Category: Business News

Maruti Suzuki India posts first quarterly loss since listing

BENGALURU – Maruti Suzuki India Ltd reported a quarterly loss for the first time since its listing in 2003, as the coronavirus lockdown and supply chain disruptions sapped demand for the country’s biggest automaker. The pandemic has taken a heavy toll on automakers globally as people choose to […]

Sensex, Nifty gain as HDFC Bank adds to earnings momentum; financials shine

BENGALURU – Indian shares climbed on Monday as HDFC Bank added to last week’s strong earnings releases from IT companies, countering the impact of the surge in domestic coronavirus cases past one million. By 0451 GMT, The NSE Nifty 50 index and the S&P BSE Sensex rose about […]

Abu Dhabi state fund in talks to invest $1 billion in Jio Platforms – sources

NEW DELHI – Abu Dhabi state fund Mubadala Investment Company is in talks to invest about $1 billion in Reliance Industries’ digital unit Jio platforms, three sources said on Thursday. Jio Platforms, which houses music and movie apps as well a Reliance’s telecoms venture Jio Infocomm, has secured […]

Sensex, Nifty turn choppy; RIL jumps on KKR deal

Mumbai, May 22: Equity benchmark Sensex pared opening losses to turn positive in early trade on Friday amid gains in index-heavyweights Reliance Industries, Infosys and SBI. After starting over 250 points lower, the 30-share index made a U-turn to rise over 70 points to 31,005.19. The index, turned choppy […]

KKR to invest $1.5 billion in Reliance Industries’ digital unit, its biggest deal in Asia

NEW DELHI – KKR & Co Inc will invest $1.5 billion in Reliance Industries’ Jio Platforms, its biggest investment in Asia to date and bringing the amount of new funds raised by the Indian digital company this month to a massive $10 billion. Jio Platforms, which houses movie, […]

Sensex rallies over 900 pts, Nifty reclaims 9,800 level

Mumbai, Apr 30: Equity benchmark Sensex soared over 900 points in opening trade on Thursday tracking heavy buying at ICICI Bank, Infosys, HDFC twins and Reliance Industries counters amid rally in global stocks. After hitting a high of 33,640.73, the 30-share index was trading 895.69 points or 2.74 per […]

Rupee rises 34 paise to 75.84 against US dollar in early trade

Mumbai, Apr 29: The rupee appreciated 34 paise to 75.84 against the US dollar in early trade on Wednesday tracking positive opening of domestic equities and weakness in the American dollar. Forex traders said positive start of domestic stocks supported the local unit. Besides, market sentiments improved as more […]

Amazon India to highlight local shops as online sellers

BENGALURU – Inc’s Indian arm will soon add small local shops as sellers on its platform as a way to provide them broader online exposure and offer consumers a greater selection of merchandise, the company said on Thursday. The launch coincides with a national lockdown as millions […]

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