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Vintage Mercedes sells for nearly Rs 1,100 cr, becomes worlds most expensive car
Business

Vintage Mercedes sells for nearly Rs 1,100 cr, becomes world's most expensive...

Toronto, May 20: A vintage 1955 Mercedes-Benz has been sold for $143 million (about Rs 1,100 crore), making it the most expensive car ever sold at an auction. Canada-based RM Sotheby's announced that it has auctioned off a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, earlier this month, for 135...
Equity benchmarks up in opening deals
Business

Equity benchmarks up in opening deals

New Delhi, May 20: Equity benchmark indices rose in opening deals on Friday led by gains in auto, oil & gas, metals stocks. Also, value buying post recent slump too buoyed the indices. At 10.07 a.m., Sensex was 1,105 points up at 53,897, whereas Nifty 345 points up at 16,154. "The...
LPG price hiked by Rs 3.5, crosses Rs 1,000 mark
Business

LPG price hiked by Rs 3.5, crosses Rs 1,000 mark

New Delhi, May 19: Cooking gas LPG price was on Thursday hiked by Rs 3.50 per cylinder, the second increase in rate this month following the firming of international energy rates. Non-subsidised LPG now costs Rs 1,003 per 14.2-kg cylinder in the national capital, up from Rs 999.50 previously,...
India retains top spot as fastest-growing major economy: UN report
Business

India retains top spot as fastest-growing major economy: UN report

United Nations, May 19: With an economic growth forecast at 6.4 per cent for this fiscal year, India will be the fastest-growing major economy, according to the UN."We expect Indian recovery to remain strong in the near term in the next year, and two," Hamid Rashid, the chief of the UN's Global...
Sensex dives 1,155 points in early trade amid weak global markets
Business

Sensex dives 1,155 points in early trade amid weak global markets

Mumbai, May 19: Equity benchmarks fell sharply on Thursday in line with an extremely weak trend in the global markets, with the Sensex plunging 1,154.78 points in early trade. Persistent foreign fund outflows and a spurt in crude oil prices also dampened sentiment. The 30-share BSE benchmark...
Weak LIC listing due to unpredictable market conditions: DIPAM Sec
Business

Weak LIC listing due to unpredictable market conditions: DIPAM Sec

Mumbai, May 17: Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey on Tuesday said the weak debut of the country's largest insurer LIC on the bourses was due to unpredictable market conditions and suggested investors to hold on to the stock for long-term value....
Indices positive in opening deals with all eyes on LIC listing
Business

Indices positive in opening deals with all eyes on LIC listing

New Delhi, May 17: Indian equity benchmark indices started Tuesday's trade in green ahead of listing of insurance major LIC's exchange debut. It is expected that the listing will take place in a while. The initial public offering of Life Insurance Corporation of India has received robust response...
Snapping 6-day losses, equity indices rise in opening deals
Business

Snapping 6-day losses, equity indices rise in opening deals

New Delhi, May 16: Snapping their six straight session losses, Indian equity indices rose in opening deals on Monday, possibly due to value buying at lower levels. At 9.51 a.m., Sensex was 1.0 per cent or 513 points up at 53,307 points, whereas Nifty was 1.2 per cent or 185 points up at 15,967...
Centre bans wheat export
Business

Centre bans wheat export

New Delhi, May 14: The Central government has placed a ban on wheat export with immediate effect in the wake of the grave situation of less than estimated domestic wheat production and an excessive global price hike after a spike in demand following the Russia-Ukraine war. There is just one...
State of economy cause of
Business

State of economy cause of 'extreme concern': Chidambaram

Udaipur, May 14: Asserting that the state of the economy is a cause of "extreme concern", senior Congress leader P Chidambaram on Saturday said taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies. Addressing a press conference,...
Equity indices up in opening deals
Business

Equity indices up in opening deals

New Delhi, May 13: Indian equity benchmark indices climbed in opening deals on Friday led by gains across all sectoral indices after a steep fall in the previous session and a consistent decline in the past five straight sessions. Sensex was up 481 points or 0.9 per cent to 53,411 points in early...
Indices extend losses, Sensex declines nearly 1K pts
Business

Indices extend losses, Sensex declines nearly 1K pts

New Delhi, May 12: Indian equity benchmarks extended their losses from the previous session and tanked sharply due to weak global cues amidst high volatility.Asian stocks fell as the US inflation for April stood persistently high, which dented investors' confidence. The US April inflation print...
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