Boeing crash jolts stock ahead of Paris show (Photo: AP) The Boeing Dreamliner crash on Thursday rattled investors’ confidence in the company’s recovery narrative. Shares of the aviation major dropped by as much as 8% in pre-market trading before settling at a loss of 4.8% and closing at $203.6. The plunge comes just days before…
NEW DELHI: Digital payments major PhonePe on Thursday trimmed its holding by selling a 5% stake in CE Info Systems, the parent company of MapmyIndia, for Rs 486 crore through an open market transaction. PhonePe is an arm of Walmart-controlled online retailer Flipkart.Following stake sale, shares of CE Info Systems plunged 9.4% to settle at…
NEW DELHI: Procter & Gamble Hygiene and Health Care on Thursday said it is cautiously optimistic on growth as FMCG trends continue to evolve and consumption patterns are still shifting. It said rural demand is showing signs of healthy recovery, while urban India, on the contrary, continues to face financial challenges. Source link
NEW DELHI: State-owned Bank of Maharashtra on Thursday reduced interest rate by up to 50 basis points on retail loans, including home, car, education and other loans linked with Repo Linked Lending Rate. Interest rate reduction by the lender is in line with RBI’s rate moderation and new rates are effective from June 10. Source…
NEW DELHI: DCM Shriram on Thursday said its board has approved a definitive agreement to acquire Hindusthan Specialty Chemicals for Rs 375 crore, marking its strategic entry into the advanced materials segment. The buyout of unlisted subsidiary of Hindusthan Urban Infrastructure is subject to regulatory approvals. Source link
Representative image (ANI) MUMBAI: Geopolitical factors, primarily talks of an imminent Israel attack on Iran, left global investors jittery, impacting those on Dalal Street on Thursday. As a result, the Sensex closed 823 points down at 81,692 points, with L&T, Infosys, and ICICI Bank contributing the most to the index’s loss for the day.The day’s…
Representative image (Picture credit: ANI) NEW DELHI: Retail inflation plummeted to a 75-month low in May as food prices eased sharply. It is expected to moderate further in June, which may prompt the Reserve Bank of India (RBI) to hit a pause in its rate-cutting cycle after undertaking a “jumbo” cut earlier this month to…
US semiconductor giant Micron Technology on Thursday announced it is expanding its domestic investment to $200 billion, supported by the Trump administration, in a major push to strengthen America’s chip manufacturing and supply chain resilience.The revised plan includes an additional $30 billion over previous commitments and features the construction of a second cutting-edge memory chip…
The rupee ended nearly unchanged against the US dollar on Thursday, rising just 1 paisa to settle at 85.52, as weakness in the greenback against major currencies offset pressure from a sharp decline in domestic equities and a rise in crude oil prices.At the interbank foreign exchange market, the rupee opened at 85.43 and moved…
India is actively engaging with China to ensure stability and predictability in trade-related supply chains, following Beijing’s recent curbs on rare earth exports that have disrupted the global automotive sector.“We are in touch with the Chinese side, both here in Delhi as also in Beijing, to bring predictability in supply chain for trade, consistent with…
