SpiceJet settles $23.39 million dispute with Aircastle and Wilmington Trust for $5 million, resolving ongoing litigations. It previously settled a $131.85 million dispute with Babcock & Brown Aircraft Management. SpiceJet also plans to expand its fleet, adding 10 new planes by November-end.
Just as the Biden administration has subsidised the construction of computer chip and electric vehicle factories to limit dependence on foreign suppliers, it has focused on increasing domestic production of the ingredients needed to make pharmaceuticals.
Donald Trump's proposed economic policies, including massive tariffs, mass deportations, and interference in Federal Reserve's decisions, are predicted by economists to increase inflation significantly. Experts, including Nobel Prize winners, warn that these measures could lead to higher consumer prices and destabilize the economy.
The Federal Bank, Kalyan Jewellers India, Oberoi Realty, markets news, stock market news, Federal Bank shares.
The Jharkhand government has increased the monthly payout under the ‘Maiyan Samman Yojana’ from Rs 1,000 to Rs 2,500 for women above 18 years, starting December. This decision is seen as a counter to BJP's promise of Rs 2,100 per month if elected.
This uptrend reflects an increasing number of participants either initiating new positions or expanding the size of their existing positions within the futures market.
India's clean energy sector is finally making significant strides, with substantial increases in solar and wind installations. The country is on track to meet its ambitious renewable energy targets, potentially reducing its carbon footprint ahead of schedule and setting a model for sustainable development for other emerging economies.
UBS initiated coverage on Ramkrishna Forgings with a 'Buy' rating and a target price of Rs 1,500, indicating a 46% upside potential. The firm has transitioned to a comprehensive assembly solution provider, enhancing its growth prospects. Recent earnings show a 3% profit increase to Rs 81 crore in Q1 FY25, while stock has risen 49% in six months.
NDP leader Jagmeet Singh urged Canada to impose diplomat sanctions on India over the murder of Hardeep Singh Nijjar. He claimed Canadian Sikhs were facing threats and violence linked to Indian officials. Canada has expelled six Indian diplomats. India has reciprocated by expelling six Canadian diplomats.
ANSR acquires a majority stake in Summit Consulting Services for Rs 45-65 crore ($5-8 million). This acquisition aims to expand its solutions for mid-sized global capability centres (GCCs) in India. Summit will continue independent operations while its founder joins ANSR's leadership team.
The BSE Sensex was trading 237 points, or 0.29%, higher at 82,210. The Nifty50 was up 65 points, or 0.26%, trading at 25,193 around 9:20 am.
Brokerage firms recommend various strategies for HCL Tech, HDFC Bank, RIL, and Maruti Suzuki. Nuvama and Jefferies advocate buys for HCL Tech and HDFC Bank, respectively. HSBC also favors Maruti, while Investec maintains a sell rating on HCL Tech. Analysts highlight growth prospects and market dynamics influencing valuations.
China's export growth decelerated significantly in September, rising by only 2.4% from the previous year amid heightened trade tensions and tariffs from key markets including the EU and the US.
HDFC Life Insurance shares trade around Rs 740, showing potential for upward momentum if it surpasses Rs 750, with Rs 730 acting as critical support. RSI and moving averages indicate a bullish trend, and a Broken Wing Options strategy is suggested for potential gains.
Work, workplace and the workforce are changing; companies need to build a strategy and reimagine workplace experiences for tomorrow
J Kumar Infrastructure shares are expected to attract attention on Tuesday following the company's acquisition of a work order valued at ₹297.8 crore from the Pune Municipal Corporation. The project, scheduled for completion within 36 months.
Heavy rain in Chennai has caused waterlogging and traffic congestion. The India Meteorological Department predicts more rain for the day. Deputy CM Udhayanidhi Stalin surveyed affected areas and instructed officials to prepare. Residents parked vehicles on the Velachery flyover to avoid damage, and authorities advised fishermen to stay away from the sea.
Ravi Jain has resigned from his position as business head of Krutrim AI, marking the first top-level exit from Bhavish Aggarwal's AI startup. Jain had been associated with Ola since 2021 and took on the role at Krutrim AI in mid-2023. This news follows recent leadership changes at Ola Electric, Aggarwal's major venture.
The EU reveals its stance for the COP29 climate talks, emphasizing the need for broadening the donor base while confronting budget constraints.
If value investing still appeals to you, here is our list of recommended value funds to invest in October 2024. There is no change in our recommended schemes. Watch out for our monthly updates to find out whether your favourite scheme is performing well.
The first Test of the India vs New Zealand series in Bengaluru will be significant for batsman Rachin Ravindra. His family is from Bengaluru, and they will watch him play there. Ravindra has a solid Test record and also made a strong impression during the 2023 ODI World Cup in India.
Hyundai India's Rs 27,870 crore IPO opens for subscription today, with bids accepted until October 17. The IPO is a complete offer for sale by Hyundai Motor Global, with funds aimed at R&D and innovation. Analysts suggest subscribing for the long term due to strong brand presence and growth prospects.
Sterling & Wilson Renewable Energy reported a net profit of Rs 8.57 crore for the second quarter ending September 2024, reversing a net loss of Rs 54.51 crore in Q2FY24. Revenue rose by 35.7% to Rs 1,030.49 crore YoY. The company’s shares have surged 25% in 2024 and 79% over two years.
JSW Infrastructure has received a letter of intent from the Maharashtra Maritime Board to develop an all-weather multipurpose port at Murbe in Palghar District. The project aims to support the company's cargo demands and enhance EXIM operations. It aligns with the company’s FY2030 growth plan, targeting an increase in capacity from 170 MTPA to 400 MTPA.