Reliance Industries Chairman and Managing Director Mukesh Ambani has completed two decades at the helm of Reliance Industries in 2022. The CMD took the reins of the company after the demise of his father and Reliance founder Dhirubhai Ambani on July 6, 2002. In his ongoing tenure of 20 years,Continue Reading
A special Central Bureau of Investigation (CBI) court on Wednesday extended the custody of former CEO and MD of ICICI Bank Chanda Kochhar, her husband Deepak Kochhar, and Videocon chairman Venugopal Dhoot in an alleged money laundering case, till December 29. The federal agency had sought two more days ofContinue Reading
Equity benchmarks declined in initial trade on Wednesday after rallying in the past two days amid mixed trends in global markets and foreign fund outflows. The 30-share BSE Sensex declined 213.66 points to 60,713.77. The broader NSE Nifty dipped 63.95 points to 18,068.35. From the Sensex pack, Infosys, Bajaj Finserv,Continue Reading
The rupee on Tuesday dipped 9 paise to 82.74 against the US Dollar in early trade. The domestic currency opened at 82.71 and then slipped further registering the fall over its previous close. The weakening is attributed to rising crude prices worrying investor’s sentiment along with foreign fund outflows furtherContinue Reading
With China’s massive construction sector still in a funk and the US and Europe likely heading into recessions, India has emerged as a saviour for flagging global steel demand. Poised to overtake China as the world’s most populous country next year, India is in the midst of a building boom.Continue Reading
Mother Dairy has decided to hike milk prices by ₹2 per litre in Delhi-NCR market with effect from Tuesday, citing rise in input costs. This is the fifth round of hike in milk prices this year by Mother Dairy, one of the leading milk suppliers in Delhi-NCR with volumes ofContinue Reading
Equity benchmarks ended with a jump of over 1 per cent on Monday after four days of losses amid a positive trend in global markets. The 30-share BSE benchmark rallied 721.13 points or 1.20 per cent to settle at 60,566.42. During the day, it jumped 988.49 points or 1.65 perContinue Reading
The world faces a recession in 2023 higher borrowing costs aimed at tackling inflation cause a number of economies to contract, according to the Centre for Economics and Business Research. The global economy surpassed $100 trillion for the first time in 2022 but will stall in 2023 as policy makersContinue Reading
The Reserve Bank of India (RBI) has mandated banks in the country to renew their locker agreements with existing locker customers by January 1. All the existing locker depositors are required to furnish proof of eligibility for a renewed locker arrangement. They are required to sign a renewal agreement beforeContinue Reading
The combined market valuation of the top 10 valued firms eroded by ₹1,68,552.42 crore last week, with Reliance Industries taking the biggest hit in an overall weak broader market. Last week, the Sensex tumbled 1,492.52 points or 2.43 per cent. Market sentiment remained weak amid surging COVID cases in ChinaContinue Reading