The Indian stock market on Monday hit its lifetime high as IT stocks continued to rally till markets closed. With better than expected results of HCL Technologies and Wipro on Friday, Sensex crossed the 73,300 point mark for the first time. The NSE Nifty 50 index added 0.93% to 22,097.45 points, while the S&P BSE...
State-owned Oil and Natural Gas Corporation (ONGC) has made two significant back-to-back natural gas discoveries in a Mahanadi basin deepwater block in the Bay of Bengal as its calculated game plan of venturing into high-risk deep water exploration starts yielding results. The firm made the discoveries in the block MN-DWHP-2018/1, which it had won in...
India’s blue-chip indexes, Nifty and Sensex hit fresh all-time highs today, led by gains in IT services firms after their results and commentary exceeded expectations, alleviating concerns about weak demand. The NSE Nifty 50 added 1.22 per cent to 21,911 points, while the S&P BSE Sensex climbed 1.31 per cent to 72,661, as of 12.36...
Elon Musk’s SpaceX isn’t in violation of workplace rules on alcohol and drugs that could jeopardize the rocket launch and satellite service provider’s government contracts as far as NASA is aware, according to the space agency. “The agency does not have evidence of non-compliance from SpaceX on how the company addresses the drug- and alcohol-free workforce regulations,”...
The Income Tax department has detected “unaccounted cash sales” of about Rs 1,000 crore after it recently raided the Polycab group, a prominent wires, cables and electrical items manufacturer, the CBDT and official sources said on Wednesday. Unaccounted cash of more than Rs 4 crore was seized and more than 25 bank lockers were put on restraint...
One97 Communications that owns Paytm announced on Wednesday that it will invest Rs 100 crore in Gujarat International Finance Tec-City (GIFT City) to build a global financial ecosystem. This announcement came ahead of the Vibrant Gujarat Global Summit 2024, scheduled to be inaugurated by Prime Minister Narendra Modi on January 10. The company said that it would...
The Tata Group’s hospitality arm, Indian Hotels Company (IHCL), has signed two Taj-branded resorts on the islands of Suheli and Kadmat in Lakshadweep, India’s smallest union territory. The resorts, which are expected to open in 2026, will be developed with a focus on sustainability and conservation of the island’s fragile eco-system. IHCL, which is India’s...
Tamil Nadu announced on Sunday that it has signed investment agreements exceeding $4.39 billion with companies including Tata Electronics and Pegatron, both suppliers to Apple, as well as automobile giant Hyundai Motors. With Apple eyeing India as its next major growth engine, the tech behemoth is planning to shift some of its production from China....
Indian benchmark equity indices closed higher on Thursday after a two-session drop on Thursday, led by financials on strong business updates and energy stocks on investment plans. Realty extended gains on robust sales volumes. The BSE Sensex advanced 491 points or 0.69% to settle at 71,847. The broaderNSE Nifty surged 141 points or 0.66% to...
Adani group shares including the flagship Adani Enterprises Ltd, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Ports & Special Economic Zone Ltd (Adani Ports, Adani Wilmar Ltd and Adani Power Ltd climbed up to 10 per cent in Wednesday’s trade ahead of the Supreme Court’s verdict on the Adani-Hindenburg Research case at 10.30 am today....