Follow The Times of India - Business, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/timesofindiadiatimes7 Wed, 29 Nov 2023 19:46:50 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2MMNL19n4kPClmFkX7M1Jw Alipay Singapore Holding, a subsidiary of the Chinese e-commerce powerhouse Alibaba, divested its entire 3.44% stake in Zomato, the online food delivery aggregator, for Rs 3,337 crore. This move involved the sale of over 29.60 crore Zomato shares in 31 transactions on the BSE. According to block deal data from BSE, Alipay Singapore Holding sold a total of 29,60,73,993 shares, representing a 3.44% stake in Zomato. The shares were unloaded at an average price of Rs 112.7 each, resulting in a total transaction value of Rs 3,336.75 crore.]]> Wed, 29 Nov 2023 17:32:34 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2MMNL19n4kPClmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1dpFL9LjDiSCejEQ2Mq9rY Walmart betting on India for imports to the US: The shifting trend highlights the impact of higher import costs from China and heightened political tensions between the US and China. Companies like Walmart are now exploring alternative sourcing countries like India.]]> Wed, 29 Nov 2023 17:15:25 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1dpFL9LjDiSCejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1EK1Z4xyJB7sb1naedg1wr On Wednesday, Sri Lanka announced that it has, in principle, finalized an agreement with a consortium of creditors, including India and Japan, for the restructuring of its debt. This development is a pivotal step forward in accessing the second tranche of a $2.9 billion bailout package from the International Monetary Fund. The agreement, facilitated by the Official Credit Committee, encompasses around $5.9 billion of the country's outstanding public debt.]]> Wed, 29 Nov 2023 16:29:08 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV1EK1Z4xyJB7sb1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2FsJVl2x7JGSlmFkX7M1Jw Choosing the right education loan is just as important as picking your course. Do some research, understand how it all works, and make a smart decision. Your education is an investment, and a good education loan, backed by a decent credit score of co-applicants, sets you up for a bright future without the stress of money troubles.]]> Wed, 29 Nov 2023 13:30:00 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2FsJVl2x7JGSlmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0eMF92f4yaxOT5HJgy6HUf BSE Sensex on Wednesday saw a second consecutive day of rally and closed at 66,901.91 points for the day, up 727 points in trade. The Nifty 50 also rallied smartly and closed at 20,096.60, up 206.90 points. Both the Dalal street indices saw a 1% rally. Notably, Nifty 50 crossed the crucial 20,000 mark again, which is the first time since September 18.]]> Wed, 29 Nov 2023 12:58:57 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0eMF92f4yaxOT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rk4EMxnDjeOzdsCmHakzH The rupee sustained its gaining momentum for the second straight session and settled 2 paise higher at 83.32 (provisional) against the US dollar on Wednesday boosted by robust buying in equity markets and inflow of foreign funds. A weak American currency against major rivals supported the domestic unit while an upward movement in crude oil prices ahead of the crucial meeting of oil-producing countries capped the gain in the rupee, forex traders said.]]> Wed, 29 Nov 2023 12:26:57 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rk4EMxnDjeOzdsCmHakzH https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rqy4-a2MVFZs0ohxaO6Yr Gautam Adani has surged back into the top 20 wealthiest individuals globally, propelled by a consecutive market rally that boosted the combined market value of his enterprises by 1.33 lakh crore. Currently occupying the 19th position on the Bloomberg Billionaires Index, Adani has seen his overall net worth rise by $6.5 billion, according to the latest update from Bloomberg. Nonetheless, his total net worth for the year-to-date period remains $53.8 billion lower, as reported by ET.]]> Wed, 29 Nov 2023 12:06:07 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3rqy4-a2MVFZs0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0Tavdj2dpzZJs0ohxaO6Yr Smart cities mission: The government aims to complete 1,600 of these projects by the end of March. The remaining 400 projects, which will go beyond March, are being closely monitored in real-time.]]