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Samajwadi Party announces support to AAP over Central ordinance

INDIA

Samajwadi Party announces support to AAP over Central ordinance

Kejriwal was accompanied by Punjab Chief Minister Bhagwant Mann at the meeting.

Karnataka govt to receive socio-economic caste survey report: CM Siddaramaiah

INDIA

Karnataka govt to receive socio-economic caste survey report: CM Siddaramaiah

He said various communities will be given provisions based on the survey data.

CoinDCX appoints Vijay Ayyar as VP to oversee global expansion plans

BUSINESS

CoinDCX appoints Vijay Ayyar as VP to oversee global expansion plans

Ayyar will be leading the operations, strategy, growth and execution for CoinDCX to establish its international presence. Based in Singapore, he comes with over 17 years of experience in crypto, big tech and consulting.

MC Selects Podcast: Your on-the-go daily news wrap

BUSINESS

MC Selects Podcast: Your on-the-go daily news wrap

Moneycontrol presents a specially-curated podcast to track the day's biggest stories. Don't miss MC Selects on Moneycontrol for your daily dose of business news and top headlines, every weekday evening.

SpiceJet launches Hajj operations with special flights from five cities

BUSINESS

SpiceJet launches Hajj operations with special flights from five cities

SpiceJet will operate these special flights to Jeddah between 7th June and 22nd June, 2023. Return flights from Medina are also scheduled from 17th July to 2nd August, 2023.

Cybersecurity start-up CloudSEK hit by DDoS attack

BUSINESS

Cybersecurity start-up CloudSEK hit by DDoS attack

Last year, CloudSEK faced another cyber attack, where an employee's Jira password was compromised to get access to the company's confluence pages

Allcargo Logistics arm Transindia Real Estate to sell logistics parks to Blackstone; stock up 3%

BUSINESS

Allcargo Logistics arm Transindia Real Estate to sell logistics parks to Blackstone; stock up 3%

The company said that the logistics park in Jhajjar will be sold at an enterprise value of approximately Rs 625 crore

ISRO partners with Tata Elxsi to strengthen capabilities for Gaganyaan Mission

INDIA

ISRO partners with Tata Elxsi to strengthen capabilities for Gaganyaan Mission

The Gaganyaan project by ISRO aims to showcase the ability for human space travel by launching a crew into a 400-kilometre orbit for a three-day mission and safely returning them to Earth by landing in the Indian sea waters

Growth pangs to continue for specialty chemicals, says Nuvama Institutional Equities

BUSINESS

Growth pangs to continue for specialty chemicals, says Nuvama Institutional Equities

Weakening demand, softening raw material prices and inventory liquidation are hurting India's specialty chemical players

Man Infra hits 52-week high as subsidiary announces residential project in Mumbai

BUSINESS

Man Infra hits 52-week high as subsidiary announces residential project in Mumbai

This project, which will come up in Ghatkopar East, has the potential to generate revenue of Rs 1,200 crore in the next four years, Man Infra has said

Brightcom locked in upper circuit for second day in a row

BUSINESS

Brightcom locked in upper circuit for second day in a row

Brightcom shares saw a surge in retail interest back in 2021, when the stock skyrocketed from Rs 3 to Rs 117

Samsung to focus on foldables for Galaxy Unpacked in July

TRENDS

Samsung to focus on foldables for Galaxy Unpacked in July

This will mark the first time that the event will take place in Seoul, South Korea, Samsung's hometown.

Market Live : Nifty ends above 18,700 mark; all sectoral indices ended in green | Bajar Gupshup

BUSINESS

Market Live : Nifty ends above 18,700 mark; all sectoral indices ended in green | Bajar Gupshup

Benchmark indices ended on strong note on June 7 with Nifty above 18,700 led by buying across the sectors. Biggest gainers on the Nifty were Britannia Industries, Tata Consumer Products, BPCL, Nestle India and HDFC Life, while losers were Cipla, Kotak Mahindra Bank, Bajaj Finance, M&M and Maruti Suzuki. Catch Yatin Mota live on Moneycontrol.

