Category Archives: Business
Electric auto brand Tesla Inc. says it has secured land in Shanghai for its first factory outside the United States, pushing ahead despite mounting US-Chinese trade tensions. China is the biggest global electric vehicle market and Tesla’s second-largest after the United States.
The 30- share Sensex soared 267.26 points, or 0.76 per cent, to 35,429.74. It had rallied 1,161 points in the previous three sessions. The broader NSE Nifty was quoting well above the key 10,600-mark. Nifty was up 81.70 points, or 0.77 per cent, to trade at 10,666.45. Traders said the bullish movement was in line with upbeat Asian shares, following overnight gains at the Wall Street coupled with encouraging earnings by Infosys.
Lagarde had been set to participate in the kingdom’s Future Investment Initiative conference that has been boycotted by global business and media leaders since the suspected death of Jamal Khashoggi, who was last seen at the Saudi consulate in Istanbul on October 2.
uture Retail shares ended 14% higher at Rs 494 apiece after television channels reported that Amazon was on track to buy a 7-8% stake in the Indian company. This gives Future Retail, which operates Big Bazaar and Easy Day supermarkets, a Rs 25,000-crore market value, though its 52-week record level is significantly higher.
Apple says the company is mindful of the concerns of the regulator in blocking spam, and the latest operating system provides ways to report them. The company’s method to block spam gives control in the hands of the users in line with its focus on ensuring privacy of customers.
As the equity market continued its winning run for the third straight session on Tuesday, investor wealth soared Rs 5.30 lakh crore in the rally since Friday. In the three trading sessions, the sensex gained 428.9 points. From the 30-share pack, 22 stocks ended with gains led by Mahindra & Mahindra, Adani Ports and Special Economic Zone and ONGC
The company had posted a net profit of Rs 1,010.49 crore for the same period of the previous fiscal, Hero MotoCorp said in a BSE filing. Revenue from operations for the quarter under review stood at Rs 9,090.94 crore as against Rs 8,371.74 crore in the same period previous fiscal, it added.
At the Interbank Foreign Exchange, the rupee opened on a firm note at 73.79 from Monday’s close of 73.83. During the day the domestic currency gained further ground to hit a high of 73.47 against the US dollar, driven by selling of the greenback by exporters.