Business news

Cash transactions decline rapidly in India as digital payments surge: RBI economist

In the last three years, digital transactions have surged in such a fashion in India that cash usage, which still accounts for 60 per cent of consumer expenditure (as of March 2024) is rapidly declining, according to a paper by the Reserve Bank of India (RBI) economist.

Oct 23, 2024

Indian share market opens flat, HDFC Bank and TCS among top gainers

The Indian stock market opened flat on Wednesday as buying was seen in the IT, financial services, FMCG and metal sectors in the early trade.

Oct 23, 2024

Women Leaders Advocate for Diversity and Inclusion

At the NDTV World Summit 2024, leading Indian businesswomen, including Kami Swaminath, Preeti Bajaj, and Padmaja Ruparel, discussed the importance of diversity and inclusion.

Oct 22, 2024

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato clocks over 30 pc net profit loss in Q2, to raise Rs 8,500 crore via QIP

Online food aggregator Zomato on Tuesday reported over 30 per cent loss in net profit at Rs 176 crore (quarter-on-quarter) in the July-September period, from Rs 253 crore in the previous quarter (Q1 FY25).

Oct 22, 2024

Adani Group's Ambuja Cements acquires 47 pc stake in Orient Cement for Rs 8,100 crore

Cemented Deal: Adani Group's Ambuja Cement Finalizes 47% Stake in Orient Cement

Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday announced to acquire Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore.

Oct 22, 2024

Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers

Sensex opens in green but slips by 443 points

The Indian stock market opened in green on Tuesday as buying was seen in the IT and pharma sectors in early trade.

Oct 22, 2024

Zepto CEO credits govt's role for India's startup growth

Zepto CEO credits Modi govt for mushrooming of start-ups

Aadit Palicha, Co-Founder & CEO of Zepto credited Modi government for creating an 'enabling' atmosphere for mushrooming of start-ups and expressed optimism that the the greenhorn businesses will power the next phase of growth.

Oct 21, 2024

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Market Closure: Sensex and Nifty drop lower, Tata Consumer and Kotak Mahindra Bank top losers

The Indian stock market closed in red on Monday as IT and PSU banks remained under pressure at the end of trading.

Oct 21, 2024

SEBI gives approval to Niva Bupa for Rs 3,000 crore IPO

Niva Bupa Health Insurance on Monday said it has received final approval from the capital markets regulator, the Securities and Exchange Board of India (SEBI), to raise Rs 3,000 crore through an initial public offering (IPO).

Oct 21, 2024

Indian Stock Market : Long-term outlook for domestic market remains robust amid geopolitical risks

Despite a sustained selling pressure from the foreign institutional investors (FIIs) amid geo-political tensions this week, the long-term outlook for the domestic market remains robust with a stability in growth and a pickup in capex.

Oct 19, 2024

Sensex trades lower amid weak global cues

Stock market opens in red, trades low amid weak geopolitical sentiments

The Sensex was trading at 80,752.18 after slipping 254.43 points or 0.31 per cent.

Oct 18, 2024

IPO boom: Hyundai Motor India public issue subscribed over 2 times on last day

Hyundai Motor India Ltd's initial public offering has been subscribed 2.34 times till 4 p.m. on its third and last day on Thursday as the qualified institutional buyers (QIB) portion in the IPO was subscribed nearly 7 times.

Oct 17, 2024

Wipro's net income grows 21 pc YoY in Q2, announces 1:1 bonus share

IT major Wipro on Thursday reported net income in the July-September period (Q2 FY25) at Rs 3,209 crore -- a 6.8 per cent quarterly growth and 21.3 per cent annual growth.

Oct 17, 2024

Infosys stock falls as company disputes Rs 32,000 crore GST notice

IT major Infosys posts 4.7 pc increase in Q2 net profit at Rs 6,506 crore

IT major Infosys on Thursday reported a 4.7 per cent increase in net profit (year-on-year) in the July-September period (Q2 FY25) to Rs 6,506 crore from Rs 6,212 crore in the year-ago quarter.

Oct 17, 2024

India's readymade garment exports surge despite global headwinds: AEPC

India's readymade garment exports surge despite inflationary pressure: AEPC

India's readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC).

Oct 17, 2024