Tumbling international prices worsen outlook for chemical stocks

BUSINESS

Tumbling international prices worsen outlook for chemical stocks

A further fall in price spells bad news for the industry already facing a demand slowdown. A rush of Chinese chemicals in the international market due to low domestic demand, a subdued Europe and declining crude prices are exert pressure on prices

Rupee closes marginally higher against US dollar

BUSINESS

Rupee closes marginally higher against US dollar

The Indian rupee on June 7 ended marginally higher against the US dollar tracking gains in the Asian peers and local equity markets.

Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA

BUSINESS

Bank bond issuance may fall to Rs 90,000 crore in FY24, says ICRA

Outstanding Tier-I bonds are expected to increase slightly to Rs 1.3 lakh crore by March 2024 from Rs 1.2 lakh in March 2023, ICRA said in a report

Cabinet approves Rs 89,047 crore third revival package for BSNL

BUSINESS

Cabinet approves Rs 89,047 crore third revival package for BSNL

Briefing the press on the decisions, Union Minister Piyush Goyal said that BSNL has 4G coverage in many areas of the country and is close to covering almost the entire country.

Market Live: Nifty Crosses 18,700 For 1st Time In 2023; Tata Consumer In Focus | Closing Bell

MARKETS

Market Live: Nifty Crosses 18,700 For 1st Time In 2023; Tata Consumer In Focus | Closing Bell

Sensex and Nifty advanced on Wednesday, led by consumer stocks, ahead of the Reserve Bank of India's monetary policy decision and on hopes of an interest rate pause by other major central banks. All the 13 major sectoral indexes logged gains, with high weightage financials and information technology rising 0.3% and 0.4%, respectively. IT stocks slid in the previous session as fears of a global economic slowdown ratcheted. A sharp cut in the revenue guidance of U.S. software firm EPAM citing cautious client spending added to the concerns. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including Tata Consumer, Torrent Power, among others only on closing bell.

Cyclone Biparjoy rapidly intensifies into severe cyclonic storm: See Pics

WEATHER

Cyclone Biparjoy rapidly intensifies into severe cyclonic storm: See Pics

Cyclone 'Biparjoy' is the first storm brewing in the Arabian Sea this year. Local local authorities have issued warnings to fishermen from venturing into the deep sea in view of severe cyclonic storm 'Biparjoy' over the Arabian Sea.

Rural market still not out of the woods. When will HUL hit Rs 3,000?

BUSINESS

Rural market still not out of the woods. When will HUL hit Rs 3,000?

While urban markets continue to drive premiumisation, rural India is reeling under inflationary pressures, Nomura has said in a report.

HealthifyMe raises $30 million in pre-series D round via convertible notes

BUSINESS

HealthifyMe raises $30 million in pre-series D round via convertible notes

In July 2021, the startup raised $75 million in a series C round led by US-based LeapFrog and healthtech-focused venture capital firm Khosla Ventures

Cabinet okays plan to increase Gurugram metro connectivity

BUSINESS

Cabinet okays plan to increase Gurugram metro connectivity

Union Minister Piyush Goyal said the Haryana metro connectivity project to cost Rs 5,453 crore and will be completed in four years

SaaS firm Lentra bags $27 million led by MUFG Bank and Dharana Capital

BUSINESS

SaaS firm Lentra bags $27 million led by MUFG Bank and Dharana Capital

Founded in 2019, by D Venkatesh and Ankur Handa, Lentra is a Cloud-native platform designed and developed to help financial institutions.

WTC Final: India opt to bowl against Australia

BUSINESS

WTC Final: India opt to bowl against Australia

The Rahul Dravid-coached side went in with a four-pronged pace attack and preferred Ravindra Jadeja over seasoned off-spinner Ravichandran Ashwin.