Business
November 02, 2024
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AO Smith acquires Pureit Business from HUL

NEW DELHI: Global water technology company AO Smith Corporation announced on Friday that it has completed its acquisition of Pureit, the water purification business of FMCG giant HUL.Pureit offers residential water purification solutions in India, Bangladesh, Sri Lanka, Vietnam, and Mexico.Earlier in July, HUL had announced the sale of its water purification business to AO […]

Business
November 02, 2024
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Swiggy IPO to Open on Wednesday: GMP, Price, Lot Size, All You Need to Know

Last Updated:November 02, 2024, 15:52 IST Unlisted shares of Swiggy Ltd are currently trading just Rs 22 higher in the grey market, signalling a 5.64 per cent listing gain from the public issue. The Swiggy IPO will be available for subscription between November 6 and November 8. Swiggy IPO: Food and grocery delivery major Swiggy […]

Business
November 02, 2024
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October UPI Milestone: Rs 23.50 Lakh Crore Transferred In 1,650 Crore Transactions

New Delhi: India’s Unified Payments Interface (UPI) in October achieved a new milestone. The National Payments Corporation of India (NPCI) reported an incredible 16.58 billion transactions totaling Rs 23.50 lakh crore. This marks a 45 percent jump compared to the same month last year.It was largely fueled by increased spending during the festival season.  In […]

Business
November 01, 2024
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Apple commits $1.5 billion to Globalstar for expanded iPhone satellite services

Apple committed about $1.5 billion to satellite communications company Globalstar to fund the expansion of iPhone services, the companies disclosed in a securities filing on Friday. The tech giant’s deal with Globalstar includes $1.1 billion in cash, of which $232 million will go toward the satellite company’s current debt, and a 20% equity stake. The […]

Business
November 01, 2024
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Losing GPS could cost billions, so the Space Force is having companies like Astranis build a backup network

A depiction of Nexus satellites in a medium Earth orbit constellation. Astranis The U.S. Air Force began deploying the Global Positioning System — more commonly known as GPS — nearly 50 years ago, satellites which have become critical infrastructure for both the military and the economy. Since then, GPS is estimated to have generated more […]

Business
November 01, 2024
2 views 6 mins 0

Investors' reaction to Budget 'very different' to Truss

Getty Images Rachel Reeves’ Budget is “very, very different” to the Liz Truss mini-Budget of two years ago, according to a senior government minister. Chief Secretary to the Treasury Darren Jones’s comments were designed to reassure markets following a rise in the cost of government borrowing and a fall in the pound in the wake […]

Business
November 01, 2024
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US jobs growth slows sharply as election looms

Jobs growth in the US slowed sharply in October as hurricanes and strikes disrupted the economy. Employers added 12,000 jobs last month, much lower than the 223,000 created in September, according to the Labor Department. But while hiring slowed, the unemployment rate held steady at 4.1%. The closely watched figures, which give an indication about […]

Business
November 01, 2024
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Sensex Rises 448 Points, Nifty Rallies Above 24,300 In Muhurat Session

New Delhi: Benchmark BSE Sensex rose nearly 448 points in the early session of special Muhurat trading on across-the-board buying by investors to mark the start of the new Samvat Year 2081. The 30-share index increased 447.90 points, or 0.56 per cent, to 79,836.96 as all of its constituents traded in the green. The index […]