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The Sensex and Nifty opened at fresh record levels in early trade today, November 19, 2024. The Sensex started trading today at 77548.00, up 208.99 points or 0.27%, and the Nifty was at 23529.55, up 75.75 points or 0.32%. Meanwhile, the Indian rupee was trading today at 84.40 against the dollar.
Reliance Power and Reliance Infrastructure have reconstituted their boards by promoting senior officials. Ashok Pal, CFO of Reliance Power, has been elevated to Executive Director. Sachin Mohapatra, CEO of Sasan Power Ltd, and Harmanjit Singh Nagi, President of Corporate Development at Reliance Power, have been appointed as additional directors on the Reliance Power board.
A ₹120 crore penthouse in Mumbai, featuring a 16,000-square-foot area, six bedrooms, a rooftop pool, and more, remains unsold despite high demand. The property’s owner, however, screens potential buyers based on social status, finances, and background, making it difficult to secure a buyer. The penthouse’s prime location and luxury amenities are not enough to close […]
An Indian-origin CEO, Daksh Gupta of AI startup Greptile, has faced death threats after his post about the company’s demanding 84-hour workweek went viral. Gupta stated that his inbox was filled with 20% death threats and 80% job applications. He acknowledged the high-stress environment but clarified that this intense work culture is temporary, aimed at […]
Spirit Airlines announced on Monday that it has filed for bankruptcy protection as part of a Chapter 11 restructuring process. The budget airline, which has lost over $2.5 billion since 2020, aims to recover from pandemic-related losses and a failed sale to JetBlue. Spirit assured customers that operations would continue as usual, with no interruption […]
State Bank of India (SBI) has raised Rs 10,000 crore through its seventh infrastructure bond issuance at a coupon rate of 7.23%. The issue, oversubscribed more than twice, attracted bids worth Rs 11,500 crore from a range of investors, including pension funds and insurance companies. The funds will support infrastructure and affordable housing projects, with […]
The Sensex and Nifty opened at fresh record levels in early trade today, November 18, 2024. The Sensex started trading today at 77845.96, up 265.65 points or 0.34%, and the Nifty was at 23644.40, up 111.70 points or 0.47%. Meanwhile, the Indian rupee was trading today at 84.39 against the dollar.
Here are the diesel prices per liter in the top cities. ★ Delhi – ₹87.62, ★ Kolkata – ₹91.76, ★ Mumbai – ₹89.97, ★ Chennai – ₹92.34, ★ Gurgaon – ₹87.65, ★ Noida – ₹87.86, ★ Bangalore – ₹88.94, ★ Bhubaneswar – ₹92.62, ★ Chandigarh – ₹82.40, ★ HYD – ₹95.65, ★ Jaipur – ₹90.36, […]
Elon Musk’s SpaceX will assist India by launching the Gsat-20 communication satellite, which weighs 4,700 kg. India’s space agency, ISRO, typically uses its LVM-3 rocket for satellites up to 4 tonnes, but since Gsat-20 exceeds that weight, ISRO has requested SpaceX’s help. SpaceX’s Falcon-9 rocket, capable of launching payloads up to 8.3 tonnes, will carry […]
RBI Governor Shaktikanta Das said that Indian economy is strong enough to handle any shocks from global events. “Growth of Indian economy presents a picture of stability and strength,” Das said. He was addressing people at the launch of Kochi International Foundation. India’s external sector is also strong and the current account deficit (CAD) remained […]
McDonald’s is investing $100 million to restore customer confidence after an E. Coli outbreak linked to Quarter Pounder burgers caused a sharp drop in sales. The investment includes $35 million for marketing and $65 million in support for franchisees. While sales fell nearly 12% in late October, recovery has started, though numbers remain below last […]
You can withdraw from your Provident Fund (PF) account for emergencies like medical needs, marriage, or home-related expenses. Partial withdrawals require five to seven years of EPF membership. To withdraw, log into the UAN portal, verify details, submit an online claim, and upload documents like Form 15G and a scanned cheque. Funds are credited to […]
Competition among banks to attract non-resident Indian (NRI) deposits is intensifying, especially in Kerala, a hub for NRI remittances. With resident Indians exploring alternative investments, banks are focusing on the NRI segment for long-term, stable funding. Federal Bank’s Shalini Warrier highlighted that NRIs seek secure, profitable avenues for their funds, making them a valuable depo...
Anil Ambani’s Reliance Group has launched the Reliance Group Corporate Centre (RGCC) as part of its 2030 growth strategy. The RGCC will act as a strategic hub, guiding the Group’s companies in exploring new opportunities and technological advancements. The core team includes Sateesh Seth, Punit Garg (CEO of Reliance Infrastructure), and K Raja Gopal (CEO […]
Zoho CEO Sridhar Vembu urged Bengaluru residents to learn Kannada, calling refusal disrespectful. Reacting to a viral post about “Hindi National Language” shirts, he emphasized respecting local cultures. Journalist Chandra Srikanth supported his views, highlighting irony in avoiding Indian languages while embracing foreign ones. The remarks fueled online debates on linguistic obliga...