Iran's consulate attack in Damascus leads to the loss of seven officials, including senior commanders. IRGC confirms the tragic incident, blaming Israel for the assault, as tensions rise between the two adversaries.
Out of this, Rs 66,806 crore was secured through QIPs. Notably, the peak for QIP fundraising was in FY21, with companies raising Rs 78,045 crore. FY23 saw a 6-year low equity fundraising.
Treasuries fell across the curve - with 10-year yields climbing over 10 basis points - as manufacturing unexpectedly expanded for the first time since September 2022 - while input costs climbed.
Zepto eyes $300 million fundraise for $2.5-3 billion valuation, targeting Ebitda positivity with $1.2 billion sales. Blinkit's GMV surpasses $1 billion; Zomato holds $1.5 billion cash; Swiggy prepares for IPO.
Infosys enforces In-Person Collab Weeks for ENG-IoT employees, urging them to work from office for a minimum of 10 days per month. The company aims to enhance collaboration and ideation through Gen AI programs and strategic partnerships.
Foreign portfolio investors net sold shares worth Rs 522 crore on Monday. DIIs, meanwhile, bought shares worth Rs 1,208 crore.
Aditya Birla Fashion and Retail said that its board has approved evaluation of a vertical demerger of Madura Fashion & Lifestyle business and list it as a separate entity on stock exchanges.
Meta to establish its first data center in India at Reliance Industries campus in Chennai, enabling local content processing for Facebook, Instagram, and WhatsApp. The move aligns with the growing user base and ad revenue in India.
The X 'click here' trend on Twitter engages users with alternative text on images. From politicians to brands, the trend includes gimmicky texts. Even IPL franchises and entrepreneurs like Manu Kumar Jain join the bandwagon.
Gold prices soar in Kolkata's Zaveri Bazaar, impacting sales. Jewellers hopeful for a recovery during Akshay Tritiya. Mumbai sees 70% demand slump, while investment in bars rises. Analysts predict further price hikes due to global factors.
Modi emphasizes RBI's role in globalizing the rupee, enhancing India's economic growth. Efforts include digitizing payments, improving banking sector, exploring AI, ML, and supporting emerging sectors like tourism and space projects for future economic development.
ICEA leads discussions with fund houses to establish an exchange in India akin to Shanghai's Nasdaq. SEBI's pivotal role in developing an environment conducive to high-tech fundraising. Anand Lunia advocates for relaxed listing norms.
Domestic consumption, demand across several sectors, government spending on public infrastructure, and healthy balance sheets helped in improving credit profiles, rating agencies said. Major rating companies have recorded more upgrades than downgrades, although the pace moderated sequentially.
NSE's Nifty rose 135 points, or 0.61%, to close at 22,462 after touching an all-time high of 22,529 earlier in the day. BSE's Sensex rose 363 points, or 0.49%, to end at 74,014 off the record high of 74,254 during the day. The record closing levels for the Sensex is 74,119 and for the Nifty is 22,493 hit on March 7.
The cost of dining out and ordering in restaurants is rising, with bills potentially rising 5-8% starting this month. This is the first increase in about 1.5 years, as prices of cocoa, coffee, palm oil, and sugar have surged over the past quarter. Cocoa prices have reached a record, reaching over $10,000 per tonne, following disappointing harvests in key producing countries such as Ghana and Ivory Coast. Cocoa prices have doubled in the January-March quarter from the preceding one, and cocoa butter has risen over 150% in just one year.
India is setting near, medium, and long-term goals to become a developed economy by 2047, focusing on electric mobility, digitisation of payments infrastructure, and high-speed expressways. Central ministries will soon finalize five-year budgetary requirements for better financial management. Key areas include extended producer responsibilities, electronic waste recycling, soil surveys, farm output increase, youth skilling, speedier production from auctioned mines, and increased manufacturing output with lower emission intensity.
ET had reported on March 8 that at a meeting with bond market participants, the RBI had held discussions on returning to the multiple price method for government bond auctions.
The L&T stock rose over 8% in a month but rallied more than 5% in the last 5 trading sessions. This helped the stock breakout from a Cup and Handle pattern on the daily chart. The breakout has opened room for the stock to head towards 4,000 levels. Traders can accumulate the stock above 3,700 levels. The neckline of the pattern was placed above Rs 3,650.
Rise of the Ronin, a PlayStation 5-based video game released recently, has become a sensation for gamers across the world. Here is a guide to some of the early game melee weapons that give heavy damage to your opponents, making you an invincible foe.
Netflix shows such as Avatar: The Last Airbender, Bridgerton, Cobra Kai, Emily in Paris, FUBAR, Heartstopper, One Piece, "Squid Game: The Challenge" will have new seasons.
