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Home  Business

Business

EMIs to get costlier as SBI hikes MCLR by 10 bps across tenors

EMIs to get costlier as SBI hikes MCLR by 10 bps across tenors

  • Sensex and Nifty surge on global rally

    Equity benchmark indices Sensex and Nifty surged in early trade on Friday, driven by a global market rally and strong buying in IT stocks and Reliance Industries. The 30-share BSE Sensex climbed 805.96 points to 79,911.84, while the NSE Nifty rose 252.05 points to 24,395.80.
  • Zerodha turns 14: CEO Nithin Kamath says it’s time to get back to playing

    "Happy Independence Day. @zerodhaonline also turns 14 today, so thank you for all the love," Kamath shared in a post on X.com. Kamath, who co-founded Zerodha with his younger brother Nikhil in 2010, also posted a video from 2018, featuring his son singing the Indian national anthem, Jana Gana Mana, while Kamath played the guitar.
  • Bengaluru: Ola Electric launches e-motorcycles, to integrate own cells in EVs by Q1 FY26

    The company launched Roadster, Roadster X and Roadster Pro electric motorcyles, with prices starting from Rs 74,999, Rs 1,04,999 and Rs 1,99,999, respectively. It also teased two upcoming motorcycles – Sportster and Arrowhead.
  • Google’s advanced AI initiatives to break down language barriers

    According to an official, the search giant is intensifying its focus on India with the introduction of advanced AI tools aimed at enhancing agricultural practices
  • Cognizant’s new campus opened in Hyderabad

    With an office space of 10 lakh sq.ft, the new campus will provide employment to around 15,000 people, making Hyderabad its largest base in the world.
  • Foxconn Chairman Young Liu meets PM Modi, discusses India investment plan

    Liu had also visited India in July last year to attend the Semicon India conclave where he met Prime Minister Narendra Modi.
  • Markets rise in early trade after two days of decline, boosted by US equity rally

    In early trade, the 30-share BSE Sensex rose by 144.92 points to 79,100.95, while the NSE Nifty increased by 57.5 points to 24,196.50. Among the 30 Sensex companies, the biggest gainers were HCL Technologies, Mahindra & Mahindra, Tech Mahindra, Tata Motors, State Bank of India, and NTPC.
  • Google launches new Pixel 9 devices with advanced AI in India

    To enhance accessibility for Pixel smartphones, Google announced the launch of three new Google-owned walk-in service centers in collaboration with Flipkart’s service arm. Additionally, Pixel products will now be available in over 150 retail outlets across 15 cities, expanding the company's local retail presence.
  • Rupee rises 7 paise to 83.90 against US dollar in early trade

    Forex traders noted that the US dollar weakened against major currencies following a softer-than-expected US Producer Price Index (PPI) report, making the Dollar Index susceptible to further correction. In the interbank foreign exchange market, the rupee opened at 83.90 against the dollar, gaining 7 paise from its previous close.
  • Starbucks names Brian Niccol as new CEO

    Narasimhan has stepped down as CEO and from the Starbucks board "with immediate effect," the company announced on Tuesday. The leadership change comes as Starbucks seeks to revitalize its business amid recent broad-based sales declines.
  • Quantum AI Global, Q-CTRL enter into strategic partnership to advance Quantum Technology in India

    The global quantum workforce is drastically understaffed, as evidenced in a McKinsey report predicting that less than half of projected quantum computing jobs will be filled by 2025.
  • India’s 5G smartphone market share surges 77 pc in Q2

    Nearly 27 million 5G smartphones were shipped in the April-June quarter.
  • Majority of Adani Group firms rebound; shares of Adani Energy jumps 6%

    Shares of Adani Wilmar went up 2.15 per cent, ACC (1.93 per cent), Adani Power (1.74 per cent), Adani Ports (1 per cent) and Ambuja Cements (0.43 per cent).
  • Silver prices surge Rs 682 to Rs 81,225 per kg on strong spot demand

    On the Multi Commodity Exchange, September silver contracts rose by Rs 682, or 0.85%, to Rs 81,225 per kg in 28,366 lots. Analysts attributed the price increase to new positions taken by participants in response to a positive domestic trend.
  • Gold prices up Rs 87 to Rs 69,982 per 10g on strong spot demand

    On the Multi Commodity Exchange, October gold contracts rose by Rs 87, or 0.12%, to Rs 69,982 per 10 grams, with a turnover of 17,282 lots. Analysts noted that the price increase was driven by new positions taken by participants.
  • Adani group stocks plunge; Adani Energy drops 17%

    On the BSE, Adani Energy Solutions fell 17%, Adani Total Gas dropped 13.39%, NDTV plunged 11%, and Adani Power declined 10.94%. Other notable declines included Adani Green Energy at 6.96%, Adani Wilmar at 6.49%, Adani Enterprises at 5.43%, Adani Ports at 4.95%, Ambuja Cements at 2.53%, and ACC at 2.42%.
  • Rupee trades in narrow range against US dollar in early trade

    Forex traders noted that the 84.00 level is serving as a psychological resistance for the USD/INR pair. Market participants are also waiting for cues from the Indian CPI inflation and IIP data, which are set to be released later today.
  • Markets decline in early trade; Adani stocks slump

    Sensex down 375.79 points to 79,330.12, Nifty drops 108.25 points to 24,259.25
  • Come clean on clients of consulting firms, Hindenburg to SEBI chairperson Madhabi Buch

    Short-seller, in series of posts on X, says Buchs' response includes several important admissions and raises numerous new critical questions
  • Amazon Web Services to expand in Hyderabad

    Amazon already has a strong presence in Telangana which includes their largest corporate building in the world in Hyderabad.
  • Adani terms Hindenburg allegations malicious, manipulative of selective public info

    Says allegations are no more than red herrings thrown by desperate entity with total contempt for Indian laws
  • Our life, finances an open book: Sebi chief, husband deny Hindenburg allegations

    Say it is unfortunate that short-seller, against whom Sebi has taken action and issued show cause notice, has chosen to attempt character assassination in response
  • Hindenburg alleges SEBI head had stakes in obscure offshore funds used in Adani scandal

    It went on to cite the Supreme Court order where it was recorded that Sebi had "drawn a blank" in its investigations into who funded Adani's offshore shareholders.
  • After dubious US deals, investors start doubting Telangana government’s capabilities

    The battery maker had signed a MoU with the previous BRS government for investing 9,500 crore, for setting up research and development and a Greenfield manufacturing facility for Lithium-Ion battery-making in Telangana
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