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Sensex and Nifty Reach New Record Highs After US Fed Cuts Interest Rates by 50 Basis Points

19 Sep 2024 10:21 AM IST

The Indian stock market experienced a surge on Thursday, responding positively to the US Federal Reserve’s decision to cut interest rates by 50 basis points—the first reduction since 2020. The Nifty at the National Stock Exchange surpassed the 25,500 mark for the first time, while the Sensex at the BSE

US Fed Cuts Interest Rates by 50 Basis Points Amid Economic Uncertainty

18 Sep 2024 23:59 PM IST

The US Federal Reserve slashes interest rates by 50 basis points for the first time in four years, aiming to support the job market and control inflation. Markets react with caution as the economy navigates this pivotal shift.

Adani Group Denies Involvement in Kenya Airports Authority Proposal Approval Reports

18 Sep 2024 15:50 PM IST

The Adani Group refutes a Kenyan newspaper report claiming swift approval of its proposal for the Kenya Airports Authority, emphasizing no such statement was issued and warning against spreading misinformation.

India Among Top 3 Countries in Carbon Emission Reporting and Reduction: BCG Report

18 Sep 2024 15:42 PM IST

India has emerged as one of the top three countries in carbon emission reporting, alongside Brazil and China, according to a recent report by the Boston Consulting Group (BCG). The report indicates that 12% of Indian companies are actively reporting their emissions, surpassing the global average of 9%. The report,

Mercedes-Benz Exits Luxury EV Partnership With BYD As Chinese Automaker Takes Full Control

18 Sep 2024 14:15 PM IST

The partnership focused on developing and manufacturing luxury electric vehicles under the Denza brand, which is now fully owned by BYD.

Tupperware Brands Corp Files for Chapter 11 Bankruptcy Amid Sales Struggles

18 Sep 2024 10:58 AM IST

Tupperware Brands Corp has officially filed for Chapter 11 bankruptcy, citing ongoing challenges with declining sales and increasing competition in the kitchenware market. Founded in 1946 by Earl Tupper, the company became synonymous with food storage solutions thanks to its innovative airtight seal and popular home sales parties. However, after

India Surpasses China as Largest MSCI Emerging Market Amid Stock Market Rally

18 Sep 2024 10:49 AM IST

In a significant milestone for the Indian economy, India has officially surpassed China to become the largest market in the MSCI Emerging Markets Index. This shift, reported at the end of August, marks a pivotal moment in the landscape of global finance and underscores India’s growing prominence as an economic

India’s renewable energy investment gap

16 Sep 2024 22:49 PM IST

India's renewable energy transition hinges on significant investments and international support for meeting climate targets.

Torrent Power Commits Rs 64,000 Crore to Renewable Energy Projects, Aiming for 10 GW Capacity by 2030

16 Sep 2024 18:30 PM IST

The investment includes a 5 GW solar-wind project in Gujarat and a green ammonia production facility, creating 26,000 potential jobs.

Bajaj Housing Finance IPO Debuts at 114% Premium on BSE | Investor Caution Advised

16 Sep 2024 16:47 PM IST

Bajaj Housing Finance shares debut at Rs 150 on BSE, a 114.2% premium over the IPO price. Analysts advise caution.

Sebi faces employee protests, retracts statement on work culture

16 Sep 2024 16:07 PM IST

Sebi retracted a press release from September 4 that dismissed claims of a toxic work culture, following a protest by employees demanding its withdrawal and the resignation of Sebi chief Madhabi Puri Buch. The regulator reaffirmed that such concerns will be managed through internal channels and criticized the unauthorized release

Top 10 Oldest Currencies Still In Use Today—History Of The Indian Rupee (INR)

16 Sep 2024 14:42 PM IST

The Indian rupee has a rich history dating back to around the 6th century BCE, when ancient Indian kingdoms began minting coins.

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