Business
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Equities extend losses; MPC meet in focus for fresh cues
New Delhi: The benchmark indices — Sensex and Nifty — extended their losses for the second consecutive session on Wednesday primarily due to profit booking after a consistent rally in recent sessions.…
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Twitter appoints Elon Musk to its board of directors
New Delhi/San Francisco: In a significant development, Indian-origin Twitter CEO Parag Agrawal on Tuesday announced that the company has appointed Tesla and SpaceX CEO Elon Musk to its board of directors. Musk,…
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Wipro will continue to invest in Telangana: Azim Premji
Hyderabad: Wipro will continue to invest in Telangana as the state government here is progressive, Founder-Chairman of Wipro Group, Azim Premji, said on Tuesday. “Wipro will continue to invest here because we…
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Return of FIIs: Valuations attract foreign capital after 6-month hiatus
Mumbai: Attractive valuations, as well as a downward correction in commodity prices, have triggered an inflow of FII funds into India’s equity market. The market has seen an inflow of over Rs…
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Shares of Tata Motors shift gear on firm sales volumes
New Delhi: Shares of Tata Motors rose on Tuesday in an otherwise subdued broader market. The shares of the automaker gained 6 percent in the past three trading days as the company…
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Adani richer than Microsoft’s Steve Ballmer, RIL’s Mukesh Ambani
New Delhi: For the time, India’s richest person and the founder-cum-chairman of Adani Group, Gautam Adani became richer than Microsoft’s Steve Ballmer and Reliance Industries Limited’s Mukesh Ambani. With a net worth…
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Rupee surges 21 paise to 75.53 against US dollar
Mumbai: Starting the financial year 2022-23 on a bullish note, the rupee spurted 21 paise to close at a one month-high of 75.53 against the US dollar on Monday, supported by a…
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Early Bird Scheme: 5% rebate on property tax if paid before May
Hyderabad: Tax payers can now avail a 5 per cent rebate on property tax by making the tax payment before April 30. The Greater Hyderabad Municipal Corporation (GHMC) on Monday introduced the…
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Elon Musk takes 9.2% passive stake in Twitter, stock soars 28%
New Delhi/San Francisco: Twitter shares surged nearly 28 per cent on Monday after regulatory filings in the US revealed that Tesla and SpaceX CEO Elon Musk has a 9.2 per cent passive…
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Tesla to keep China plant shut due to COVID-19 restrictions
Beijing: Elon Musk-run Tesla, which delivered over three lakh vehicles in Q1 this year despite an ‘exceptionally difficult quarter,’ has been forced to keep its factory shut in Shanghai amid strict lockdowns.…
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HDFC announces merger with HDFC Bank, shares surge
New Delhi: Housing loan major Housing Development Finance Corporation (HDFC) on Monday said its Board has approved merger of its wholly owned subsidiaries HDFC Investments and HDFC Holdings with HDFC Bank. Upon the…
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SEBI extends timeline for ‘Pooling of Accounts’ to July 1
Mumbai: Markets regulator SEBI heeded to the MF industry’s request and extended the timeline for ‘Pooling of Accounts’ to July 1, 2022, said Association of Mutual Funds in India (AMFI) on Saturday.…
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Tesla delivers over 3 lakh vehicles despite ‘exceptionally difficult quarter’
San Francisco: Electric vehicle company Tesla delivered 310,048 vehicles in the first quarter of 2022, despite what CEO Elon Musk says was an “exceptionally difficult quarter”, citing global supply chain issues and…
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Assam’s Numaligarh Refinery inks with EIL for expanding research
Guwahati: The state-owned Numaligarh Refinery Limited (NRL) in Assam on Saturday signed a Memorandum of Understanding (MoU) with Engineers India Limited (EIL) for increasing research activities, NRL officials said. NRL sources said…
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SRF more than doubles investors money in FY22, shares up 132%
New Delhi: Those who invested in specialty chemical maker SRF’s shares bagged robust returns in the past 12 months. Founded in 1970, the Gurugram-headquartered company is a multi-business chemicals conglomerate engaged in…
