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Category: Business Updates

Business Updates

Markets log fourth day of rally on buying in HDFC Bank

March 13, 2023By businessreputationdata

The Nifty advanced 36.15 points or 0.18 per cent to end at 19,611.05.

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Business Updates

Inflation sticky but off 15-month high, factory output shows uptick

March 13, 2023By businessreputationdata

Meanwhile, factory output grew to a five-month high of 5.7 per cent in July due to strong performance of manufacturing, mining and electricity sectors, separately released data by NSO showed.

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Business Updates

GST collection rises 10 pc to over Rs 1.62 lakh cr in Sep

March 11, 2023By businessreputationdata

The revenue in September 2023 was 10 per cent higher than the GST revenue of Rs 1.47 lakh crore in the same month last year, the finance ministry said in a statement.

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Business Updates

Bajaj Auto September sales down 1% at 3,92,558 units

March 11, 2023By businessreputationdata

Bajaj Auto Ltd on Tuesday reported 1 per cent decline in total sales at 3,92,558 units in September 2023 compared to the same month last year.

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Business Updates

India’s exports decline 2.83 pc to USD 33.9 bn in Nov: Govt data

March 10, 2023By businessreputationdata

During the April-November period of this fiscal year, exports contracted by 6.51 per cent to USD 278.8 billion.

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Business Updates

Mcap of four of top 10 most-valued firms rise Rs 65,671 crore; Reliance biggest winner

March 9, 2023By businessreputationdata

While Reliance Industries, HDFC Bank, ICICI Bank, and Bharti Airtel were the gainers, Tata Consultancy Services (TCS), Infosys, Hindustan Unilever, ITC, State Bank of India, and Bajaj Finance faced erosion in valuation.

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Business Updates

Cabinet clears telecom Bill with relaxations on OTT regulation

March 8, 2023By businessreputationdata

The Bill, however, is unlikely to be introduced in the ongoing session of Parliament.

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Business Updates

India’s forex kitty swells by $12.74 billion to $609.02 billion

March 8, 2023By businessreputationdata

The letter, signed by the investors said that the tax decision will erode investor confidence in the backing of this or any other sunrise sector in the Indian tech ecosystem

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Business Updates

Tata Motors buys 27% stake in Freight Tiger

March 4, 2023By businessreputationdata

The securities subscription agreement (SSA) also includes a provision enabling Tata Motors to further invest Rs 100 crore over the next two years, at the then prevailing market value. ‘Freight Tiger’ is a digital platform that provides end-to-end logistics value chain solutions for cargo movement in the country.

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Business Updates

Unicorn drought ends: Zepto raises $200 mn

March 3, 2023By businessreputationdata

Of the $200 million raised, $105 million came from StepStone Group ($75 million) and Goodwater Capital ($30 million). The remaining $95 million came from existing investors Nexus Venture Partners, Glade Brook Capital and Lachy Groom.

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