BUSINESS
FPIs Invest Approximately Rs 65,000 Crore in a Year Amid Stable Market Conditions
According to data from depositories, while FPIs invested a total of Rs 1,82,965 crore in this period, net divestment stood at Rs 1,18,141 crore.
Ola Electric Stock Soars Nearly 16% Following New Motorcycle Launch
The company has posted a massive jump in operational revenue for the April-June quarter of 2024-25.
SBI Increases Lending Rates by 10 Basis Points, Impacting Borrowers' EMIs
This is the third consecutive instance of raising the MCLR by the bank.
Foxconn's Investments Set to Propel India as a Global Manufacturing Powerhouse: Ashwini Vaishnaw
Taking to social media platform X, Vaishnaw mentioned Foxconn's contribution and said, "As we strive to make Bharat a global manufacturing hub, we feel thankful that Foxconn's Chairman, Young Liu, continues to bring in more and more investment plans."
Zepto Eyes $340 Million Funding at $5 Billion Valuation, Competing with Blinkit
With this funding, the valuation of the firm is likely to increase to $5 billion from its previous valuation of $3.6 billion, a jump of 40%.
Regulator Disputes Hindenburg's Claim on Mauritius-Based Fund in SEBI Chairperson Case
The FSC Mauritius took note of the report published by Hindenburg Research on August 10, 2021, which referred to 'Mauritius-based shell entities' and imputed that Mauritius is a 'tax haven'.
India Inc Sets Record with 195 Deals Worth $8.4 Billion in July, Report Reveals
"The strong growth in deal activity reflects growing investor confidence. Record volumes of M&As, driven by significant domestic transactions and a resurgence in cross-border deals, have proved India's strategic position as one of the key growth markets," Shanthi Vijetha, Partner, Growth at Grant Thornton Bharat, said.
India’s Defense Exports Surge 78% in Q1 of 2024-25
According to the Economic Survey 2023-24 tabled in Parliament on July 22, India's defence exports touched a record high of $2.5 billion in FY 2023-24. This is a 25 per cent increase from $2 billion in FY 2022-23 and points toward a steady upward move in the past few years.
Starbucks Appoints Brian Niccol as New CEO, Succeeding Laxman Narasimhan
Currently CEO at Chipotle, Niccol will officially join the ranks on September 9, said Starbucks. Between now and then, added the company, Starbucks' CFO, Rachel Ruggeri, will act as interim CEO.
LIC's New Business Premium Jumps Nearly 20% to ₹18,431 Crore in July
Other details show that the 'Individual Premium' segment fetched in ₹5,479.57 crore in July, which is a 14.72 per cent increase from ₹4,776.66 crore in July 2023. The 'Group Premium', the second basket, recorded a massive rise of 22.74 per cent at ₹12,838.14 crore in July 2024 against ₹10,460 crore during the same month a year ago.
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