📰 Latest Economy & Stock Market News
Wall Street hits records as Tesla surges; focus on Fed meeting
Updated at : 2021-11-02 09:20:01

Tesla shares jumped 8.5%, helping lift the S&P 500 consumer discretionary sector about 1.5%.

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Buy Coal India, target price Rs 181: Yes Securities
Updated at : 2021-11-02 09:20:01

Coal India Ltd. key Products/Revenue Segments include Other Operating Revenue and Coal for the year ending 31-Mar-2021.

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Carlyle, SoftBank to part-sell stake in Delhivery IPO
Updated at : 2021-11-02 08:20:01

Delhivery’s initial public offering (IPO) may see a Rs 2,000-Rs 2,500 crore secondary share sale by existing investors Carlyle, Fosun, SoftBank Vision Fund and Times Internet, people with direct knowledge of the development said. The new-age logistics and supply chain company, which is expected to file its draft IPO papers in the next few days, is looking to raise primary capital of about Rs 5,000 crore from its public issue.

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BlackRock looks to power Tata's green business
Updated at : 2021-11-02 08:20:01

BlackRock chairman and CEO Larry Fink is closing in on an investment $500-750 million (₹3,750-5,625 crore) in Tata Power Renewable Energy Ltd (TPREL), said people with knowledge of the matter.

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Apple's India profit rises 32% as sales volumes surge
Updated at : 2021-11-02 08:20:01

Apple India posted revenue from operations, or actual sales, of Rs 22,845 crore, crossing the $3 billion mark, for the year. The growth in fiscal 2021 was the fastest in five years, and analysts said the pace had quickened further in the first half (April-September) of this fiscal year.

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RIL team among five bidders in race for Sintex Industries
Updated at : 2021-11-02 08:20:01

Sintex Industries Ltd, which is undergoing a corporate insolvency and resolution process, had received 16 expressions of interest including bids from foreign fund CarVal Investors and Varde Capital-backed Aditya Birla Asset Reconstruction Company.

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Elon Musk is now three times richer than Warren Buffett
Updated at : 2021-11-02 08:20:01

Elon ​Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York.

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IOC to pump in Rs 3,681 cr for Panipat facility
Updated at : 2021-11-02 08:20:01

The plant will have a capacity to produce 120 kilotonnes per annum of MAH that is used to make specialty products like polyester resins and surface coatings plasticisers, agrochemicals and lubricant additives.

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Stocks in the news: Airtel, HDFC, TaMo, Yes Bank, Maruti and Hero Moto
Updated at : 2021-11-02 08:20:01

Bharti Airtel, Sun Pharma, Dabur, Godrej Properties, Hindustan Petroleum, Jindal Steel, Trent, Union Bank of India, Bank of India and Radico Khaitan are among the companies that will announce their September quarter results today.

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Banks’ NIM may be a casualty in battle for retail borrowers
Updated at : 2021-11-02 07:20:01

Five of the seven state-owned banks that have announced their quarterly earnings so far have reported lower NIM for the September quarter. These banks, however, managed to report a rise in net profit largely on account of bad loan recovery and write-back of provision made in earlier quarters.

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