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Showing posts with the label Business News: Latest News Business

ONGC Q2 net up 17% at Rs 12,000 crore on lower tax

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18% GST: HC quashes order on sanitisers

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Coal import up 8% to 140.6 MT in April-Sept

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India's coal imports saw a 7.8% increase, reaching 140.60 million tonnes between April and September of this financial year. This rise comes despite a 10.09% dip in September's imports. The surge is attributed to robust stock positions and competitive domestic e-auctions, contributing to an anticipated moderation in overall import demand. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/bUN6ctO

Sebi looks to expand scope of info disclosed by listed companies

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To enhance transparency and investor protection, India's market regulator, SEBI, is proposing to broaden the definition of Unpublished Price Sensitive Information (UPSI). This includes events like fundraising, management changes, regulatory actions, and financial irregularities, aiming to provide a clearer framework for listed companies. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/lZEYIBW

'No intention of selling': Trump Media shares jump as Trump dismisses sale rumors

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Shares of Trump Media & Technology Group saw an upward trend after former US President Donald Trump refuted claims of selling his shares. Trump confirmed his commitment to the company, which owns the Truth Social platform. He labeled the rumors as false and potentially illegal. Trump Media's shares experienced a significant increase, closing at a higher value. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1XLFZPR

Foreign investors withdraw approximately Rs 20,000 crore in last 5 trading sessions

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Foreign investors are pulling out of Indian equity markets due to high valuations and shifting focus towards China. Despite this, new FPI registrations are on the rise thanks to relaxed regulations. The future of FPI investment hinges on upcoming earnings reports and the performance of the Chinese market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ngGW19P

Market capitalisation of six of top-10 most-valued firms decline Rs 1.55 lakh crore last week

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India's stock market witnessed a mixed performance last week, with six of the top ten companies experiencing a combined market value decline of ₹1.56 lakh crore. Reliance Industries took the biggest hit, while TCS and Infosys emerged as gainers. Despite the fluctuations, Reliance Industries retained its top position, followed by TCS and HDFC Bank. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BURL5u3

In boost to MSMEs, FM Nirmala Sitharaman pushes for Rs1.5L cr extra PSB loans in FY25

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Finance Minister Nirmala Sitharaman raised the lending target for public sector banks to MSMEs by nearly 35% for this financial year. She set a new target of Rs 5.7 lakh crore, emphasizing that no small business should be denied funding. Sitharaman urged public sector banks to take the lead in lending to MSMEs, aiming for greater growth in the sector. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/0iJRwlG

Irdai chief bats for 100% FDI in insurance to boost reach

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Debashish Panda, chairman of the Insurance Regulatory and Development Authority (Irdai), advocated for raising the foreign direct investment (FDI) ceiling in the insurance sector to 100% from the current 74%. He believes this move will attract more foreign players, bolster the industry's capital base, and help achieve the government's target of 'insurance for all' by 2047. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/q2lK1ct

Swiggy IPO sees 35% subscription on Day 2

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India should be part of RCEP, CPTPP: Niti CEO

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Niti Aayog CEO BVR Subrahmanyam stated that India should join the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to benefit its MSME sector, which contributes 40% of India's exports. He believes that joining these trade agreements will boost India's participation in the 'China plus one' strategy. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/hCpflDZ

Bitcoin scales $75k peak as 'crypto prez' romps home

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Bitcoin soared to an all-time high, driven by Trump's projected victory and the anticipation of favorable cryptocurrency regulations during his potential second term. The cryptocurrency market responded positively to Trump's pro-crypto stance, contrasting with the stricter approach adopted by the Biden administration. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/15oIhay

Trump presidency seen as mixed bag for Indian markets

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Economists and market analysts believe that a return of Donald Trump to the White House could bring both opportunities and challenges for the Indian market. While some sectors like software and pharmaceuticals might benefit, others could face tariff barriers. Despite potential volatility, India is expected to attract foreign investment due to its favorable policies and the 'China +1' strategy. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nFm75Ie

Government to divest 2.5% in Hind Zinc, eyes 5k cr

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The Indian government is selling up to 2.5% of its stake in Hindustan Zinc, aiming to raise around ₹5,330 crore. The sale, through an offer for sale (OFS), starts on November 6th for institutional investors and high-net-worth individuals, with retail investors able to participate from November 7th. The floor price is set at ₹505 per share, a 10% discount. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rvyU6AC

For Unilever, India is not just a mkt, it's much bigger: CEO

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Unilever CEO Hein Schumacher sees India as a crucial hub for growth, talent, and R&D. He acknowledges short-term challenges in Asian markets but remains optimistic about India's long-term potential. Schumacher emphasizes Unilever's focus on premiumization, innovation, and adapting to evolving consumer trends like quick commerce. He outlines a strategy for navigating inflation, supply chain disruptions, and competition from private labels. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/5OXgpEj

Sensex soars 1,200 pts from day’s low despite FPI selling

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The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day. This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering. Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/1SJeVho

Sebi warns investors about stock ‘games’, virtual trades

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India's market regulator, SEBI, issued a warning to investors about unauthorized entities offering virtual trading services and fantasy games based on stock prices. These platforms violate SEBI's regulations and pose a risk to investors, as they are not registered. SEBI urged the public to invest and trade only through authorized intermediaries to avoid potential losses. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/w5tkZ0I

Record foreign exodus casts a pall over India’s stock market

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India's stock market is experiencing a decline as foreign investors withdraw record funds due to concerns about the slowing post-pandemic economic boom. Despite domestic investments preventing a larger downturn, waning consumer spending and high valuations are causing anxieties. Although the market shows potential for growth, experts predict further adjustments as the economic slowdown's impact becomes clearer. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yucUGr4

No slowdown in tech spends: Microsoft India head

Microsoft sees robust technology spending in India, with rising AI momentum driven by Copilot and increasing use cases. Puneet Chandok, the company's India and South Asia president, highlighted a positive shift in AI perceptions and emphasized Microsoft's commitment to regulatory compliance. India remains a key growth market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/sLWV0eT

FMCG firms worry over high inflation, squeezing urban market; hint price hike

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Leading FMCG companies reported declining margins in the September quarter due to higher input costs and food inflation, slowing urban consumption. Firms like HUL, Dabur, and Nestle India noted muted demand, while rural markets showed growth. Companies plan price hikes to counter rising input costs. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L9sZj5E