Stocks rose as investors cheered data showing the number of Americans filing claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high toward the end of November.

Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL’s Angul steel plant in Odisha, making the acquisition synergistic, the people cited above said.

Essar is offering ₹1,600 crore to settle ₹4,500 crore of loans taken for the Salaya plant in Gujarat’s Jamnagar district, effectively giving banks a recovery of about 36% on their dues. Banks as well as Essar officials are working out legal and other details to complete the settlement, multiple persons Continue Reading

Elon Musk’s takeover of Twitter may also be weighing down the shares of Tesla. The electric car maker’s shares have slumped more than 47% since Musk on April 14, 2022, announced the intention to buy out Twitter. Tech giants such as Apple, Microsoft, Alphabet, and Nvidia have fallen between 12% Continue Reading

In FY22, corporate India’s profitability surged to multi-year highs, driven by a sharp drop in global commodity costs due to a fall in demand during the pandemic, along with strict cost-efficiency measures undertaken by corporates. The gross margin for the Motilal Oswal universe, excluding financials, is expected to drop to Continue Reading

“There are opportunities to move up the ladder, to be among the top three in the world, and its realisation would depend on certain metrics, including economic performance in terms of absolute GDP and absolute per capita income instead of the purchasing power parity (PPP) comparison,” he said at CII Continue Reading

Speaking at the CII Global Economic Policy Summit, he said the product will boost liquidity in the infrastructure sectors. “On December 19, our ministry is launching India’s first-ever surety bond insurance product…that is going to give a good relief to the contractors,” he said.

The Dow Jones Industrial Average rose 98.05 points, or 0.29%, to 33,695.97 at the open

A sweeping victory for the Bharatiya Janata Party in Gujarat assembly elections did little to lift the mood in Dalal Street, as the hawkish view of RBI on inflation Wednesday played on the minds of investors

TCS (Rs 9,548 crore), Infosys (Rs 5,795 crore), HDFC Bank (Rs 4,108 crore) and Bajaj Finance (Rs 3,614 crore) were the other top wealth creators on the list. Adani Transmission, which made investors richer by Rs 2,538 crore during the last 5 years, is the only Adani group stock in Continue Reading