Sensex, Nifty decline for third consecutive session
NEW DELHI: Both Indian indices – sensex and Nifty – continued their decline for the third consecutive session on Thursday, primarily driven by fears of a more hawkish stance of the US Federal Reserve.The BSE benchmark sensex fell by 570…
Big boost! India winning global manufacturing battle as supply chains shift away from China, reveals study
India’s manufacturing success in the global arena over the past five years has been notable and it has emerged as a winner, as per a study by BCG, quoted in an ET report. During this period, Indian exports to the…
Meesho takes plunge into branded business
NEW DELHI: In a move that will deepen competition in the e-commerce space, Meesho has forayed into the branded segment wherein it will allow its users the option to buy an array of products offered by national and regional brands…
Toshiba: Toshiba to go private as $13.5 billion buyout offer succeeds
Private equity fund Japan Industrial Partners Inc.’s successful tender offer for Toshiba Corp paves the way for a ¥2 trillion ($13.5 billion) buyout that would end the electronics group’s 74-year-long run as a listed entity. Toshiba, whose roots go back…
Rupee trades in narrow range against US dollar in early trade
MUMBAI: The rupee witnessed a range-bound trading against the US dollar in early trade on Thursday, weighed down by a negative trend in domestic equities and a strong American currency.Forex traders said the Indian rupee was weighed down by a…
HDFC Bank: HDFC MCap drops rs50k crore over merger cost news
MUMBAI: Shares of HDFC Bank fell to close 4% lower on Wednesday after the bank revealed in an analyst day presentation that its net worth had taken a Rs 20,000 crore hit due to the merger of HDFC. The Rs…
US Federal Reserve leaves key interest rate unchanged, sees hike by year-end
NEW DELHI: The Federal Reserve on Wednesday announced that it is keeping its primary interest rate of 5.25%-5.5% unchanged as it endeavors to steer the US economy toward a “gentle landing”, where inflation cools down without inducing a severe recession.Chair…
Totalenergies: TotalEnergies to invest $300 million in new JV with Adani Green
AHMEDABAD: The renewable energy arm of Adani Group, Adani Green Energy Limited (AGEL) and France-based TotalEnergies have entered into a binding agreement to establish a new 50:50 joint venture, equally owned by TotalEnergies and AGEL. As part of the JV,…
Pilot Exodus: Akasa gets nod to start int’l flights amid pilot exodus & firefighting
NEW DELHI: The government has given the nod to 13-month-old Akasa to start international flights which it will do this coming winter. However, for now the youngest Indian airline is fighting on two fronts: an exodus by 43 pilots that…
Sensex & Nifty down over 1%: Why investors can still remain bullish on Indian equities at this time
Sensex & Nifty tank: Most of India’s major equity indices, including the Nifty 50, Nifty midcap 150, and Nifty small cap 250, are currently providing returns that are greater than historical averages. This is true for practically all time scales…