Business news

Swiggy's share turns stale, back at public listing price in just 1 day

Online food delivery and quick commerce company Swiggy shares slipped 7.54 per cent to close at Rs 421.60 on Thursday -- just 24 hours after its strong public debut in a bearish market -- due to profit booking on higher level.

Nov 14, 2024

Black Box to leverage India's digital & AI boom to drive high-growth tech opportunities

Black Box to strive for India's digital & AI boom

Black Box Ltd, Essar's technology arm, has unveiled an ambitious growth strategy focused on India, aiming to position itself as a strategic partner for global technology companies expanding into the region.

Nov 14, 2024

India's inflation rate 5.6% higher than most other nations: Bank of Baroda

India's WPI Inflation Rises To 2.36% In October

India's inflation rate, based on the Wholesale Price Index (WPI), rose to 2.36% in October this year, compared to the same month of the previous year on the back of higher food prices.

Nov 14, 2024

Sensex snaps five-day losing streak, Nifty closes above 24,300

Indian stock market opens flat, DIIs lift market sentiment

On the National Stock Exchange (NSE), 1,486 stocks were trading in green, while 803 stocks were trading in red. Nifty Bank was at 50,385.90 after rising 297.55 points or 0.59 per cent.

Nov 14, 2024

Hyundai Motor India shares slip to Rs 1,745, down over 10 pc of IPO price

Shares of Hyundai Motor India, that were listed at Rs 1,931 apiece, have slipped more than 10 per cent from its IPO price.

Nov 13, 2024

Centre to hold investors' meet in Andaman for big push to fisheries sector

The Centre's Department of Fisheries, is organising an investors' meeting to offer opportunities in the fisheries and aquaculture sector of the Andaman & Nicobar Islands on November 14 which will be attended by around 60 Investors from various parts of the country specialising in technologies related to Tuna and Seaweed.

Nov 13, 2024

2-wheeler sales surge to record high of 21.64 lakh units in India in Oct

Two-wheeler sales surge to record high of 21.64 lakh units in India in Oct

Total two-wheeler sales in the country surged by a robust 14.2 per cent to 21.64 lakh units in October this year, compared to 18.96 lakh units in October 2023, according to figures released by the Society of Indian Automobile Manufacturers (SIAM) on Wednesday.

Nov 13, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Sensex crashes 984 points; loses 1,795 points in 3 trading sessions

The Indian stock market closed on a bearish note on Wednesday with significant declines across major indices.

Nov 13, 2024

Mercedes-Benz India cruises to double-digit growth as demand for luxury cars rises

Mercedes-Benz India is on course to close the current year with a double-digit jump in sales, as demand for luxury cars increased.

Nov 13, 2024

Swiggy-backed Rapido sees net loss at Rs 371 crore in FY24

Homegrown ride-sharing platform Rapido registered a net loss of Rs 371 crore last fiscal (FY24) from Rs 675 crore in FY23.

Nov 13, 2024

Indian stock market opens in red as consolidation phase continues

Sensex was trading at 78,260 after slipping 414 points and Nifty was trading at 23,706 after dropping 167 points.

Nov 13, 2024

India's industrial production rises 3.1 pc in September

India's Index of Industrial Production (IIP) bounced back with an expansion of 3.1 per cent in September as against a contraction of 0.1 per cent in August, according to data released by the Ministry of Statistics on Tuesday.

Nov 12, 2024

Nykaa's net profit drops almost 5 pc to Rs 12.97 crore in July-Sep

Despite the onset of festive season, online beauty and fashion ecommerce major Nykaa saw its consolidated net profit declining almost 5 per cent to Rs 12.97 crore in the July-September period (quarter-on-quarter), according to its financials on Tuesday.

Nov 12, 2024

India's retail inflation rises to 6.21 pc in Oct as vegetables play spoilsport

India's retail price inflation, based on the Consumer Price Index (CPI), rose to 6.21 per cent in October as higher prices of food items such as vegetables spiked during the month, figures released by the Ministry of Statistics on Tuesday showed.

Nov 12, 2024

vistara airasia india aviation policy india domestic air traffic air fare promotion offer tickets discount sale price business slowdown

Vistara merger with Air India takes off; Group to now operate 300 aircraft

The Air India Group on Tuesday completed the operational integration and legal merger between Air India and Vistara, creating a full-service carrier of scale and marking a significant milestone in the post-privatisation transformation journey.

Nov 12, 2024