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This Road Reduces 1 Hr Distance To 8 Mins! Gets Thumbs Up From Commuters
Mumbai Coastal Road: Scores of vehicles were seen entering the south-north arm of the MCR at Marine Lines. The motorists were pleasantly surprised to complete the commute till Haji Ali junction in barely 8 minutes flat.
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Tata Motors profit drops 10% to Rs3,450cr on weak demand
Tata Motors' Q2 FY25 profit dropped by 10% to Rs 3,450 crore, falling short of analysts' projections. This decline was driven by a 20% decrease in operating profit, impacted by aluminium supply issues and quality control holds at Jaguar Land Rover, along with sluggish demand in the commercial and passenger vehicle segments.
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Tesla hits $1 trillion market value as Musk-backed Trump win fans optimism
Tesla's market value soared past $1 trillion, fueled by speculation that CEO Elon Musk's support for President-elect Donald Trump could translate into favorable regulations for Tesla's autonomous driving technology. Musk's influence is expected to expedite regulatory approvals and potentially ease enforcement actions related to Tesla's driver-assistance systems.
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Auto cos bet on 'premium' showrooms
Driven by India's increasing appetite for luxury, automakers are launching exclusive retail formats.From Maruti and Tata to Mercedes-Benz and Hero MotoCorp, brands are curating premium experiences. These initiatives include specialized showrooms, personalized consultations, and lifestyle-focused spaces, aiming to elevate the customer journey for discerning buyers.
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Ola Electric's loss narrows to Rs495cr in July-Sept
Ola Electric Mobility saw a smaller loss in the recent quarter. Their revenue increased, helped by selling more electric scooters. They sold 98,619 scooters, a big jump from last year. Ola Electric is working on expanding its stores and service centers. They are also planning to launch many new products soon. The company's shares dropped slightly.
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SBI net up 28% at Rs18k cr in September quarter
State Bank of India (SBI) recorded its highest-ever net profit of Rs 18,331 crore in the September quarter, marking a 28% surge. This achievement was fueled by substantial growth in both interest and non-interest income, coupled with controlled operating expenses. SBI also celebrated reaching a milestone of Rs 50 lakh crore in deposits during this period.
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Tatas, Singapore government in talks to develop semiconductors
Singaporean government officials, including minister K Shanmugam, met with Tata Group chairman N Chandrasekaran to discuss a semiconductor partnership. Singapore, a major player in the semiconductor industry, aims to collaborate with Tata Group's extensive reach.The discussions also included skills development, digital initiatives, industrial parks, and renewable energy.
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China unveils $1.4tn debt swaps, relief to local governments
China has announced a $1.4 trillion plan to address local government debt but held back on broader stimulus measures. The move provides support while maintaining flexibility to respond to potential trade tensions with the incoming Trump administration. While promising "more forceful" fiscal policy next year, officials stopped short of immediate measures to boost domestic demand, leading to some market disappointment.
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Zomato, Swiggy breached competition laws: Report
India's antitrust watchdog investigated food delivery companies Zomato and Swiggy. The investigation found that both companies engaged in anti-competitive practices. Zomato offered lower commissions to restaurants that signed exclusivity agreements. Swiggy promised growth to restaurants that listed exclusively on its platform. The Competition Commission of India will now review the findings and issue a final decision.
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Irdai chief bats for 100% FDI in insurance to boost reach
Debashish Panda, chairman of the Insurance Regulatory and Development Authority (Irdai), advocated for raising the foreign direct investment (FDI) ceiling in the insurance sector to 100% from the current 74%.He believes this move will attract more foreign players, bolster the industry's capital base, and help achieve the government's target of 'insurance for all' by 2047.
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Sunset For Once-Storied Jet Airways As Turbulent Insolvency Flight Ends
Jet Airways: More than five years ago on an April evening, cash-starved Jet Airways announced the temporary grounding of operations after flying as a full-service airline for 25 years.
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Maruti Suzuki Looks To Enhance Exports With Upcoming New Dzire Sedan
Maruti Suzuki: Maruti Suzuki India is targeting markets like UAE, Saudi Arabia, Chile, Mexico, and other Latin American countries with its upcoming new version of compact sedan Dzire to accelerate exports as it eyes over 300,000 units of overseas shipments this fiscal, a senior company official said.
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Skoda Plans To Launch Electric Vehicle In India In 2025, Says Brand Director Petr Janeba
Skoda Electric Car: Skoda Auto will roll out its electric vehicle in the Indian market in 2025.
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India's forex reserves decline for fifth week, possibly due to RBI selling
India's foreign exchange reserves have decreased for the fifth consecutive week, now standing at $682.130 billion. This decline follows a record high last month, attributed to the Reserve Bank of India's intervention to stabilize the Rupee. Despite the recent dip, India boasts substantial reserves, enough to cover approximately one year of imports.
