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Home  Business

Business

Sensex slips over 1,000 points as broad sell-off continues in Indian stocks

Sensex slips over 1,000 points as broad sell-off continues in Indian stocks

  • Air India Express strike: Air India to operate on AIX 20 routes

    “We will be operating 292 flights today. We have mobilised all resources and Air India will support us by operating on 20 of our routes,” said the airline in a statement.
  • India playing an important role in advanced manufacturing: TCS Chairman Chandrasekaran

    After two years of recessionary fears, persistently high inflation, and unprecedented monetary tightening, the global macro-outlook looks relatively better now with improving growth, disinflation and monetary easing in sight, Chandrasekaran elaborated.
  • Air India Express cabin crew goes on mass sick leave, 78 flights cancelled

    A section of our cabin crew reported sick at the last minute, starting last night (Tuesday), resulting in flight delays and cancellations.
  • Hyderabad ranks third in high street stores among top Indian cities

    The report highlights that out of the 82 per cent of stores located in the top eight cities, Hyderabad accounts for 15 per cent of them.
  • Indian airlines to carry half of country’s international traffic by 2028: Crisil

    Indian airlines are looking to capture a large portion of the growth in international passenger traffic as it is typically more profitable due to higher margins
  • Rupee rises 3 paise to 83.42 against US dollar in early trade  

    At the interbank foreign exchange market, the local unit opened at 83.43 against the greenback. It later touched 83.42 in initial trade, registering a rise of 3 paise from its previous close.
  • 279 tech firms witness global job losses of over 80,000 employees in first four months of 2024

    According to data from layoff.fyi, a platform monitoring job cuts in the tech industry, 279 tech companies have collectively laid off 80,230 employees as of May 3.
  • Bajaj Auto launches Pulsar NS400Z

    The Pulsar NS series (the NS125, NS160, and NS200) got an exciting reboot in March 2023, upgraded with a new LED headlamp, digital instrument console, and Bluetooth connectivity.
  • Nifty surges to record high; Bajaj Finance soars 6%

    In early trading, the 30-share BSE Sensex surged by 470.92 points, reaching 75,082.03, while the NSE Nifty soared by 139.5 points, hitting an all-time high of 22,787.70.
  • Rupee jumps 9 paise to 83.37 against US dollar in early trade

    According to forex traders, the Indian currency faced pressure due to the outflow of foreign funds and persistently high crude oil prices.
  • iPhone sales dip 10% in March quarter; Apple stock surges post $110 billion buyback

    Apple exceeded Wall Street's expectations, resulting in its stock rising over 6% after hours on Thursday. The company achieved an all-time high in Services revenue, reaching $23.9 billion, marking a 14% increase year-over-year.
  • Apple sees strong double-digit growth in India, plans increased production: Tim Cook

    During an analyst call following the announcement of its fiscal 2024 second-quarter results, which showed revenue of $90.8 billion, Cook noted that Apple has achieved revenue records in over a dozen countries and regions, India included.
  • BMW introduces new M4 competition M xDrive in India for Rs 1.53 Cr

    The car will be sold in the country as a Completely Built-Up (CBU) model, with bookings open at BMW dealerships and through the company's online shop.
  • Markets firm as April GST revenues reach record high

    In early trade, the BSE Sensex rose by 204.88 points to reach 74,687.66, while the NSE Nifty increased by 57.35 points to 22,662.20
  • Rupee stabilizes at 83.43 against US dollar in early trade

    Forex traders noted pressure on the Indian currency due to rising crude oil prices, but it received support from positive domestic equity market sentiment and foreign capital inflows
  • Founding family of 127-year-old Godrej Group agrees to conglomerate split

    In a statement, both sides of the Godrej family noted that the conglomerate's realignment, established in 1987, was conducted with respect and mindfulness to preserve harmony and better align ownership, recognizing the varying visions among family members.
  • May starts in Hyderabad with drop in gold prices

    As per market reports, the 24-carat gold was priced at Rs 71,510 per 10 grams on Wednesday, marking a notable decrease from its April 19 record rate of Rs 74,340.
  • Hyderabad witnesses surge in demand for luxury housing; Sales in segment rise by 10 pc

    According to ‘India Market Monitor Q1 2024’ released by real estate consulting firm, CBRE South Asia Pvt. Ltd., Hyderabad witnessed an influx of luxury apartments and a surge in demand within this segment.
  • India’s gold demand rises 8 pc in Jan-March despite soaring prices

    India's gold demand in value terms rose 20 per cent to Rs 75,470 crore during the quarter compared to the same period last year.
  • Sensex rebounds 941 pts, Nifty closes above 22,600 on buying in bank stocks, firm global trends

    Favourable global cues combined with noticeable traction in banking majors aided a positive start, which further strengthened as the day progressed," said Ajit Mishra.
  • Early trade sees market rebound with global rally; ICICI bank and Reliance drive buying

    BSE Sensex Surges 411.15 Points, NSE Nifty Rises 94.2 Points in Early Trade
  • Rupee falls 5 paise to 83.43 vs. US dollar in early trade

    The domestic unit opened at 83.39 against the greenback at the interbank foreign exchange, slipping further to 83.43, marking a 5 paise loss from its previous close.
  • Pausing ad revenue for bot-using creators on X platform: Elon Musk

    The owner of X platform commented that in some instances, people are abusing the system by spamming to earn ad revenue, which is clearly unacceptable.
  • Meta’s AR-VR market leadership bid costs billions

    In its latest quarterly results, the division of Mark Zuckerberg's company focused on AR/VR, known as Reality Labs, sustained ongoing losses.
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