Big boost for Indian stock markets! India’s weightage in the MSCI Global Standard index, which tracks emerging market stocks, has reached a new record high, enhancing the likelihood of increased inflows into its equity markets. This development has allowed India to close the gap with China on the index. As per the changes announced on…
Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, saw a muted opening in trade on Wednesday. While BSE Sensex moved up over 80 points, Nifty50 was above 22,250. At 9:21 AM, BSE Sensex was trading at 73,190.34, up 86 points or 0.12%. Nifty50 was at 22,257.25, up 39 points or 0.18%.The…
BENGALURU: Some IT companies wield the stick, while others offer carrots. Tech companies are employing different strategies to encourage their workforce to return to the office. The unprecedented flexibility that employees enjoyed during the pandemic is now being scaled back as companies reassert their expectations and exert control over the work environment.Employees find themselves in…
IndiGo, India’s largest airline, is in discussions with ATR, Embraer, and Airbus to expand its regional network by ordering at least 100 smaller aircraft. The airline currently operates 45 ATR-72 planes with a seating capacity of 78 and is set to receive five more this year. Sources familiar with the matter suggest that IndiGo is…
A group led by Blackstone, the biggest private equity fund globally, together with Abu Dhabi Investment Authority (ADIA) and GIC of Singapore, made a non-binding offer recently to purchase a majority stake in Haldiram Snacks Food Pvt Ltd (HSFPL), the joint packaged snacks and foods business of the Agarwal family’s Delhi and Nagpur branches, according…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, rose in trade on Tuesday. While BSE Sensex climbed up over 180 points to near 73,000 levels, Nifty50 was above 22,100. At 9:24 AM, BSE Sensex was trading at 72,833.90, up 58 points or 0.079%. Nifty50 was at 22,132.75, up 29 points or 0.13%.On…
April 2024 CPI Inflation: The Consumer Price Index (CPI) inflation for the month of April eased to 4.83%. The rural inflation was reported at 5.43% and urban inflation came in at 4.11%. The CPI inflation for the month of March 2024 stood at 4.85%. RBI’s Monetary Policy Committee has a CPI inflation target of 4%,…
SBI jobs: In the upcoming fiscal year 2025, State Bank of India (SBI) is aiming to bring on board around 12,000 fresh faces. According to SBI chairman Dinesh Khara, 85% of the 12,000 new recruits expected to join the bank in FY25 are engineering graduates. As per an PTI report, Khara has said that the…
India’s Chabahar port pact to counter Pakistan, China: India is poised to enter into an agreement with Iran for the management of Chabahar Port for the next decade. This move, taking place amidst a busy election season, is seen as a significant geopolitical outreach to Iran with major regional implications.Reliable sources were quoted in an…
MUMBAI/HYDERABAD: Telangana govt’s free bus ride scheme for women has impacted Hyderabad Metro Rail‘s ridership, causing its promoter L&T to consider exiting the project. The metro project’s financials have been a concern for L&T, prompting it to list Hyderabad Metro as a non-core asset in its books from 2021. The metro ridership has fallen to…
