Swiggy has received enthusiastic investor interest for its $1.4-billion IPO in India, with bids from big investors like Norges Bank and Fidelity exceeding $15 billion. […]
Month: October 2024
Rupee ends October near record low amid outflows
The rupee closed near an all-time low against the dollar, ending at 84.08, with RBI intervention keeping it steady amid US election anxiety. The rupee […]
UPL, promoter Shroff settle Sebi case
United Phosphorus (UPL) and its main promoter Jaidev Shroff settled with Sebi by paying over Rs 20 crore for routing funds to artificially boost UPL’s […]
10-year bond yield posts its biggest rise in 6 months
India’s 10-year benchmark government bond yield experienced its largest increase in six months in October, driven by a surge in US Treasury yields. Local yields […]
BJP MLA Devender Singh Rana passes away
Senior BJP leader and MLA from Nagrota, Devender Singh Rana, passes away in Faridabad. Rana, Jitendra Singh’s younger brother, was a prominent figure in J&K […]
D-street gains: Investors become richer by $1.5 trillion since last Diwali
The stock market ended Samvat year 2080 on a negative note, but despite this, investors’ wealth in India surged to Rs 453 lakh crore, marking […]
Microsoft CEO Satya Nadella addresses shareholders in his annual letter
In his annual letter, Microsoft CEO Satya Nadella reflects on the company’s focus on AI and its impact on various sectors. He highlights Microsoft’s achievements […]
Inflation fails to dampen Diwali snacking as gifts pack a punch
This Diwali, consumer spending on snacks and gifts soared despite inflation concerns. Companies like Naturals Ice Cream, Dabur, and Parle Products saw significant sales boosts […]
Are India’s consumption hiccups signalling stress?
India’s urban middle class is cutting back on spending due to inflation and unemployment, revealing weakness in urban demand for the second consecutive quarter. Major […]