Zomato shares worth Rs 1,040 cr change hands in bulk deal, Softbank likely seller

New Delhi (IANS) Nearly 9.28 crore equity shares of online food delivery platform Zomato worth Rs 1,040 crore were offloaded on Friday in a bulk deal, likely by SoftBank.

Japanese investment giant SoftBank, via its affiliate SVF Growth (Singapore)…

Gold prices rise to 3-month high on back of safe-haven demand

Mumbai, (IANS) Gold prices rose to a three-month high on Friday and were headed for a second consecutive weekly gain, on the back of a safe-haven demand due to the Middle East conflict and expectations that the US Federal Reserve was likely to pause…

Kotak Mahindra gets RBI nod to acquire Sonata Finance for Rs 537 crore

Mumbai (IANS) Kotak Mahindra has received RBI’s approval to acquire Sonata Finance for Rs 537 crore, the bank said in informed the Bombay Stock Exchange on Friday.

“We now wish to update you that the RBI has, vide its letter dated October 19,…

Suzuki eyes to make India its global electric car manufacturing hub

New Delhi (IANS) Maruti Suzuki's parent Suzuki Motor Corporation plans to make India its global electric car manufacturing hub with the first batch of vehicles expected to be rolled out as early as 2025, according to a news report.

Suzuki…

Imports of laptops, servers for sale in market not exempt from licensing in new rules

New Delhi (IANS) The government issued a notification on Thursday stating that notified IT hardware items essential for Capital Goods are exempt from import licensing requirements.

For instance, laptops/tablets accompanying machinery such as…

Israel-Hamas conflict negatively impacts market confidence

New Delhi (IANS) Nifty concluded on a downbeat tone, following the lead of the global market, with the majority of sectoral indices also doing so, said Vaibhav Vidwani, Research Analyst, Bonanza Portfolio.

The Nifty metal was down by 0.88 per…

ONGC, OIL to gain as govt cuts windfall tax on crude oil

New Delhi (IANS) The central government has reduced the windfall tax on domestic crude oil with effect from October 18 from Rs 12,200 a tonne to Rs 9,050 in its fortnightly review which will benefit upstream oil companies, including ONGC and Oil India…

Financials lead Sensex down

New Delhi (IANS) The BSE Sensex was down 246 points at 66,181 points on Wednesday. Financial stocks are down with Bajaj Finance, Bajaj Finserv, HDFC Bank, Axis Bank down more than 1 per cent.

The tragic bombing in the Gaza hospital has confounded…

Govt extends curbs on sugar exports to keep prices in check

New Delhi (IANS) The government on Wednesday extended restrictions on sugar exports beyond October 31 this year to increase availability of the commodity in the local market and keep prices in check during the festive season.

"Restriction on…

Cabinet approves up to 9% hike in MSP of wheat, other major Rabi crops

New Delhi (IANS) The Cabinet Committee of Economic Affairs on Wednesday approved the increase of up to 9 per cent in the Minimum Support Prices (MSP) for all mandated Rabi crops for marketing season 2024-25.

The absolute highest increase in…