The Times of India |
Popis: TOI brings you the latest and breaking business news and top updates from the world of business, finance and forex market in India and world, daily stock markets' news and news of the economy.
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Magicbricks’ site visit tool for buyers, realtors21:22 Magicbricks launched a "site visit product" to simplify property visits for buyers and boost sales for developers. The product offers personalized project recommendations and logistical support, addressing challenges faced by both parties. In its initial phase, the program facilitated over 16,000 site visits across 350+ projects in India, resulting in over 1,000 bookings. Musk’s Starlink yet to comply with security norms: Scindia21:22 Elon Musk's Starlink is yet to receive a license for satellite communication services in India as it hasn't complied with security norms. Telecom Minister Jyotiraditya Scindia stated that Starlink is completing the requirements and will be granted a license once done. Currently, only Bharti Group-backed OneWeb and Jio Satellite Communications have received licenses but await spectrum allocation t… 500 Swiggy staffers to turn crorepatis21:22 Around 500 Swiggy employees are set to become crorepatis as the food delivery platform prepares for its stock market debut. The IPO is expected to create an Rs 8,690-crore windfall through ESOPs, benefiting 5,000 current and former employees. This move follows similar successful ESOP buyback schemes by companies like Flipkart and Freshworks. MTNL defaults on Rs 5,726 crore loans21:22 India Business News: NEW DELHI: Loss-making state-owned telecom firm MTNL has defaulted on a total payment of Rs 5,726 crore, comprising a principal amount of Rs 5,492 cro. Some states want to list power utilities: Minister21:22 NEW DELHI: Union power minister Manohar Lal on Tuesday said certain states have proposed to list power utilities to raise funds, as a Rs 42 lakh crore. Sebi demand notice in RHFL case21:22 India Business News: NEW DELHI: Sebi asked two entities to pay Rs 52 crore in penalties for failing to clear fines imposed in the case of illegal diversion of funds from R. Bitcoin nears record $90,00021:22 International Business News: Bitcoin’s record-breaking rally took the asset close to $90,000 for the first time and lifted the overall value of the crypto market above its pandemi. Sebi eases FPI registration process21:22 India Business News: NEW DELHI: To facilitate ease of onboarding of foreign portfolio investors and reduce duplication of available information, Sebi has said applicants c. Tata Chemicals arm to put 655 crore in UK facility21:22 India Business News: Tata Chemicals said its wholly-owned subsidiary Tata Chemicals Europe is planning an investment of 60 million euro (Rs 655 crore) to build a 1,80,000 . Hyundai Q2 profit dips 16% to Rs 1,375 crore21:22 NEW DELHI: Hyundai Motor India reported a 16% year-on-year decline in consolidated profit after tax to Rs 1,375 crore for the Sept quarter, hit by low. Retail inflation surges to a 14-month high of 6.2% in October20:50 India's retail inflation surged to a 14-month high in October, driven by soaring food prices, exceeding the central bank's target and diminishing hopes of an interest rate cut. However, industrial output rebounded in September, fueled by growth in the manufacturing sector. May ease tariffs if domestic companies not hurt: Finance minister20:50 India's Finance Minister, Nirmala Sitharaman, hinted at the possibility of reducing certain import tariffs to support domestic industries reliant on imported materials. While acknowledging the concerns of global organizations like the IMF and World Bank regarding India's tariff rates, Sitharaman emphasized the government's commitment to safeguarding domestic production. At Rs 85,5oo crore, PSU banks log highest ever half-year profit20:50 Indian public sector banks witnessed a surge in profitability during the September quarter, posting a combined net profit of Rs 45,545 crore, marking a 35.4% year-on-year increase. This impressive performance was largely attributed to improved asset quality and robust credit growth. ‘Chasing dubious deals can boost IBC recovery’20:50 Creditors of bankrupt companies in India could recover 10% more by challenging avoidance transactions, according to the Insolvency and Bankruptcy Board of India. These transactions, totaling Rs 3.8 lakh crore, are deals made by promoters to divert funds before bankruptcy. As of September, tribunals have ordered the recovery of Rs 7,516 crore through this process. Sensex slips below 79,000, a 3-month low, on foreign selling20:50 The Sensex plummeted by 821 points, closing below the 79,000 mark due to widespread selling triggered by disappointing corporate earnings and foreign fund outflows. Banking stocks bore the brunt of the sell-off, while IT stocks showed resilience. The market decline eroded investor wealth by Rs 4.5 lakh crore. |