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Showing posts with the label Business News: Latest News Business

Ambuja seeks CCI nod to buy 47% in Orient

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Hindalco Q2 net up 78% at Rs 3,909 crore

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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/IPE40UJ

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enhance transparency and investor protection, India's market regulator, SEBI, is proposing to broaden the definition of Unpublished Price Sensitive Information (UPSI).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/wVCzraS

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/kdhwOmu

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/IWj8dBF

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/tdLocka

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/hf4osBk

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/iFOjN75

MF expenses: Sebi seeks separate disclosure norms

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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/6hcdbzP

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/5Iq9oOd

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/IY4wzJt

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/l4mf16N

NSE launches mobile app and expands website to 11 regional languages

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The NSE introduces its new mobile app, NSEIndia, and expands its website language support to eleven regional languages, aiding wider investor participation across India. The app, available on iOS and Android, offers key features like market updates and customizable watchlists, providing secure access to market data. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/yajJguz

China eases curbs to woo global investors

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Apple's India revenue hits a new high in September quarter

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Apple's revenue in India hit an all-time record due to increased sales of iPhones and other products like iPads, MacBooks, and AirPods. CEO Tim Cook highlighted India's growing importance, noting the expansion in production and retail presence. The company's global net sales rose over 6% to $95 billion for the quarter. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/p0Fdqg7

Are India's consumption hiccups signalling stress?

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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 companies like Hindustan Unilever and Reliance's retail unit have reported softer consumption, impacting their earnings and the broader economic outlook. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/L27HZ8V