Month: February 2023

Shares of SpiceJet moved higher by 15 per cent to Rs 40.75 on the BSE in Friday’s intra-day trade after the company’s standalone net profit jumped five-fold to Rs 107 crore in the December quarter (Q3FY23). It had posted profit of Rs 23.28 crore in the year ago quarter (Q3FY22). …

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Bearish global mood drove domestic equity markets lower in Wednesday’s intra-day trade, as investors awaited February minutes’ reading from the Reserve Bank of India (RBI), and the US Federal Reserve (US Fed).While the benchmark index Nifty50 crashed over 250 points to hit a low of 17,529 level, the S&P BSE …

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India and Singapore linked their systems that enable real-time money transfers between the two nations, as countries in the region seek to bring down barriers to the quick movement of funds. Reserve Bank of India’s Governor Shaktikanta Das initiated the first transaction with his counterpart Managing Director Ravi Menon, according …

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India’s Ola Electric Mobility Pvt. plans to build what it says will be the world’s largest electric vehicle hub with an investment of Rs 7,610 crore ($920 million) to localize the supply chain for cleaner transport.The hub, spanning 2,000 acres (809 hectares) in the southern Indian state of Tamil Nadu, …

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Google India has fired 453 employees from various departments. The news came in late Thursday night from sources, as reported by Hindu Business Line. The report added that an email was sent out by Sanjay Gupta, country head and vice president, Google India, to the concerned employees. Last month, Alphabet …

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Air India’s order with European giant Airbus and USA’s Boeing is for 840 planes, out of which the firm order is for 470 planes and the remaining 370 are options, said Nipun Aggarwal, the airline’s chief commercial and transformation officer (CCTO), on Wednesday. The airline on Tuesday said it has …

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Billionaire Anil Agarwal‘s commodities giant has slashed net debt by $2 billion in the current financial year as it seeks to soothe investor concern over its liquidity and ability to repay upcoming obligations. Vedanta Resources Ltd. has achieved half of its three-year planned reduction commitment of $4 billion in the …

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India’s annual Wholesale Price-based Inflation (WPI) eased to 4.73 per cent year-on-year (YoY) in January, the eighth straight month of decline. This is the lowest figure in 24 months. In December 2022, the WPI-based inflation was 4.95 per cent and in November, it was 6.12 per cent. Inflation in food …

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