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National / Bloomberg Quint

A 25-Year-Old BofA Trader Dies Suddenly At Industry Outing

A 25-year-old Bank of America Corp. credit trader died suddenly on Thursday night.

18 May 2024 11:24 pm
US Demands China To Come Out With Whereabouts Of Panchen Lama

According to a statement of the Central Tibetan Administration, the Tibetan government in exile in India, it was on May 14, 1995, that the Dalai Lama officially announced Gedhun Choekyi Nyima as the 11th Panchen Lama.

18 May 2024 11:12 pm
From Tokyo To New York, Stock Markets Are On A Record-Hitting Spree Around The World

From New York to London to Tokyo, if theres one similarity among the worlds equity markets its this: record highs.

18 May 2024 9:08 pm
Indias Biggest Junk Bond Sweetens Offer In Return For More Time

Goswami Infratech Pvt has sweetened an offer to bondholders as it seeks more time for a payment due in May, according to a letter from the company to the bonds trustee.

18 May 2024 9:08 pm
How Tiny Djibouti Said No To The US Over Houthi Red Sea Attacks

The East African country is host to Chinese, French and US naval bases but it has warned Washington not to use its territory to confront Houthi militants attacking global trade.

18 May 2024 9:08 pm
Patel Engineering Q4 Results: Net Profit Jumps 78%

It had posted a Rs 78.83 crore 'net profit from continuing operations' during the year-ago period, the company said in an exchange filing.

18 May 2024 8:47 pm
Anupam Rasayan Q4 Results: Net Profit Decline Over 44%

The total income fell to Rs 413 crore in the January-March quarter of 2023-24 compared to Rs 504.2 crore in the year-ago period, a regulatory filing said.

18 May 2024 8:47 pm
Campaigning Ends For 13 Seats In Final Phase Of LS Polls In Maharashtra; 264 Candidates In Fray

In this phase, which will also mark the conclusion of Lok Sabha polls in the state, 2.46 crore citizens are eligible to cast their ballots to decide the fate of 264 candidates.

18 May 2024 8:17 pm
Oil Tanker Hit By Missile Off Coast Of Yemen, AFP Reports

An oil tanker was hit by a missile off the coast of Yemen, Agence France-Presse reported.

18 May 2024 8:12 pm
Charting The Global Economy: US Inflation Eases; Rescue Package For China Property Crisis

A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials looking to start cutting interest rates this year.

18 May 2024 8:10 pm
Mumbai Lok Sabha Elections 2024: Date, Seats, Constituencies, Total Voters And More

The six constituencies in Mumbai and seven others in Maharashtra will go to polls in the fifth phase of general elections on May 20.

18 May 2024 7:57 pm
Joint Ownership Of Mutual Funds And The Need For Nomination

Here is a detailed look at how to effectively use nominations and joint holdings in mutual funds.

18 May 2024 7:29 pm
Book On Life And Times Of L&T Chairman Emeritus AM Naik Released

I have always considered myself fortunate to be in a position of service to nation, industry and society, while doing my bit to building a new tomorrow, Naik said in a statement.

18 May 2024 6:31 pm
India On Mission To Be World's Leading Critical Mineral Producer: Hindustan Zinc Chairperson

Speaking at Bank of America Securities Global Metals, Mining and Steel Conference 2024 in Miami recently, Hebbar said the mining and metals sector will play a crucial role in helping the world meet the net-zero goals

18 May 2024 6:30 pm
Emerging Currencies Lose Steam On Dampening Rate-Cut Bets

Emerging-market stocks and currencies headed for a fourth consecutive week of gains as investors weighed US rate cut prospects amid fresh efforts by developing nations to shore up their economies from China to Turkey.

18 May 2024 6:03 pm
Go Digit IPO: Allotment Date, Listing Date, Final Subscription Details & More

The offer received bids for 50.76 crore shares against 5.28 crore shares.

18 May 2024 4:59 pm
Narayanan Vaghul: Philanthropist First, Legendary Banker Second

On Saturday, Vaghul passed away in Chennai at the age of 88.

