BUSINESS
Burman family announces open offer for Religare Enterprises
The open offer is made with the intention to increase the family’s stake and take control of REL. It will be conducted in accordance with the SEBI (SAST) Regulations.
Market momentum broken, expect further downside
BSESENSEX lost 1,829.48 points or 2.70 per cent to close at 66,009.15 points while NIFTY lost 518.10 points or 2.57 per cent to close at 19,674.25 points. The broader markets saw BSE100, BSE200 and BSE500 lose 2.51 per cent, 2.37 per cent and 2.33 per cent respectively. BSEMIDCAP lost 1.71 per cent while BSESMALLCAP was down 2.04 per cent.
Markets to remain under pressure in the near term
Investors would look for economic data like US & UK GDP numbers, EU inflation, US & China Manufacturing PMI, and India’s Infrastructure output which is due next week for further direction.
EV firm Ather Energy’s losses swell 2.5 times to reach Rs 865 cr in FY23
The EV startup reported a loss of Rs 864.5 crore in FY23, against a loss of Rs 344.1 crore in FY22, according to its annual financial statements filed with the Registrar of Companies (RoC).
Micron’s Rs 22,500 cr plant to set a benchmark for India’s chip journey: Ashwini Vaishnaw
Saying that the first 'Make in India' chip from Micron’s plant is most likely to come in December 2024, the minister said the pace at which Micron kicked off work on the Sanand project is highly commendable.
Kia EV6 GT beats Ford Mustang Mach-E in German evaluation
Hyundai Motor's independent Genesis brand's GV60 SUV ranked second in the competitive EV evaluation and the Ford Mustang Mach-E ranked third, the group said in a statement.
US govt's interest payments on debt breaches 'unsustainable levels' crossing federal spending
Interest payments will be the single largest federal expenditure, topping Social Security by 2051, a projection shows. US debt breached an all-time high of $33 trillion as federal deficit ballooned amid a swath of Treasury bills, budget experts warned.
JPMorgan analyst sees oil price surge as high as $150
Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels.
US govt's interest payments on debt breaches 'unsustainable levels' crossing federal spending
Interest payments will be the single largest federal expenditure, topping Social Security by 2051, a projection shows. US debt breached an all-time high of $33 trillion as federal deficit ballooned amid a swath of Treasury bills, budget experts warned.
I-T Dept urges taxpayers with previous arrears to have them adjusted in refund claims
In a statement issued on Saturday, the I-T Department said it “is making every effort to complete the processing of Income Tax Returns (ITRs) and issuance of refunds expeditiously".
Don't Miss
Advertisement