Business news

Bombay Dyeing to sell 22-acres Worli land to Goisu Realty for Rs 5,200cr

In one of the biggest realty deals, the Bombay Dyeing and Manufacturing Co. Ltd. (BDMC) said it has approved a proposal to sell off its prime property in Worli, measuring around 22 acres, to Goisu Realty Pvt. Ltd in two phases for around Rs 5,200-crore, to pay off debts and fund future projects, here on Wednesday.

Sep 13, 2023

Stock Market: Best chance during week for new indices

Markets were in a very aggressive mood last week and gained on all five trading sessions. Something like this has not happened in a long time and they now seem set to make a new lifetime high and cross Mount 20K on NIFTY.

Sep 11, 2023

Buoyant sentiments may lift Nifty towards 20K mark over next few days

Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Sep 10, 2023

Sensex, Nifty just shy of record highs ahead of G 20 summit

Benchmark Indices ended the week on Friday just a few percentage away from record highs ahead of the G20 Summit buoyed by good support from the Bank Nifty on positive newsflow from the RBI as well as the PSU & Infrastructure stocks, says S Ranganathan, Head of Research at LKP Securities.

Sep 8, 2023

Almost 7 crore income tax returns filed till Sep 5, says govt

As many as 6.98 crore income tax returns (ITRs) have been filed till September 5, out of which 6.84 ITRs have been verified for the assessment year 2023-24, the government said on Tuesday.

Sep 6, 2023

Uday Kotak Resigns as MD and CEO of Kotak Mahindra Bank

While stepping down from his executive role, Kotak will continue to serve as a non-executive Director of the bank

Sep 2, 2023

Over-packaging by e-commerce giants no more; Flipkart shows the eco-friendly way

Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others

Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder Binny Bansal and top investment firms Tiger Global and Accel, among others.

Sep 2, 2023

SoftBank likely sold 10 cr shares in Zomato for Rs 947 crore; stock up [details]

Around 10 crore shares of online food delivery platform Zomato, amounting to an 1.17 per cent of the company's equity, changed hands on Wednesday at a total deal value of around Rs 947 crore.

Aug 30, 2023

India speeds up rice shipments to help crisis-ridden Sri Lanka

India exempts Singapore from rice export ban due to 'close strategic partnership'

India has agreed to exempt Singapore from its ban on rice exports owing to "very close strategic partnership", the External Affairs Ministry said.

Aug 30, 2023

Sensex up more than 100 points in morning trade

BSE Sensex is up 101 points in trade at 65,097 points in Tuesday morning trade.

Aug 29, 2023

The strange media company behind Gen-Z social feeds that could be worth millions.

In an interview this summer, Justin Jin, a high school senior, talked about his rising entertainment brand Poybo Media and teenage entrepreneurship.

Aug 28, 2023

Income Tax Dept launches revamped website with add-on features; Mega Menu with new features

In order to enhance taxpayer experience and keep pace with new technology, the Income Tax Department has revamped its national website (www.incometaxindia.gov.in) with a user-friendly interface, value-added features and new modules.

Aug 26, 2023

Nifty's breach below the 19,250 - 19,270 zone can trigger further slide: Expert

A decisive breach below the 19,250 - 19,270 zone shall weaken the overall bias and can trigger for further slide with next major support zone visible near 18,800 - 18,900 levels with 19,000 as the psychological landmark in-between, says Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.

Aug 25, 2023

India gets its 1st unicorn of 2023 in Zepto which raises $200 mn

India gets its 1st unicorn of 2023 in Zepto; valued at $1.4 billion after $200mn funding round

Ending the unicorn drought in India amid the ongoing funding winter, online grocery company Zepto on Friday announced it has raised $200 million in its Series E round, valuing the company at $1.4 billion.