The stock is now trading at about 29 times expected earnings, its highest multiple since February 2022, according to Refinitiv data Apple’s stock climbed to a record high close on Wednesday and was on the cusp of a $3 trillion market capitalization. The iPhone maker’s stock rose 0.6% to end … Read more
Tag: business
BPCL unveils Rs 49,000 cr petrochemical, capacity expansion project at MP’s Bina refinery
One of the main components of the expansion projects is the Ethylene Cracker Project which will drive the production of essential petrochemicals. Bharat Petroleum (BPCL) on Wednesday announced Rs 49,000 crore petrochemical and capacity expansion project at its Bina Refinery. One of the main components of the expansion projects is … Read more
Lordstown Motors files for bankruptcy, sues Foxconn
Shares of Lordstown tumbled 35% in trading on the Nasdaq. The company’s bankruptcy is not the first among the crop of EV startups that went public during the pandemic-era SPAC boom. But Lordstown was a high-profile member of that class because it was challenging the core of the legacy Detroit … Read more
Tata Nexon EV crosses 50,000 sales mark, covers 90 crore km distance in over 3 years
The Nexon EV is currently available in over 500 cities across India and has covered a distance of over 900 million kilometers Tata Motors has announced that its popular electric vehicle (EV), the Nexon EV, has achieved a significant milestone by surpassing the 50,000 sales mark. Since its launch in … Read more
Bank holidays July 2023: Banks to remain closed on 15 days THIS month; check details here
Bank holidays in July: As per the Reserve Bank of India’s (RBI) list of holidays, 8 holidays are state-specific holidays for different festivals across different states and others are weekend holidays. Public and private sector banks will remain shut for 15 days in July this year. In addition to weekends, … Read more
HDFC says effective date of July 1 for merger with HDFC Bank is ‘ tentative’
The housing finance firm said the dates for merger with HDFC Bank and record date are ‘subject to the completion of certain formalities’ Housing Development Finance Corporation Ltd on Tuesday clarified that the effective dates of July 1 for its merger with HDFC Bank Ltd and July 13 as record date are … Read more
Nissan investigates claims CEO put deputy Ashwani Gupta under surveillance
Nada said it was an effort to acquire leverage to remove an executive and board member the Nissan chief executive regarded as an obstacle to reaching a new deal with alliance partner Renault. Nissan has launched an investigation into claims by a senior adviser that Chief Executive Makoto Uchida carried … Read more
TCS, Infosys, Wipro: How have IT majors fared in terms of variable pay for Q4 FY23
TCS, Infosys, Wipro: The variable pay in IT services companies depends on the company’s overall performance, along with the performance of individual employees. Indian IT services companies announced their Q4 FY 2022-23 results last month, post which they announced variable pay, or performance payouts, to their employees. The variable pay … Read more
UBS-Credit Suisse Combo: UBS to work on a capital-light model in India
Last week, UBS finalised the takeover of Credit Suisse, which has now laid the groundwork for the integration of the two global brands. The UBS-Credit Suisse deal has given UBS yet another chance to play in India’s fast-growing wealth management space, as the number of millionaires and billionaires is on … Read more