Moneycontrol News

Moneycontrol News

articles by Moneycontrol News

Business

UTI Asset Management shares surge after reports of Tata Groups set to buy 45% stake in company

The stock hit a high of Rs 876.55 — a level last seen on April 27 — and gained 16.9 per cent intraday

Business

DFM Foods' shares hit 20% upper circuit after proposal to delist from stock exchanges

Private equity firm Advent International, which holds a majority stake in DFM Foods via its subsidiary AI Global Investments, on 15 August announced the proposal to delist the snack maker from the bourses

Business

Reliance Industries reports 46.3% year-on-year rise in consolidated net profit for quarter ended June

The strength in the company's June quarter performance came from the refining and petrochemical division which posted its highest ever quarterly revenue aided by a tight global energy market

Business

FY22: Centre lowers GDP growth estimate to 8.7% as growth slides to 4.1% in Q4

Growth likely slowed down in the first quarter of the calendar year 2022 because of the hit to activity from the Omicron variant-led third COVID-19 wave and the Russia-Ukraine war

Business

Moneycontrol beats The Economic Times, becomes No 1 financial news platform in India

Moneycontrol beat The Economic Times (ET) in all traffic parameters, according to the ComScore Multiplatform (India) February 2022 report

Business

How Rakesh Jhunjhunwala built his new whopping 70,000 square feet 13-floor home in Mumbai

Each floor is well marked out in the building. While the fourth floor houses the banquet hall wherein the family can host large gatherings, the eighth floor has amenities like a gym and massage, the tenth floor has guest bedrooms and the 11th floor is for Jhunjhunwala's children

Business

India becomes fifth most valued stock market, beats UK, Canada and Saudi Arabia

Currently, the US is the world's biggest market valued at $47.32 trillion followed by China ($11.52 trillion), Japan ($6 trillion) and Hong Kong ($5.55 trillion).

India

Ukraine-Russia crisis may hit commodities beyond just oil and gas, says ex-RBI guv Raghuram Rajan

Rajan believes the escalating tensions between Russia and Ukraine have the potential to affect not just oil and natural gas but essential commodities like wheat

Business

Transition from old to green and clean energy is urgent, our survival depends on it, says Mukesh Ambani

The Reliance Industries chairman and managing director said that the country would make the transition from fossil fuels to green and clean energy and become a major resource of solar and hydrogen energy in the coming decades

Business

Reliance Industries doubles down on media business; ready to take on Amazon, Netflix, Hotstar

The company is also planning to raise funds upwards of Rs 12,000 crore from financial investors, according to industry sources, to beef up the media business

Business

Budget 2022: FM may seek to balance growth and consolidation beyond COVID, feels Radhika Rao of DBS Group Research

DBS Research Group’s Radhika Rao feels that above-target revenue and strong nominal GDP are expected to help absorb the increase in spending, keeping FY22 deficit at -6.8 percent of GDP

Business

Satya Nadella dumps 50% of Microsoft shares in multiple tranches ahead of capital gains tax change

The Microsoft CEO offloaded about 840,000 shares for over $285 million, according to a filing with the US Securities and Exchange Commission.

Business

Supreme Court defers hearing in Amazon-Future group case to 8 December over 'bulky documents'

The dispute between the two firms dates back to 2019 when the American retailer had made an investment in one of the Future group firms – Future Coupons Pvt Ltd

Business

Nykaa's parent company FSN E-Commerce Ventures makes stellar debut, stock lists at Rs 2,018 with 79% premium

The share opened at Rs 2,001 on the BSE, while the listing price on the National Stock Exchange was Rs 2,018

News & Analysis

'Version of digital transformation': Sundar Pichai on JioPhone Next launch

The JioPhone Next — billed as the world's most affordable smartphone and expected for a Diwali launch — is jointly developed by Reliance Jio and Google

India

Thirty months after launch, Moneycontrol Pro hits new milestone of 400,000 subscribers

We were able to achieve this feat due to the unwavering support and encouragement of our readers and subscribers

Business

RIL invests in Germany's Nexwafe, gets access to proprietary low-cost tech for PV-cell production

RIL intends to leverage NexWafe’s technology to set up giga-scale wafer manufacturing facilities in India, to serve the domestic and the global markets. Reliance and NexWafe have entered into an India Strategic Partnership Agreement for joint development and commercialisation at scale of high-efficiency, monocrystalline “green solar wafers”.

India

Punjab, Haryana farmers have begun burning crop stubble, show NASA satellite images

Stubble burning is a major contributor to air pollution in northern India, many cities in which are ranked among the world’s most polluted

Tech

JioPhone Next to be launched in time Diwali, delayed due do chip crisis and 'advanced testing'

Jio and Google said the companies have made 'considerable progress' towards launching the smartphone

Entertainment

Richa Chadha makes for a cool cop in new Voot Select thriller Candy

Voot Select has hit upon an interesting show that retains the dramatic tension for the most part of the eight episodes.