Category: Stocks

The group’s sales in India stood at 54,598 units in 2021. PTI January 04, 2023 / 11:30 AM IST Representative image (Reuters) German automotive group Volkswagen’s sales in India grew 85.48 per cent to 1,01,270 units in 2022, SKODA AUTO Volkswagen India Pvt Ltd said on Wednesday. The group’s sales in India stood at 54,598 […]

The former teacher is seeking funding to finance the stake repurchases — which could amount to as much as 15% of the firm — by using his shares as collateral, according to the people. January 04, 2023 / 01:15 PM IST Byju Raveendran, the founder of the world’s most valuable edtech startup Byju’s, is in […]

India’s Nexus Venture Partners is in advanced talks to raise a $ 700 million fund, the second-biggest such pool to be garnered in the country in the past year, to invest in domestic and U.S.-based technology firms, two sources with direct knowledge said. The planned fund raising, which one of the sources said will close […]

Representative image The government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two stressed entities of the Srei group as it submitted the “highest net present value bid of Rs 5,555 crore” among bidders, an official said on Wednesday. NARCL’s net present value bid, submitted in the 10-hour-long “challenge mechanism” conducted by […]

Satya Nadella (Image: Reuters) Microsoft Chairman and CEO Satya Nadella on Wednesday highlighted the importance of driving inclusivity and empowerment through technology and economic growth and asserted that the company is “very committed to India”. He was speaking at Microsoft’s Tech for Good and Education showcase, an event that highlighted the impact created by technology in […]

Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Dec. 14, 2022. The Federal Reserve downshifted its rapid pace of interest-rate hikes while signaling that borrowing costs, now the highest since 2007, will rise more than investors anticipate […]

PSUs may remain exempt from public shareholding rule even after privatization The central government has reserved the right to exempt public sector undertakings from the minimum public shareholding norm after a change in ownership, as it prepares to sell its stake in IDBI Bank. The new owner of IDBI Bank will be exempt from the […]

A dire global growth outlook and slowing growth will also bring about some moderation in the domestic economy. Global growth is expected to slow sharply in 2023 and as per an assessment, adjusted for base effects, growth will likely be as weak as it was in 2009 after the financial crisis, as the conflict in […]

The company’s previous highest exports was achieved in 2021 with 2,05,450 units. PTI January 03, 2023 / 11:41 AM IST Maruti Suzuki ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); // $ (‘.arw_green’).removeClass(“arw_green”).addClass(“arw_red”); //} if(resData[stkKey][‘percentchange’] >= 0){ $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); //$ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); $ (‘#gainlosstxt_’+articleId).find(“.arw_red”).removeClass(“arw_red”).addClass(“arw_green”); […]

Representative image Dialect-based, hyperlocal OTT platform STAGE has raised Rs 40 crore in funding led by Blume Ventures with participation from NB Ventures, Dholakia Ventures, TSM Ventures, WeFounderCircle, and others. Mumbai Angels, Tarmac Ventures, Tailwind Ventures, Longtail Ventures, Lets Ventures and AngelList also participated in the funding round. Existing investors who participated are Better Capital, […]

Satya Nadella, who is currently in India, addressed Microsoft Future Ready Leadership Summit in Mumbai on Tuesday. Satya Nadella (Image: Reuters) Microsoft Chairman and CEO Satya Nadella on Tuesday said there is a tremendous momentum in cloud adoption, as he termed cloud a “big game changer”. Nadella, who is currently in India, addressed Microsoft Future […]

Speaking to PTI, the company’s Group Director Piyush Jindal said, “We are investing Rs 100 crore from our own kitty. We are not raising any funds. The investment is planned for the next 3-4 years.” PTI January 03, 2023 / 01:15 PM IST Agrochemicals maker Safex Chemicals Ltd on Tuesday said it plans to invest […]

In a statement, the company said customers with 5G-enabled devices will experience high speed Airtel 5G Plus network at no extra cost until the rollout is more widespread. PTI January 03, 2023 / 01:26 PM IST Bharti Airtel ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ […]

State-owned Convergence Energy Services Ltd, a wholly-owned subsidiary of Energy Efficiency Services Ltd (EESL), on Tuesday said the prices discovered for the 6,465 electric bus tender were 29 per cent lower than what it costs to operate diesel buses. This unified tender constitutes demand for electric buses from six Indian states & UTs  Delhi, Telangana, […]

“The transaction does not involve any share acquisition. The asset purchase transaction will be carried out for cash consideration of USD 16.1 million , about Rs 132.4 crore,” the filing said. PTI January 03, 2023 / 02:20 PM IST Software-as-a-services company RateGain Travels on Tuesday said it will acquire the US-based consumer intelligence IT firm […]

This takes the offer price to 342.65 rupees per share, matching what Adani paid NDTV founders when they sold their stake to the conglomerate last week. Reuters January 03, 2023 / 12:35 PM IST NDTV ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ (‘#greentxt_’+articleId).removeClass(“greentxt”).addClass(“redtxt”); […]

A pre-election budget rally is par for the course in democracies Highlights A study of Nifty performance every January from 1997 onwards shows an average return of 2.42 percent during the month  Traders employ leverage of 10x to trade the Nifty, which means fortunes can be made or lost with a 2.42% return on […]

JS Auto Cast Foundry India has entered into a business transfer agreement with Indo Shell Mould Ltd for the purpose, Bharat Forge said in a statement. PTI January 03, 2023 / 07:30 AM IST Bharat Forge ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); //}else if(resData[stkKey][‘percentchange’] < 0){ // $ […]

The Scope for Mainstreaming Ayurveda Research in Teaching Professionals (SMART) programme was launched by the National Commission for Indian System of Medicine and the Central Council for Research in Ayurvedic Sciences, the two prominent institutions under the Ayush Ministry. PTI January 03, 2023 / 06:15 AM IST A special government initiative aimed to boost scientific […]

Tarun Garg, who was earlier Director (Sales, Marketing & Service) will oversee sales, marketing, service and product strategy in his new role, Hyundai Motor India Ltd (HMIL) said in a statement. PTI January 02, 2023 / 11:38 AM IST Hyundai (Source: Reuters) Hyundai Motor India Ltd on Monday announced senior management elevations, including that of […]