Business news

EV firm Ather Energy's losses swell 2.5 times to reach Rs 865 cr in FY23 [details]

Hero MotoCorp-backed electric vehicle (EV) company Ather Energy's losses surged more than 2.5 times in the financial year 2022-23.

Sep 24, 2023

India is the most expensive stock market in the world

Even after the recent correction, Nifty is trading around 20 times FY 24 earnings, making India the most expensive market in the world, says V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Sep 23, 2023

Must ensure rupee remains competitive after inclusion in bond index, says Chief Economic Adviser

JP Morgan's decision to include Indian government bonds in its widely tracked emerging market debt index indicates confidence in India's potential, Chief Economic Adviser V. Ananth Nageswaran said on Friday.

Sep 23, 2023

Bitcoin logs over 700K transactions in single day after almost 2 years: Data

Bitcoin has witnessed an extraordinary surge in transaction volume in the past week, logging over 700,000 transactions in a single day, a new data has shown.

Sep 21, 2023

Sensex down by 625 points due to multiple headwinds in opening session

There are too many challenges for the market in the near-term. Brent crude at $94, the dollar index above 105, the two-year US bond yield at 5.09 per cent and the INR at record lows against the dollar are strong headwinds, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Sep 20, 2023

'Triple danger' looming over Indian markets in the near-term

There is a 'triple danger' looming over markets in the near-term: dollar index above 105, steadily rising US 10-year bond now around 4.39 per cent and the Brent crude above $94, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Sep 18, 2023

'Silicon Valley' Bengaluru emerges as major investment destination for NRIs

India's IT capital Bengaluru has evolved as the major investment destination for NRI investors in residential real estate.

Sep 18, 2023

Google Co-founder Sergey Brin quietly divorced wife after alleged affair with Musk

Google co-founder Sergey Brin quietly divorced Nicole Shanahan, an attorney and entrepreneur, over rumours that Shanahan was engaged in a romantic relationship with Tesla and SpaceX CEO Elon Musk.

Sep 17, 2023

Legal action by Akasa Air: Over 40 pilots face lawsuit for abrupt resignations

Akasa Air has initiated legal action against more than 40 pilots who recently left the airline to join other carriers. This sudden departure of pilots has compelled the airline, which commenced operations in August of the previous year, to cancel numerous flights since the previous month.

Sep 17, 2023

US stocks slump on China's economic recovery, could have ripple effect worldwide

As US stocks slumped, the tech-heavy Nasdaq Composite lost 0.3 per cent and the Dow Jones Industrial Average slumped by 0.2 per cent on the back of a report that China's economy is recovering.

Sep 16, 2023

Stock Market: NTPC top performer in Nifty's rally from 19k to 20k

New Delhi, Sep 15 (IANS) NTPC, Coal India, Cipla, L&T and Tata Steel were top performers, while Britannia, Eicher, HUL, HDFC Bank and Nestle were the key laggards during Nifty's 19k to 20k journey during Jun'23- Sept'23.

Sep 15, 2023

manyata tech park it companies in bangalore bengaluru tech parks SEZ

Upcoming tech parks in Bengaluru; over 25 mega projects to transform North B'luru [see list]

From Infosys to SAP Labs and Boeing to Philips Innovation Campus, there are a lot of exciting new tech campuses on the horizon for Bengaluru's north part.

Sep 14, 2023

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

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