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Nifty at record high, rises for 7th day

Dec 6, 2023

New Delhi, Dec 6 (IANS) Nifty ended at a record high rising for the seventh consecutive session on Wednesday. At close, Nifty was up 0.40 per cent or 82.6 points at 20,937.7, says Deepak Jasani, Head of Retail Research, HDFC Securities. Cash volumes on the NSE were high at Rs 1.18 lakh crore. Broad market indices rose less than the Nifty.Retail…

Adani stocks outperform Nifty over last seven days

Dec 6, 2023

New Delhi, Dec 6 (IANS) Over the past seven days, the Adani Group of Stocks has outperformed the Nifty 50. The group companies have experienced gains of between 16 per cent and 63 per cent said Vaibhav Vidwani, Research Analyst, Bonanza…

Business

Paytm expands credit distribution business, extends higher ticket loans to consumers, merchants

Dec 6, 2023

New Delhi, Dec 6 (IANS) Paytm, India’s leading mobile payments and financial services distribution company, on Wednesday said it will expand its credit distribution business in partnership with large banks and NBFCs by offering higher…

Business

Ola Electric’s net loss surges to Rs 1,472 cr in FY23 as expenses grow

Dec 6, 2023

New Delhi, Dec 6 (IANS) Bhavish Aggarwal-driven Ola Electric’s net loss nearly doubled to Rs 1,472 crore in FY23, from Rs 784.1 crore in the previous fiscal year, as expenses surged significantly.The IPO-bound electric vehicle company…

Business

Swiggy appoints Anand Kripalu as Independent Director, Chairperson of Board

Dec 6, 2023

New Delhi, Dec 6 (IANS) Online food delivery platform Swiggy on Wednesday announced the appointment of Anand Kripalu as an Independent Director and the Chairperson of its Board of Directors."Anand is a veteran in the consumer goods…

Business

Hero MotoCorp, Ather Energy join hands for 1st-ever interoperable fast-charging network

Dec 6, 2023

New Delhi, Dec 6 (IANS) Hero MotoCorp and electric vehicle manufacturer Ather Energy on Wednesday entered into a partnership for an interoperable fast-charging network in the country, touted as the first-ever interoperable fast-charging…

Business

Apple informs component suppliers to source iPhone 16 batteries from India: Report

Dec 6, 2023

New Delhi, Dec 6 (IANS) In an effort to diversify its global supply chain and move manufacturing out of China, Apple has informed its component suppliers of its preference to source batteries for the upcoming iPhone 16 from Indian…

Business

Gautam Adani now 15th richest in the world

Dec 6, 2023

New Delhi, Dec 6 (IANS) Gautam Adani, Adani Group Chairman is now the 15th richest in the world after adding more than $ 12 billion in a massive rally in Adani Group stocks.Adani was back in the list of top 20 richest people in the world in…

Business

PhonePe’s Share.Market introduces Discover section with advanced Intelligence layer

Dec 6, 2023

New Delhi, Dec 6 (IANS) Share.Market, a PhonePe product, on Wednesday launched the 'Discover' section on the platform, which will facilitate an enhanced investment experience through its cutting-edge Intelligence layer.This addition will…

Business

Centre working on small nuclear reactors technology to boost clean energy

Dec 6, 2023

New Delhi, Dec 6 (IANS) The central government on Wednesday said it is working on new technologies such as Small Nuclear Reactors to fulfill its commitment to a clean energy transition.Small capacity atomic power plants, popularly called…

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