18 May 2024 4:34 pm
Indias Election Body Raises Turnout Figures, Despite Criticism

Indias Election Commission on Friday raised voter turnout figures for the latest phase of polling, even as the government body draws scrutiny from opposition figures and other groups.

18 May 2024 2:36 pm
ITC Earnings, G7 Meet, India Decides: The Week Ahead

Markets on Monday will remain closed on the back of the Election Day in Maharashtra.

18 May 2024 2:04 pm
N Vaghul, Veteran Behind ICICI Bank, Passes Away At 88

Vaghul had been on a ventilator in critical condition till earlier today.

18 May 2024 1:46 pm
Europes Aging Population Is a Money Magnet For Some Investors

Europes shrinking population has long raised concerns about its economic prospects. Governments are seriously worried about it. Elon Musk has raised alarm about the trend. But for some, its turning into big business.

18 May 2024 12:37 pm
Burberrys Endless Luxury Turnaround Is A Very British Problem

Just about every chief executive who has run Burberry Group Plc has characterized the maker of the pricey trench coats with checked linings as the best of British luxury.

18 May 2024 12:36 pm
OpenAI Dissolves High-Profile Safety Team After Chief Scientist Sutskevers Exit

Superalignment group will be folded into broader research efforts at the company. 

18 May 2024 12:35 pm
TikTok Parent Seeks To Fast-Track Suit Over US Divest-Or-Ban Law

China-based ByteDance Ltd. asked an appeals court to speed up its lawsuit challenging a US law that would force it to sell the TikTok video-sharing app or face a ban.

18 May 2024 12:34 pm
Beyond Tomorrow: From GPT-4o to GenZ & GenAI Weekly AI Roundup

Decluttering some of the Top AI developments this week, from OpenAI's new GPT-4o, to key takeaways from Google' annual I/O conference, to Deloitte's 2024 Gen Z and Millennial Survey.

18 May 2024 12:28 pm
Sundaram Home Finance Q4 Profit At Rs 57 Crore; Disbursements Breach Rs 5,000 Crore

Sundaram Home Finance, the wholly owned subsidiary of Sundaram Finance has reported a net profit of Rs 57 crore for the January-March 2024 quarter, the company said.

18 May 2024 12:26 pm
Nestle Shares Rise After Shareholders Reject Plan To Raise Royalty Fee

Nestle's stock rose as as 3% during the day to Rs 1,518.75 apiece on the NSE.

18 May 2024 12:03 pm
Mumbai's CSMI Airport Sees Steady Growth In Passenger Traffic In April

Mumbai's Chhatrapati Shivaji Maharaj International Airport saw 43.6 lakh passenger traffic in the month of April, a 9% year-on-year growth and 42% growth from April 2022.

18 May 2024 11:11 am
RVNL Jumps Nearly 5% After Profit Beat Estimates

RVNL's stock rose as much as 4.88% during the day to Rs 305 apiece on the NSE.

18 May 2024 10:52 am
The Indian Case For A 4-Day Week

In a country wedded to long work hours, two practitioners share their views on the 4-day week.

18 May 2024 10:17 am
Nifty 50 September Rejig: Trent, BEL To Replace LTIMindtree, Divi's Laboratories, Says Nuvama

Nuvama believes Trent and Bhartat Electronics are strong contenders for the inclusion in the Nifty 50 Index September rejig and will see inflow of USD 429 million and USD 361 million respectively.

18 May 2024 10:07 am
Zee Shares Surge On Upbeat Earnings

Zee's stock rose as much as 4.46% during the day to Rs 141.65 apiece on the NSE.

18 May 2024 9:53 am
Deadly Heat Covers Northern India as Election Enters Last Leg

Deadly heat is engulfing several northern Indian states, while the south is getting heavy pre-monsoon rains, posing health risks for hundreds of thousands of people participating in election rallies.

18 May 2024 9:22 am
ED Gets Man Arrested For Impersonating Former Lava MD At AIIMS

New Delhi, May 17 (PTI) The Delhi Police on Friday arrested a man at AIIMS for allegedly impersonating a former managing director of the Lava International mobile company, who is an accused in a ED money laundering case against Chinese smartphone-maker vivo-India and others, officials said.

