Tim Cook confirms plans to open four new Apple stores in India
California/IBNS: Apple CEO Tim Cook has announced plans to open four additional Apple Stores in India, following record-breaking quarterly revenue for the third quarter of 2024.
Finance
Saudi Arabia: Piyush Goyal participates in FII, highlights critical role of international partnerships and economic diplomacy
Union Minister of Commerce and Industry Piyush Goyal successfully concluded his visit to Saudi Arabia during which he participated in the Plenary Session of the 8th Edition of Future Investment Initiative (FII).
PM Economic Advisory Council chairman Bibek Debroy passes away at 69
New Delhi/IBNS: Bibek Debroy, the chairman of the Economic Advisory Council to the Prime Minister, has passed away at the age of 69, media reports said.
India shines in gold purchases, outpaces China by 51% in 3 months
New Delhi/IBNS: Indians bought a substantial 248.3 tonnes of gold between July and September 2024, which is 51 percent more than the 165 tonnes purchased in China during the same period, according to the World Gold Council’s latest data.
PepsiCo franchisee Varun Beverages to tap markets for Rs 7,500 cr QIP in November: Report
Mumbai/IBNS: Billionaire Ravi Jaipuria's Varun Beverages Limited, PepsiCo's largest bottling partner in India, plans to raise up to Rs 7,500 crore through a Qualified Institutional Placement (QIP) to attract funds from institutional investors, Moneycontrol reported on Thursday (Oct. 31), citing its sources.
HDFC Bank's NBFC arm HDB Financial Services files papers for Rs 12,500 crore IPO
Mumbai/IBNS: HDFC Bank announced on Thursday (Oct. 31) that its non-banking financial arm HDB Financial Services filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a potential IPO of up to Rs 12,500 crore (approximately $1.49 billion).
Swiggy IPO gets bids worth more than $15 billion from Norges, Fidelity, other big investors: Report
Bengaluru/IBNS: Major investors, including Norway’s sovereign wealth fund Norges and Fidelity, have placed bids exceeding $15 billion for Swiggy’s IPO, which is set to be launched next week, Reuters reported, citing its sources on Thursday (Oct. 31).
Aditya Birla Capital Q2 FY25 net profit rises 42% YoY to Rs 1,001 cr driven by strong lending and insurance growth
Mumbai: Aditya Birla Capital Ltd (ABCL) reported a remarkable 42% year-on-year increase in consolidated net profit for Q2 FY25, reaching Rs 1,001 crore, driven by strong growth in its lending and insurance sectors.
Sunil Mittal's Bharti Telecom to raise Rs 8,500 cr via domestic bond market: Report
Mumbai: Bharti Telecom Ltd., owned by billionaire Sunil Bharti Mittal, is planning to raise approximately Rs 8,500 crore (around $1.01 billion) in the domestic bond market, reported Bloomberg.
Welspun Enterprises Q2FY25 profit drops 11% YoY to Rs 61.56%
Mumbai: Welspun Enterprises has reported around 11 percent fall in consolidated net profit at Rs 61.56 crore for September quarter FY25 on account of higher expenses.
P&G Hygiene Q2FY25 profit rises marginally to Rs 212 cr
Mumbai: Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a slight increase of 0.57% in profit after tax, to Rs 211.90 crore for the first quarter ended September 2024, media reports said.
P&G Hygiene Q2FY25 rises marginally to Rs 212 cr
Mumbai: Procter & Gamble Hygiene and Health Care Ltd (PGHH) reported a slight increase of 0.57% in profit after tax, to Rs 211.90 crore for the first quarter ended September 2024, media reports said.
TCS signs 10-yr partnership with Brazilian education and research institute Insper, invests $8.6 million
São Paulo/ Mumbai: Tata Consultancy Services (TCS) has entered a 10-year strategic partnership with Insper, a prominent Brazilian higher education and research institution, aimed at accelerating industry innovation for TCS clients in South America through advanced technologies like AI, GenAI, IoT, and spatial computing.
Ola Electric expands service nationwide by more than 30%
Bengaluru: Ola Electric, India’s largest e-scooter manufacturer, has boosted service centre capacity nationwide by more than 30% to improve its after-sales service, media reports said.
India’s H1 fiscal deficit at Rs 4.75 lakh crore, narrows to 29.4% of FY25 target
New Delhi: India’s fiscal deficit for the first half of the current fiscal year, ending in September, reached Rs 4.75 lakh crore, or 29.4% of the Budget Estimate (BE), according to the Controller General of Accounts (CGA) data released today.
