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UltraTech board approves $472 mn deal to take control of India Cements

Manufacturing

29 July, 2024

UltraTech board approves $472 mn deal to take control of India Cements

UltraTech Cement, India's number one cement maker, said its board on Sunday approved a $472 million deal to gain control ......

Rupee ends at record low, logs fourth consecutive weekly decline

Markets

26 July, 2024

Rupee ends at record low, logs fourth consecutive weekly decline

The Indian rupee closed at an all-time low on Friday, pressured by strong dollar demand from local oil companies, likely related ......

Sensex, Nifty log best weekly winning streak since 2010

Markets

26 July, 2024

Sensex, Nifty log best weekly winning streak since 2010

Information technology stocks lifted Indian benchmark indexes on Friday as an improvement in economic growth in the U.S., a key market ......

Govt to push forward IDBI Bank stake sale after RBI approval

Finance

26 July, 2024

Govt to push forward IDBI Bank stake sale after RBI approval

India will press ahead with the delayed sale of a majority stake in IDBI Bank after central bank clearance, opening bids ......

SoftBank-backed Ola Electric suspends car project to focus on scooters, bikes

TMT

25 July, 2024

SoftBank-backed Ola Electric suspends car project to focus on scooters, bikes

India's IPO-bound Ola Electric has suspended its electric car launch plans as the Softbank-backed company wants to focus on its ......

Intraday stock traders jump 300% in four years, 70% make losses: SEBI

Markets

24 July, 2024

Intraday stock traders jump 300% in four years, 70% make losses: SEBI

The number of intraday traders in India's equity cash market jumped 300% between fiscal years 2019 and 2023, by when ......

Rupee slips to record low as equity sentiment sours after tax hike

Markets

24 July, 2024

Rupee slips to record low as equity sentiment sours after tax hike

The Indian rupee fell to an all-time low on Wednesday as likely outflows from local equities weighed on the currency, though ......

Budget 2024: Sensex, Nifty end see-saw session lower after tax hike on equity trading

Markets

23 July, 2024

Budget 2024: Sensex, Nifty end see-saw session lower after tax hike on equity trading

Indian shares ended a see-saw session lower on Tuesday, as the jump in consumer stocks on the budget promise of ......

Budget 2024: Govt lowers fiscal deficit target to 4.9% of GDP for FY25

Economy

23 July, 2024

Budget 2024: Govt lowers fiscal deficit target to 4.9% of GDP for FY25

The Indian government on Tuesday lowered its fiscal deficit target to 4.9% of GDP for the financial year ending March ......

CCI sends 100 antitrust queries for Reliance, Disney $8.5 bn merger

TMT

22 July, 2024

CCI sends 100 antitrust queries for Reliance, Disney $8.5 bn merger

India's antitrust body has asked Reliance Industries and Walt Disney around 100 questions linked to their $8.5 billion India media ......