BUSINESS
Hero Moto CEO says rural festive sales caught up with urban this year
CEO Niranjan Gupta added this was the second year in a row that the company clocked record festive sales, and rural demand has been reviving.
BUSINESS
Royal Enfield set to go electric with new launch on November 4, teaser reminds of a World War-era airdropped model
Royal Enfield's website says this new category of electric two-wheelers from Royal Enfield answers the call for "urban mobility offering a sophisticated, nimble and connected experience."
BUSINESS
Pakistan International Airline gets lone bid at nearly one-eighth of minimum price in privatisation process
Blue World Group had said that it plans to revive the airline by getting aircraft on lease, and seek financial support from Chinese and Turkish investors.
BUSINESS
Gold's global demand exceeded $100 billion for the first time in September quarter
The soaring demand is reflecting in the gold price as well, which has hit a fresh high of over $2,775 an ounce, rising by over 33% so far this year.
BUSINESS
Apple may tap India for early manufacturing work on an iPhone 17 base model: Report
This also assumes significance, as it will be the first time that Apple would be developing a new iPhone outside of China.
BUSINESS
China's rich list shrinks as economy battles challenges, AI adding new money at rapid pace, shows Hurun report
The traditionally dominant sectors that created wealth such as real estate has started to give way to tech, new energy, consumer electronics, e-commerce, consumer products and healthcare, the report showed.
BUSINESS
Maruti Suzuki saw double-digit festive sales growth but demand is a worry
Maruti Suzuki said it has been calibrating production to reduce dealer inventory, which had reached well over 30 days, and the measures will start showing results from the end of this month.
BUSINESS
HAL set to get supplies of GE's F-404 engines for Tejas LCA from March: CNBC-Awaaz
To meet the demand, HAL's new facility at Nashik is expected to help ramp up production capacity to 24 fighter jets annually, from current 16.
BUSINESS
Confident of 'very strong growth' in third and fourth quarter, says DEA Secretary Ajay Seth
Ajay Seth said the overall growth for the year should be in the order of 7%, as forecast by IMF as well as RBI.
BUSINESS
Growth here to stay as rural economy revives, but risks to inflation remain, says RBI Governor Shaktikanta Das
Shaktikanta Das said there is 'some narrative' that the festive season sales this year may have slowed down or that there was some unseasonal rain, however, these negatives are outweighed by positives.
BUSINESS
Chartists cautious after a four-week selloff even as index rebounds in trade
Last week's market selloff led to a wealth erosion of over Rs 20 lakh crore in BSE-listed shares. Chartists have adviced investors to be cautious and let the market settle down, especially in the broader segment.
BUSINESS
INOXGFL Group says another fund raise for GFL subsidiary GFCL EV 'very soon'
The promoters have diluted 4% stake in GFCL EV with this Rs 1,000 crore fund raise, which values the EV battery business at Rs 25,000 crore.
BUSINESS
CLSA's Laurence Balanco sees another 5% cut on Nifty by November
Balanco's reading of the chart suggests that Nifty 50 may test the 200-DMA in the next month. This level also happens to be the lower end of the uptrend channel traced from the 2023 lows.
BUSINESS
Rajiv Bajaj assures robust festive sales, says 'buying the stock' after recent correction
Bajaj played down the stock price reaction after the results, saying the selloff was due to a 'some what temporary understanding' of how the festive sales were being captured.
BUSINESS
'India's level of ingenuity is infectious', says Mastercard's global CEO Michael Miebach
Mastercard's Global Michael Miebach CEO sees opportunities in access to credit, commercial payments in India.
BUSINESS
Early to assess full impact of new F&O rules on trading volumes, says BSE MD and CEO
Even though the weekly expiry of Sensex contracts have higher volumes than that of Bankex, Sensex has its 'inherent strength' as a barometer, BSE MD and CEO S Ramamurthy said.
BUSINESS
Sterling and Wilson hits 5% upper circuit for a second day on order inflow growth, revenue guidance
The company has guided for FY25 revenue to be Rs 8,000 crore, of which Rs 2,000 crore has been achieved has in the first half. The management said it is confident of meeting the remaining Rs 6,000 crore target for the financial year.
BUSINESS
Coastal Shipping Bill may get Cabinet's nod today, SCI, GE Shipping shares surge
Shares of Shipping Corporation and GE Shipping were sharply higher after the news report, which could pave the way for measures to improve traffic at major ports, it is leant.
BUSINESS
How TD Bank - Canada's second largest lender - failed to check money laundering in America
Canada's major lender had failed to check on illicit financing, and had even allowed transfer of drug proceeds to Coloumbia.
BUSINESS
BSE rises 65% in a month to nudge near Rs 5,000 level, riding on potential tailwind from weekly expiry
Some market participants said weekly contracts discontinued by NSE could see some trading volume shift to BSE, a factor acting as a sentimental boost for the share price.
BUSINESS
TPG, Blackstone planning joint bid for contact lens supplier Bausch + Lomb, says FT
One Bloomberg estimate projected the sale to value Bausch + Lomb at over $13 billion, making the deal potentially one of the largest PE buyouts of 2024.
BUSINESS
China a 'short term trade', say experts as weekend 'stimulus' disappoints EM investors
China has been facing serious challenge on domestic front, with demand slacking as consumers refrain from spending more, and unemployment remains high, especially for entry level jobs.
BUSINESS
Elon Musk reveals Tesla's upcoming Robotaxi and a Robovan concept in push for automation
Musk also unveiled a futuristic concept called Robovan, which could transport 20 people at a time, in a potential pivot to become a robotics manufacturer.
BUSINESS
Ratan Tata was once open to making Tata Nano together with Rajiv Bajaj
What Ratan Tata was able to achieve with the JLR acquisition and Tata Steel's global ambitions inspired him and many others, said Rajiv Bajaj.
