Rallying for the fourth straight session, stock market benchmarks Sensex and Nifty surged over 1 per cent on Thursday, powered by across-the-board buying amid a mixed trend in global equities after the US Federal Reserve maintained its rate cut projections
After a massive selloff in the shares of food delivery giants Zomato and Swiggy, analysts believe the time may be right for investors to start adding these stocks to their portfolio carts. Photograph: PTI Photo from the Rediff Archives Their
India is home to more than 100 million diabetics, and the demand for anti-diabetic drugs is on the rise — the Rs 20,611 crore anti-diabetic drug market in India is growing at 9 per cent or so. Kindly note the
Raymond Ltd chairman and managing director Gautam Singhania’s estranged wife Nawaz Modi Singhania has resigned as a director on the board, according to a statement by the company on Wednesday. Photograph: ANI Photo Raymond Ltd has announced the resignation of
Hyundai Motor India and Honda Cars India on Wednesday joined the list of automakers planning to hike prices of vehicles from April, second time this year, to partially offset the impact of rising input costs and higher operational expenses. In
An ACMA-BCG report has targeted Indian auto component exports to hit $100 billion – nearly a fivefold increase from $21 billion currently. Photograph: Kind courtesy Amit Dave/Reuters Automotive (auto) component companies see a new opportunity to increase their exports manifold
IndusInd Bank on Tuesday said global rating agency Moody’s has placed the bank’s baseline credit assessment (BCA) under review for a possible downgrade. Photograph: Anushree Fadnavis/Reuters The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy
IndusInd International Holdings chairman Ashok Hinduja on Tuesday announced the acquisition of Reliance Capital, completing the three-year-long resolution process of the debt-ridden company. Photograph: Prashant Waydande/Reuters IndusInd International Holdings Ltd (IIHL) has transferred the bid amount to the escrow account
The BSE benchmark index Sensex jumped 1,131 points to revisit the 75,000 level on Tuesday and the NSE Nifty surged 1.45 per cent powered by widespread buying amid a bullish trend in global equities. Photograph: Savita Kirloskar/Reuters Extending its previous
Chinese carmaker BYD’s claims of charging their electric cars in five minutes on their new platform may be a gamechanger, but it will not work in India. Photograph: Aly Song/Reuters On Monday, BYD announced a new charging platform that it
