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Services PMI growth declines to three-month low of 58.5 as inflation weighs
Business

Services PMI growth declines to three-month low of 58.5 as inflation weighs

Posted on: July 5, 2023

[ad_1] Growth in India’s dominant services sector declined in June as inflationary pressures intensified in both input costs and output charges, said a private survey on Wednesday. […]

PharmEasy to raise Rs 2,400 cr, Manipal Group likely to invest Rs 1,000 cr
Business

PharmEasy to raise Rs 2,400 cr, Manipal Group likely to invest Rs 1,000 cr

Posted on: July 5, 2023

[ad_1] Online pharmacy firm PharmEasy is expected to raise Rs 2,400 crore through a right issue at a 90 per cent discount to help pay back its […]

Sensex, Nifty likely to extend gains to 7th straight day
Business

Sensex, Nifty likely to extend gains to 7th straight day

Posted on: July 5, 2023

[ad_1] STOCK MARKET LIVE: Equity benchmark indices Sensex and Nifty are eyeing a start in green on Wednesday even as equities elsewhere in Asia are muted this […]

Promoters re-invested entire amount raised via secondary share sale: BYJU’s
Business

Promoters re-invested entire amount raised via secondary share sale: BYJU’s

Posted on: July 4, 2023

[ad_1] Edtech major BYJU’S on Tuesday said its promoters have re-invested the entire amount raised by them through secondary sale of shares in the company. According […]

RBI’s VRRR auction sees tepid demand as banks look for better returns
Business

RBI’s VRRR auction sees tepid demand as banks look for better returns

Posted on: July 4, 2023

[ad_1] Banks were hesitant to participate in the Reserve Bank of India (RBI’s) two-day variable rate reverse repo (VRRR) auction on Tuesday as they parked Rs. 67,295 […]

FM Sitharaman holds meet for ‘time-bound’ completion of budget schemes
Business

FM Sitharaman holds meet for ‘time-bound’ completion of budget schemes

Posted on: July 4, 2023

[ad_1] Finance Minister Nirmala Sitharaman on Tuesday met top officials of the finance and corporate affairs ministries to review the implementation of various announcements of the Union […]

Adani Electricity’s technical, commercial losses shrink to 5.93% in FY23
Business

Adani Electricity’s technical, commercial losses shrink to 5.93% in FY23

Posted on: July 4, 2023

[ad_1] Power discom Adani Electricity Mumbai on Tuesday said that its aggregate technical and commercial losses have reduced to 5.93 per cent in FY23 as against 6.55 […]

LTIMindtree to replace HDFC in Nifty Index following merger with HDFC Bank
Business

LTIMindtree to replace HDFC in Nifty Index following merger with HDFC Bank

Posted on: July 4, 2023

[ad_1] As a result of the merger between mortgage lender HDFC and HDFC Bank, LTIMindtree, the sixth-largest IT company in India, will take HDFC’s position in the […]

For advising on $64 billion HDFC Bank deal, bankers get a 0.0002% fee
Business

For advising on $64 billion HDFC Bank deal, bankers get a 0.0002% fee

Posted on: July 4, 2023

[ad_1] By Anto Antony   A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle […]

Musk, Zuckerberg lead a $852 billion surge among world’s richest people
Business

Musk, Zuckerberg lead a $852 billion surge among world’s richest people

Posted on: July 4, 2023

[ad_1] By Annie Massa and Jack Witzig   The world’s 500 richest people added $852 billion to their fortunes in the first half of 2023.   […]

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