Business

"He was truly a moral compass for me during times of ambiguity and confusion regarding ethical issues," the 78-year-old remarked. After honoring Tata in 2020, the software icon bent down to touch his feet and sought his blessings.

Speaking at T-Hub, India's largest incubation center, Tata reflected on his upbringing in an environment where ideas were often dismissed. He noted that bosses and managers would typically respond politely, insisting that individuals needed to gain experience on the shop floor before sharing their ideas.

Traders noted that market participants are keenly awaiting the Q2 earnings season, starting with Tata Consultancy Services, which is scheduled to release its results later today. In early trade, the 30-share BSE Sensex rose by 309.85 points or 0.38% to 81,776.95, while the NSE Nifty gained 90.70 points or 0.36% to reach 25,072.65.

Forex experts noted that rising global oil prices and significant foreign fund outflows limited further recovery of the domestic currency. At the interbank foreign exchange, the rupee opened at 83.95, up by just 1 paisa against the US dollar, and remained mostly flat in early trading.

The RBI opted for a status quo despite the US Federal Reserve's decision to lower benchmark rates by 50 basis points last month. Additionally, several central banks in developed nations have also reduced their interest rates.

Purchases in banking and IT stocks contributed to the positive market trend. The 30-share BSE Sensex rose by 123.45 points, or 0.15%, to reach 81,758.26 in early trade. Meanwhile, the NSE increased by 39.65 points, or 0.16%, to 25,052.80.

Most major central banks have shifted towards rate cuts, with the US Fed recently lowering rates by 50 basis points. Meanwhile, the RBI has kept its accommodative stance. The focus now turns to whether the central bank will transition from this accommodative position to a more neutral approach.

The latest to highlight what could be described as a tragic dwindling of real estate market fortunes in the city is the ‘Real Insight Residential Report’ by PropTiger.com.

Under this partnership, GMR Aero Technic, will conduct engine core wash services using technology developed by Lufthansa at the Kempegowda International Airport in Bangalore beginning Q4 2024.

In a stock exchange filing, the EV company admitted that it has received a show-cause notice from the Central Consumer Protection Authority

Later, both the benchmark indices faced volatility and were trading with marginal gains

The merger aims to make premium-free entertainment accessible to a larger audience.

In early trading, the BSE Sensex rose by 292.29 points, or 0.36%, reaching 81,980.74. Meanwhile, the NSE Nifty increased by 54.55 points, or 0.22%, to hit 25,069.15.

The rise in the country's foreign exchange reserves to a record high of USD 704.88 billion on Friday has further strengthened the domestic currency, according to forex traders.

Since touching all-time high, company's share is trading 42-43% lower amid innumerable hardware and software issues with its e-scooters and poor conditions at its service centres

Minister Vaishnaw highlighted a recent roundtable in New York where Prime Minister Narendra Modi met with leading tech CEOs. He noted that three top executives expressed they had not witnessed such enthusiasm for any country in the past 35 to 40 years.

IndiGo Airlines announced a temporary system slowdown affecting its website and booking system across the network. This may lead to slower check-ins and longer queues at airports. The airline assured customers that efforts are underway to restore normal operations as soon as possible, according to a travel advisory posted on X.

Gold prices saw a slight increase on Saturday, with the cost of 24-carat gold reaching Rs 7,785.3 per gram in morning trading, reflecting a rise of Rs 120. Meanwhile, 22-carat gold was priced at Rs 7,138.3 per gram, up by Rs 110 compared to Friday.

For the fifth consecutive day, the BSE Sensex fell by 354.67 points, closing at 82,142.43. The NSE Nifty also declined, dropping 114.1 points to 25,136. Among the 30 Sensex companies, the major laggards included Bajaj Finance, Asian Paints, NTPC, UltraTech Cement, State Bank of India, and Bajaj Finserv.

Forex traders noted that subdued sentiment in the domestic equity markets, along with significant foreign fund outflows over the past three days, hindered any recovery in the rupee. In the interbank foreign exchange market, the local currency opened at 83.96 against the US dollar but was unable to recover from the sharp decline experienced in the previous session.

New Apple retail stores are set to open in Bengaluru, Pune, Delhi-NCR, and Mumbai, although no timeline has been established yet. Deirdre O’Brien, Apple’s senior vice president of Retail, expressed excitement about expanding their presence in India, stating, "We are inspired by the creativity and passion of our customers across this country as we build our teams for more store openings."

The BSE Sensex plummeted 1,264.2 points to 83,002.09 in early trading, while the NSE Nifty fell 345.3 points to 25,451.60. Among the 30 Sensex companies, major laggards included Tata Motors, Asian Paints, Larsen & Toubro, Axis Bank, Mahindra & Mahindra, Reliance Industries, Maruti, Kotak Mahindra Bank, ICICI Bank, and HDFC Bank.

The continued outflow of foreign funds from capital markets and a stronger U.S. dollar put pressure on the Indian currency, according to forex traders. At the interbank exchange, the rupee opened at 83.91 and slipped further to 83.93 against the dollar, trading 11 paise lower than the previous session's close.

ATF price cut by Rs 5,883 per kilolitre, or 6.29 per cent, to Rs 87,597.22 per kl in the national capital, according to state-owned fuel retailers