18 May 2024 9:07 am
Apples 27% App Store Fee Trying to Comply With Law, Exec Says

Apple Inc.s attempts to justify the 27% fee it charges developers for purchases outside its App Store backfired as a skeptical federal judge questioned an executive about a company-commissioned study showing half that rate would be reasonable.

18 May 2024 9:05 am
US Company Becomes Worlds Most Valuable Solar Firm After Chinese Rivals Slip

A US company has become the worlds most valuable solar manufacturer for the first time since 2018, as Chinese rivals suffer from a profit-slashing price war and an onslaught of trade barriers erected by Washington.

18 May 2024 9:05 am
Oppenheimer At Rs 119, Barbie At Rs 149 Is Amazon Prime's Rental Play Working?

Aggregation helped Amazon create a unique offering in Prime Video, yet its movie rental service enjoys less fervour from subscribers.

18 May 2024 8:05 am
Biocon Set For Strong Growth: CEO Shreehas Tambe

Tambe attributed Biocon's success to a higher share in the US, Europe and emerging markets.

18 May 2024 8:05 am
18 May 2024 7:58 am
Stock Market Today: All You Need To Know Going Into Trade On May 18

The national bourses will remain open for trading on Saturday as part of its plans to conduct a special live trading session in a bid to switch over to a disaster recovery site.

18 May 2024 6:00 am
Data Patterns, Anupam Rasayan, Trident, Krsnaa Diagnostics Q4 Results Today Earnings Estimates

Here are the earnings estimates of major companies that are scheduled to announce their results on Saturday.

18 May 2024 5:00 am
Switzerland Invites India To Peace Summit On Ukraine Conflict Resolution

Swiss State Secretary of Foreign Affairs Alexandre Fasel invites India to participate in a summit aimed at resolving the conflict in Ukraine, expressing hope for India's significant contribution to the peace process.

17 May 2024 11:29 pm
India, UK Discuss Ongoing Cooperation, Reaffirm Commitment To FTA

India and UK reaffirm commitment to conclude a mutually beneficial free trade agreement at the annual UK-India Strategic Dialogue in London.

17 May 2024 11:28 pm
NHPC Q4 Result: Net Profit Declines 60%

NHPC Ltd's Q4 net profit declines 18% to Rs 610.93 crore due to a drop in revenues, with company's revenue from operations reducing to Rs 1,888.14 crore from Rs 2,028.77 crore in the January-March period of the 2022-23 fiscal.

17 May 2024 11:28 pm
NHRC Chairperson Stresses On Reservation's Role In Empowering Oppressed Classes

NHRC Chairperson emphasizes the importance of reservation in empowering oppressed classes, highlighting the need to extend its benefits to those who are still deprived of it.

17 May 2024 11:27 pm
Urban Company Expects UAE Operations To Turn Profitable Soon: Co-Founder

Urban Company's co-founder expects the UAE operations to turn profitable soon while Saudi Arabia and Singapore may take longer to achieve the same.

17 May 2024 11:27 pm
Copper And Gold Close In On Records As Metals Mayhem Continues

Copper vaulted toward a record in London and nickel spiked nearly 8%, capping a week of big moves in industrial and precious metals markets as bullish investors pile in and bearish bets unravel.

17 May 2024 11:12 pm
Climate Change To Intensify IndiaHeat Wave, Scientists Say

The intense heat likely to hit India over the next few days will be exacerbated by climate change, according to a research group.

17 May 2024 11:12 pm
Fed Says Powell Tested Positive For Covid-19, Working From Home

Federal Reserve Chair Jerome Powell tested positive for Covid-19 late Thursday, a Fed spokesperson said in a statement.

17 May 2024 11:12 pm
Chief Economic Adviser Emphasizes Need For Capital Market Reforms 2.0 To Support Growing Economy

Chief Economic Adviser V Anantha Nageswaran emphasizes the need for capital market reforms 2.0 to support India's growing economy, citing the upcoming entry into global bond indices as a crucial factor.

17 May 2024 11:04 pm