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India Inc’s investment activity limited to some pockets: Bank of Baroda

Nov 11, 2023

Chennai, Nov 11 (IANS) Investment activity by the India Inc is not yet broad based but limited to some pockets, states a research study by Bank of Baroda. According to the report, from the financing point of view, it is uncertain whether or not investment has picked up or not in the current year.Bond issuances or borrowings from banks by large…

Cocoa prices at highest level since 1978

Nov 11, 2023

New York, Nov 11 (IANS) Cocoa prices topped $4,000 per tonne in New York on Friday, the highest since 1978, as the outlook of poor crop harvests across West Africa has been a bullish factor pushing prices higher this week.There is also an…

Business

Indian equities can deliver double digit returns in 2-3 years: Axis Securities

Nov 11, 2023

New Delhi, Nov 11 (IANS) Indian equities can readily deliver double-digit returns in the next two-three years with the support of double-digit earnings growth, says Pranav Haridasan, MD and CEO, Axis Securities. Amid a volatile global…

Business

BSE posts 4-fold jump in Q2 net profit

Nov 11, 2023

Mumbai, Nov 11 (IANS) BSE, the country’s leading stock exchange, has posted a four-fold jump in net profit at Rs 118.4 crore for the July-September quarter of the current financial year. The exchange had made anet profit of Rs 29.4 crore in…

Business

US one step closer to losing last AAA credit rating

Nov 11, 2023

New York, Nov 11 (IANS) The US is one step closer to losing its last perfect credit rating after Moody’s Investors Service changed the outlook of the nation’s debt to negative.While the move does not automatically mean it will downgrade the…

Business

Pakistan stock market hits all-time high

Nov 11, 2023

Karachi, Nov 11 (IANS) The Pakistan Stock Exchange (PSX) had jumped past the 55,000 barrier, setting a new milestone.On Friday, the benchmark KSE-100 index reached an intraday high of 55,506.32 points, Geo News reported.According to Arif…

Business

Tech firms & startups sack about 2.5 lakh employees so far in 2023

Nov 11, 2023

New Delhi, Nov 11 (IANS) Nearly 2.5 lakh employees have been laid off so far this year in the global technology and startup sector, as the tech layoffs continue unabated for the past two years.Nearly 1,106 tech companies have sacked 248,974…

Business

Warren Buffett privately traded in stocks that Berkshire was buying & selling: ProPublica probe

Nov 11, 2023

San Francisco, Nov 11 (IANS) Ace billionaire investor Warren Buffett traded stocks in his personal account on at least three occasions before his company Berkshire Hathaway bought or sold the same stocks, a ProPublica investigation has…

Business

FPI selling which started in Sep showing no signs of reversing in Nov

Nov 11, 2023

New Delhi, Nov 11 (IANS) The FPI selling trend which started in September continued in October and is showing no signs of reversing in November even though the intensity of selling has come down this month, says V.K. Vijayakumar, Chief…

Business

LG Energy Solution, Ford scrap plan to build EV battery plant

Nov 11, 2023

Seoul, Nov 11 (IANS) LG Energy Solution Ltd (LGES), South Korea's top battery maker, said on Saturday its plan to build a battery plant in Turkey with Ford Motor has been scrapped as a Turkish partner revoked its participation in the…

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