Business

Mid-sized motorcycle maker Royal Enfield on Friday reported an 11 per cent rise in total sales at 77,583 units in August 2023.

E-commerce giant Amazon is "excited" about India market, charged by digitisation, economic growth and younger demographics.

Domestic sales rose 9 per cent to 53,830 units last month, from 49, 510 units in the year-ago period, the South Korean automaker said in a statement.

"New Rates in Effect: Delhi's 19kg Commercial LPG Cylinder Priced at Rs 1,522"

The National Payments Corporation of India (NPCI) confirmed on Thursday that the monthly transaction count on UPI has surpassed 10.24 billion, accompanied by a net transaction value of Rs 15.18 trillion.

According to Jateen Trivedi, VP Research Analyst at LKP Securities, the capital market experienced profit booking, particularly in the financial sector, which had an impact on the rupee's performance.

After a robust growth in the past two fiscals, exports of cut and polished diamonds saw a 32 per cent decline in the April-July period.

The RBI releases quarterly House Price Index based on transaction-level data received from the registration authorities in ten major cities

FMCG maker Nestle India has entered into the millets-based Ready-to-Make (RTM) market by extending its nutrition brand a+ in the category.

An Account Aggregator (AA), a RBI-regulated Non-Banking Finance Company (NBFC), helps an individual securely and digitally access and share information from one financial institution they have an account with to any other regulated financial institution in the AA network.

Sources suggest that SoftBank retains approximately 2.18% of its stake in Zomato, which it is considering selling through block deals

Adani group stocks fell on Thursday after a report from investigative reporting platform OCCRP alleged hundreds of millions of dollars were invested in publicly traded group stocks

Equity benchmark indices Sensex and Nifty witnessed volatility in early trade on Thursday and gained marginally as investors await firmer global cues and GDP numbers

The rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market

The Walmart group firm PhonePe has started 'Share.Market' with stocks and ETFs. It will gradually add future and options as well as other segments.

He also stressed that the Board's role is pivotal in establishing a robust IT and cybersecurity infrastructure and availability of requisite skills at the bank level.

Axis Bank will not impose any penalty on customers for non-maintenance of minimum balance in their accounts. Additionally, the third largest private sector bank in India will waive off all domestic charges, including debit card and ATM charges.

After the huge success of the SemiconIndia conference, the Global IndiaAI event will also catalyse India's AI landscape, said Union Minister of State for Electronics and IT, Rajeev Chandrasekhar.

In the Sensex pack, majority of the shares closed in the positive territory. Among the main gainers were Jio Financial Services which jumped 4.99 per cent, Tata Steel (2.09 per cent), Maruti Suzuki (1.87 per cent), M&M (1.31 per cent) and Infosys (1.19 per cent).

Gold price rose Rs 79 to Rs 59,345 per 10 grams in futures trade as speculators created fresh positions on firm spot demand.

Japanese company SoftBank’s SVF Growth Fund is the likely seller in this mega transaction, according to CNBC TV18.

Rising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to forex traders.

Sensex jumped 322.09 points or 0.49 per cent to 65,397.91 points while the broader Nifty rose 84.30 points or 0.44 per cent to 19,426.95 points.

Capital market regulator Sebi levied penalties totalling Rs 45 lakh on nine entities for indulging in non-genuine trades in the illiquid stock options segment on BSE.