NEW DELHI: The State Bank of India has sought a loan of $1.25 billion, potentially making it the largest dollar-denominated bank loan from the country’s financial sector in 2024, Bloomberg reported on Friday quoting sources.The loan is being raised for general corporate purposes through its branch at the Gujarat International Finance Tec-City.SBI is yet to…
Alex Jones (Picture credit: AP) The Onion, a satirical publication, acquired Infowars, the website founded by conspiracy theorist Alex Jones, in a bankruptcy auction on Thursday. The Onion‘s bid was supported by families of the Sandy Hook Elementary School shooting victims.In 2022, the families won a $1.4 billion defamation lawsuit against Jones and his company,…
The equity markets opened on Thursday with with a slight dip as selling pressure persisted in both primary indices but later saw a rise during early trade.The BSE Sensex opened at 77,636.94, declining by 54.01 points or 0.07 per cent while Nifty 50 began trading at 23,542.15 points, a dip of 16.90 points or 0.07…
WASHINGTON: US consumer prices increased as expected in October, and progress towards low inflation has slowed since mid-year, which could result in fewer interest rate cuts from the Federal Reserve next year. The consumer price index rose 0.2% for the fourth straight month, the Labor Department’s Bureau of Labor Statistics said on Wednesday. In the…
Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant. Prosus and its controlling shareholder Naspers Ltd. have invested $1.3 billion building a 31% stake in Swiggy…
India’s collective renewable energy capacity saw an annual surge of 24.2 GW or 13.5 per cent aligning with India’s ambitious targets in the field of renewable energy sector, reaching 203.18 GW in October 2024 as compared to 178.98 GW in the corresponding period last year, as per an official statement ministry of new and renewable…
NEW DELHI: Indian equity markets gained ground on Tuesday, with the BSE Sensex rising by 148.80 points, or 0.19%, at 79,644.95, while the Nifty50 advanced 69.05 points, or 0.29%, at 24,210.35. The upward trend followed a cautious start to the week on Monday when global cues, foreign institutional investor (FII) selling, and muted quarterly earnings…
NEW DELHI: India’s gaming market is expected to reach $ 9.2 billion by 2028-29, driven by a rise in advertisement revenue and in-app purchases, venture capital firm Lumikai said in a report on Monday. The VC firm’s ‘State of India Interactive Media and Gaming Report’ said the Indian gaming market grew by 23 per cent…
NEW DELHI: The share allotment for Swiggy’s IPO is set to be finalised today, allowing investors to check their status on platforms such as BSE and Link Intime India, the IPO’s registrar. Swiggy’s debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is slated for November 13. Muted Grey Market Premium (GMP)…
NEW DELHI: The Centre has generated Rs 3,449 crore by selling approximately 1.6 per cent stake through offer-for-sale in Hindustan Zinc Ltd. Government, during the two-day OFS on November 6-7, offered to sell more than 5.28 crore shares, or 1.25 per cent stake, with an option to keep additional subscriptions of equal quantity.Institutional investors submitted…
