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 … 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) … 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 … 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 … 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 … 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 … Read more
Oil climbs on concerns Russia political issues may impact supply
Brent and U.S. West Texas intermediate crude (WTI) futures were both up 0.4% on Monday, paring some gains after rising as much as 1.3% in … 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 … 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 … 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 … Read more