Buildings of Swiss banks UBS and Credit Suisse are seen on the Paradeplatz in Zurich, Switzerland. | Photo Credit: DENIS BALIBOUSE European bank bonds slumped on Monday following the state-backed rescue of Credit Suisse by UBS as a wipeout of some bondholders raised concerns around broader bank capital and also hammered bank shares. The Swiss […]
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Renault India operations Country CEO and MD Venkatram Mamillapalle, Kamarajar Port CMD Sunil Paliwal, Nissan Motor India President Frank Torres and RNAIPL’s MD Keerthi Prakash. Renault Nissan Alliance India on Monday signed an agreement with Kamarajar Port Ltd. (KPL) for export of cars manufactured at its Chennai plant to regional and global destinations. The agreement […]
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Photo used for representational purpose only. | Photo Credit: Reuters The rupee depreciated by 4 paise to 82.63 against the U.S. dollar on Monday, tracking negative sentiments in the domestic as well as global equity markets. Traders said a steep fall in crude oil prices, however, resisted the fall in the Indian currency. At the […]
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Revenue growth has been substantial and company has been on good path, says Atul Chaturvedi, Executive Chairman, Shree Renuka Sugars Ltd. Wilmar Group company Shree Renuka Sugars Ltd. (SRSL) plans to raise the production of ethanol by 25% next year as part of its drive towards green energy, executive chairman Atul Chaturvedi said. “In India the demand for ethanol is skyrocketing,” […]
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A screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters The domestic equity market on Thursday snapped the five-day losing streak as the benchmark Sensex recouped its lost ground and closed 78 points higher on fag-end value buying in banking, energy and […]
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The Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: The Hindu Falling for the third straight session, equity benchmark Sensex tanked nearly 900 points to close below the 59,000 mark on Monday due to a massive sell-off in banking, finance and auto stocks amid one of the biggest U.S. bank failures. Besides, […]
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Representational image only. | Photo Credit: AP Hyundai Motor India Limited (HMIL), said on March 13 that it has signed a ‘Term Sheet’ for the potential acquisition of identified assets related to General Motors India, Talegaon Plant, Maharashtra. The Term Sheet covers the proposed acquisition of Land & Buildings and Certain machinery and equipment for manufacturing situated […]
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Photo used for representational purpose only. File | Photo Credit: PTI Benchmark stock indices Sensex and Nifty tanked more than 1% on Friday due to heavy selling in IT, financial and oil stocks in line with weak trends in the global markets. The 30-share Sensex tanked 671.15 points or 1.12% to close at 59,135.13, as […]
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Representational image only. | Photo Credit: The Hindu The Rupee gained 24 paise to 81.73 against the U.S. dollar in early trade on March 6 amid a positive trend in domestic equities. Forex traders said foreign fund inflows also supported the local unit. At the interbank foreign exchange, the domestic unit opened at 81.85 against […]
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Maruti Suzuki India has already witnessed a production loss of close to 46,000 units due to the shortage. | Photo Credit: PTI Maruti Suzuki India expects semiconductor shortage to continue for the next few quarters leading to a further increase in order backlog of certain models, according to a senior company official. The country’s largest carmaker […]
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