Business

Forex traders noted that the strength of the US dollar added pressure on the local unit, although declining crude oil prices limited the rupee's decline.

The company reported promising financial results, cheering investors with a PBT of 26.83 lacs for Quarter 4 alone (FY 2024 PBT Rs 9.46 lacs) compared to a full-year loss of Rs 552.15 lacs in FY 2022-23.

This strategic collaboration marks a significant milestone for MPG, enhancing its brand presence and providing a new way to connect with a diverse audience across India.

On-site roles are down 15%, while hybrid positions for entry-level roles have surged by 52% year-over-year.

Wipro announced partnership with the Centre for Brain Research (CBR) at the Indian Institute of Science (IISc) Bengaluru to develop a personal care engine.

The mall, Aparna Neo Mall and Aparna Cinemas, is set to open on May 31.

Forex traders noted that the weakness of the US dollar in overseas markets supported the rupee, but high international crude oil prices limited its gains.

The 30-share BSE Sensex surged 269.28 points to reach a record high of 75,679.67 in early trading. Meanwhile, the NSE Nifty rose 86.1 points, achieving a new all-time high of 23,043.20.

India will be the first country to locally manufacture Range Rover and Range Rover Sport, which will join Range Rover Velar, Range Rover Evoque, Jaguar F-PACE and Discovery Sport which are already locally manufactured at JLR’s facility in Pune.

The move, coming at a time when the Indian digital economy is growing at a much faster pace, is subject to receipt of regulatory and other customary approvals by both parties, the homegrown e-commerce firm said in a statement.

In early trade, BSE Sensex rises 41.65 points to 74,262.71; NSE Nifty up 20.1 points to 22,617.90.

The exports provided relief to farmers after curbs were imposed to keep domestic supplies steady ahead of general elections.

Benchmark Brent crude prices have dropped to $82.28 a barrel, down from nearly $84 last week. US West Texas Intermediate (WTI) futures are at $78.02, showing further price softening. #OilPrices #BrentCrude #WTI

Forex traders said the local unit faced some resistance due to subdued sentiment in the domestic equity market and foreign fund outflows.

The new AX5 Select variant comes with various features, including a Skyroof, Push-Button Start/Stop, and a roomy 7-seater configuration.

The 30-share BSE Sensex climbed 212.21 points to 74,165.52 in early trade. The NSE Nifty went up by 48.35 points to 22,577.40.

The company attributed the growth to GMV growth, device additions, and growth in the financial services distribution business.

RBI, in its monthly bulletin released Tuesday, asserted that their findings suggest that the interest in cryptocurrencies is driven by speculative motive rather than a means of payment for real economic transactions.

Sanjiv Puri, Chairman and Managing Director of ITC Limited has assumed office as the President of CII for 2024-25.

Instant noodle exports, or "ramyeon," hit $108.6 million in April, a 46.8 percent increase from the previous year, marking the fastest growth since May 2022, according to the Korea Customs Service (KCS).

Say move may hit realty hard which is already witnessing slump

At 9:50 a.m., the Sensex rose 120 points (0.15%) to 74,037, while the Nifty increased 36 points (0.16%) to 22,503.

According to a report released by Knight Frank India, the first four months of 2024 registered a 92 per cent year-on-year growth in this range compared to same period last year.

The 2nd edition of the CII IGBC Green Property Show is India's largest exhibition showcasing IGBC Certified green residential projects, products, and technologies, and is open to all till May 19 from 10 am to 8 pm.