Uber Reports A $5.9 Billion Net Loss As Asian Investment Values Tumble
Uber reported a net loss of $5.9 billion owing to unrealized losses from holdings in Didi Global, Grab Holdings, and Aurora Innovation, but provided a good earnings projection for the current period. It indicated that the firm intends to capitalize on strong ride demand without jeopardizing earnings by focusing on product upgrades rather than incentives […]
In April, Auto Retail Sales Increased 37% Due To A Low Covid-Hit Base Impact
Automotive retail sales in India surged by 37% in April on a low base of COVID-affected April last year, according to the automobile dealers’ group FADA on Thursday Total sales across all categories increased to 16,27,975 items in April, up from 11,87,771 units the previous year When compared to April of last year, all vehicle […]
Bajaj Auto’s April Sales Fell 20% to 310,774 Units, With Domestic Sales Down 24%
Bajaj Auto Ltd reported a 20% drop in overall sales in April to 3,10,774 units on Monday. Bajaj Auto said in a statement that it sold 3,88,016 vehicles in the same month last year It stated that total domestic sales in April 2021 were 1,02,177 units, down 24% from 1,34,471 units in April 2021.Last month’s […]
As the yen falls on the dovish BOJ, the dollar reaches a 20-year high and the euro a 5-year low
The dollar rose to a 20-year high against its peers on Thursday as the Bank of Japan maintained its dovish stance, sending the yen to its lowest level since 2002 and the euro to a five-year low amid concerns about the region’s economic growth The dollar soared beyond 130 yen as the Bank of Japan […]
After Q4 earnings, Bajaj Auto shares fell over 2% to Rs 3,804.80 on the BSE.
Bajaj Auto’s stock fell over 2% in early Thursday trade after the business reported a 2% drop in consolidated net profit for the fourth quarter ended March 2022On the BSE, Bajaj Auto shares fell 2.58 percent to Rs 3,804.80 The stock fell 2.57 percent to Rs 3,805 per share on the NSE Bajaj Auto reported […]
Reliance Industries has become the first Indian business to have a market capitalization of Rs 19 trillion
After reaching a new high, Mukesh Ambani’s Reliance Industries Ltd (RIL) became the first Indian listed firm to have a market capitalization of Rs 19 trillion. In an otherwise sluggish market, the stock set a record high of Rs 2,827.10, up 2% on the BSE in intraday trade on Wednesday RIL’s market capitalization was Rs […]
In Early Trade, The Rupee Fell 16 Paise To 76.72 Against The US Dollar.
In early trade on Wednesday, the rupee fell 16 paise to 76.72 against the US dollar, driven down by the greenback’s strength and continuous foreign fund outflows The rupee opened at 76.69 versus the dollar on the interbank foreign exchange, before losing ground to quote at 76.72, a drop of 16 paise from the previous […]
Rupee Slips For Third Session In a Row; Oil Near $113 A Barrel
The rupee depreciated for the third straight session to close 10 paise lower at 76.29 against the dollar on Monday, tracking the strength of the greenback overseas, coupled with foreign fund outflow At the interbank foreign exchange market, the rupee opened lower at 76.41 against the American currency, and shuttled between a high of 76.20 […]
ONGC, Oil India gain 3% in tandem with crude oil prices
Shares of state-owned oil exploration & production companies like Oil and Natural Gas Corporation (ONGC) and Oil India gained 3 per cent on the BSE in Wednesday’s intra-day trade in an otherwise subdued market after oil prices surged. Crude oil prices increased around 6 per cent on Tuesday amid reports of lower supply by oil […]
Sebi penalises NSE, BSE for laxity in Karvy Stock Broking case
India’s markets regulator on Tuesday fined BSE Rs 3 crore and the National Stock Exchange (NSE) Rs 2 crore for “laxity” in detecting misconduct by Karvy Stock Broking The Hyderabad-based brokerage misused securities worth Rs 2,300 crore belonging to more than 95,000 clients by pledging them without authorisation, said the Securities and Exchange Board of India (Sebi). The firm […]
