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National / Bloomberg Quint

No Word On Irans Raisi After His Helicopter Has Hard Landing

A helicopter carrying Iranian President Ebrahim Raisi had a hard landing during a visit to the countrys northwest on Sunday, state TV reported.

19 May 2024 9:57 pm
Byju's Advisory Panel Of Rajnish Kumar, Mohandas Pai To Be Disbanded

Byju's woes over the past 18 months have been well documented, with at least five insolvency petitions against it in the NCLT.

19 May 2024 8:45 pm
PM Modi Exclusive: Here Are Top 10 Key Takeaways From The Interview

From infrastructure to federalism and entrepreneurship, here's what the prime minister spoke about.

19 May 2024 8:14 pm
Elon Musk Launches Starlink In Indonesia

Elon Musk arrived in Indonesia Sunday to launch SpaceXs Starlink internet services as the worlds largest archipelago seeks to boost connectivity to its most remote areas.

19 May 2024 4:25 pm
Veteran Banker Narayanan Vaghul Cremated In Chennai, Industry Doyens Pay Last Respects

Veteran banker and Padma Bhushan recipient Narayanan Vaghul, who died in the city on May 18, was cremated here on Sunday, family sources said.

19 May 2024 4:10 pm
ITC Chairman Sanjiv Puri Takes Charge As CII President

New Delhi, May 19 (PTI) Sanjiv Puri, Chairman and Managing Director of ITC, has assumed office as the president of the Confederation of Indian Industry for 2024-25, the chamber said on Sunday.

19 May 2024 4:01 pm
Nifty In Charts: Stay Away Or Stay Long

Sit back and allow matters to unfold into some clarity. Or, play bold, be long or go long.

19 May 2024 3:32 pm
Tata Motors To Invest Rs 43,000 Crore In FY25 For New Products And Technologies

Tata Motors group has raised its investment outlay for FY25 to Rs 43,000 crore for new products and technologies, with its British arm Jaguar Land Rover absorbing the maximum share, according to a senior company official.

19 May 2024 1:51 pm
Indian Authorities Seize $1.1 Billion in Cash, Drugs In Election

Indian authorities have so far seized 88.9 billion rupees ($1.1 billion) worth of illicit money, drugs and other goods in its crackdown on illegal vote inducements in Indias six-week election, the countrys Election Commission said Saturday.

19 May 2024 1:43 pm
India Lowers T-Bill Sales After Tepid Response To Debt Buybacks

India plans to lower short-term borrowings in the current quarter after the recent bond buybacks saw limited interest from the market.

19 May 2024 1:39 pm
Brookfield Plans To Invest$500 Million In Leap Green

Brookfield Asset Management Ltd. is planning to invest about $500 million for a majority stake in Indian renewable power firm Leap Green Energy Ltd., according to people familiar with the matter.

19 May 2024 1:37 pm
Lamborghini CEO Sees Fully Electric Supercars A Ways Off

Stephan Winkelmann says the Volkswagen-owned brand remains open to use e-fuels to cut emissions.

19 May 2024 1:31 pm
IPO Watch: Two New Issues, Eight Listings To Hit Street This Week

Eight companies will debut on the stock exchanges with Go Digit General Insurance being the only debutant in the mainboard space.

19 May 2024 1:12 pm
PM Modi Spells His 4S Growth MantraSays Indian Bureaucracy Mindset Is Global Now

In a freewheeling chat with NDTVs editor-in-chief, Sanjay Pugalia, Modi, said that the way to be globally competitive lay in adhering to four Ss.

19 May 2024 11:37 am
PM Modi Expects Historical Victory Buoyed By People's Trust

People's trust in the government is why the government will secure a record-setting victory, Modi said

19 May 2024 10:51 am
China Sells Record Sum of US Debt Amid Signs of Diversification

China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nations move to diversify away from American assets as trade tensions persist.

19 May 2024 10:34 am
Rising Steel Imports From China A Concern, Says JSW Steel CEO

JSW Steel CEO Jayant Acharya said that soon, the price of the domestically produced steel will be in line with the imported ones.

19 May 2024 10:29 am
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