Markets

Twitter's worth down to just $15 bn under Musk: Report

Twitter is now worth only about $15 billion, a massive 33 per cent lower than $44 billion Elon Musk and his co-investors paid to acquire the platform, the media reported on Wednesday.

May 31, 2023

Adani Ports Revenue and EBITDA jumps over 20% in FY23

Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday announced its results for the fourth quarter and year ended March 31, 2023.

May 31, 2023

Shaktikanta Das, Governor, Reserve Bank of India

Most of Rs 2,000 notes will come back from circulation by Sept 30: RBI Governor

The Reserve Bank of India expects most of the outstanding Rs 2,000 denomination banknotes to come back to the banks by September 30, the last date for deposit/exchange of such notes, Shaktikanta Das, the RBI Governor said.

May 22, 2023

Demonetisation again? RBI asks people to return or deposit Rs 2,000 currency notes in banks by Sept 30

The Reserve Bank of India (RBI) on Friday said that it will withdraw the Rs 2,000 denomination banknote from circulation but it will continue as legal tender.

May 19, 2023

Bengaluru man flings currency notes off flyover, causes commotion, traffic; booked [details]

Bengaluru-based VC firm 3one4 Capital raises Rs 1,600 cr in new fund

Bengaluru-based early stage venture capital firm, 3one4 Capital on Monday said it has closed its fourth early-stage fund (sixth fund overall) at $200 million (about Rs 1,600 crore).

May 8, 2023

Markets This Week: Expect sideways movement with focus on Smallcap and midcap space

The week gone by had four trading sessions, but it had plenty of action and behaved on expected lines. It began positively, went sideways, gained and then crashed. At the end of it all, it was a flat week but with all important levels being touched, writes Arun Kejriwal

May 8, 2023

US heading for monetary crisis? Impact could rattle global financial markets [Analysis]

Any default on interest payments by the US government on its securities would lead to a global monetary crisis plus an internal constitutional monetary crisis, writes T.N. ASHOK

May 4, 2023

While most global equity markets are rising 5-20% in 2023, India is flat

The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report.

May 3, 2023

Swiggy begins charging Rs 2 'platform fee' per food order from users

Online food delivery platform Swiggy has started charging all users a "platform fee" of Rs 2 per food order, irrespective of the cart value.

Apr 29, 2023

Visiting Nepal? Soon you can make payments using BharatPe, PhonePe, Google Pay and Paytm

The accord will allow Indian tourists in Nepal to make digital payments using Indian e-wallets like BharatPe, PhonePe, Google Pay and Paytm.

Apr 11, 2023

Mumbai: People walk past a screen showing stock market goes up outside BSE building at Dalal Street

Sensex crosses 60,000, Nifty around 17,650 points as markets revive after Hindenburg row

Market Indices are seen at day's high as Sensex crosses 60,000, Nifty around 17,650 points with Tata Motors, HDFC Bank, ICICI Bank, Axis Bank and Reliance Industries being the most active shares on the NSE.

Apr 10, 2023

No change in repo rate, GDP projected at 6.5% for FY24

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.

Apr 6, 2023

Twitter co-founder Jack Dorsey to take home nearly $1 bn once Elon Musk closes deal

After Adani, Hindenburg targets Twitter former CEO Jack Dorsey, makes him poorer by $526 million

Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index. His firm Block's shares nosedived as much as 22 per cent on Thursday, before closing down 15 per cent late on Thursday.

Mar 24, 2023

Hindenburg to come out with one more report, details not given

The US short seller said another report is in pipeline, in a tweet a few hours ago without giving further details.

Mar 23, 2023

Last time hike? US Fed raises interest rates again, defends move

The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation