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Adani Group agrees to buy remaining stake in Quintillion Business Media

Quint Digital Media is the parent group of Quintillion Business Media. Adani Group already has a 49% stake in Quintillion Business Media.

EU naval forces participate in Indo-Pacific security seminar in Mumbai

Atalanta Deputy Commander, Italian Rear Admiral Giovanni Galoforo, participated in the seminar that was co-organized by the Italian Embassy in India

Goldman Sachs pencils in first Federal Reserve rate cut for Q2 of '24

Fed policymakers in March 2022 began ramping up their target for the benchmark rate to a range of 5.25 per cent to 5.5 per cent

Australian court fines Dell unit $6.5 mn for misleading customers

Dell has been penalised for making misleading representations on its website about discounts for add-on computer monitors

Boeing front-runner to secure order for widebody jet from IndiGo: Report

IndiGo is in talks to buy Boeing's 787 family of twin-aisle aircraft which has been pitted against Airbus' A330neo jets, said the sources who are familiar with the matter

Sebi proposes alternate mechanism to delist shares from stock exchanges

In addition, SEBI suggested a framework for companies that have shares held by investment-holding companies

Aster DM posts 93% fall in Q1 profit on new hospital losses, taxes

Aster DM's new hospitals, including Aster Royal Hospital Muscat and Aster Narayanadri Tirupati, reported losses of Rs 2900 cr for the June quarter, the company said

Rupee slips to 10-month low on dollar strength, RBI likely capped losses

The rupee ended at 82.9500 to the U.S. currency compared with a previous close of 82.8450

Global currency markets stabalises after yen hits lowest level since Nov

The dollar hit a one-month high against a basket of other major currencies as investors sought a safe haven on concerns about China's economy, but then eased

Oil stabilises as China economic worries counter OPEC+ supply cuts

Brent crude futures slipped 35 cents to $86.46 a barrel by 1027 GMT while U.S. West Texas Intermediate crude edged lower by 38 cents to $82.81 a barrel

'Bad bank' sees loan transfers dwindle on valuation, liability woes: Report

NARCL, which started in July 2021 to buy 2 trillion rupees in bad loans, has bought 213.5 billion rupees of such loans as of July 17, according to a government statement to parliament

Divi's Labs reports 49.2% loss in Q1 on back of drug pricing pressures

The company reported a consolidated profit of Rs 35,600 crore ($42.9 million) for the first quarter ended June 30, compared to Rs 702 crore a year ago

MRPL to phase out exports in next 2-3 years as it adds retail outlets

MRPL's exports, previously 2-3 cargoes each of diesel and jet fuel monthly, have suffered in the last six months as maintenance shutdowns at other refiners raised demand for its fuel

Indian rupee falls, caught between dollar rally and likely RBI intervention

The rupee was at 82.9250 to the dollar by 11:02 a.m. IST, down from 82.8450 on Friday

Stock markets trade in red on weak industrial output, global cues

Metal stocks were the top drag, falling about 2%, while auto, public sector bank index were down over 1%, each

Govt plans to roll out welfare measures for gig workers ahead of elections

The government has not calculated the cost of the planned welfare measures as it must get data from the companies

Bond market sees no end to tumult as Federal Reserve casts a hawkish shadow

That uncertainty, along with an increase in new debt sales as the federal government contends with mounting deficits, has weighed on the bond market

SoftBank Group in talks to acquire Vision Fund's 25% stake in Arm

The discussions come as Softbank is preparing to list the chip designer on Nasdaq next month at a valuation of $60 billion to $70 billion

India's rice planting accelerates with revival of monsoon rains, shows data

Crop-nourishing monsoon rains picked up in July and August, allowing farmers to plant 32.8 million hectares (81 million acres) with rice by Friday, up 5.1 per cent from the same period last year

'A ticking time bomb', says US President Joe Biden on China's economy

The United States, the world's largest economy, has fought high inflation and seen a robust labor market