The rapid formalisation of the economy is widely believed to have a short-term adverse effect on small industries and unorganised trade, which account for a pretty large part of India’s industrial output and income generation. But this has made banking services accessible to large segments of the micro, small and medium enterprises (MSMEs), and would […]
Oil prices were little changed in early Asian trade on Monday, after settling down $2 a barrel on Friday, as rising supplies in the United States and forecasts of more interest rate hikes cooled optimism over China’s demand recovery. Brent crude slid 9 cents, or 0.1%, to $82.91 a barrel by 0051 GMT. U.S. West […]
Increasing exports and reducing imports is the new way ahead for patriotism and “swadeshi”, and it will be a “new freedom” for India when not a drop of petrol or diesel is imported, Union Minister Nitin Gadkari said on Sunday. Addressing the ‘Sagar Manthan 2.0’ event organised by weekly magazine ‘Panchjanya’, the Union Minister of […]
Benchmark indices Sensex and Nifty eked out gains in volatile trade on Monday, extending the winning streak to a sixth straight day as gains in auto and IT shares offset losses in banking and FMCG stocks. Logging its longest gaining streak in four months, the 30-share BSE Sensex ended marginally up by 13.54 points or […]
Companies involved in China’s electric car industry are setting up shop in Hong Kong to leverage the city’s financial system for their global expansion, investing over $1 billion so far and creating hundreds of jobs. The world’s largest battery maker, Contemporary Amperex Technology Co. Ltd., said earlier this month it plans to open its international […]
Companies involved in China’s electric car industry are setting up shop in Hong Kong to leverage the city’s financial system for their global expansion, investing over $1 billion so far and creating hundreds of jobs. The world’s largest battery maker, Contemporary Amperex Technology Co. Ltd., said earlier this month it plans to open its international […]
Oil prices edged marginally higher on Friday, extending for a second session on strong U.S. economic data and strengthening hope that the reopening of the Chinese economy would boost demand. Brent futures gained 30 cents, or 0.3%, to $87.66 a barrel by 0113 GMT, while U.S. crude rose 21 cents to $81.22 per barrel, a […]
As the recent Berkshire-Hathaway AGM just concluded, Warren Buffett was quoted saying, ““Do not make any mistakes that take you out of the game and you should spend a little bit less than you earn or you’ll never get out of debt.” The famous billionaire has a unique approach to investing and has shared many […]
Domestic equity indices ended Tuesday’s session in the red. The top gainers of the BSE Sensex were Kotak Bank (up 1.59%), IndusInd Bank (up 1.22%), Bajaj Finance (up 0.90%), Bajaj Finserv (up 0.61%) and Larsen & Toubro (up 0.51%) while Tata Steel (down 5.23%), ITC (down 2.65%), Sun Pharma (down 1.74%), Maruti (down 1.72%) and […]
Mergers and acquisitions (M&A) have always been part and parcel of the Indian media and entertainment industry. And while 2023 saw its fair share of M&A deals, it is believed that next year will take a bigger turn with two impending deals – Zee Entertainment Enterprises Limited (ZEEL)-Culver Max Entertainment (the erstwhile Sony Entertainment), besides […]
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