Business News - Page 23

Disney+ Hotstar to be shut, JioCinema to remain after RIL-Star India merger: Report

Disney+ Hotstar is Walt Disney-owned Star India's streaming service, while JioCinema is owned by Viacom 18.

'Will integrate India’s UPI with Malaysia’s PayNet': PM Modi on signing MoUs with Malaysia’s PM Anwar

During the joint press conference, Prime Minister Modi emphasised the untapped potential in the India-Malaysia relationship, particularly in the areas of emerging technologies

Gold bar price crosses $1 million mark for the first time ever! What's behind the rally?

This milestone, driven by strong demand from central banks and expectations of US Federal Reserve rate cuts, underscores gold’s growing appeal as a safe-haven asset amidst economic uncertainty

How Indian fintech startups are driving Malaysia’s UPI-like digital payments revolution

While the success of Indian fintech firms in digital payments is evident, there remains a substantial opportunity for growth in areas like insurance, credit management and short-term lending

Stocks to watch: Zomato, Vedanta, Power Grid, HCLTech, Tata Consumer, and Bajaj Auto shars in focus

Shares of Zomato may be in focus due to a potential sale of stake by Antfin Singapore. Vedanta's stock could react to its Rs 3,200 crore OFS for Hindustan Zinc. Power Grid is highlighted for acquiring a key transmission project SPV, while HCL may see movement with the appointment of a new CFO

US stock market: Wall Street extends gains on back of tech stocks, eyes on Jackson Hole, retail earnings

The Dow Jones Industrial Average added 236.77 points, or 0.58 per cent, closing at 40,896.53. The S&P 500 advanced 54 points, or 0.97 per cent, to 5,608.25, while the Nasdaq Composite surged 245.05 points, or 1.39 per cent, to 17,876.77

Home loan EMIs set to rise across India because of THIS decision by SBI

The SBI has announced a hike in its Marginal Cost of funds-based Lending Rate (MCLR) across all tenors. Other banks may soon mirror this move, leading to loan EMIs rising for existing and new borrowers alike

Stocks to watch: Hindustan Zinc, Larsen and Toubro, Tata Steel, Sun Pharma, and UltraTech

Shares of Hindustan Zinc are likely to remain abuzz due to a potential dividend announcement. Shares of Tata Steel, L&T, and Sun Pharma are expected to be in focus due to acquisitions. UltraTech cement, Ola Electric, and Swan Energy are also expected to be active

US stock market: Wall Street indices rally on strong retail data, Nasdaq soars over 2%

The Dow Jones Industrial Average climbed 554.67 points, or 1.39 per cent, to 40,563.06. The S&P 500 added 88.01 points, or 1.61 per cent, to 5,543.22, while the Nasdaq Composite advanced 401.90 points, or 2.34 per cent, to close at 17,594.50

From 'Viksit Bharat' to global investment, 20 things PM Modi said about Indian economy in I-Day speech

In his 98 minute long speech delivered from the ramparts of Red Fort on India's 78th Independence Day, Prime Minister Narendra Modi outlined the nation’s economic trajectory and aspirations. From making India world's third-largest economy, to developing the space sector, here are 20 key things he said

India has double the number of CEOs with Rs 50 cr+ pay than five years ago

As per a study by Deloitte, one out of every five (22 per cent) CEOs and MDs earned more than Rs 50 crore in the last fiscal year, compared with one out of every 10 (10 per cent) in FY19

Supreme Court says states entitled to collect past mining dues from 2005; Rs 2 trillion impact expected

The judgment, which is estimated to have a total financial impact of approximately Rs 2 trillion, could see public sector undertakings (PSUs) facing liabilities in the region of Rs 600 billion

Stocks to watch: Nykaa, SpiceJet, Vedanta, Hindustan Zinc, NBCC, and M&M shares in focus

Shares of SpiceJet, Vedanta, and Hindustan Zinc are likely to be in focus due to stake sales. NBCC and Mahindra and Mahindra stocks may stay abuzz due to their quarterly results. Nykaa's stock is expected to be active in light of its acquisition plans

US stock market: Wall Street indices rise s softer produce prices boost rate cut bets

The S&P 500 gained 90.04 points, or 1.68 per cent, closing at 5,434.43 points, while the Nasdaq Composite surged 407.00 points, or 2.43 per cent, to finish at 17,187.61. The Dow Jones Industrial Average rose 408.63 points, or 1.04 per cent, ending the session at 39,765.64

Independence Day special: How Indian economy has changed in Modi Decade

From the widespread implementation of Aadhaar and the Direct Benefit Transfers (DBT) to the growth in stock markets and the exponential rise of foreign exchange reserves, here's a look at what the past 10 odd years under the Modi government have been like

