Business
Read the latest business and finance news — Indian and global markets, banking, real estate, automobiles, startups and economic policy on Siasat.com.
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India’s power sector set for robust growth amid renewable energy push
New Delhi: As India is poised to see a surge in energy demand than any other country over the next decade owing to its sheer size and scale of rising demand from…
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Apple plans 1st-ever research subsidiary in India amid diversification push
New Delhi: Firming up its India presence as Apple diversifies its vast supply chain and research outside of China, the iPhone maker has set up a new research and development subsidiary in…
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India’s smartphone market estimated to grow 7-8 pc this year
New Delhi: India’s smartphone market is estimated to grow 7-8 per cent this year, driven by strong demand for premium, 5G and AI smartphones, according to a new report. The mobile handset…
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Swiggy’s IPO subscribed 3.59 times on last day
Mumbai: Online food delivery platform Swiggy’s Rs 11,327 crore IPO was subscribed 3.59 times on the last day of bidding on Friday after a muted response from the investors in the initial…
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Govt eases norms for customs cargo service providers to boost global trade
New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) has introduced key relaxations for Customs Cargo Service Providers to promote ease of doing business and cut logistics cost in order…
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Hyderabad activist urges action against ASBL Spectra’s ‘illegal’ constructions
Hyderabad: Congress leader and environmental activist Dr Lubna Sarwath has called on environment and forests minister Konda Surekha to take legal action against ASBL Spectra for building apartments in Puppalguda village without…
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SBI Q2 net profit jumps 23 pc to Rs 19,782 cr
Mumbai: SBI on Friday reported a 23 percent on-year jump in consolidated net profit at Rs 19,782 crore for the quarter ended September 30, 2024. The consolidated net profit for the corresponding…
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US Fed’s 2nd consecutive rate cut a booster for emerging markets like India
Mumbai: The US Fed’s second consecutive rate cut this year of 25 basis points should be bullish for emerging markets like India, market experts said on Friday. It wasn’t a surprise when…
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Hyundai Motor pips Volkswagen to become world’s 2nd-largest automaker
Seoul: Hyundai Motor Group has outperformed Volkswagen Group to become the world’s second-largest automaker in terms of operating profit, industry data showed on Thursday. According to automotive industry data, Hyundai Motor Group…
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Tata Steel bounces back with Rs 833 cr net profit in Q2
New Delhi: Tata Steel Ltd on Wednesday reported a net profit of Rs 833 crore for the July-Sept quarter (Q2) of the current financial year to bounce back from a loss of…
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Musk’s Tesla stock surges 15% in early US trade after Trump’s win
Washington: The stock of Elon Musk-run Tesla soared almost 15 per cent on Wednesday in early trade on Nasdaq (US time), making it one of the biggest winners in the S&P 500…
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Hyderabad: Dy CM tells banks to not worry about HYDRAA for constructions
Hyderabad: Deputy chief minister Bhatti Vikramarka has informed the bankers not to be worried about the prospects of the Hyderabad Disaster Response Assets Monitoring and Protection Agency (HYDRAA) giving permissions for constructions…
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US Dollar, Bitcoin soar to record highs as Trump wins Presidential election
As stats reflected Donald Trump’s win in the 2024 US Presidential elections, values of the US Dollar (USD) and the cryptocurrency Bitcoin surged on Wednesday, November 6, with the USD recording the…
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Bitcoin expected to hit USD 80,000 as crypto fan Trump edges closer to victory
New Delhi: As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of USD 75,060, fuelling investors’ excitement in the cryptocurrency sector. The world’s…
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Indian stock market opens in green ahead of US election outcome
Mumbai: As counting for the keenly-contested US presidential election went underway, the Indian stock market opened in green on Wednesday as buying was seen in sectors like realty, media, energy, private bank…
