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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 the same quarter last year.The stock exchange’s revenue increased by 53 per cent to a record Rs 367 crore in…

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…

Business

Riding high on October sales, automobile industry hopeful of strong sales on Dhanteras, Diwali (Ld)

Nov 11, 2023

New Delhi, Nov 10 (IANS) Riding high on the October sales of car and motorcycles, the market is upbeat on the occasion of Dhanteras, which is considered the most auspicious day in Hindu calendar for buying items ranging from precious metals…

Business

Riding high on October sales, automobile industry hopeful of strong demands on Dhanteras, Diwali

Nov 11, 2023

New Delhi, Nov 10 (IANS) Riding high on the October sales of cars and motorcycles, the market is upbeat for a blockbuster Friday on the occasion of Dhanteras, which is considered the most auspicious day in Hindu calendar for buying items…

Business

ONGC declares interim dividend as Q2 net profit surges to Rs 13,734 crore

Nov 11, 2023

New Delhi, Nov 10 (IANS) Oil and Natural Gas Corporation (ONGC) on Friday reported a 65.5 per cent year-on-year increase in consolidated net profit to Rs 13,734 crore for the July-Sept quarter of the current financial year due to a…

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