Singapore Airlines (SIA) will make an additional investment of Rs 3,194.5 crore in Tata Group-owned Air India following the merger of Vistara in November 2024. The merger, which was announced on November 29, 2022, and is expected to be finalised by November 11, 2024, will give Singapore Airlines a 25.1 percent stake in the expanded...
Mumbai: Former US president Donald Trump’s return to the White House fuelled a market rally in India on Wednesday, propelled by technology stocks, riding hopes that his pro-business stance will spur spending and growth in the world’s largest economy. Indian benchmark indices, which tracked global peers to rally by over 1% each amid trends pointing...
Reliance Industries, which is owned by Asia’s richest man Mukesh Ambani, is one of the most valued firms that has expanded in almost every sector. The multinational conglomerate’s businesses include natural gas, retail, energy, petrochemicals, entertainment, telecommunications, textiles, and mass media. However, the company witnessed a massive drop in its shares on Monday. Reliance’s share...
Amazon founder Jeff Bezos recently sold over $3 billion worth of Amazon shares, adding to a total of $13 billion in stock sales this year. A regulatory filing obtained by GeekWire reveals that this latest transaction involved more than 16 million shares. The timing aligns with Amazon’s stock price nearing $200 per share, a level it last achieved in July...
Sensex and Nifty opened higher today (August 16) tracking positive cues from global peers as US economic data eased recession fears. Buying was seen across all the sectors and the market capitalisation of all listed companies on BSE surged by ₹4.15 lakh crore to ₹448.44 lakh crore. Sensex was trading 824 points higher at 79,930 and Nifty50...
InterGlobe Aviation Ltd (IndiGo’s parent) on Friday recorded a net loss of Rs 986.7 crore in the second quarter of financial year 2024-25 (Q2 FY25) due to higher fuel costs and a peak number of groundings. The airline had posted a profit of Rs 188.9 crore in Q2 FY24. InterGlobe Aviation Ltd (IndiGo’s parent) on...
The rally in Indian mid-and smallcap indices thus far in calendar year 2024 (CY24) has been the best in class across the world, eclipsing the global FTSE benchmarks, and also out running peers from other leading world stock markets. This is despite the correction in the mid-and smallcap segments back home seen in the last...
Shares of Hyundai Motor India made a muted Dalal Street debut on Tuesday as the passenger vehicle maker was listed at Rs 1,931 on BSE, a discount of 1.48 per cent over its issue price of Rs 1,960. Similarly, the stock was listed with a discount of 1.33 per cent at Rs 1,934 on BSE...
Zomato co-founder and chief executive Deepinder Goyal has launched a new venture called Continue in his personal capacity, focused on health tracking and mental wellness. Incorporated in April this year under the name Upslope Advisors, the firm counts Deepinder Goyal—who is the majority stakeholder—and former Zomato and Blinkit executive Ashish Goel as directors. Goyal has...
Indian steel exports have been struggling due to overcapacity and weak domestic demand in China, prompting the world’s second-largest economy to flood the global market with ultra-cheap steel. In May 2024, Indian steel exports were recorded at 0.5 million tonnes (MT), nearly 25% lower than the previous month. According to BigMint, a market research firm,...