Record News

By Sabrina Valle

(Reuters) -General Motors and the United Auto Workers (UAW) union reached a tentative agreement, two sources familiar with the matter told Reuters on Monday, effectively ending the simultaneous strike against the Detroit Three automakers with record wage and benefit hikes.

₹80 a kg, up from ₹60 last week and ₹30 two weeks ago. Prices are similar in other cities such as Chandigarh, Kanpur and Kolkata. Supply-chain intermediaries said they could spiral further.

Adore Beauty shares raced to their highest in two months after the online beauty retailer defied the tougher retail environment to stick with its profit margin guidance for this year. Turnover and shoppers both grew in the first quarter.

Mindspace Business Parks REIT is planning to develop a mixed-use property spread over 8 lakh sq ft including commercial offices and a luxury hotel at its existing business park in Mumbai region’s Airoli east locality. Of the total development, 5.30 lakh sq ft will be earmarked for office development and 2.80 lakh sq ft will be set aside for an upscale hotel. On Monday, the REIT received an approval from its board to ink a long-term lease with group company Chalet Hotels for this property. “Our memorandum of understanding (MoU) with Chalet Hotels for the mixed-use development, enhances tenant offerings and fosters business synergies,” said Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, manager to Mindspace REIT. In terms of development, the REIT is actively working on an under-construction pipeline of 2.9 million sq ft.

money-laundering case on November 2, official sources said on Monday. Arvind Kejriwal (55) has been issued the summons under the Prevention of Money Laundering Act (PMLA) and according to the sources, the agency will record his statement once he deposes before the investigating officer of the case in Delhi.

Delhi: Sharing is a way to multiply your happiness, goes the saying. Kruthika Rao and Venkat Amudhan, residents of Bengaluru, have been doing that for eight years now. Yet, they do not share a bank account and do not want to do so ever.

Check out the companies making headlines in midday trading.

By Siddharth Cavale

By Suzanne McGee and Bansari Mayur Kamdar

By David Shepardson and Joseph White

Triveni Engineering & Industries slumped by 98 percent on-year to ₹29.1 crore in the second quarter of fiscal year 2023-24 (Q2FY24), as per the financial results declared by the company on October 30. In the year-ago period, the net profit stood at ₹1,388 crore. Sequentially, the net profit dropped by 57 percent from ₹67.6 crore reported in the June 2023 quarter.

In the third quarter of 2023, India’s top Tier-1 cities witnessed a 7% surge in commercial real estate supply, amounting to a total of 14.61 million square feet, according to a PropEquity study. This can be attributed to the government’s proactive measures to stimulate growth in the IT sector through tax incentives and infrastructural improvements.

Employers in the US probably tempered their pace of hiring this month after beefing up payrolls by the most since the start of the year, consistent with a sturdy labor market that’s powering economic expansion.

Advisor Credit Exchange have added two former UBS senior leaders as its new CEO and COO.

Marico Ltd on October 30 reported a consolidated net profit of ₹360 crore for the second quarter of fiscal year 2023-24 (Q2FY24), marking a growth of 17.3 percent as compared to ₹307 crore reported in the year-ago period. The consumer goods company's revenue from operations, however, dipped marginally as it came in at ₹2,476 crore.

Airtel Africa which operates in 14 African countries has reported an 8.8 per cent year-on-year decline in consolidated net profit at USD 138 million in the fiscal's second quarter ended September 2023. The profit after tax stood at USD 152 million in the year-ago period, according to a release by the company which provides telecommunications and mobile money services. Airtel Africa's revenue for the quarter ended September 2023 came in at USD 1,246 million.

Petronet LNG, the state-run oil and gas company, on Monday reported a consolidated net profit of ₹855.74 crore for the second quarter of FY24, recording a 4.4% rise from ₹819 crore in the previous quarter. The company’s consolidated revenue from operations in Q2FY24 increased 7.5% to ₹12,532.57 crore from ₹11,656.38 crore in the April-June quarter.

₹372 crore in the September quarter. The company's consolidated total income rose 53.7% year-on-year to ₹2,589 crore from ₹1,684 crore in the July-September quarter. The firm said it clocked an 87% rise in energy sales from a year ago to 5,737 million units backed by strong capacity addition and improved CUF across solar, wind and hybrid portfolios.

Rajasthan News: CM Ashok Gehlot accuses BJP of targeting him via ED raids: 'Red Rose is happening' The summons are linked to recent ED raids against Rajasthan based hospitality group Triton Hotels & Resorts Pvt. Ltd., Vardha Enterprises Pvt.

Stock market today: Shares of Hi-Tech Pipes have been in uptrend since early morning session. The metal stock today opened higher and went on to hit intraday high of ₹104 apiece levels on NSE, which is just one per cent away from its existing record high of ₹105.20 per share levels. Metal stock witnessed buying interest among Indian stock market bulls after declaration of Q2 results 2023 on weekend.