Business news

Markets: Sensex, Nifty trade flat as Titan, bank stocks emerge as top losers

At pre-open, Nifty was flat at 24329.45 and the Sensex was lower by 0.1 per cent at 79915.00. Shares of Titan Co fell nearly 4 per cent after it reported subdued growth in the sales of its jewellery segment.

Jul 8, 2024

Smart home refridgerator by LG at the IFA Electronics show

LG acquires majority stake in Netherlands-based Athom in AI push

Even after the acquisition by LG Electronics, Athom will continue to operate independently, maintaining its business operations and branding

Jul 7, 2024

Mobile tariff hike: Centre responds, says market's demand and supply decide it

The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector players, the current mobile services market operates through the market forces of demand and supply.

Jul 6, 2024

Govt makes ISI mark mandatory for steel & aluminium utensils to ensure safety in kitchens

ISI Mark Now Mandatory for Kitchen Utensils in India

In a significant move to enhance kitchen safety and quality, the Central government of India has made it mandatory for stainless steel and aluminium utensils to conform to the Bureau of Indian Standards (BIS). The announcement was made on Friday by the Commerce and Industry Ministry, marking a significant step towards ensuring consumer safety and product quality.

Jul 5, 2024

Sensex down 510 points, trades lower amid profit booking in largecaps

At 9:50 a.m., Sensex was down 510 points or 0.64 per cent at 79,538 and Nifty was down 88 points or 0.36 per cent at 24,214.

Jul 5, 2024

Elon Musk halts investment plans in India: Bloomberg report

It has been previously reported that Elon Musk had planned to visit Indian prime minister Narendra Modi in April

Jul 4, 2024

Sensex jumps more than 1,000 points on impressive GDP numbers (Ld)

Sensex closes above 80,000 for first time, Nifty at 24,302

Indian equity indices closed with marginal gains on Thursday following a volatile session. Sensex and Nifty made a new all-time high of 80,392 and 24,401 respectively, but the markets were unable to hold onto the higher levels as the day progressed.

Jul 4, 2024

Global survey ranks India among top three most optimistic nations

A new global survey has ranked India among the top three most optimistic nations, along with Singapore and Indonesia, based on the economic outlook of the people interviewed across various countries.

Jul 4, 2024

Finance Ministry declares 7.1 pc interest rate for Central govt staff PF schemes

The Finance Ministry has announced a 7.1 per cent interest rate for the Central government employees' General Provident Fund (GPF) and other similar provident fund schemes for the July-September quarter.

Jul 4, 2024

Sensex hits new all-time high after opening positive on global cues

At 9:50 a.m., Sensex was 370 points or 0.46 per cent at 80,361, and Nifty 101 points or 0.42 per cent at 24,392.

Jul 4, 2024

Markets create new record, Sensex crosses 80,000 for the first time

Sensex and Nifty made a new all-time high of 80,039 and 24,292 respectively.

Jul 3, 2024

Sensex closes flat amid profit booking in smallcap and midcap stocks

Indian equity Indices closed flat on Tuesday following profit booking in midcap and smallcap stocks. At closing, Sensex was down 34 points, at 79,441 and Nifty was down 18 points, at 24,123.

Jul 2, 2024

Zomato ESOP plan: 25% voted against it but gets shareholders' nod finally

Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the company said in an exchange filing.

Jul 2, 2024