Saudi Arabia is reportedly interested in buying a stake in the Indian Premier League. Crown Prince Mohammed bin Salman’s advisers have reportedly discussed the possibility of moving IPL into a holding company, valued as much as $30 billion. According to Bloomberg, if this passes through, Saudi Arabia could take a significant, multibillion-dollar stake. The report...
New Delhi: Reliance Industries Ltd. (RIL) is set to open the Jio World Plaza (JWP) on 1 November in Mumbai, marking a fresh hotspot for upscale shopping. This new mall will showcase luxury labels including Balenciaga, Tory Burch, YSL, and Versace, catering to India’s expanding affluent consumer base. Situated in the prime Bandra Kurla Complex...
The initial public offering (IPO) of Honsa Consumer, the parent company of Mamaearth, saw a dull response from the investors during the first few hours of the bidding process on the day one. The issue, which kicked-off for bidding on Tuesday, October 31, mostly drew retail and employee investors for the bidding. Honansa Consumer is...
After Ola CEO Bhavish Aggarwal supported Infosys co-founder Narayana Murthy’s idea that youngsters must work for at least 70 hours a week, industrialist Sajjan Jindal on Friday said he wholeheartedly endorsed Murthy’s statement. He said a five-day week culture is not what a rapidly developing country like India needs right now, where Prime Minister Narendra...
Mukesh Ambani-promoted Reliance Industries Limited (RIL) on Friday reported a 27.4 per cent year-on-year (Y-o-Y) rise in its consolidated net profit for the September quarter (Q2FY24). While revenue growth of the company was flattish Y-o-Y, the profit rose on the back of operational improvement across most segments, especially higher profits in the O2C (oil-to-chemicals) and...
Domestic equity benchmarks Sensex and Nifty gave up initial gains and settled lower by one per cent on Thursday, September 28, tracking volatility on the monthly F&O expiry and dragged by weak global cues. A massive sell-off in information technology (IT) stocks and select heavyweights including Reliance Industries, ITC, and Infosys also dented market sentiments....
It was a sea of red at Dalal Street which was primarily clouded by lingering concerns about corporate India’s earnings which as of date was uninspiring and, most importantly, they could come under heavy pressure from inflation, an economic downturn, and soaring interest rates. The negative takeaway was that the bear remained in total control...
Parag Desai, the owner of Wagh Bakri, died at 49 on Sunday, the company said in a statement. According to media reports, he was getting treatment in a hospital after an attack by street dogs. Desai, who also held the post of Executive Director of Wagh Bakri Tea Group, suffered a brain haemorrhage after being bitten by...
Monday mayhem in markets: The benchmark crashed over 850 points in late afternoon trade on Monday, down 1.30% and giving up its 65,000 level. The broader market index Nifty 50 was also down over 1.40% at levels close to 19,265, having slipped over 250 points. The blood bath on the was largely driven by the...
Benchmark indices reversed previous day’s gains as the Sensex fell 407.40 points or 1.18 percent to 34,005.76 and the Nifty declined 121.90 points or 1.15 percent to 10,455. About 1,424 shares advanced against 1,336 declining shares on the BSE. Nifty Midcap index outperformed equity benchmarks, rising 0.3 percent. There is strong co-relation between India and global markets, he feels. “We...