India Insider

Global gold demand declined by 13 per cent year-on-year to 1,080.8 tonnes during the January-March quarter of this year, mainly due to outflows from European-listed exchange-traded fund (ETF) products, according to the World Gold Council (WGC).

Both the indices were down by 0.60% – Sensex was hovering at 61,359 points, while Nifty50 was at 18,145 points. HDFC twins fell by over 5% after index provider MSCI tweaked the weight of the merged entity below street expectations. Adani Enterprises, Paytm, TVS, Hero MotoCorp, Britannia are amongst stocks to watch today.

Amazon is hosting a Summer Sale 2023, featuring excellent deals on various products, including consumer electronics and home appliances. This sale is an ideal opportunity for fitness enthusiasts searching for discounts on smartwatches and smart bands. Amazon has partnered with ICICI and Kotak Bank to provide a 10% instant discount on credit card transactions.

A report by mutual fund transfer agency CAMs, and Confederation of Indian Industry (CII), based on CAMS serviced mutual funds, reveals some interesti...

Google is scheduled to launch the Pixel Fold, the company’s first foldable smartphone, at its I/O event on May 10, along with the Pixel 7a smartphone. The company announced the device in a teaser, revealing its design ahead of the launch. While the Pixel Fold has leaked several times, this is the first time that Google has shown the device.

E-commerce platform Shopify has announced to lay off 20 per cent of its workforce which will impact more than 2,000 people.

In light of the ongoing high inflation pressures, the Governing Council of the European Central Bank (ECB) decided to raise the key interest rates by 25 basis points (100 basis points makes 1 percentage points).

E-commerce giant Amazon India is back with its Summer Sale, offering discounts across a wide range of products, including smartphones, laptops, home appliances, apparel and more. The Amazon Summer Sale is now live for Amazon Prime subscribers and will begin from 12 noon today for normal users. The sale will go on till May 8, giving you ample time to grab your favourite products.

The Amazon Great Summer Sale 2023 is now live for all users, offering discounts across a wide range of products, including smartphones, TVs, laptops, home appliances, apparel, and more. The summer is here, and like each year, the temperatures are quite high. If you are in the market for an air conditioner, now might be the best time to buy one. E-commerce giant Amazon is currently offering ACs at a discount as part of the Great Summer Sale.

India’s largest two-wheeler manufacturer Hero MotoCorp beat analyst estimates to deliver a 37% YoY rise in standalone net profit to ₹859 crore in Q4, aided by price hikes, cost cutting and improved product mix. The company posted a 17% growth in its FY23 net profit, which rose to ₹2,911 crore.

Gautam Adani-led Adani Enterprises on Thursday reported a net profit of ₹722 crore for the fourth quarter, more than doubling it from ₹304 crore a year ago. Driving the profitability were the company’s capital-intensive airports and roads businesses. For FY23, the net profit more than tripled to ₹2,473 crore from ₹777 crore a year ago.

The National Company Law Tribunal (NCLT) on Thursday reserved its order on crisis-hit airline Go First's plea seeking voluntary insolvency resolution proceedings.

Ola Electric and Ather Energy on Thursday said they will reimburse the cost of chargers to buyers of electric scooters in the larger interest of the EV ecosystem.

Equity benchmark indices ended nearly 1 per cent higher on Thursday amid continuous foreign fund inflows and buying in index majors HDFC twins and Reliance Industries. The 30-share BSE Sensex climbed 555.95 points or 0.91 per cent to settle at 61,749.25. During the day, it rallied 604.61 points or 0.98 per cent to 61,797.91.

The Amazon Great Summer Sale 2023 is now live for all users, offering discounts across a wide range of products, including smartphones, laptops, home appliances, apparel, and more. In addition to Amazon’s offers, customers can also avail of 10% instant discount using ICICI Bank and Kotak Bank debit and credit cards.

The Amazon Summer Sale 2023 is live now, featuring an array of products at heavily discounted prices. The sale includes popular items such as speakers, smartphones, and laptops, including gaming laptops. Additionally, the e-commerce giant is providing no-cost EMI, exchange offers, and EMI on debit cards for a broad range of products as part of the sale.

SpiceJet CEO Ajay Singh on Thursday said there is a need for "more rational airfares" in the country even as he tried to assuage concerns of a hike in airfares as a consequence of competitor Go First filing for voluntary insolvency by terming it a "temporary phenomena".

Ajay Banga has been confirmed as the World Bank President, becoming the first-ever Indian-American to take on the role. He will begin his tenure on June 2, succeeding current President David Malpass. Mukesh Aghi, President of US India Strategic and Partnership Forum, congratulated Banga, stating that his leadership will be crucial in addressing urgent issues such as tackling climate change, achieving financial inclusion, gender equality, and bridging the gap between developed and emerging markets.

Global steel giant ArcelorMittal on Thursday posted a 74.43 per cent fall in its net income at USD 1,096 million for the first quarter ended March 31, 2022. It had posted a net income of USD 4,125 million for the year-ago quarter, the company said in a statement.

Entry-level passenger vehicle segment has fewer buyers, suggesting that customers at the bottom of the pyramid are still hesitant to upgrade from 2-wheelers to 4-wheelers. For the first time in eight months, passenger vehicles witnessed a Y-o-Y degrowth. The 2-wheeler industry is facing challenges as the demand for entry-level vehicles decreases. FADA has adopted a cautious stance for the month of May due to unfavourable weather conditions.

Along with the rising mercury, flight fares in popular sectors of Go First have doubled in some cases after the low-cost air...

Crisis-hit airline Go First has suspended sale of tickets till May 15 and is working to refund or reschedule existing bookings for future dates, aviation regulator DGCA said on Thursday.