Last year, despite a drop in crude oil prices, it clocked extraordinary gains. This year however, a pre-election price cut of Rs 2 per litre in petrol and diesel ate into those gains.
In Narsingdi, Bangladesh, student protesters stormed a jail, freeing hundreds and setting it on fire. The event follows a police crackdown resulting in 50 deaths. An anonymous police officer and Moushumi Sarker confirmed the jailbreak to AFP. Resident Ripon saw fleeing inmates. Protests focus on public service hiring reforms, heightening tensions in the district.
“The local currency opened stronger because foreign portfolio investors inflows worth Rs. 5000 crores, and weakened during the day due to a fall in domestic equities and recovery of the dollar index”, said Dilip Parmar, a foreign exchange analyst at HDFC Securities.
The Enforcement Directorate (ED) has attached land worth over Rs 300 crore to real estate group M3M in Gurugram, India, as part of a money laundering probe linked to an alleged land fraud case involving Congress leader and former Haryana chief minister Bhupinder Singh Hooda. The land is valued at Rs 300.11 crore and is located in Basharia village of Harsaru tehsil in Haryana's Gurugram district.
Patanjali Foods Q1 Results: Revenue from operations declined 8% year-on-year to Rs 7,173 crore in the June quarter, compared with Rs 7,767 crore a year ago. The company's profit growth benefited from stable edible oil prices and consistent performance in its food and FMCG categories. Additionally, emerging sales channels like e-commerce and quick commerce have further contributed to this positive trend.
Microsoft systems worldwide faced the Blue Screen of Death, causing global disconnection. The author turned off their Dell Latitude 7430, Wi-Fi, and Amazon Fire TV in favor of typewriters. CrowdStrike, based in Austin, and CEO George Kurtz's 'cloud-first' strategy were involved. The event raised fears of a military-industrial complex.
The lender's total income for the quarter was 29% higher year-on-year at Rs 1,513 crore on a gross loan portfolio of Rs 26,304 crore, which expanded nearly 21% year-on-year
A Microsoft outage brought banks, airlines and IT offices across much of the world to a halt earlier today. This and more on today’s ETtech Top 5.
Cobra Kai season 6 part 2 release date is now awaited by fans of the popular series. We have details pertaining to premier of Cobra Kai season 6 episode 6.
Even though relatively muted demand and weak pricing impacted profitability of the country’s largest cement producer, the hit was offset by some of the other costs declining as compared to the previous year
JSW Infrastructure secured prime office space from L&T Realty in Navi Mumbai's Nerul for Rs 88 crore, covering over 52,690 sq ft in 11 units at L&T Seawoods Grand Central. This acquisition trend emphasizes purchasing properties over leasing. Additionally, the deal includes 52+ parking slots and required a Rs 5.29 crore stamp duty, per Propstack’s records, registered on July 16. As India’s second-largest private port operator, JSW Infrastructure noted an 8% net profit decline to Rs 296.55 crore for June's quarter... Читать дальше...
The funds were raised through 21 rounds, down from 27 in the same period of the previous year. This week, startups, primarily at the early and late stages, raised funding through 21 rounds, down from 27 rounds during the same period last year, when they raised a total of $293 million, according to data from Tracxn.
A corrupted update file on the Microsoft system has caused complete chaos across many parts of the world. There is a world-wide IT outage and the issue has now been fixed, according to a cyber-security firm. However, the issue will continue to linger on for a period of time. This is not a cyber-attack.
Jindal Steel clarified that Dinesh Kumar Saraogi had resigned from his position as Director of Jindal Steel in March 2023. Recently, a female passenger accused him of molestation on an Etihad flight. The incident, shared on social media, led to swift action from Etihad staff and Abu Dhabi police. Jindal Steel Chairman Naveen Jindal assured the public of a zero-tolerance policy towards such incidents and promised a thorough investigation.
The company had logged a net profit of Rs 61.28 crore in April-June FY24, according to a regulatory filing by Blue Dart Express
The Deputy Commissioner of Delhi's Cyber Crime Cell revealed a concerning trend of 700 cyber fraud victims daily in the capital. The crimes, fueled by ignorance, greed, and fear, range from financial fraud to sextortion. Despite successful arrests, cyber criminals continue to exploit victims. Public awareness and timely reporting crucial to combatting cyber fraud.
Swiss liftmaker Schindler plans to employ as many people in India as it does in China, according to CEO Silvio Napoli. The company, which first established itself in India in 1998, currently employs about 6,000 people in India and plans to employ 10,000 there by the same time. The company's strategy is to manufacture where it builds, install and maintain, with the Indian market justifying its expansion.
Amin ul Haq, an al-Qaida leader and bin Laden aide, was arrested in Jhelum city by Pakistan’s Counter-Terrorism Department. The arrest prevented planned attacks in Punjab, said Usman Gondal. Violence surged post-Afghan Taliban rise, with a South Waziristan bombing killing 2, Bannu rally shooting 3, and 8 soldiers killed in Bannu. 10 insurgents were neutralized.
General insurance, especially the motor and health segments, has seen rapid growth in the country in recent years with a rise in vehicle sales and improved awareness following the Covid-19 pandemic and resultant medical costs
The short-term trend for Nifty appears to have reversed from its all-time highs. According to daily and weekly chart patterns, there may be further weakness in the market ahead. Key support levels to monitor are around 24,200 and 24,000. Immediate resistance is at 24,850, according to Nagaraj Shetti of HDFC Securities
Senior BJP leader Mukhtar Abbas Naqvi addresses the controversy surrounding the Muzaffarnagar Police order on Kanwar Yatra eateries. The Uttar Pradesh government extends the directive state-wide, sparking criticism from various parties. Naqvi emphasizes the importance of safety and respect for the pilgrimage. The situation remains tense as different viewpoints are debated.
A UAE-based business conglomerate, Al Maya Group, has begun accepting India's Unified Payment Interface (UPI) across its outlets. The first UPI transaction took place at Al Maya Supermarket, attended by Deputy Consul General of India in Dubai, Yatin Patel. Kamal Vachani, Group Director, emphasized that UPI will enhance convenience for Indian customers and strengthen UAE-India economic ties. This move marks a significant step in UPI's global expansion, offering a seamless payment experience for Indian... Читать дальше...
The benchmark 10-year yield ended at 6.9641%, following its previous close of 6.9674%. For the week, the yield dipped 2 basis points, after ending flat last week
Byju's, valued at $22 billion, may shut down due to insolvency, stated CEO Raveendran. Byju's, backed by investors like Prosus and General Atlantic, has suffered numerous setbacks in recent months, including job cuts, a collapse in its valuation and a tussle with investors who accused CEO Byju Raveendran of corporate governance lapses. Byju's has denied any wrongdoing..
