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11.01 / 05:53
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Indian Hotels shares gain 0.23% as Sensex rises
Indian Hotels Company Ltd. traded 0.23 per cent up at Rs 459.5 at 11:06AM (IST) on Thursday, even as BSE benchmark Sensex gained 108.39 points to 71766.1. The scrip had closed at Rs 458.4 in the previous session.
11.01 / 05:07
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security
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Pharmaceuticals
Pharma index in focus, up 3.45% YTD: Indian Pharma Market growth catches pace in December
Also read- Polycab India share price cracks 20% to hit lower circuit on reports of I-T raid The domestic pharma market has grown at a better pace of 9.2% year on year in December 2023, after a poor show of just 2.9% year-on-year growth in November 2023, said analysts at Elara Securities India private Ltd referring to data by Pharmatrac, a pharmaceuticals market research company. The Chronic segment of drugs continue to drive the growth in the Indian pharma market. The acute segment of drugs had seen tepid growth in November too, which is attributed to the seasonal factors.
11.01 / 03:27
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Israeli military says it found traces of hostages in an underground tunnel in Gaza
Israeli military said Wednesday it has found evidence that hostages were present in an underground tunnel in the Gaza Strip city of Khan Younis, which has become the focus of Israel's ground offensive. The military showed the tunnel to journalists who were escorted into a neighborhood near the ruins of destroyed homes and streets. A corrugated tin hut covered the tunnel's entrance in a residential yard.
11.01 / 03:27
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Asian stocks gain ahead of US CPI
inflation data that could influence the Federal Reserve's thinking on rate cuts, while the crypto world got a boost after exchange-traded funds (ETFs) to track bitcoin were approved in the United States. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.67% higher, on course to snap its seven-day losing streak. Japan's Nikkei breached 35,000 for the first time since February 1990 in a blistering start to the year, after rising 28% in 2023, its strongest yearly performance in a decade. The Nikkei was last up 1.9% at 35,085 on Thursday. On the other hand, China stocks loitered near 5-year lows as investor sentiment remained subdued.
11.01 / 02:33
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Chris Christie says he's dropping out of the Republican presidential race before the Iowa caucuses
New Jersey Gov. Chris Christie said Wednesday that he's ending his Republican presidential bid just days before Iowa's leadoff caucuses in a last-ditch effort to deny Donald Trump a glidepath to the nomination. «My goal has never been to be just a voice against the hate and division and the selfishness of what our party has become under Donald Trump,» Christie said at a town hall in New Hampshire.
11.01 / 02:33
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US CPI
Yen lags while dollar waits on US CPI
The yen fell 0.9% on the dollar overnight and 1.2% on the euro after data showed workers' real wages shrank for a 20th straight month in November — confounding officials wishes to see wage gains before tightening policy. The yen was under gentle pressure at 145.55 per dollar in morning trade and hit a six-week low of 159.99 per euro. The euro bought $1.0974 and other majors were steady on the dollar with all eyes on the U.S.
11.01 / 02:33
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International
"Bharat now a strategic power... No longer can anyone show us red eye and get away with it": Rajnath Singh in London
Rajnath Singh on Wednesday said Beijing's perspective has altered drastically with the emergence of New Delhi as a 'strategic power'. «A columnist for the Global Times, which, in a way, is a mouthpiece for China, published an article with the headline 'What I see about Bharat narrative in India'. This article is a ringing affirmation of the changing Chinese perspective on India.
11.01 / 02:11
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Boeing's latest MAX problem creates more headache for airlines
Boeing jets have rekindled frustration among airlines over the planemaker's struggle to contain a series of safety and supply crises, industry officials and experts said. Alaska Airlines, which operated Friday's domestic U.S. flight, and United Airlines together have 70% of the MAX 9 fleet and have canceled hundreds of flights.
11.01 / 01:05
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Creditors vote to liquidate Gayatri Projects after rejecting sole bid
Creditors to Gayatri Projects (GPL), promoted by former Rajya Sabha MP T Subbarami Reddy, have voted to initiate liquidation proceedings against the company after rejecting the only bid from private equity fund Mark AB Capital Investment LLC, people familiar with the matter said. Mark AB was offering a total of ₹650 crore, of which only ₹50 crore was upfront cash, ET had reported in October. It was the only serious offer lenders had received, which has now been rejected because of its low value. «The voting which closed late last week showed more than 66% of the lenders are in favour of liquidation.
11.01 / 01:05
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SaaS accelerator Upekkha announces first close of $40 million VC fund
Upekkha, a startup accelerator focused on the software-as-a-service sector, has announced the first close of a $40 million fund at $15 million. The fund was created with leading investment from WestBridge Capital. The other limited partners, or investors in the fund, include Godard Abel, founder and CEO of G2 that ranks SaaS companies.
11.01 / 01:05
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Ecommerce roll-up companies pause brand buyouts, seek funds for survival
ecommerce roll-up model, in which a company acquires and scales up multiple brands, is showing clear signs of distress with key players pausing fresh buyouts as they look for capital, multiple people aware of the matter said. Goat Brand Labs, among the better funded startups in the sector, is racing against time to raise fresh capital amid a widespread slowdown, people aware of the matter said. The Tiger Global-backed startup’s travails come after nearly two years of record funding that helped roll-up ecommerce firms like Goat bulk up their portfolio of brands, spurred also by the entry of industry pioneer US-based Thrasio into the Indian market.
10.01 / 23:59
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A prudential approach to risk management must not hold back credit availability
₹50,000). Unsecured personal loans, however, are not necessarily unproductive. Consider consumer durable loans.
10.01 / 23:59
10.01 / 23:43
Cooper
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International
AI-Fueled Misinformation Leads World's Greatest Short-Term Risks, WEF Survey Shows
As artificial intelligence (AI) rapidly evolves, becoming more capable and accessible than ever, AI-fueled misinformation and disinformation led a ranking of global leaders' top concerns for the next two years as the 2024 election year kicks off and geopolitical conflict persists, the World Economic Forum's (WEF) Global Risks Report 2024 found.
10.01 / 23:39
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BTS' Jungkook goes viral, shirtless body sets social media on fire
K-pop superstar and BTS member Jungkook has become viral for showing off toned physique. The viral clip from BTS documentary has gone viral on the social media. The documentary series «BTS Monuments: Beyond The Star» meticulously captures the extraordinary journey of the band, detailing their rapid ascent to fame and their enduring success. In the most recent episode, the band members offer glimpses into their personal spaces, witness Jin's head-shaving ritual for military enlistment, engage in thoughtful reflections on songwriting, and share their aspirations for the future.
10.01 / 22:51
10.01 / 19:33
10.01 / 19:03
10.01 / 19:03
Sustainability
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2024
CES 2024 updates: The most interesting news and gadgets from tech's big show
CES 2024 has kicked off in Las Vegas
10.01 / 19:03
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economy
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US adults across racial groups agree the economy is a top priority, AP-NORC and AAPI Data polls show
Black, white, Hispanic and Asian adults in the U.S. largely agree that the government should focus on the economy and foreign policy issues in 2024
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