As the Indian Premier League (IPL) playoffs commence, bars, pubs, and cafes are capitalizing on the surge in fan interest. The ongoing heatwave is driving cricket enthusiasts to seek air-conditioned comfort in these establishments rather than enduring the sweltering stadiums. Businesses are offering live screenings, stadium-like atmospheres, sports menus, cocktails, and team merchandise. Despite alcohol-free dry days during elections in Mumbai and Delhi-Gurgaon, establishments expect strong turn

Kiran Mazumdar-Shaw of Biocon aims to consolidate, accelerate biosimilar business, and reduce debt after Viatris acquisition in FY25. Revenue grew by 32% to 14,756 crore, with biosimilar business contributing 59%. Expectations include market share gains and new launches in US, Europe, and emerging markets.

Voice actors Paul Skye Lehrman and Linnea Sage are suing AI startup Lovo for allegedly using their voices without permission to create a chatbot named Poe. The couple, who rely on their voice work for a living, discovered the bot sounded exactly like them. They claim Lovo violated trademark and privacy laws by using their voice recordings without disclosure. The lawsuit, seeking class-action status, highlights a growing concern among artists and creators about AI technologies potentially replaci

The development comes weeks after Tesla chief Elon Musk cancelled his much-hyped visit to India in April. Tesla is yet to communicate its India plans to the government under the new EV policy, the official said. Musk, who was scheduled to visit India April 21-22, postponed his visit at the last moment, citing very heavy Tesla obligations.

Samsonite, Safari, and VIP Industries faced growth declines in India. Samsonite's business fell 10%, Safari's growth slid to 21%, and VIP Industries saw sales taper to 14%. China regained Samsonite's top market position post travel restrictions. Neetu Kashiramka discussed industry growth, and the shift towards hard luggage was highlighted in a RedSeer report.

It (resolution plan) shall be binding on the corporate debtor (Metalysts Forgings), its employees, members, and creditors, including the central government, any state government or any local authority to whom a debt in respect of the payment of dues arising under any law for the time being in force is due, guarantors and other stakeholders involved in the resolution plan, the division bench of justice VG Bisht and technical member Prabhat Kumar said in its May 14 order.

Despite a Delhi High Court stay, the Institute of Chartered Accountants of India (ICAI) has published orders penalizing two PwC affiliate partners. PwC had obtained a stay against ICAI's disciplinary action, challenging fines and membership removal. The institute's move to upload the order on its website has sparked a legal battle. This follows a similar dispute with EY affiliates. The Big Four firms are contesting ICAI's disciplinary actions, demanding an appellate tribunal be established first

Delhi recorded a peak power demand of 6,834 MW, with TPDDL meeting 2,035 MW in north Delhi. The discoms prepared for the estimated 8,000 MW peak demand with agreements and contingency plans.

ICICI Prudential Mutual Fund manages 253 mutual fund schemes.

The Nifty IT index closed 0.85 per cent down at 33381.85.

The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.

ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.

Private banks had the highest weightage of around 17.2%. It was the top sectoral holding for mutual funds in April 2024.

SBI savings account plus: 7 things to know

Around 42 mutual funds were sitting on Rs 1.36 lakh crore cash in April, according to data by ACE MF.

Top 10 midcap stocks bought by mutual funds in April

The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of Rs 997.4.

A total of 500 shares changed hands on the counter till 01:28PM (IST).

A total of 4,814 shares changed hands on the counter till 12:42PM (IST)

Among major shares in Tokyo, chip-making equipment manufacturer Tokyo Electron was down 1.98 percent at 36,090 yen and Nikon was off 1.12 percent to 1,667.5 yen.

An Air India flight bound for Delhi collided with a tug truck while taxiing at Pune Airport. The collision caused damage to the aircraft's nose and a tire near the landing gear. All 180 passengers were safe. Passengers were deplaned and rebooked as emergency protocols were promptly activated. The Directorate General of Civil Aviation (DGCA) launched an inquiry to determine the cause of the accident.

JK Cement Ltd. key Products/Revenue Segments include Cement and Other Operating Revenue for the year ending 31-Mar-2023.

