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Passenger vehicle dispatches drop 27 per cent in October
NEW DELHI: Passenger vehicle wholesales in India declined by 27 per cent year-on year in October with semiconductor shortage hitting production of automobile manufacturers, auto industry body SIAM said on Friday.
Passenger vehicle sales…
Individuals can now directly buy T-bills, G-Secs from market
NEW DELHI: Individuals can now directly purchase treasury bills, dated securities, sovereign gold bonds (SGB) and state development loans (SDLs) from primary as well as secondary markets, thanks to the RBI Retail Direct Scheme launched by…
Paytm IPO: Initial share price fixed at Rs 2,150 apiece
NEW DELHI: Digital payments and financial services firm Paytm has fixed an offer price of Rs 2,150 apiece for its initial share-sale.
The shares of Paytm are expected to list on bourses on November 18, according to the final prospectus…
India invites South Korean investments in Defence, retail sectors
New Delhi, Nov 12 (UNI) India is looking for investments from South Korea in new sectors like Defence, retail and at strengthening the complementary strengths of the two countries in automobiles, textiles, food processing, leather products,…
Elon Musk sells $5 billion in Tesla shares after Twitter poll
Tesla Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. In his first share sale since 2016, Musk’s trust sold…
McKinsey partner Puneet Dikshit charged with insider trades on Goldman deal
A McKinsey & Co. partner who advised Goldman Sachs Group Inc. on its impending acquisition of GreenSky Inc. was charged with using inside information about the deal to make more than $450,000 from illegal trades.
Puneet Dikshit, 40,…
Rising global inflation ignites market sell-off, rupee slides
The benchmark indices declined on Thursday, taking cues from global peers as US inflation data hit a 30-year high on Wednesday, amid volatility due to the weekly expiry of F&O contracts. The Sensex slipped below 60,000, closing at…
IPO Wrap: Sapphire Foods IPO subscribed 6.62 times on final day led by retail investors and QIBs
Sapphire Foods IPO subscription status: The initial public offering (IPO) of Sapphire Foods India, which operates KFC and Pizza Hut outlets, which was launched earlier this week got subscribed 6.62 times on the final day, according to the…
China’s Singles’ Day shopping fest muted amid tech crackdown
China’s biggest online shopping day, known as “Singles’ Day” on Nov. 11, is taking on a muted tone this year as regulators crack down on the technology industry and President Xi Jinping pushes for “common prosperity.”
The Singles’ Day…
Partial Eclipse of the Moon on Nov 19, visible in India
Kolkata, Nov 11 (UNI) A partial eclipse of the Moon will occur on November 19 next.
From India, just after moonrise, ending of partial phase of the eclipse will be visible for a very short span of time from extreme north eastern parts of…
Sensex ends 81 points lower at 60,350-mark; Nifty holds 18,000 level
MUMBAI: Equity benchmark Sensex declined by 81 points on Wednesday due to losses in HDFC Bank, ICICI Bank and HUL amid a weak trend in global markets. The 30-share index ended 80.63 points or 0.13 per cent lower at 60,352.82. Similarly,…
India Cements reports Rs 21.97 crore as standalone profit
CHENNAI: The India Cements Ltd on Wednesday said the cement-maker reported standalone profit for the quarter ending September 30, 2021 at Rs 21.97 crore. The city-based company registered a standalone profit at Rs 71.43 crore during the…
Falguni Nayar becomes India’s newest self-made billionaire
MUMBAI: India's only woman-led unicorn Nykaa made its market debut Wednesday, tripling founder Falguni Nayar's net worth and making her the country's newest self-made billionaire in an ongoing IPO boom.
Nayar, 58, joined only six other…
Powergrid posts Profit After Tax of ₹ 3,376 crore for Q2 FY’22
New Delhi, NewsonRadar Bureau, Nov. 10: Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry of Power, GoI, has announced unaudited financial results for Q2FY22 ending 30th September 2021.
The company…
GDP to expand at 9.5 per cent as growth impulses strong: RBI Governor
MUMBAI: Stating that growth impulses and the fast-moving economic indicators are strong, Reserve Bank Governor Shaktikanta Das on Wednesday exuded confidence in the economy clipping at the projected 9.5 per cent growth this fiscal.…
Uber sued in USA for overcharging disabled riders with ‘wait time’ fees
Washington, Nov 11 (UNI/Sputnik) The US government has accused Uber of discriminating against disabled customers who need extra time to enter vehicles with so-called wait time fees, the Justice Department said in a lawsuit.
“The lawsuit,…
Pursuing key FTAs, planning scheme to push services: Piyush Goyal
Commerce minister Piyush Goyal said on Tuesday India will realise by 2030 a lofty services export target of $1 trillion, nearly five times of what it exported last fiscal.
For this to materialise, he said, the world’s seventh-largest…
RBI lifts curbs, allows Diners Club to onboard customers
The Reserve Bank of India (RBI) on Tuesday lifted restrictions on Diners Club International and allowed it to onboard new domestic customers.
The restrictions have been lifted with immediate effect, the central bank said in a statement.…
Paytm IPO subscribed 48% at the end of day 2
Paytm’s Rs 18,300-crore IPO was subscribed 48 per cent on Tuesday, with one more day to go for bidding to close for India’s largest public issue to date.
The initial public offering of Paytm’s parent company One97 Communications Ltd…
Seven Elon Musk tweets that sent Tesla shares on a wild ride
Even by the standards of Elon Musk — who said in 2019 his Twitter feed had pretty much descended into nonsense — last weekend’s poll on whether he should sell 10% of his Tesla Inc. stock was outlandish.
After a clear majority (58%) of…