Reliance industries exceeds Rs 1 lakh crore in national contributions for sixth consecutive year

Reliance Industries Ltd has exceeded Rs 1 lakh crore in contributions to the national exchequer for the sixth year in a row, reaching Rs 1,86,440 crore in FY2023-24. The company remains a major player in India's capital asset formation and is set to make a significant impact on the global renewable energy sector

SBI likely to sell its $2.2 bn stake in Yes Bank by March 2025: Report

SBI currently holds about 24 per cent in Yes Bank while 11 other lenders, including ICICI Bank and HDFC Bank, who were also involved in Yes Bank's rescue, together hold 9.74 per cent

4 things to know about GST Council meet on September 9

The 54th meeting of the GST Council will be chaired by Union Finance Minister Nirmala Sitharaman and will be attended by representatives of all states and UTs

Chinese exporters have been hoarding dollars and that could become China's headache

When exporters hoard dollars, they reduce the amount of foreign currency being converted into yuan. This reduced demand for yuan puts downward pressure on the currency's value. The widespread hoarding of dollars undermines the Chinese government's efforts to stabilise the yuan and manage the economy

Stocks to watch: JSW Steel, IRFC, Kotak Mahindra Bank, NMDC, and Wipro shares in focus

Shares of JSW Steel are likely to be in focus due to an acquisition plan. IRFC and NMDC stocks may trend due to their quarterly earnings reports released recently. A top-level exit from Wipro may keep the tech giant's shares abuzz

US stock market: Wall Street sees mixed trading as investors await inflation data

The Dow Jones Industrial Average dropped 0.4 per cent to close at 39,357.01, while the broad-based S&P 500 remained flat, finishing at 5,344.39. Meanwhile, the tech-heavy Nasdaq Composite Index edged up 0.2 per cent to 16,780.61

Do you know how many Indian companies own British firms?

India's Bharti Enterprises said on Monday it would acquire a 24.5 per cent stake in BT (BT.L), worth 3.2 billion pounds ($4 billion), to buy out the British company's top investor Patrick Drahi

Foreign investors pull out a record $15 billion from China in a quarter

While foreign investors pulled out record $15 billion from China in second quarter, Chinese firms invest record $71 billion overseas during the same time

Stocks to watch: Adani Group shares, Grasim Industries, BDL, Jubilant Foodworks, ONGC, Zydus Lifesciences in focus

Hindenburg's report is likely to keep Adani Group stocks in focus. Grasim Industries shares may see activity due to an acquisition and quarterly results affecting investor sentiment. Shares of BDL, Jubilant Foodworks, and Zydus Lifesciences may remain abuzz due to quarterly results too

Stocks to watch: HCL Tech, Vedanta, LIC, Oil India, Eicher Motors, and Ola Electric shares in focus

HCLTech has announced plans to acquire a Paris-based company. Vedanta is facing a multi-crore fine for unauthorised fly ash dumping. LIC and Eicher Motors have released strong earnings reports. Meanwhile, Oil India has seen a sharp decline in quarterly profit. Ola Electric is expected to make a muted stock market debut

US stock market: Wall Street indices rally after sharper-than-expected drop in jobless claims

The Dow Jones Industrial Average rose 683.04 points, or 1.76 percent, to close at 39,446.49. The S&P 500 gained 119.81 points, or 2.30 percent, to 5,319.31. The tech-heavy Nasdaq Composite added 464.22 points, or 2.87 percent, ending at 16,660.02

RBI keeps repo rate unchanged at 6.5%, decision by 4:2 majority

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday (August 8) announced that the Central Bank's Monetary Policy Committee (MPC) has decided to keep the repo rate in India unchanged at 6.5 per cent

Stocks to watch: MTAR Tech, Sula Vineyards, Marico, Hindalco, and Godrej Cons shares in focus

MTAR Technologies shares are likely to be in focus due to a big offer received by the company. Sula Vineyards, Godrej Consumer, and Hindalco stocks are expected to be abuzz due to financial results. Marico made a key announcement regarding business in Bangladesh

US stock market: Wall Street indices slip after midday reversal; Disney, Nvidia shares drop

The S&P 500 ended the day down 0.77 per cent, at 5,199.50. The Dow Jones Industrial Average fell 0.60 per cent to 38,763.45. Meanwhile, the tech-rich Nasdaq Composite lost 1.05 per cent to 16,195.81

Stocks to watch: Tata Power, Suzlon, Lupin, Godrej Consumer, and real estate sector shares in focus

Tata Power and Suzlon Energy are likely to be in focus over acquisition plans. Lupin's big jump in quarterly net profit may keep the stock buzzing. Godrej Consumer is poised to release its quarterly results, while real estate stocks come under focus following amendments to LTCG tax regulations