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Game-Changer: THIS Feature-Packed, Affordable Maruti Car Earns 5-Star Safety Rating - Global NCAP Crash Test Result Out
Maruti Dzire Safety Rating: All-new 4th-gen Maruti Dzire has become the company's first car to earn a 5-star safety rating from Global NCAP.
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Maruti Dzire 5-Star Safety Rating Global NCAP Crash Test Result
Maruti Dzire Safety Rating: All-new 4th-gen Maruti Dzire has become the company's first car to earn a 5-star safety rating from Global NCAP.
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Withdraw Pension From Any Bank Or Branch Anywhere In Country: Rs 11 Crore Pension Disbursed Under Pilot Run
The pilot run was completed on 29th and 30th October 2024 with the pension disbursement of about Rs 11 Crore for October 2024 to more than 49,000 EPS Pensioners of Jammu, Srinagar and Karnal Regions.
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Sensex, Nifty Fall For 2nd Day Amid Foreign Fund Exodus, Muted Corporate Earnings
Benchmark BSE Sensex declined by 55.47 points or 0.07 per cent to settle at 79,486.32. During the day, it tanked 424.42 points or 0.53 per cent to 79,117.37.
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SBI Q2 results: Net profits increased by more than 27 per cent
State Bank of India reported a net profit of Rs 18,331 crore in the second quarter of FY25, marking a 27.92% increase. Net interest income also saw a rise of 5.37%, reaching Rs 41,620 crore. The bank's credit grew by 14.93% year-on-year, reaching Rs 39.21 lakh crore, with significant growth in domestic advances, SME, and retail personal loans.
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SBI Q2 results: Net profits increased by more than 27%
State Bank of India reported a net profit of Rs 18,331 crore in the second quarter of FY25, marking a 27.92% increase. Net interest income also saw a rise of 5.37%, reaching Rs 41,620 crore. The bank's credit grew by 14.93% year-on-year, reaching Rs 39.21 lakh crore, with significant growth in domestic advances, SME, and retail personal loans.
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SBI Q2 Net Profit Jumps 23 Pc To Rs 19,782 Crore
The consolidated net profit for the corresponding period last year stood at Rs 16,099 crore.
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'Investing Rs 3,000 crore in 6 new locations; expect $1 billion topline from there': Abhinandan Lodha
The House of Abhinandan Lodha (HoBL), known for pioneering online land sales in India, is expanding its reach to North India. The company plans to invest Rs 3,000 crore in developing plots across six new locations, aiming to capitalize on the growing demand for land as an investment asset.
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Swiggy IPO day 3: Institutional investor portion fully subscribed, overall subscription at 79%
Swiggy's $1.4 billion IPO saw its institutional investor portion fully subscribed on the final day, although overall subscription reached 79%.The retail investor portion remained partially unsubscribed. The IPO, aiming to raise Rs 11,327 crore,was open for public subscription from November 6-8, with shares priced between Rs 371 and Rs 390.
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200 Indian Women Entrepreneurs Set To Raise Rs 850 Cr From Investors: Goldman Sachs
According to Union Minister for Commerce and Industry Piyush Goyal, the 'Goldman Sachs 10,000 Women' initiative highlights the untapped potential in women.
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US stocks climb as Fed cuts interest rates by 0.25% to curb inflation
The US stock market climbed on Thursday following the Federal Reserve's decision to cut interest rates by 0.25%, a move widely anticipated by investors. The Fed's action, in response to easing inflation, had little impact on the market.Despite the rate cut, the market's future direction remains uncertain due to potential economic policies by President Trump.
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Government Changes Timing Of Revealing GDP Data --Check New Timings
MoSPI has decided to revise the release time for the Press releases of GDP estimates from 5.30 PM to 4.00 PM.
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'India did everyone a favour!': Union minister Hardeep Singh Puri explains why India bought Russian oil
India's purchase of Russian oil during market instability helped stabilize global prices, preventing a potential surge to $200 per barrel, according to Union Minister Hardeep Singh Puri. He stated that India's actions benefited all nations and highlighted the importance of securing affordable energy for its citizens.
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Stock market today: BSE Sensex dips over 300 points; Nifty50 near 24,100
Indian benchmark indices opened lower on Friday, with Sensex declining over 275 points and Nifty50 down by 109 points in early trading. This follows a downward trend influenced by cautious investor sentiment ahead of the US Fed's policy decision and the release of disappointing second-quarter results.
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KYC Rules: RBI Makes 6 Amendments, New Rules Effective Immediately --Check Details
Amendments have also been made regarding CDD Procedure and sharing KYC information with the Central KYC Records Registry (CKYCR). CKYCR is an entity which receives, stores, safeguards and retrieves KYC records in the digital form of a customer.
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Fed's Powell: Will not quit even if asked by Trump
Following Donald Trump's re-election, Federal Reserve Chair Jerome Powell affirmed the central bank's independence, stating that he would not resign if asked and emphasizing that the president lacks the authority to remove him. Powell's firm stance signals a potential power struggle over interest rate policy, with Trump having previously criticized the Fed's decisions.
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