BUSINESS
Tata Steel Reports Rs 833 Crore Net Profit in Q2, Marking Strong Recovery
The revenues of the company's operations declined 3 per cent year-on-year at Rs 53,905 crore.
RBI Governor Rules Out Immediate Rate Cut, Cites Ongoing Inflation Concerns
Addressing a media event here, the RBI Governor said, "A change in stance does not mean there will be a rate cut in the very next monetary policy meeting."
Indian Stock Market Cheers Trump Win as Sensex Surges 901 Points
The Sensex closed at 80,378.13, up 901.50 points or 1.13 per cent.
Swiggy Secures ₹5,085 Crore from Anchor Investors Ahead of IPO
Among the anchor investors who have been allocated shares are New World Fund Inc, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company, Fidelity Funds, BlackRock, Allianz Global Investors Fund and Schroder International, as per a circular uploaded on BSE's website.
Ola Electric Shares Plunge to All-Time Low of ₹74 Ahead of Q2 Results
"We intend to inform you that a meeting of the Board of Directors of Ola Electric Mobility Ltd is proposed to be held on Friday, November 8, 2024, inter alia, for considering and approving the unaudited standalone and consolidated financial results of the company for the quarter and half year ended September 30, 2024, along with the Limited Review Report of the Auditors thereon," it said in a stock exchange filing.
E-commerce Platforms Achieve Over ₹1 Lakh Crore in Sales During India's Festive Season
According to industry data, this marks a growth of more than 20 percent compared to last year's festive sales on major e-commerce platforms across the country. Rs 55,000 crore-and this figure has just arrived for the first festive sales week itself that had kicked in on September 26, surpassing more than half of the overall business transacted during this festival.
HSBC Reports: Export Orders Drive Manufacturing Growth and Job Creation in India for October
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index compiled by S&P Global rose from September's eight-month low of 56.5 to 57.5 in October, meaning strong and accelerated improvement in operating conditions.
India Sees 10% Rise in White-Collar Hiring in October; Fresher Jobs Increase by 6%
Roles in AI/ML saw exceptional growth at 39% year-on-year and 2% month-on-month according to data by The Naukri JobSpeak Index.
India's Manufacturing Sector Sees Growth Rebound in October, Reports PMI
Increases recorded in total new orders, international sales in higher-than-previous-level of gains fueled the jump seen as being substantial and an improvement was accelerated in conditions about production.
IMF Projects India as a Key Driver of Growth in the Asia-Pacific Region
The report stated that the IMF World Economic Outlook report released last on October 2 retains GDP growth forecasts for the economy at a robust 7 per cent and 6.5 per cent, for FY25 and FY26, respectively.
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