Business News Live: Hello and welcome to ABP Live’s Business LIVE blog. Please follow this space for all the breaking news and latest updates from the Stock Market, economy, and the corporate world. The stock markets last week oscillated back and forth and finally settled in green, after recovering the losses made on the last … Read more
Tata Group To Move To 70 Per Cent Green Energy By 2030, Says N Chandrasekaran Tata Group said on Saturday that it plans to transition to 70 per cent renewable energy by the end of the decade. Addressing the XLRI-Xavier School of Management convocation in Jamshedpur, N Chandrasekaran, Chairman, Tata Sons, said, “Nation-building impulse is … Read more
TCS Shares Dip 3% As Tata Sons Divests 0.65% Stake Tata Consultancy Services (TCS) witnessed a significant drop of over 3 per cent in its share value during Tuesday’s morning trade, as Tata Sons, its promoter, offloaded approximately 2.3 crore shares, representing a 0.65 per cent equity stake in the IT services giant, through block … Read more
IDBI Capital Markets & Securities Settles Stock Broker Violation Case With SEBI IDBI Capital Markets & Securities paid Rs 13 lakh in settlement charges to markets regulator, SEBI, regarding alleged violations of stock broker norms. The firm opted to settle the instant proceedings started against it, without admitting or denying the findings in the matter. … Read more
SEBI Issues Relaxation In Norms For FPIs The Securities and Exchange Board of India announced on Friday a relaxation in norms for Foreign Portfolio Investors (FPIs). The markets regulators said that it is exempting additional disclosure requirements for FPIs with over 50 per cent of their India equity assets under management in a single corporate … Read more
Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images The U.S. Federal Reserve, meanwhile, is expected to begin cutting interest rates in June, potentially supplying a further boon to high-growth tech stocks. The sheer scale and narrow nature of the bull … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve’s … Read more
An Egyptian man sits and eats ice cream as he watches international cargo and tanker ships pass through the Suez canal Scott Nelson | Getty Images The companies are among the world’s largest operators of tankers for petroleum products such as gasoline, according to their websites. Stena Bulk also transports crude oil. “Considering these developments … Read more
Wed, Dec 13 2023 3:19 PM EST ‘History will not be kind’ to current central bank officials: investing officer The Federal Open Market Committee will not be looked back on positively after the central bank did not push back on market expectations for cuts next year, said Brad Conger, deputy chief investment officer at Hirtle … Read more