Samsung Electronics Co’s quarterly profit sank to an eight-year low as the global economic slowdown has weakened memory chip prices and severely dented demand for electronic goods. The South Korean multinational conglomerate, which is the world’s largest memory chip, television and smartphone manufacturer,…
Sam Bankman-Fried was released on a $250 million bond package on Thursday while he awaits trial over the collapse of the FTX crypto exchange, which a US prosecutor called a “fraud of epic proportions.” Federal prosecutors in Manhattan have accused the FTX founder of stealing billions of dollars in…
Sula Vineyards, India’s largest wine producer, made its debut on the stock market on Thursday. On its IPO listing, Sula’s stock had a flat opening and slipped soon. At the time of writing this report, it went on to make a BSE intraday low of Rs 339 and dipped lower from its upper price band of Rs 357…
The World Bank has predicted the Indian economy to grow at 6.9 per cent in the current fiscal year. The World Bank raised its forecast for India’s growth to 6.9% for the current fiscal year from 6.5% earlier. It also trimmed its expectation for the next fiscal year to 6.6% from 7% earlier, reported Reuters. The…
Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely positive trend in global markets and continuous foreign fund inflows. The 30-share barometer rallied 417.81 points or 0.67 per cent to settle at 63,099.65, its fresh record…
Equity benchmarks settled at record highs on Friday, rallying for the fourth day running, helped by intense buying in index majors Reliance Industries, Wipro and Maruti. In a largely range-bound trade, the 30-share BSE Sensex climbed 20.96 points or 0.03 per cent to settle at 62,293.64, its fresh record closing…
Tata Group-owned Air India has mandated UK-based remarketing firm Skytech-AIC for the sale of its four Boeing 747-400 jumbo planes. These aircraft were deregistered by the Directorate General of Civil Aviation earlier this year. In a statement on November 21, Skytech-AIC said it has been appointed by Air India to…
Mother Dairy has decided to hike the prices of full-cream milk by Re 1 per litre and token milk by Rs 2 per litre in the Delhi-NCR with effect from Monday. This is the fourth round of hike in milk prices this year by Mother Dairy, one of the leading milk suppliers in the Delhi-NCR region. Mother Dairy has increased the…
Union Minister for Commerce and Industry Piyush Goyal on Thursday called for “more integrity” in market research and asked the survey and market research industry to follow the code of ethics to ensure the industry grows manifold. He also asked the industry to come up with studies which will help the government…
Equity benchmark indices ended lower on Thursday in line with weak global market trends. The 30-share BSE Sensex declined 230.12 points or 0.37 per cent to settle at 61,750.60. During the day, it fell 337.45 points or 0.54 per cent to 61,643.27. The broader NSE Nifty dipped 65.75 points or 0.36 per cent to end at…