The 30-share BSE Sensex climbed 305.44 points to 66,479.64 in early trade after beginning the day on a positive note.
ITC said on Monday it would spin off the hotel business, separating it from its cigarettes and food units, but retain a 40% stake in the entity, with ITC shareholders holding the rest.
The yield on benchmark 10-year government bonds shot up by 12 basis points to 7.34 per cent, the highest level since March 23. The benchmark Sensex rose by 0.55 per cent, or 364 points, to 65,995.63.
Arjun Mohan was part of the BYJU’S founding team and was the Chief Business Officer in his previous stint.
Tesla has started discussions with the Indian government for an investment proposal to set up a car factory in India, with an annual capacity of as many as 500,000 electric vehicles.
The report reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the Indian financial system.
Tweaking of PLI tenure on the table; Incentives for white goods PLI will start flowing in the last quarter of FY24: Secretary
IndiGo on Wednesday announced the launch of its direct air services to Uzbekistan and Kazakhstan in Central Asia from Delhi next month.
At the interbank foreign exchange, the rupee opened at 83.28 against the dollar and then touched a low of 83.30, and a high of 83.27 against the greenback.
Foxconn and Vedanta signed a pact last year to invest $19.5 billion to set up semiconductor and display production plants in the western state of Gujarat, seeking to tap into the country’s plans to become an electronics major.