The combined market valuation of six of the top 10 most valued firms in India increased by ₹1,30,734.57 crore last week, reported news agency PTI. State Bank of India and ICICI Bank emerged as the biggest gainers in line with an overall positive trend in equities. Last week, the BSEContinue Reading
Tesla chief executive Elon Musk on Sunday arrived in Beijing, days after he deferred his scheduled visit to India. Tesla’s chief executive Elon Musk.(Reuters file) “At the invitation of the China Council for the Promotion of International Trade, Tesla (US) CEO Elon Musk arrived in Beijing this afternoon,” Chinese stateContinue Reading
Banks will be closed on nine days excluding the weekends in May. According to the Reserve Bank of India, there will be bank holidays due to voting for the ongoing Lok Sabha elections that began on April 19 and the second phase was held on April 26. Bank holidays inContinue Reading
The Dalal Street is set to witness at least three companies opening their initial public offerings (IPO) for subscriptions in the coming week. Sai Swami Metals and Alloys, Amkay Products and Storage Technologies, and Automation will open their IPOs for the subscriptions in the coming week. ALSO READ: Rubrik: Microsoft-backedContinue Reading
Yes Bank on Saturday reported its net profit at ₹452 crore for the quarter ending on March 31, Reuters reported. It was an increase from the net profit of ₹202 crore in the same period last year. The profit had exceeded analysts’ average forecast of ₹341 crore. The private lenderContinue Reading
New Delhi, India and Chinese Taipei have asked the WTO’s dispute settlement body not to adopt any ruling against New Delhi’s import duties on certain information and technology products till July 26 as both sides are engaged in resolving the matter, an official said. India, Chinese Taipei ask WTO bodyContinue Reading
MDH, a popular Indian spice brand, on Saturday rejected the allegations of its products containing a cancer-causing pesticide, saying that the claims are “baseless, untrue and lack any substantiating evidence”. The recalled MDH sambar masala was distributed in northern California retail stores, House Of Spices (India) said in a statement.(mdhspices.com)Continue Reading
ICICI Bank on Saturday reported its net profit at ₹10,707 crore in the fourth quarter ending on March 31, Reuters reported. It was a 17 percent increase in the net profit from ₹9,122 crore in the same period a year earlier. The result exceeded analysts’ average estimate of 10,305 croreContinue Reading
The Ahmedabad-based stainless steel product manufacturer Sai Swami Metals & Alloys is all set to launch its IPO on April 30, aiming to raise approximately ₹15 crore from the public. Sai Swami Metals & Alloys IPO is priced at ₹60 per share and consists of 25 lakh equity shares ofContinue Reading
Facebook co-founder Dustin Moskovitz, who is known for his attacks against Tesla, has now called the Elon Musk-led firm as the next Enron. In case you are not aware, energy giant Enron had filed for bankruptcy in 2001 after being caught using creative accounting to hide billions of dollars inContinue Reading