JSW Energy outbids Adani Group and NTPC in race for KSK Mahanadi Power Company
Mumbai: JSW Energy, part of the Sajjan Jindal-led conglomerate, has emerged as the highest bidder for the bankrupt KSK Mahanadi Power Company, according to a company filing on Tuesday.
Dabur Q2FY25 net profit jumps 18% to Rs 417.52 cr
Mumbai: Dabur India Ltd, a leading Indian FMCG company, reported a 17.65% drop in consolidated net profit, reaching Rs 417.52 crore for the September 2024 quarter.
Narrow majority of economists predict RBI likely to cut rates to 6.25% in December: Reuters poll
New Delhi/IBNS: The Reserve Bank of India (RBI) is expected to reduce its key policy rate by 25 basis points to 6.25 percent in December this year to support India's slowing economic growth, according to a narrow majority of economists surveyed in a Reuters poll.
'Got scammed': Delhi man claims he ordered 1 gm gold coin from Blinkit, gets 0.5 gm instead
New Delhi/IBNS: Mohit Jain, a resident of Delhi, claimed that Blinkit, one of the leading Indian quick-commerce platforms, delivered a 0.5-gram gold coin instead of the one-gram coin he had ordered.
Google's update to Local Services ads could impact millions of small businesses
California/IBNS: Google is set to introduce changes to its Local Services ads, which may significantly impact millions of small businesses, reports the Associated Press (AP).
RBI says another 102-ton gold shifted to India from Bank of England's vaults
New Delhi/IBNS: The Reserve Bank of India (RBI) on Wednesday (Oct. 30) announced the relocation of another 102 tonnes of gold from the Bank of England's vaults in London to secure locations within India.
Personal Loan Interest: Tips for Finding the Best Rates
Picture this: You’ve made the decision to take control of your financial future by securing a personal loan. Whether it’s for consolidating debt, funding a home renovation, or managing unexpected expenses, you’re excited to move forward. But before you dive in, there’s one critical factor that could significantly impact your financial journey— personal loan interest rates. Understanding how they work and how to secure the best possible rate could mean the difference between a manageable repayment plan and a financial burden.
JSW Steel partners with South Korean steelmaker POSCO on steel Plant, EV batteries, renewable energy projects
Mumbai/IBNS: JSW Steel has entered into a strategic partnership with South Korea’s POSCO to collaborate on steelmaking, electric vehicle (EV) batteries, and renewable energy initiatives.
Oil falls 5% after Israel's counterattack on Iran; Brent crude drops to $71.92 per barrel
New York/IBNS: Oil prices fell by about $4 per barrel on Monday (Oct. 28) after Israel's weekend counterstrike on Iran left key oil and nuclear sites untouched, easing concerns over potential disruptions to energy supplies.
Swiggy sets IPO price band between Rs 371 - Rs 390: Reports
Mumbai/IBNS: Swiggy, the leading Indian food and grocery delivery company, is set to launch its initial public offering (IPO) to raise Rs 11,300 crore.
Union Finance Ministry highlights softer urban demand, factory output
New Delhi/IBNS: The Union Ministry of Finance (MoF) on Monday (Oct. 29) highlighted emerging challenges in the Indian economy, including weakening consumer sentiment and declining urban demand, along with a slowdown in industrial activity.
Apple's production shift: Tech major exports $6 billion worth of iPhones from India
New Delhi/IBNS: Apple's iPhone exports from India surged by a third in the six months leading up to September, highlighting the company's strategic shift to expand its manufacturing footprint in India and reduce reliance on China, reports Bloomberg.
Amazon and HPCL collaborate to increase Low Carbon Fuel adoption
New Delhi: Amazon India said on Monday that it has entered into an initial agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to drive the development and adoption of Low Carbon Fuels (LCFs) for long-haul transport in India.
Amazon and HPCL collaborate to reduce carbon emissions
New Delhi: Amazon India said on Monday that it has entered into an initial agreement with state-owned Hindustan Petroleum Corporation Ltd (HPCL) to drive the development and adoption of Low Carbon Fuels (LCFs) for long-haul transport in India.
Federal Bank Q2FY25 net profit grows 11% YoY to Rs 1,057 cr, NII grows 15%
Mumbai: Private sector lender Federal Bank reported an 11 percent year-on-year rise in net profit, reaching Rs 1,057 crore for the September quarter, up from Rs 954 crore.