File photo: Sanjeev Bikhchandani, founder, Info Edge BENGALURU: Info Edge founder Sanjeev Bikhchandani is set to return to an expanded executive leadership role, taking over as managing director and group CEO from Hitesh Oberoi, who is stepping down after nearly 27 years with the company, including more than 16 years as its MD and CEO.The…
The Nifty crossed its key 20-day exponential moving average (20-DEMA) level of around 22,825 during the session. It extended its gains through the afternoon as buying picked up across sectors. Realty, fast-moving consumer goods (FMCG) and select banking stocks led the advance. Indian stock markets rallied sharply on Thursday, with the Sensex rising over 900…
3 trading firms agree to pay Trump’s Truth Social for faster access US President Donald Trump’s paid social media service, Truth API, has found customers, with Bloomberg and two high-frequency trading firms paying for faster access to his posts. The service costs financial institutions up to $100,000 a month.Two sources with direct knowledge of the…
NEW DELHI: Industrial production grew 6.7% in Sept as against 6.1% expansion recorded a year ago, on account of strong manufacturing and electricity output.Sequentially, however, industrial production witnessed deceleration from a downward revised figure of 7.8% in Aug, official data released Wednesday showed. During April-Sept, the index of industrial production (IIP) grew 6.8%, compared with…
File photo: A salesman picks a bottle of Black & White blended Scotch whisky, a brand of Diageo’s United Spirits Ltd, from a shelf at a liquor store in Bengaluru, India, January 20, 2026. BENGALURU: Diageo-controlled United Spirits reported a 7.8% decline in net profit to Rs 428 crore in the Sept quarter from Rs…
BENGALURU: E-commerce company Meesho’s net loss narrowed 68% to Rs 132.4 crore in the Sept quarter from Rs 411.4 crore a year earlier, as revenue grew faster than expenses. Total income rose 31% to Rs 4,259 crore from Rs 3,254.9 crore. Revenue from operations increased 34% to Rs 4,131.6 crore. The loss was nearly unchanged…
Oil prices declined on Thursday as traders weighed the possibility of fresh diplomatic developments between the US and Iran against the risk of further supply disruptions from escalating attacks in the Middle East.Brent crude fell by $0.85, or 0.74%, to $114.50 a barrel, while US West Texas Intermediate (WTI) dropped $0.91, or 0.89%, to $101.90….
Microsoft posts $36.6 billion profit as 60,000 staff offered voluntary exits Microsoft reported a 32 per cent year-on-year rise in net income to $36.6 billion in the July-September quarter, days after announcing a voluntary buyout offer for around 60,000 employees, more than a quarter of its global workforce.India is among the four countries where the…
File photo: Cholamandalam Investment and Finance Company CHENNAI: Cholamandalam Investment and Finance Company (Chola), the financial services arm of Murugappa Group, will raise Rs 5,000 crore through qualified institutions placement (QIP). Its board gave the nod for fundraise, the company said on Wednesday. The board approved the issue of equity shares and/or eligible securities convertible…
Rupee strengthens against US dollar NEW DELHI: Rupee strengthened against the US dollar in early trade on Thursday, rising 11 paise to 95.17 after the American currency softened following the US Federal Reserve’s latest policy decision. The currency opened at 95.20 at the interbank foreign exchange market before moving higher. It had settled at 95.28…
