Institutional investors have shown strong interest in the ongoing share offering of Life Insurance Corporation (LIC), subscribing to nearly two-thirds of the shares available by noon on Tuesday. The Indian government is looking to divest up to 6.5% of its
Wall Street has reached new record highs, driven by strong corporate earnings, despite ongoing concerns about elevated inflation, geopolitical tensions related to the Iran conflict, and the potential for an artificial intelligence-driven stock market bubble. Investors have been encouraged by
In the April-June quarter, Oil and Natural Gas Corporation (ONGC) reported a more than twofold increase in its profits, driven by higher crude oil prices and improved revenue realizations. The companys total income experienced a significant rise compared to the
Bharti Airtel announced a robust profit increase of 37.3% for the first quarter of the fiscal year, attributed to rising mobile tariffs and a strong influx of new customers across its various business segments. The telecommunications giant recorded an 18.4%
Bharti Airtel Reports Strong Q1 Results with Significant Growth Bharti Airtel, a leading telecommunications service provider in India, has announced its financial results for the first quarter of the fiscal year 2023-24, showcasing substantial growth in both revenue and net
L&T Secures ₹15,000 Crore EPCIC Contract from ADNOC Offshore Larsen & Toubro (L&T), a major Indian multinational conglomerate, has been awarded an “ultra-mega” order exceeding ₹15,000 crore (approximately $1.8 billion) from ADNOC Offshore, the offshore subsidiary of the Abu Dhabi
Spider-Man: Brand New Day Sees Significant Box Office Success Amid First Major Dip in India As of its fifth day in theaters, “Spider-Man: Brand New Day,” featuring Tom Holland, has amassed close to ₹350 crore (approximately $42 million) in gross
India to Liquidate 6.5% Stake in LIC through Share Sale, Targeting Over ₹30,000 Crore The Government of India has announced plans to sell up to 6.5% of its stake in Life Insurance Corporation (LIC) in a strategic move aimed at
The Indian rupee experienced an appreciation against the US dollar on Monday morning, bolstered by several contributing factors. Notably, a decline in global crude oil prices and a weakening of the US dollar provided a favorable backdrop for the rupees
Indias private equity and venture capital investments have exceeded $20 billion in 2023, indicating a modest decline from the previous years totals. Notably, July recorded $3 billion in investments, reflecting a consistent performance compared to the same month last year.
