NEW DELHI: Bharti Airtel Thursday reported a profit of Rs 10,710 crore this Q2, up 24% from Rs 8,651 crore in same period last fiscal. Its consolidated revenue from operations rose 16.7% to Rs 60,878 crore compared to Rs 52,145 crore in the year-ago Q2. The leading telecom player’s share price closed 0.2% down at…
How Chinese siblings struck gold in the stock market A stock market debut has delivered a billion-dollar glow-up for a former elementary school teacher and his sister in China, turning them into billionaires after shares of their adhesive products company skyrocketed nearly eightfold on their first day of trading.Michael Mai, 62, who once taught at…
Tata Sons Chairman Chandrasekaran meets Italian PM Meloni after Iveco acquisition NEW DELHI: Tata Sons chairman N Chandrasekaran met Italian Prime Minister Giorgia Meloni at Palazzo Chigi in Rome, with the Indian conglomerate’s acquisition of Italian commercial vehicle maker Iveco Group featuring prominently in their discussions.The meeting comes as India and Italy look to deepen…
A buy-on-dips strategy appears favourable heading into the festive week, with strict stop-loss placed below the previous week’s low of 138,000. Gold and silver price prediction today: Gold and silver prices have recovered from recent lows but may face some upside resistance, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. Here…
Stock market extended its winning streak for the fifth consecutive session on Wednesday, with the Sensex climbing nearly 384 points to close above the 77,000 mark. Buying in blue-chip financial, FMCG and automobile stocks, continued foreign fund inflows and easing crude oil prices supported the rally. The BSE Sensex gained 384 points to settle at…
Crude prices fall below $100 per barrel Oil prices continued to ease on Thursday, with Brent crude and US West Texas Intermediate (WTI) tumbling below the $100-per-barrel threshold.Brent slipped below the $95-per-barrel mark, while WTI fell below $90, as markets continued to react to the political fallout of the US midterm elections and the possibility…
BENGALURU: A Democratic majority in Congress may shift the tone of the US immigration debate, but it is unlikely to bring immediate policy relief for Indian technology professionals or employers.Experts believe a Democratic victory could help temper anti-immigrant sentiment and the political rhetoric targeting Indian technology professionals, creating a more favourable environment for skilled immigration…
MUMBAI: Sensex rose for the fifth consecutive session on Wednesday, resulting in the benchmark index gaining 4,055 points or 5.5% during this stretch. FPIs have played a key role in this run, having turned net buyers.After a muted start to the session, the index reversed course as the US mid-term election results began pointing to…
MUMBAI: With chances of a diplomatic resolution to the US-Iran conflict rising after the Democratic sweep of the mid-term elections, oil prices dipped on Wednesday. In evening trades, Brent crude was down 2.8% at just above the psychologically important $100 level, down from $117 level last week. Falling crude prices also had a positive impact…
NEW DELHI: Industry body Ficci has sought restoration of long-term capital gains tax (LTCG) exemption on listed securities, while “appropriately” raising the securities transaction tax (STT) on delivery-based transactions to protect govt revenue.During a pre-budget meeting with revenue secretary Arvind Shrivastava on Wednesday, the industry lobby group also suggested that the regime should be maintained…
