BUSINESS
Sensex Plunges 700 Points, Led by Slump in Tech Mahindra
The BSE Sensex was recorded at 70,331.85 points, marking a decline of 728.46 points or 1.03 percent. Tech Mahindra witnessed a plunge of over 5 percent, attributed to weak quarterly results
Amara Raja Aims to Commence Operations at Giga Factory Before the End of 2025
Last May, the company laid the foundation stone for its pioneering giga factory located in the Mahbubnagar district of Telangana.
Zee Approaches NCLT to Facilitate Sony Merger; Japanese Media Giant Vows to Stay Resolute
In response to the termination, Zee CEO Punit Goenka, who was under investigation by market regulator Sebi over fraud allegations, had written to Finance Minister Nirmala Sitharaman, blaming Sebi for attempting to hinder the deal with untimely notices related to alleged fund diversion by Zee promoters.
Interim Budget 2024 Initiates with Finance Minister's Halwa Ceremony at North Block
Similar to the past three full Union Budgets, the Interim Union Budget 2024 will be presented in a paperless format, scheduled for February 1, as announced by the Finance Ministry.
Nifty Bounces Back with Strong Recovery Following Tuesday's Sharp Decline
Following a significant decline on the preceding day, the Nifty Midcap 100 and Smallcap 100 indices recovered some losses, posting gains of 1.80% and 1.70%, respectively. Advancing shares outnumbered declining shares, with the advance-decline ratio standing at 1.83 on the BSE.
Sensex Surrenders Morning Gains, Dips Over 400 Points; Axis Bank Losses Contribute to Decline
Several stocks witnessed declines, with Axis Bank down over 3%, ICICI Bank down over 2%, Asian Paints down over 2%, and TCS down more than 1%. Motilal Oswal Financial Services downgraded Axis Bank to Neutral and revised its TP (target price) to Rs 1,175.
Supreme Court Cancels Default Bail for Wadhwan Brothers in DHFL Loan Fraud Case
A bench presided over by Justice Bela M. Trivedi stated, “The respondents-accused could not have claimed statutory rights of default bail under Section 167(2) of Criminal Procedure Code(Cr.P.C) on the ground that investigation for other accused was pending.”
NODWIN Gaming Acquires Comic Con India in a ₹55 Crore Deal
Under the terms of the deal, NODWIN Gaming will secure 100% ownership of Comic Con India at a valuation of Rs 55 crore, utilizing a combination of cash and share swap from the founders, Jatin Varma and Karan Kalra
HSBC Survey Reveals India's Business Activity Surges to 4-Month High at the Beginning of 2024
HSBC's flash India Composite Purchasing Managers’ Index (PMI), compiled by S&P Global, surged to 61.0 in January, surpassing December’s final reading of 58.5 and marking the highest level since September 2023.
French President Macron's Visit Expected to Boost India-EU Trade Deal Talks, Says GTRI
In June 2022, India and the EU resumed negotiations for a comprehensive trade and investment agreement after a hiatus of over eight years.
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