BUSINESS
BharatPe Settles Rs 88 Crore Fund Misappropriation Case with Ashneer Grover
The company, in a statement to IANS, said as part of settlement, Grover will not be associated with BharatPe in any capacity nor be part of shareholding of the company.
Musician Ricky Kej Raises Concerns About Air India Services; Airline Promises Corrective Measures
In a series of posts on X on Sunday, Kej mentioned about his experience at the Delhi airport before he boarded an Air India flight to Bengaluru on September 14. The incident was related to payment for excess baggage.
Bull Run Persists; Underperforming Stocks Expected to Lead in Upcoming Quarters
There was sector rotation in the benchmark indices. Inflows are more into large-cap stocks than into mid and small caps, which have been the market favorites until recently.
Make in India is work in progress, we must become manufacturing nation, Says Amitabh Kant
Amitabh Kant spoke of the Make in India initiative. "It has been ten years into the initiative, but all this is still in the works," he claimed. "The country must progress toward becoming a manufacturing nation, at least bringing the manufacturing sector up to 25% of its GDP." He went on to discuss different sectors, their growth prospects, and the hurdles it holds.
FPIs Pump Over ₹1.71 Lakh Crore into India So Far This Year, IPOs See Significant Surge: Centre
Foreign portfolio investors infused Rs 48,822 crore into Indian equities this month, till September 26, as per NSDL data. They have only increased their inflows into the market, thanks to the recent cuts by the US Fed.
The great success of the IPO market in India also speaks about the economic strength of it. It is not just Indian companies that are now getting listed, but also multinationals firms like Hyundai and LG, according to a report by the Ministry of Information and Broadcasting.
Sensex Declines by 264 Points; Power Grid and ICICI Bank Among Top Losers
During intraday, Sensex and Nifty touched a new all-time high of 85,978 and 26,277 respectively.
Sensex Closes at All-Time High with Auto Stocks Leading the Surge
The SENSEX pack remained bullish with the leader among gainer stocks being Maruti Suzuki (NS: MRTI), Tata Motors (NS: TAMO), Bajaj Finserv (NS: BJFS), M&M (NS: MAHM), Tata Steel (NS: TISC), JSW Steel (NS: JSTL), UltraTech Cement (NS: ULTC), Bajaj Finance (NS: BJFN), Nestle (NS: NEST), Sun Pharma (NS: SUN), HUL, SBI (NS: SBI), Wipro (NS: WIPR), Asian Paints (NS: ASPN), ITC, and IndusInd Bank (NS: INBK). All other stocks closed in the red except L&T and NTPC (NS: NTPC).
Nita and Akash Ambani Join Viacom 18 Board Ahead of Merger with Disney
Those on board are chairperson of Reliance Foundation Nita Ambani and chairman of Reliance Jio Infocomm Akash Ambani, industry sources added.
Viacom18 is the holding company that owns the media and entertainment business of billionaire Mukesh Ambani-led Reliance Industries and Bodhi Tree Systems.
India's Electronics Production Reaches ₹9.52 Lakh Crore, Mobile Exports Exceed ₹1.2 Lakh Crore
India has touched Rs 6.61 lakh crore in overall value of production above the target set by the government. The cumulative investment had targeted Rs 9,100 crore, which was already surpassed.
Sensex and Nifty Hit Record Highs with Maruti Suzuki and Wipro Among Top Gainers
Sensex and Nifty made a new all-time high at 85,372 and 26,056 in early trade.
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