Category: Stocks

Source: Reuters Taiwanese electronics giant, Foxconn will establish a manufacturing facility in Telangana which will create employment generation potential for over 1,00,000 people. A release from the Chief Minister’s office said Hon Hai Technology Group (Foxconn) and the state government have signed an agreement at Pragati Bhavan where Foxconn Chairman, Young Liu called on Rao. […]

Despite SBI Card performing well with its loan book expanding and asset ratios getting better, investors have been lukewarm on the stock Representative Image Highlights SBI Card accounts for nearly a fifth of outstanding cards and spends in the industry It led the industry in new card additions on a net basis in January […]

Amrit Jaiswal, Vice-President at Kotak Mahindra Bank was duped into sending around Rs 4 lakh worth of gift vouchers to a scammer on March 1. Jaiswal was trapped by a convincing ‘spear phishing’ text sent using WhatsApp, according to a report in the Hindustan Times. Jaiswal, who works at the bank’s Bandra Kurla Complex office, […]

Bajaj Auto, one of India’s leading two-wheeler manufacturers, has launched the Chetak Premium 2023 Edition at a price of Rs 1.52 lakh (ex-showroom, Bengaluru). The latest iteration of the electric scooter features new colours, premium materials, and exquisite detailing, making it more appealing to the modern consumer. Bajaj Auto has also initiated bookings for the […]

Foxconn Apple Inc. partner Foxconn Technology Group plans to invest about $ 700 million on a new plant in India to ramp up local production, people familiar with the matter said, underscoring an accelerating shift of manufacturing away from China as Washington-Beijing tensions grow. The Taiwanese company, also known for its flagship unit Hon Hai Precision Industry […]

Rajiv Jain is co-founder of GQG Partners The co-founder of GQG Partners doesn’t have a Twitter account and rarely appears on TV. And in his growth stock funds, there are no driverless-car companies or hypersonic-missile manufacturers. Instead, you will find lots of industries with a decidedly 20th-century feel: oil, tobacco, banking. This formula has proven […]

To reach middle-income status through export-driven manufacturing growth, India will have to beat out many cut-throat competitors. (Representational image) India will soon have a $ 5 trillion economy, en route to $ 10 trillion by 2040. That trajectory puts India on track to surpass China in total GDP by mid-century. It will take a lot […]

Representative image. GQG Partners Inc’s Australian-listed shares fell by as much as 2.6% on Friday after the international investment firm pumped $ 1.87 billion into four companies under embattled Indian conglomerate Adani Group. The Florida-based firm bought 3.4% of Adani Enterprises Ltd for about $ 662 million, 4.1% of Adani Ports and Special Economic Zone […]

A scientist demonstrates a manual serial dilution process at the Driver Inc. laboratory in Shantou, China, on Wednesday, Aug. 29, 2018. A pair of Harvard-trained American oncologists behind the startup Driver, backed by Hong Kong billionaire Li Ka-shing, are attempting to harness technology to revamp cancer care. They’re taking some of their earliest steps in China […]

SBI, India’s largest bank, does not want to permanently retain a stake in Yes Bank and would want to trim its holdings, albeit in phases, one of the sources told Reuters on condition of anonymity. Reuters March 02, 2023 / 03:10 PM IST SBI ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // […]

Warren Buffett. (Image: Reuters) Few investors’ words are parsed more intently than Warren Buffett’s. But in this year’s annual shareholder letter, which dropped Saturday, the Oracle of Omaha didn’t give much away. It was one of his shortest ever and contained few fresh ideas. But he did offer one morsel: “Our satisfactory results,” he wrote, “have been the product of […]

Honda Cars India on March 2 launched two variants of its popular selling sedan – the new City (Petrol) and new City e:HEV – in the Indian market with sporty exterior styling, elegant interior enhancements and the introduction of new features for advanced safety, connectivity and convenience. Both models are BS-6 RDE compliant and are […]

Deal gives Axis access to super affluent clients of Citi as also the scope to cut cost and derive synergy benefits Axis expects the integration to complete in the coming 18 months and pegs Rs 1500 crore as the integration cost – a combination of Rs 1200 crore for using the transaction services from Citi […]

A two-member bench set aside an order passed by NCLT and said the Committee of Creditors (CoC) has the power to negotiate and call for a higher bid. PTI March 02, 2023 / 12:21 PM IST ‘); $ (‘#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){ // $ […]

For any start-up, the choice of business structure has to help in the growth and sustainability of the enterprise For any startup, the choice of business structure has to help in the growth and sustainability of the enterprise. Over the past few years, several Indian startups have flipped their corporate structure overseas. Some like Freshworks […]

The skyline of Central Business District in Singapore, on Monday, May 16, 2022. Singapore is scheduled to release its first-quarter gross domestic product (GDP) figures on May 19. Photographer: Ore Huiying/Bloomberg Singapore-based multi-family office Farro Capital says it has amassed more than $ 1 billion in assets under management just four months after it launched, highlighting the […]

A worker disassembles a de Havilland Canada Beaver aircraft at the Viking Air Ltd. manufacturing facility in Victoria, British Columbia, Canada, on Wednesday, Nov. 14, 2018. Closely held Longview Aviation Capital Corp., parent company to Viking Air Ltd., is poised to become North America’s largest maker of turboprop aircraft with its $ 300 million purchase […]

US-based Columbia Pacific Communities (CPC) and real-estate developer Embassy Group have announced the launch of Serene Amara, a senior living project in southern Bengaluru for a combined investment of Rs 165 crore. The project is spread across an area of 2.44 acres. It will house 239 apartments inside Embassy Spring township, which is approximately 288 acres. The 1 […]

Signage atop the Adani Group headquarters in Ahmedabad, India, on Wednesday, Feb. 1, 2023. Bonds of the Indian billionaire?s flagship firm plunged to distressed levels in US trading, and the company abruptly pulled a record domestic stock offering after the Adani group suffered a $ 92 billion market crash. Photographer: Dhiraj Singh/Bloomberg India’s Adani Group […]

Source: Twitter Automaker Kia India on Wednesday reported a 36 per cent year-on-year increase in domestic wholesales at 24,600 units in February. The company had sold 18,121 units in the year-ago period. “With continued support from our esteemed customers, Kia has recorded another successful sales run in the month of February,” Kia India National Head […]