Cristiano Ronaldo
PSU banks top losers as market cracks after Fed stance
While Nifty fell 159.05 points, or 0.90 per cent, to close at 19,742.35, Sensex plunged 570.60 points, or 0.85 per cent, to settle at 66,230.24.
PSU stocks rally raises chances of government divestment
State freebies have already started in a big way. The fiscal performance is weak year-to-date (YTD) with tax collections 3 per cent YoY (Apr-Jul), vs budgeted 10 per cent for FY24. A slowing nominal GDP (+8 per cent in Q1) and rising oil prices / potential populist pressures will restrict tax revenue surprise.
PSU banking stocks rally on Monday
Lower deposit-to-credit ratio, focusing more on high-yield products, and introducing technology into PUS banks would all help the sector's banks attracting more investors by boosting profitability and fostering development, says Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.
EV firm BluSmart crosses annual revenue run rate of Rs 400 cr
Operating in Delhi-NCR and Bengaluru, BluSmart has achieved a milestone of 5,000 electric vehicles (EVs). It has also set up over 3,900 EV charging points across 32 charging hubs at key locations in two cities.
India's power consumption rose 16% to 151 billion units in August
The spike in power consumption was mainly due to excess usage of appliances like air conditioners and coolers owing to extreme sultry weather conditions.
PSU scrips MMTC, IRFC post strong rally
Apart from IRFC, other railway stocks were also up including RVNL up by 11 per cent, IRCON up by 7 per cent.
Cognizant veteran Rajesh Nambiar appointed as Nasscom Chairperson
Nambiar takes on the new role from his previous role as Vice Chairperson succeeding Anant Maheshwari, ex-President of Microsoft India and now President and CEO of Honeywell’s High Growth Region portfolio.
Sitharaman meets IMF's Gita Gopinath, discusses downside risks to economy
The meeting took place on Tuesday on the sidelines of the IMF-World Bank Spring Meetings. According to the Finance Ministry, Sitharaman congratulated Gopinath for accelerating India's work on the Global Sovereign Debt Roundtable along with the World Bank and reiterated New Delhi's commitment to foster efforts to address growing debt vulnerabilities.
Sonova acquires German audio brand Sennheiser's consumer business
Subject to regulatory approval, the plan is to complete the transfer of the business to Sonova by the end of 2021. Sennheiser had announced in February that it would focus on the professional business in the future while seeking a partner for its consumer electronics business.
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