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Govt bonds worth Rs 29,000 crore coming up for auction on May 31
Business

Govt bonds worth Rs 29,000 crore coming up for auction on May 31

New Delhi, May 27: The Finance Ministry on Monday announced the sale of government bonds worth Rs 29,000 crore in three lots through auctions to be conducted by the Reserve Bank of India in Mumbai on May 31.The first lot comprises “New Government Security 2029” for a notified amount of 12,000 crore...
Sensex trades higher after opening at record level
Business

Sensex trades higher after opening at record level

Mumbai, May 27: India equity benchmarks opened at record levels on Monday following positive action in global peers. At the opening, Senex and Nifty hit new all time highs of 75,679 and 23,043 respectively. At 10.20 a.m., Sensex was up 60 points or 0.08 per cent, at 75,465 points, and Nifty was...
Zypp Electric raises $15 mn to expand company’s fleet, domestic operations
Business

Zypp Electric raises $15 mn to expand company’s fleet, domestic operations

New Delhi, May 27: Tech enabled EV as a service platform Zypp Electric said on Monday that it raised $15 million to expand the company's fleet from 21,000 to 2,00,000 electric scooters and domestic operations to 15 cities across the country by 2026. The round was led by Japanese major ENEOS, along...
Nazara Tech promoter sells 6.3 pc equity to Plutus Wealth Management
Business

Nazara Tech promoter sells 6.3 pc equity to Plutus Wealth Management

New Delhi, May 27: Gaming and sports media platform Nazara Technologies, on Monday, said that its promoter Mitter Infotech has sold 48.84 lakh equity shares, or 6.36 percent of its stake in the company, to Plutus Wealth Management.The block stock deal will provide liquidity for the promoters who...
Docking of largest container ship shows Mundra Port
Business

Docking of largest container ship shows Mundra Port's unmatched capabilities:...

New Delhi, May 26: The docking of the largest container ship ever at an Indian port highlights Mundra's unmatched capabilities and a testimony to the company’s nation building efforts, Karan Adani, Managing Director, Adani Ports and Special Economic Zone (APSEZ), said on Sunday. The company earlier...
NSE to launch one paisa ticket size for stocks below Rs 250 from June 10
Business

NSE to launch one paisa ticket size for stocks below Rs 250 from June 10

Mumbai, May 27: The National Stock Exchange is set to launch a new one paisa ticket for stocks below the trading price of Rs 250 per share, according to the NSE circular. As per the circular, the measure will be implemented from June 10. At present the share has a ticket size of at least 5 paise....
Investors shrug off toolkit against Adani Group, key portfolio firms
Business

Investors shrug off toolkit against Adani Group, key portfolio firms' stock...

Mumbai, May 24: The key portfolio companies of the Adani Group on Friday continued their sharp rally, with the flagship Adani Enterprises Ltd (AEL) regaining losses of more than $30 billion that accrued after the short seller firm Hindenburg's report.The Adani Enterprises stock has registered a rise...
India only country among world
Business

India only country among world's top 5 to register rise in steel production in...

New Delhi, May 23: India is the only country among the world's top steel producing nations to post a growth in steel production during April this year, according to figures compiled by the World Steel Association. India, the second largest steel producer in the world next to China produced 12.1...
X platform now has 600 million monthly active users: Musk
Business

X platform now has 600 million monthly active users: Musk

New Delhi, May 24: Tesla CEO Elon Musk on Friday said that his X social media platform has reached 600 million monthly active users (MAUs). Musk, who acquired the platform in 2022 for $44 billion, is making it an “everything app” where people can post movies and TV shows and also make digital...
NP Singh to move on as MD & CEO of Sony Pictures Networks India, asks firm to find a successor
Business

NP Singh to move on as MD & CEO of Sony Pictures Networks India, asks firm to...

New Delhi, May 24: NP Singh, Managing Director and CEO of Sony Pictures Networks India (SPNI), has stepped down after 25 years at the company. Singh is moving to an advisory role in the company. After nearly 44 years in my career, including a rewarding 25 year tenure at SPNI, I have decided to move...
Lava announces its new Board members; Sunil Raina joins as Director
Business

Lava announces its new Board members; Sunil Raina joins as Director

New Delhi, May 24: Home grown electronics manufacturer Lava International on Friday announced its new Board members to drive the company's next phase of growth and innovation. The company's Executive Director Sunil Raina and Chief Manufacturing Officer Sanjeev Agarwal have joined as Directors....
Delhi-NCR leads in decline of unsold housing inventory in last 5 years: Report
Business

Delhi-NCR leads in decline of unsold housing inventory in last 5 years: Report

Mumbai, May 23: The unsold home inventory in Delhi-NCR declined by a massive 57 percent in the last five years, from nearly 2 lakh units in the first quarter of 2018 end to around 86,420 units by Q1 2024, a report showed on Thursday. Bengaluru, Hyderabad and Chennai saw their collective unsold stock...
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