BUSINESS
L’Oreal Heiress Becomes First Woman to Accumulate a $100 Billion Fortune
The ascent of L’Oreal, established by her grandfather in 1909, into a global powerhouse has greatly influenced Bettencourt Meyers' and her family's substantial wealth.
Reduction Expected in Petrol, Diesel Prices Prior to LS Polls
This drop in international oil rates is anticipated to ease the burden on oil marketing companies, enabling them to pass on some relief to consumers.
Tata Motors Stock Shows Remarkable Growth, Doubles in Value in One Year
Recently, the Tata Motors stock reached a new high of Rs 802, marking a significant increase from its 52-week low of Rs 381.
Amazon Ventures into Hydrogen Fuel Production for Self-Powered Vehicles
As part of Amazon's commitment to decarbonize its operations by 2040, the use of hydrogen is considered a crucial tool. The on-site production of hydrogen through the partnership with Plug Power is expected to enhance energy efficiency for certain locations and types of facilities.
Report Reveals Big 5 Tech Giants, Including Apple and Microsoft, Contributed $3.9 Trillion to Their Stock Value This Year
The combined stock value of the Big Five tech companies—Apple, Microsoft, Alphabet, Amazon, and Meta—witnessed a monumental increase in 2023, collectively adding $3.9 trillion to their stock value.
Facebook, Instagram, YouTube, and Others Rake in $11 Billion in Collective Ad Revenue, Study Finds
Using a comprehensive set of public survey and market research data from 2021 and 2022, the researchers estimated the number of youth users on these platforms and the corresponding advertising revenue.
RBI Increases SBI, HDFC Bank Weight in 'Too Big to Fail' List
In its update, the RBI announced that while ICICI Bank retained its position in the same bracket as the previous year, both SBI and HDFC Bank have been moved to higher buckets – SBI from bucket 3 to bucket 4 and HDFC Bank from bucket 1 to bucket 2.
PSU Stocks Dominate: 9 of Top 15 Traded on NSE Belong to Public Sector Category
Notably, activity was focused on PSU (Public Sector Undertaking) stocks, with nine out of the top 15 traded stocks on the NSE falling into this category.
Market Surges to New Highs, Oil & Gas Stocks Lead with Strong Performance
The benchmark indices closed at record highs for the fifth consecutive day, with the Nifty reaching 21,778.70, up by 0.57%, and the Sensex ending at 72,410.38, up by 0.52%.
India's Economy Sustains Stable High Growth Supported by Strengthened Banks: RBI
Financial institutions are playing a crucial role in sustaining credit growth, supported by robust earnings and solid capital buffers.
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