NEW DELHI: The combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore last week, with IT majors Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent. From the …
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India’s current economic environment is conducive for private investments with the country emerging as a “bright spot” amid the challenging global environment, according to a CII survey. The pan-India survey is an ongoing initiative, which would be completed for 500 firms by the first week of February. The interim results are based on a sample of 300 firms spread across …
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NEW DELHI: State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said. The bank has already appointed merchant bankers and legal advisers for the proposed QIP, Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told PTI. “With the QIP, the …
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Getty Images Analysts have suggested it is “just matter of time” until the US ban on TikTok spreads to allied countries and beyond – if the Trump administration decides to keep it offline. The app has been switched off in America after US lawmakers ruled it was a national security risk because of owner ByteDance’s ties to the Chinese government …
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TikTok has gone offline in the US, hours before a new law banning the platform was due to come into effect. A message appearing on the app for US users said a law banning TikTok had been enacted, meaning “you can’t use TikTok for now”. The video-sharing app was banned over concerns about its links to the Chinese government and …
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BBC Emily Morris, 21, from Swindon spends around £20 a month at Chinese fast-fashion giant Shein, turning to it whenever she needs a new party or holiday outfit. “You can almost always find what you’re looking for, even if the quality is bad”, she says. Like millions in the UK and the US, she buys from the online shop mostly …
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Anne Thompson Anne and Will Thompson have adapted to their living arrangements Energy prices rising, rents soaring at 9% a year, house prices at – or close to – record highs: it is easy to see why more people are still living in the family home in their 20s. That is particularly true of adult sons still living with their …
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MUMBAI: Private banks continue to feel the pain of defaults in the microfinance segment. Kotak Bank and RBL Bank which declared their earnings on Saturday, both reported higher defaults in the microfinance segment.Kotak’s consolidated net profit for the quarter ended Dec 2024 was up 10% at Rs 4,701 crore from Rs 4,265 crore in the corresponding quarter last year. The …
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Donald Trump has said he will “most likely” give TikTok a 90-day reprieve from a ban that is due to take effect on Sunday, on the eve of his swearing-in as the 47th US president. Trump told NBC News an announcement on the matter would probably come on Monday once he takes office. It comes after the social media platform …
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NEW DELHI: HCLTech marked 25 years on January 18, since its initial public offering (IPO) with a celebratory bell-ringing ceremony at the National Stock Exchange (NSE) in Mumbai. The company went public on 11 January 2000 and has since grown into one of the largest India-headquartered global IT services firms, emerging as a leader in the IT industry.The event was …
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