Business
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Hyundai Motor India set to make stock market debut after record IPO
New Delhi: The Indian subsidiary of South Korean automotive giant Hyundai Motor is set to make its stock market debut this week following a record initial public offering (IPO), according to industry…
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Maldivian President decides to introduce India’s UPI in Maldives
Male: Maldivian President Mohamed Muizzu has decided to take the necessary steps to introduce India’s Unified Payment Interface (UPI) in the Maldives. The move is expected to bring significant benefits to the…
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Market Outlook: PMI data, Q2 results and FII data key factors fornext week
New Delhi: The outlook for the market for next week will be guided by the major domestic and global economic data such as India Nikkei S&P Global manufacturing and services PMI data,…
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Kotak Mahindra Bank Q2 results: Net profit rises 4.8 pc to Rs 3,344 cr
New Delhi: Kotak Mahindra Bank on Saturday, October 19 reported a net profit of Rs 3,344 crore in the July-September period (Q2 FY25), up 5 percent from Rs 3,191 crore in the…
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Adani Group donates Rs 100 cr to Young India Skill University in Telangana
Hyderabad: Adani Group chairperson Gautam Adani donated Rs 100 crores to Telangana’s proposed Young India Skill University, during his meeting with Telangana chief minister Revanth Reddy on Friday, October 18. According to…
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Sensex, Nifty slump as unabated foreign fund outflows drag markets lower
Mumbai: Equity benchmark indices slumped in early trade on Friday, falling for the fourth day running, amid relentless foreign fund outflows and selling in Infosys shares after its second quarter earnings failed…
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Adani Enterprises raises $500 million via QIP to push growth plans
Ahmedabad: Adani Enterprises Limited (AEL) on Thursday said it has successfully raised $500 million (about Rs 4,200 crore) primary equity via qualified institutional placement (QIP) to further its growth plans. The flagship…
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L&T Technology Services net profit rises to Rs 320 crore in Q2
Mumbai: IT major L&T Technology Services Ltd reported a net profit of Rs 320 crore in the July-September quarter of FY 2024-25 on Wednesday, up 2 per cent in comparison to Rs…
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Ahead of Diwali, Centre announces 3 percent hike in DA for employees
New Delhi: Union Cabinet led by PM Narendra Modi on Wednesday approved a 3 per cent increase in dearness allowance (DA) and dearness relief (DR) for Central government employees and pensioners. The…
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Indian market trades lower, Nestle and Infosys among top losers
Mumbai: The Indian stock market began trading on a lower note on Wednesday, as Nestle and Infosys were among the top losers in the morning trade. The BSE Sensex began trading at…
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Global smartphone market grows 2 pc, iPhone 16 makes Apple biggest brand in Sep
New Delhi: Global smartphone market grew 2 per cent in the July-September period – the first year-on-year growth in a third quarter since Q3 2018 — as Apple became the biggest brand…
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Indian markets end in red, auto and IT stocks under pressure
Mumbai: The Indian benchmark indices closed in the red on Tuesday, October 15 as auto, IT, and PSU banks remained under pressure. The BSE Sensex closed at 81,820.12 after slipping 152.93 points…
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Indian data should remain in India’s data centres: Akash Ambani
New Delhi: India should urgently embrace AI with a holistic strategy driven by maximum “Atmanirbhar” efforts, Akash M Ambani, Chairman of Reliance Jio Infocomm said on Tuesday, as he made a strong…
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Embattled SpiceJet settles $23.39 mn dispute amid fresh insolvency case
New Delhi: Embattled airline SpiceJet on Tuesday said it has settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd for an aggregate sum…
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Stock market opens in green, Nifty trades above 25,150
Mumbai: The Indian stock market opened on a positive note on Tuesday, and except for auto and metal, all other sectoral indices were trading in the green. The BSE Sensex reached 82,189.42…
