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Cipla clocks 45% YoY profit growth in Q2 FY24
Cipla declared its Q2 FY24 financial results today, showcasing a net profit of Rs. 1,155.37 crore, a whopping 44.9% growth compared to Rs. 797.41 crore in Q2 FY23.
Jio's 5G rollout fastest in the world, says Akash Ambani
Akash Ambani, the Chairman of Reliance Jio Infocomm, declared that Jio has accomplished the world's fastest 5G technology deployment, setting up a 5G cell every 10 seconds.
Bajaj Finserv's Q2 net profit rises 24% to Rs. 1,929cr
Bajaj Finserv's net profit jumped 24% in Q2 FY24, reaching Rs. 1,929 crore, up from Rs. 1,557 crore in Q2 FY23.
Boeing's defense unit faces $1.7 billion loss in 2023
Boeing's defense division is grappling to bounce back, as supplier mistakes and soaring production expenses have led to a $1.7 billion loss this year.
India to host World Telecommunication Standardisation Assembly in 2024
India will host the prestigious World Telecommunication Standardisation Assembly (WTSA) in 2024.
India will lead in 6G technology, says PM Modi
Prime Minister Narendra Modi announced India's intention to become a global leader in 6G technology, during the 7th annual India Mobile Congress.
Shareholders approve: Ambani scions to soon become RIL's non-executive directors
Reliance Industries' shareholders have given the green light for Isha Ambani, Akash Ambani, and Anant Ambani to become non-executive directors of the company.
OneWeb's satellite communication service to connect India from next month
OneWeb satellite communication service is ready to connect all regions of India starting next month, Sunil Mittal, Chairman of Bharti Airtel, announced on Friday.
Reliance partners with SBI to launch co-branded credit cards
Reliance is gearing up to join the rapidly expanding co-branded credit card sector in India.
JioSpaceFiber, India's first satellite-based gigabit broadband service launched
Reliance Jio Infocomm Limited has launched JioSpaceFiber, India's first-ever satellite-based gigabit broadband service, at the India Mobile Congress.
Centre to bring new rules to limit online betting ads
The Indian government is planning to address the overwhelming flood of online betting ads by introducing new rules in the Information Technology Regulations.
Cryptocurrency prices: Here are rates of Bitcoin, Ethereum, Dogecoin, Tether
Bitcoin has lost 1.78% in the last 24 hours, trading at $34,056.96. It is up 16.24% from last week.
Ford postpones $12bn in EV investments due to weak demand
Ford is postponing around $12 billion in scheduled investments for electric vehicles (EVs), including the development of a second battery factory in Kentucky, due to declining demand for premium EVs.
Adani Group to raise $4bn to fund green hydrogen plans
Billionaire Gautam Adani's Adani Group is seeking to secure up to $4 billion in funding to establish manufacturing facilities for affordable green hydrogen.
Ola Electric raises Rs. 3,200cr to build Lithium-ion cell facility
EV maker Ola Electric has revealed that it has closed a funding round worth Rs. 3,200 crore (about $380 million).
Sensex loses over 900 points, Nifty settles above 18,850 mark
On Thursday, the benchmark Sensex and Nifty indices witnessed a fall. The Sensex plunged 1.41% to end at 63,148.15 points, while the Nifty fell 1.41% to settle at 18,852.20 points.
Asian Paints posts Rs. 1,232cr net profit in Q2 FY24
Asian Paints has disclosed its Q2 FY24 financial results, revealing a consolidated net profit of Rs. 1,232.39 crore.
PNB reports a 327% rise in Q2 net profit
Punjab National Bank (PNB) has revealed a remarkable 327% surge in net profit for the second quarter of the fiscal year, amounting to Rs. 1,756 crore.
Canara Bank's Q2 net profit climbs 43% to Rs. 3,606cr
Canara Bank posted a net profit of Rs. 3,606 crore in the second quarter of FY24, reflecting a 43% surge compared to the same timeframe last year.
Nifty 50 faces largest monthly drop since September 2022
In October, the Nifty 50 index saw a significant drop, with a 3.70% decrease in value, making it the largest monthly decline since September 2022.
Cryptocurrency prices: Here are today's rates of Bitcoin, Ethereum, Solana
Bitcoin has climbed 1.57% in the past 24 hours to trade at $34,705.01. Compared to last week, it is 22.60% up.