Ashok Leyland Ltd., incorporated in the year 1948, is a Large Cap company (having a market cap of Rs 60679.20 Crore) operating in Auto sector.

Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 7075.51 Crore) operating in Logistics sector.

The BSE Sensex edged 93 points or 0.13% lower to 73,565. Meanwhile, the Nifty50 traded at 22,381, down 22 points or 0.1% around 9:21 am.

Religare has asked the court to direct Sebi to conduct a forensic audit to unearth the facts behind the grievances raised by it and to submit to the court a detailed report on the actions taken by the capital markets regulator.

India has been on top of the charts of remittances from its diaspora. In 2022-23 it crossed the $100billion mark to $112 billion and a record $29 billion in the December quarter alone. But will the uptrend continue? An explainer on what drives inward remittances.

Mutual funds buy and sell securities to actively manage their portfolios.

On the call side, there are notable OI concentrations at the 22,500 and 22,900 levels, suggesting these as resistance levels to watch, with the 22,900 level approaching all-time highs.

Here are the top 10 stock holdings of Nippon India Mutual Fund

Artemis Medicare Services has raised Rs 330 crore from IFC to increase bed capacity and introduce advanced specialty services. The company plans to set up cardiac care centers, expand in tier 2 and 3 cities, and in the Delhi NCR region through brownfield and greenfield opportunities. Artemis operates 713 beds in the Delhi NCR region and runs seven centres under the Artemis Cardiac Care brand in a joint venture with Philips.

Study in The Lancet magazine reveals that healthcare privatization globally lowers quality of care and worsens patient outcomes. Based on extensive research across high-income nations, it highlights the negative impact of converting public hospitals to private entities and outsourcing services. Concerns raised amid Supreme Court scrutiny over healthcare cost discrepancies

Four advantages of using a prepaid card

The benchmark equity indices tossed between ups and downs throughout the day and finally settled in the green. US rate -sensitive IT stocks contributed majorly to the fag-end rally as all 10 constituents advanced, adding between 1% and 4.2%. Investors gained Rs 3.1 lakh crore on Thursday.

The fund house had assets under management of Rs 77,358 crore as on April 2024. The fund house manages 27 mutual fund schemes.

Five midcap stocks from Nifty200 index managed to hit fresh 52-week highs on Thursday, despite the subdued market sentiment.

Axis Bank has introduced the ARISE ComeAsYouAre talent acquisition programme to recruit individuals from the LGBTQIA+ community across India for careers in banking. The initiative focuses on skills-based hiring, offering equal opportunities to fresh graduates and professionals up to 5 years of experience. The bank emphasizes diversity, equity, and inclusion, aiming to foster innovation and leverage talent diversity. This follows Axis Bank's previous efforts to support the LGBTQIA+ community, inc

Parag Parikh Flexicap Fund added 3.90 lakh shares of ITC to its portfolio in April. The shares increased from 7.31 lakh crore in March to 7.35 lakh crore in April. The fund house added 4.80 lakh shares of ICICI Bank, with a combined market value of Rs 3.36 lakh crore.

Apollo Tyres' shares rose by 7% to Rs 508 in Thursday's trading session on the BSE, despite the company posting modest financial results for the March quarter of FY24. Although the firm reported a 13.7% year-on-year (YoY) decrease in net profit, amounting to Rs 354 crore compared to Rs 410.3 crore in the same quarter last year, brokerage firms maintained a largely optimistic outlook on the stock.

A total of 35,123 shares changed hands on the counter till 11:41AM (IST).

The stock quoted a 52-week high price of Rs 448.95 and a 52-week low of Rs 207.85.

SBI Mutual Fund purchased Vodafone Idea, GMR Airports, NMDC, JSPL, Sundaram Fasteners, Ashoka Buildcon, VIP Industries, IEX, Kajaria Ceramics, and Indian Bank stocks in April. Top stocks bought across AMCs were Nirlon, Kotak Mahindra Bank, HDFC Bank, ICICI Bank, Bharti Airtel, and ITC.