Category: Business News

Sensex rallies over 400 pts to fresh intra-day record; Nifty tops 14,450

Mumbai:  Equity benchmark Sensex surged over 400 points in early trade on Monday to top the 49,000 mark for the first time, tracking gains in IT stocks amid largely positive trend in global equities and massive FPI inflow. After touching a record intra-day high of 49,260.21, the 30-share […]

India retail king Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute

NEW DELHI – India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal. Future and Amazon are at loggerheads over the Indian group’s […]

Sensex rallies over 300 pts in early trade; Nifty tops 14,200

Mumbai:  Equity benchmark Sensex surged over 300 points in early trade on Friday, helped by gains mainly in index majors Infosys, TCS and HDFC Bank amid positive trend in global equities. The 30-share BSE index was trading 328.75 points or 0.68 per cent higher at 48,422.07. Likewise, the […]

Audi launches new version of A4 in India; Price starts at Rs 42.34 lakh

New Delhi: German luxury car maker Audi on Tuesday launched the new version of its popular sedan A4 in India with prices starting at Rs 42.34 lakh (ex-showroom). The new fifth generation Audi A4 has a new design and is equipped with a 2.0-litre petrol engine that generates 190 […]

Indian automakers fear container shortage to hit parts supply, output

NEW DELHI – Automakers in India are bracing for a parts shortage and possible production losses over the next three to four months due to a global shortage of available shipping containers, said a trade body in the world’s fifth biggest auto market. Shipping freight rates have surged […]

Sensex rises over 250 pts to record peak in early trade; Nifty above 13,550

Mumbai, Dec 14:  Equity benchmark Sensex jumped over 250 points in early trade on Monday tracking gains in index majors ICICI Bank, HDFC and L&T amid persistent foreign fund inflows and largely positive trend in global markets. After touching its record intra-day high of 46,373.34 in the opening […]

Analysis: Battle of the billionaires: Bezos, Ambani gun for India retail supremacy

MUMBAI/NEW DELHI – Jeff Bezos and Mukesh Ambani, two of the world’s richest men, face a turning point in a battle for preeminence in India’s booming, nearly trillion-dollar retail market. The outcome of a legal dispute which has embroiled the billionaires’ Amazon.com and Reliance Industries Ltd empires – […]

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 […]

Sensex, Nifty record strongest quarter in 11 years

BENGALURU – Indian shares ended lower on the last day of its best quarter since 2009, led by losses in energy stocks, and ahead of Prime Minister Narendra Modi’s address to the nation. The Nifty settled down 0.1% at 10,302.1 on Tuesday, while the benchmark Sensex slipped 0.13% […]

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