Adani Group Stock Prices today: On Monday, the shares of Gautam Adani‘s multi-billion dollar conglomerate experienced a significant rally, with gains reaching up to 16%. This surge followed the unanimous predictions by exit polls that Prime Minister Narendra Modi will secure a record victory in the Lok Sabha election results on Tuesday.The cumulative market capitalization…
MUMBAI: RBI‘s monetary policy committee is expected to maintain a status quo on rates for the eighth consecutive time. The panel is scheduled to meet between June 5 and June 7.A possible victory for the ruling NDA as indicated in exit polls is expected to result in lower bond yields and a stronger rupee.According to…
NEW DELHI: Billionaire Gautam Adani has once again claimed the title of Asia’s richest person, overtaking Mukesh Ambani on the Bloomberg Billionaires Index. Adani’s net worth has surged to an impressive $111 billion, placing him at the top of the list of Asia’s wealthiest individuals.Adani is at the 11th place and Mukesh occupies 12th slot…
NEW DELHI: State-run oil marketing companies reduced the prices of a 19 kg commercial LPG gas cylinder by Rs 69.50 to Rs 1,676 on Saturday in Delhi, providing relief to businesses.State-owned fuel retailers, including Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL), Hindustan Petroleum Corporation Ltd (HPCL) of cooking gas on the 1st of…
MUMBAI: For desi startup firms, it’s homecoming.A growing number of Indian-origin companies are ‘reverse flipping‘ – shifting their domicile back to India from overseas because of attractive stock market valuations and to avoid trouble on the regulatory front.While fintech players PhonePe, Groww and Pine Labs have reverse-flipped, other startups like Razorpay, Meesho, Udaan, and Zepto…
NEW DELHI: India’s economy is estimated to have grown by 8.2% in 2023-24, led by a solid expansion in manufacturing and construction sectors, and a strong push from Jan-March quarter growth, beating expectations and laying a robust foundation for the new govt, which assumes office this month after the polls. The strong numbers will help…
BENGALURU: Tata Sons chairman N Chandrasekaran said even as AI will enhance productivity, it may also result in job losses. “It’s a mixed bag. We need to reskill and upskill to handle this change. While there will be job losses, AI will create jobs in data management,” Chandrasekaran, who is also TCS chairman, said at…
India FY24 GDP growth data: Indian economy grew at a faster-than-expected rate of 7.8% year-on-year in the January-March quarter, driven by robust growth in the manufacturing sector. For the full year 2023-24 it is estimated that India’s GDP is estimated to have grown at a robust 8.2%. Economists anticipate this momentum will remain strong throughout…
7th Pay Commission news: The central government’s decision to raise the dearness allowance for its employees by 4%, bringing it to a total of 50%, has led to significant changes in various allowances, including retirement gratuity. This increase is a substantial benefit for government workers.ET quoted the latest per the Office Memorandum (OM) dated May…
Modi’s midas touch for PSU stocks? Since the beginning of the Lok Sabha election on April 19, Dalal Street investors have been accumulating PSU stocks in substantial quantities, confident that ‘Aayega to Modi hi’. The market capitalization of the BSE PSU index has risen by nearly Rs 7 lakh crore during this period, with shares…
