The BSE benchmark Sensex hit its fresh all-time high level in early trade on Friday amid heavy buying in IT stocks and a rally in global markets. The BSE Sensex climbed 119.38 points to reach a record peak of 85,955.50 in early trade. The NSE Nifty went up 34.5 points to 26,250.55. From the 30...
Hyundai Motor India has secured approval from the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), according to two insiders familiar with the matter, Reuters reported. The South Korean automaker is expected to raise $3 billion, with a company valuation of approximately $20 billion, sources previously told Reuters. This would...
The Securities and Exchange Board of India has fined Jai Anmol Ambani, son of industrialist Anil Ambani, ₹1 crore for failing to exercise due diligence while approving general purpose corporate loans (GPCLs) in the Reliance Home Finance case. It also imposed a fine of ₹15 lakh on Krishnan Gopalakrishnan, the former chief risk officer of Reliance Home Finance, for...
JSW MG Motor India today announced the full price list of the recently launched MG Windsor in the domestic market. The Windsor EV is priced at Rs. 9.99 lakh (ex-showroom) excluding the battery rental as under the BaaS program, customers will have to pay Rs. 3.5 per km. With everything considered, MG has priced the...
The country is on track to becoming the third-largest economy by 2030-31, driven by a projected annual growth rate of 6.7 percent this fiscal, according to a S&P Global report. The report, which was released on September 19, also said that with 8.2 percent growth rate in FY2024, continued reforms are crucial to improving business...
Sensex and Nifty opened higher on Thursday after the US Federal Reserve announced a 50 basis points (bps) rate cut. Sensex climbed 575 pts to 83,521 and Nifty rose 163 points to 25,540 in early deals. The indices also hit their record highs of 83,563 and 25,559 today.
Industrialist Gautam Adani-led Adani Group on Monday said it has not issued any press releases linked to its operations in Kenya, rejecting the “fraudulent” press releases that have been circulating. The company blamed “vested interests with malicious intent” for the incident, noting that a viral press release titled ‘Adani Group denounces baseless accusations and threats’...
India has said Iran’s supreme leader Ayatollah Ali Khamenei’s comments on Indian Muslims are “unacceptable”. Posting on X on the birth anniversary of Prophet Mohammed, the Iranian leader had clubbed Indian Muslims with those in Gaza, talking about their sufferings. “We strongly deplore the comments made regarding minorities in India by the Supreme Leader of...
Inc., the American investment firm, is expected to bid nearly ₹40,000 crore for a 51 per cent stake in the iconic Indian snack brand Haldiram’s, Moneycontrol reported on Monday, July 29, quoting people aware of the matter. The investment firm has increased its offer for the stake sale at Haldiram’s, which is a move for Blackstone to...
Reliance Jio- the telecom unit of Reliance Industries Ltd- could be headed for a major initial public offering (IPO) in 2025. The potential valuation of the listing could be more than ₹9.3 lakh crore, Jefferies said in a note. Jio ‘could list at $112 billion valuation’ and add ‘7-15 percent upside’ to the Reliance Industries share...