Paytm shares tank 10 per cent; hits lower circuit limit

Paytm shares tank 10 per cent; hits lower circuit limit

Wednesday, 14 February 2024 | PTI | new delhi

Shares of One97 Communications, which owns the brand Paytm tanked 10 per cent on the exchanges on Tuesday after RBI ruled out any review of the central bank’s action against Paytm Payments Bank, saying that its decisions are well thought out. This is the first time that the shares of...

Rupee settles flat at 83 against US dollar

Wednesday, 14 February 2024 | PTI | Mumbai

The rupee settled flat at 83 against the US dollar on Tuesday, as the support from a rally in domestic equities was negated by a strong greenback overseas and rising crude oil prices. At the interbank foreign exchange, the rupee opened at 83 against the dollar, and touched an intraday high...

Stock markets rebound on buying in banking

Wednesday, 14 February 2024 | PTI | Mumbai

Benchmark indices Sensex and Nifty rebounded on Tuesday on buying in banking, financial services and IT sector stocks. The 30-share BSE Sensex surged 482.70 points or 0.68 per cent to settle at 71,555.19. The gauge moved between the day’s high of 71,662.74 and a low of 70,924.30 during intra-day.  The broader NSE...

Tata Motors cuts EV prices by up to Rs 1.2 lakh as battery cost dips

Tata Motors cuts EV prices by up to Rs 1.2 lakh as battery cost dips

Tuesday, 13 February 2024 | PTI | New Delhi

Tata Motors on Tuesday said its electric vehicle arm has reduced prices of two models -- Nexon.Ev and Tiago.Ev -- by up to Rs 1.2 lakh on account of reduction in battery cost. The auto major has cut the price of Nexon.Ev by up to Rs 1.2 lakh and now the...

Paytm shares plunge nearly 8 pc; hit 52-week low

Paytm shares plunge nearly 8 pc; hit 52-week low

Tuesday, 13 February 2024 | PTI | New Delhi

Shares of One97 Communications, which owns the brand Paytm on Tuesday plunged nearly 8 per cent a day after RBI Governor Das ruled out any review of the central bank's action against Paytm Payments Bank Ltd (PPBL), saying that its decisions are well thought out. The stock of the company tumbled...

Tata Motors ties up with LeadIT for greener future

Tata Motors ties up with LeadIT for greener future

Tuesday, 13 February 2024 | PTI | New Delhi

Tata Motors on Monday said it has tied up with the Leadership Group for Industry Transition (LeadIT), a global alliance launched by governments of Sweden and India at the UN Climate Action Summit in September 2019. As a member of LeadIT, the auto major will be able to harness the power...

SpiceJet plans to lay off 1,000 people

Tuesday, 13 February 2024 | PTI | Mumbai

Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet, officials said on Monday. Faced with financial woes, legal battles and other headwinds, the no-frills carrier might ask...

Inflation falls to three months low in January

Tuesday, 13 February 2024 | PTI | New Delhi

Retail inflation declined to a three-month low of 5.1 per cent in January, mainly due to subdued prices of vegetables, fruits and other food items, according to government data released on Monday. The fall indicates that retail inflation is inching towards the Reserve Bank’s comfort level of 4 per cent. The Consumer...

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