The European Union is investigating social media company X over suspected violations of the Digital Services Act (DSA) in its first probe under the law. “Today we open formal infringement proceedings against @X” under the Digital Services Act, European Commissioner Thierry Breton said Monday in a post on the platform formerly known as Twitter. “The...
Mumbai Police filed an FIR (first information report) against steel baron and managing director of JSW Group Sajjan Jindal On December 13 at a police station in the Bandra-Kurla Complex (BKC) area of Mumbai after a 30-year-old woman accused him of raping her. Mumbai Police has booked Sajjan Jindal under IPC 376 (rape), IPC 354...
Bulls ran wild in Dalal Street throughout this week, with benchmark indices hitting record high day after day. Nifty and Sensex gained over 2 percent this week, while Nifty Midcap 100 index and Nifty Smallcap 100 index was up 2.6 percent and 3.3 percent, respectively. Other than this, the top sectoral performer this week emerged...
India’s benchmark stock indices hit new record highs on Thursday, buoyed by a global market rally that extended to regional markets. The S&P BSE Sensex surged 1,000 points and Nifty 50 climbed above 21,200 intraday. The Sensex ended at 70,514.20, up 929.60 points, while the Nifty closed at 21,182.70, up 256.35 points. This surge followed...
IndiGo has become the sixth largest airline in terms of global market capitalisation with a valuation of $13.80 billion, surpassing United Airlines at $13.48 billion, after parent InterGlobe Aviation shares closed up 1.73 percent to Rs 2,982.50 on the BSE. Delta Air Lines leads the squad at $26.54 billion. The InterGlobe Aviation shares crossed Rs 3,000 for the first...
The company intends to divest its 10-acre campus in Gachibowli, Hyderabad, as well as a 14-acre campus in Siruseri, Chennai, in line with its cost-cutting restructuring plan to save $400 million over two years, including vacating 11 million square feet of office space, The Economic Times reported. Cognizant is re-evaluating its entire real estate portfolio...
Shares of airline SpiceJet Ltd rose over 7% to a fresh 52-week high after the airline said the company shall soon be listing its securities on National Stock Exchange of India. The move will help the airline to reach wider investor base, it said. Sentiment around the stock was also positive as the company’s board will meet...
Shares of Adani Total Gas Ltd snapped their sharp four-day upward run in Friday’s trade. The stock was last seen trading 1.73 per cent lower at Rs 1,139. At this price, the multibagger scrip has gained 109.78 per cent in the past one month. Out of which, 53 per cent of the spike came in last five...
The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing...
India is poised to become the next big travel market in the world, projected to hit the fifth rank in outbound travel with spends of $89 billion in 2027 as compared with the current 10th position with $38 billion in 2019. The projections are in a report by Bernstein that tries to identify the potential...