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Go First extends deadline of financial bids to acquire airline, EOI submission till Jan 19

Jan 15, 2024

New Delhi, Jan 15 (IANS) In a recent development, the lenders of cash-strapped Go First have extended the deadline for financial bids to acquire the airline by January 31, a source aware of the development told IANS on Monday.Sky One, an aviation company headquartered in Sharjah, US-based NS Aviation and SpiceJet have shown interest in acquiring…

FASTags without KYC link to be deactivated after Jan 31: NHAI

Jan 15, 2024

New Delhi, Jan 15 (IANS) The National Highways Authority of India (NHAI) on Monday said that FASTags with incomplete KYC will be deactivated or blacklisted by banks after January 31, as part of its move to enhance efficiency of the…

Business

Motilal Oswal recommends buy for HCL Tech, neutral stance on Wipro

Jan 15, 2024

Chennai, Jan 15 (IANS) Broking company Motilal Oswal Financial Services Ltd has recommended that investors buy shares of HCL Technologies Ltd (HCLT) while remaining neutral on Wipro Ltd’s shares.According to Motilal Oswal, a buy…

Business

Wholesale price inflation rises to 9-month high in Dec

Jan 15, 2024

New Delhi, Jan 15 (IANS) India’s inflation rate based on the Wholesale Price Index (WPI) rose to a nine-month high of 0.73 per cent for December 2023 up from 0.26 in November, official data released on Monday showed.The country’s WPI-based…

Business

Yes Bank makes biggest market cap gain among banks in Q4 2023

Jan 15, 2024

New Delhi, Jan 15 (IANS) Yes Bank posted the highest percentage increase in market capitalization among Indian banks in the quarter ended December 31, 2023. Market capitalization for the lender rose 24.4 per cent to Rs 616.94 billion from…

Business

Artificial intelligence to affect 40% of jobs globally: IMF

Jan 15, 2024

San Francisco, Jan 15 (IANS) Artificial intelligence (AI) will affect nearly 40 per cent of all jobs around the world, according to a new analysis by the International Monetary Fund (IMF). "In most scenarios, AI will likely worsen overall…

Business

Mutual fund redemptions increased 39% in 2023

Jan 15, 2024

New Delhi, Jan 15 (IANS) Mutual fund redemptions increased 39 per cent year on year to Rs 3,323 billion, leading to a decline in net inflows to Rs 2,063 billion in calendar year CY23 from Rs 2,383 billion in CY22, Motilal Oswal Financial…

Business

Railway stocks jump up to 17%

Jan 15, 2024

New Delhi, Jan 15 (IANS) Railway stocks jumped up to 17 per cent on Monday as all round buying pushed Sensex past the 73,000 mark and Nifty beyond 22,000 mark. Railway stocks were the top gainers with IRFC up 17 per cent, RVNL up 11 per…

Business

SpiceJet receives in-principle approval from BSE for Rs 2,242 cr fund infusion

Jan 15, 2024

New Delhi, Jan 15 (IANS) SpiceJet on Monday said that it has received in-principle approval from the Bombay Stock Exchange (BSE) for the issuance of equity shares and warrants convertible into equity shares on a preferential basis. The…

Business

Sensex crosses 73k mark led by Wipro

Jan 15, 2024

New Delhi, Jan 15 (IANS) Sensex crossed the 73,000 mark on Monday led by Wipro which was up by 6 per cent.Sensex was up 532 points at 73,100.Besides Wirp, the other IT heavyweights were Tech Mahindra, Infosys, HCL Tech up more than 2 per…

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