UAW and Ford reach agreement to end labor strike
The United Auto Workers (UAW) union and Ford have come to a tentative agreement, putting an end to the nearly six-week strike.
Shell to cut its low-carbon solutions workforce by 15%
Shell will reduce its low-carbon solutions workforce by approximately 15% and downsize its hydrogen operations as part of CEO Wael Sawan's plan to increase profits.
Domino's India operator's Q2 profit drops nearly 40%
Domino's Indian operator, Jubilant FoodWorks, reported a 39.45% year-on-year (YoY) decline in Q2 FY24 profits, as operating profits dipped to Rs. 72.15 crore from Rs. 119.17 in the corresponding quarter.
Barclays to lay off dozens of US consumer banking staff
Barclays plans to lay off dozens of employees within its US consumer banking sector as part of a worldwide initiative to reduce expenses, as per Reuters.
Diwali IPO rush: Multiple companies gearing up for public listings
As the festive season of Diwali nears, numerous businesses are gearing up to launch initial public offerings (IPOs) during this period.
Tech Mahindra's revenue and profit decline for second straight quarter
Tech Mahindra Ltd. experienced a revenue and profit decline for the second quarter in a row, underscoring the slowdown in India's $245-billion IT services sector.
Axis Bank Q2 profit jumps 10% YoY to Rs. 5,863cr
Axis Bank, a leading private sector financial institution, announced a net profit of Rs. 5,863 crore for the second quarter of FY24, reflecting a 10% growth from Rs. 5,330 crore year-on-year (YoY).
Chinese real estate company Country Garden defaults on dollar bond
For the first time ever, Chinese developer Country Garden Holdings has defaulted on a US dollar bond, emphasizing its struggles amid a wider property debt crisis impacting China's economy.
#StockMarketCrash: Investors lose Rs. 15 lakh crore in 5 days
The Nifty 50 and Sensex ended the day in the red for the fifth consecutive session on Wednesday.
Adani Group's auditor EY under NFRA scanner: Here's why
The National Financial Reporting Authority (NFRA) has launched an investigation into S.R. Batliboi, an EY member firm in India and a long-standing auditor for the Adani Group.
Sensex slips over 520 points, Nifty ends above 19,120 mark
On Wednesday, the benchmark Sensex and Nifty indices were on a downward trend. While the Sensex plunged 0.81% to 64,049.06 points, the Nifty fell 0.83% to end at 19,122.15 points.
Why sugar prices have climbed 40% in a year
Sugar prices have skyrocketed nearly 40% this year, reaching a 12-year high, as tight supplies persist in India and worldwide.
Mamaearth IPO to open on October 31
Honasa Consumer Private Limited, the company behind well-known brands such as Mamaearth, The Derma Co, and BBlunt, has announced that its initial public offering (IPO) will commence on October 31.
Online gaming companies served tax notices worth Rs. 1L crore
Online gaming companies have been slapped with show-cause notices amounting to Rs. 1 lakh crore by GST authorities over alleged tax evasion, reported Reuters, citing a high-ranking government official.
BSE share is 200% up in 2023: What's driving rally
The Indian stock market faced a harsh setback on Monday when benchmark indices dropped sharply after US treasury yields crossed above the 5% mark.
Cryptocurrency prices today: Check rates of Bitcoin, Ethereum, BNB, XRP
Bitcoin has slipped 1.06% in the past 24 hours to trade at $34,076.31. It is 19.50% higher than the week before.
Cello World fixes IPO price at Rs. 617-648 per share
Cello World Ltd, a leading manufacturer of household items and stationery, has established a share price range of Rs. 617-648 for its Rs. 1,900-crore initial public offering (IPO), as per industry insiders.
India to surpass Japan as world's third-largest economy by 2030
India is on track to surpass Japan as the world's third-largest economy by 2030 with a GDP of $7.3 trillion, reports S&P Global Market Intelligence.
World's largest sovereign wealth fund posts $34bn loss in Q3
The world's largest sovereign wealth fund, Norway's $1.4 trillion Government Pension Fund Global, has reported a loss of 374 billion Norwegian kroner (around $34 billion) in Q3 2023.