‘Foxconn unit in talks for $200 million components plant in Tamil Nadu’
Foxconn Industrial Internet (FII), a subsidiary of Foxconn, is in discussion with Tamil Nadu state in southern India to invest up to $200m in a […]
Month: July 2023
US Fed raises interest rates, leaves door open to another hike
The Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what is […]
Reliance’s Jio Fin, BlackRock tie up to launch India MF business
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Jio Financial Services, BlackRock to launch asset management venture
Jio Financial Services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management […]
Tech Mahindra reports disappointing Q1 numbers; net profit falls 38% to Rs 692.5 crore
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Sensex snaps 3-day losing run, Nifty closes above 17,500 as RIL, L&T gain
Benchmark Sensex bounced back 351 points while Nifty closed above the 19,750 level on Wednesday following buying in capital goods, banking and oil shares amid […]
Gift Nifty sets record-high single day turnover of $12.39 billion
Gift Nifty derivatives on NSE International Exchange (NSE IX) saw a record-high single day trading activity of at least 3.14 lakh contracts with a turnover […]
Microsoft, Google beat earnings expectations amid AI frenzy
Google’s advertising revenue reached $58.1bn and its cloud business grew to $8bn compared to $6.3bn the previous year’s same period. Meanwhile, Microsoft’s net profit rose […]
Larsen & Toubro to buy back Rs 10,000 crore shares, biggest this year
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Tata Motors board approves scheme to simplify capital structure
The board of Tata Motors has approved a scheme of arrangement for a capital reduction of ‘A’ Ordinary shares. The company will issue Ordinary shares […]