotive industry. The company, which till a few years back was struggling to get its act together with previous-gen Scorpio as its only flagship, has staged a turnaround and emerged as the revenue leader in the SUV category, ahead of some of its formidable rivals such as Toyota, Hyundai, Tata Motors, Kia and Maruti Suzuki. -
Increasing global uncertainties may impact demand, India's exports: FIEO
The escalating geopolitical tension may have implications for the country's exports in the first quarter of 2024-25 as it is likely to impact global demand, apex exporters body Fieo said. The global uncertainties caused by the continuing war between Russia and Ukraine have impacted India’s outbound shipments in 2023-24, which recorded a decline of 3.1% to $437 billion. Imports too dipped by over 8% to $677.2 billion.
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