BUSINESS
16 large-cap stocks hit 52-week high; Maruti, Ultratech Cement at all-time high
Maruti Suzuki hit an all-time high of Rs 10,575 on Thursday on the BSE, while Ultratech Cement hit an all-time high of Rs 8,703.
Interim relief by SAT for embattled Rana Kapoor
The interim relief came after the SEBI in July issued a demand notice to Kapoor, cautioning arrest and attachment of his assets over non-payment of the fine of Rs 2 crore, along with the interest.
India to see Rs 90K cr worth e-commerce sales in festive month this year
Marking the 10th year of e-commerce festive season sales, the industry is expected to clock the GMV of Rs 5,25,000 crore for the entire year, according to the report by market research firm Redseer Strategy Consultants.
SpiceJet pays $1.5 mn to Credit Suisse after SC warning
"SpiceJet Ltd. has complied with the directive of the Supreme Court by remitting $1.5 million to Credit Suisse. The payment was executed on Thursday," said an airline spokesperson.
Domestic air passengers traffic volume surged to 30.55%: DGCA
This impressive growth represents an annual increase of 30.55 per cent and a noteworthy monthly growth rate of 22.81 per cent. According to data released by the Directorate General of Civil Aviation (DGCA), during August, a total of 288 passenger related complaints had been received by the scheduled domestic airlines.
'Can PM Modi propel India into top tier of semiconductor manufacturing', writes NYT
India has no history of fabbing chips and virtually none of the hyperspecialised engineers and equipment needed to launch such an initiative.
Hackers rob $53mn worth of crypto from CoinEx
The incident occurred on September 12, and preliminary assessment indicated that the unauthorised transactions involved Ethereum ($ETH), Tron ($TRON), and Polygon ($MATIC) cryptocurrency.
ECB raises interest rates to highest level since launch of euro in 1999
It marks the 10th consecutive rate rise for the bank, as the ECB warned inflation remained too high even as the impact of previous increases and a weakening outlook for global trade weigh on the eurozone economy, The Guardian reported.
Nifty fluctuates after reaching record highs in early trade
Broader market outperformed with Nifty Mid-cap 100 and Small- cap 100 up 1 per cent. Majority of the sectors ended in green with buying seen in PSU bank, realty, auto, and metal stocks.
WPI to enter positive zone next month from negative in August
The central government on Thursday said the annual rate of inflation based on all India WPI number is (-) 0.52 per cent (Provisional) for the month of August, 2023 (over August, 2022) against (-) 1.36 per cent recorded in July, 2023.
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