New Delhi, May 22: Aluminium prices rose marginally by 10 paise to Rs 239.80 per kg in futures trade on Thursday as speculators created fresh deals amid positive trend in the spot market.Aluminium contracts for June delivery rose 10 paise, or 0.04 percent, to Rs 239.80 per kg on the Multi Commodity Exchange in a…
State-owned Oil and Natural Gas Corporation (ONGC) has reported a 35% decline in net profit for the fourth quarter of FY25, citing lower crude oil and natural gas prices as the primary reason for the downturn. The company’s net profit stood at ₹6,448 crore, down from ₹9,869 crore in the same period last year. Despite…
Stock market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after heavy drubbing in the previous session amid buying in blue-chip bank stocks and a firm trend in Asian peers. The 30-share BSE benchmark gauge Sensex bounced back in early trade and climbed 267.68 points to 81,454.12. The NSE Nifty went up…
The Ministry of Corporate Affairs (MCA) is likely to amend the Insolvency and Bankruptcy Code (IBC) to clarify that prior permission of the Competition Commission of India (CCI) is not required for submitting bids under the corporate insolvency resolution process, government sources indicated. This comes in the backdrop of the Supreme Court (SC) rejecting the winning bid…
India’s initial public offering (IPO) market is witnessing increased activity as six companies gear up to raise over Rs 11,000 crore in the month of May. The surge in IPO filings comes amid renewed investor interest and a positive market outlook, signaling a robust fundraising phase in the capital markets. According to industry sources, the…
Apple has blocked Fortnite from its App Store in the United States and the European Union, leaving the popular battle royale game unavailable on iOS devices worldwide. The move comes amid ongoing legal disputes between Apple and Epic Games, with the gaming company accusing Apple of monopolistic practices in its app marketplace. Epic Games confirmed…
Leading automobile manufacturer Maruti Suzuki has announced a significant safety upgrade for its popular models, Alto K10 and WagonR, by making six airbags a standard feature. This move aligns with the company’s commitment to enhancing vehicle safety and improving passenger protection. Maruti Suzuki has long been at the forefront of innovation and customer-centric advancements, with…
Gold prices are nearing their all-time high, with rates currently ₹2,800 away from the record peak of ₹99,358 per 10 grams. The surge follows economic uncertainty and geopolitical tensions, particularly the India-Pakistan conflict, which has driven investors toward gold as a safe-haven asset. Last week, MCX gold rates jumped over 4%, closing at ₹96,535 per…
The Taiwanese multinational semiconductor company on Friday reported a significant rise in revenue figures for April 2025, attributed to surge in demand for advanced semiconductors. TSMC posted net revenue of NTUSD 349.57 billion in April, marking a 22.2 per cent month-over-month increase from NTUSD 285.96 billion in March 2025. On a year-on-year basis the company…
The Indian rupee appreciated 16 paise to ₹84.61 against the US dollar in early trade on Friday, following a weaker dollar and an overnight decline in crude oil prices. The rupee’s rise comes after a sharp 45-paise depreciation in the previous session, which was triggered by geopolitical tensions stemming from India’s military strikes against terror…