> Wed, 29 Nov 2023 11:41:22 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0Tavdj2dpzZJs0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2yCLEZ4UN61Xn9ye8UNv30 Multiple credit cards can impact your credit score depending on factors like your borrowing history and risk to lenders. Carefully maintaining a good credit score is crucial when having multiple credit cards. However, having newer cards can lower your credit score as it brings down the average age of your credit history. Factors that affect your credit score include payment history, debt-to-credit ratio, average age of credit cards, types of credit, and new credit accounts.]]> Wed, 29 Nov 2023 11:06:19 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2yCLEZ4UN61Xn9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2yCLEZ4UN61eT5HJgy6HUf December is a crucial month for financial deadlines. Here are eight important deadlines to keep in mind, including special fixed deposit programs, Aadhaar updation, home loan offers, and more. Timely compliance is essential to take advantage of the various benefits and offers available.]]> Wed, 29 Nov 2023 10:52:05 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2yCLEZ4UN61eT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV00tU-WjKouQMb1naedg1wr Tata Consultancy Services (TCS) has declared its Rs 17,000-crore share buyback program, which will start on December 1 and end on December 7. The buyback is not expected to significantly impact TCS's profitability or earnings, but it will reduce available funds for investment.]]> Wed, 29 Nov 2023 09:37:44 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV00tU-WjKouQMb1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0MLPb6Wdcu6aCY3L745TL_ Tata Advanced Systems Ltd (TASL) has set up a manufacturing facility in Bengaluru to produce high-resolution imagery satellites for the armed forces. The facility, built in partnership with Satellogic, will have the capacity to manufacture up to 24 low earth orbit (LEO) satellites annually.]]> Wed, 29 Nov 2023 08:39:59 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0MLPb6Wdcu6aCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV04u0k8qFQTlCejEQ2Mq9rY Shares of Indian Renewable Energy Development Agency (IREDA) surged 74% in their trading debut, valuing the state-owned firm at $1.80 billion. The IPO of IREDA, a non-banking lender that finances renewable energy projects, was oversubscribed 38.8 times. The company received robust interest from investors who bid for about $7.8 billion worth of shares. IREDA's profit jumped 41.2% in the half year ended September 30, while its interest income climbed 49.1%.]]> Wed, 29 Nov 2023 07:31:53 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV04u0k8qFQTlCejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2EoppUV7hP3Js0ohxaO6Yr Tata Technologies, a global ER&D company, is set to announce IPO allotment status on Nov 29. This is the first IPO from the Tata group in 19 years. The IPO had a price band of Rs 475 to Rs 500 per share. To check allotment status, visit the registrar's website or the BSE/NSE website. The listing date for Tata Technologies IPO shares is Nov 30. In the grey market, Tata Technologies shares are trading at a premium of over Rs 400 per share. The IPO garnered significant interest with a subscription rate of 69.43 times.]]> Wed, 29 Nov 2023 07:24:29 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2EoppUV7hP3Js0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3ft6rXrqOyxSejEQ2Mq9rY Toyota Motor achieves record global vehicle production in October, defying semiconductor shortage and supplier accident; overseas production also reaches a record high; global and overseas sales hit record highs; domestic production rises significantly due to easing of chip shortage; Japan's industrial output expected to be affected; strong sales growth in Japan, North America, and Europe; decline in production in China but growth in sales; decrease in output and sales in Thailand and Vietnam due to economic conditions.]]> Wed, 29 Nov 2023 06:35:08 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV3ft6rXrqOyxSejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV34kEer14tNl3n9ye8UNv30 Planning your expenses according to your financial situation is smart, but unexpected needs may arise. In such situations, a loan from the right source can be a lifesaver. Whether it's for education, travel, or home improvements, a personal loan is a handy solution. Most lenders prefer a credit score of at least 750, but there are ways to secure a personal loan with a low credit score.]]> Wed, 29 Nov 2023 06:10:47 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV34kEer14tNl3n9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0TmIrUzGfL0ilmFkX7M1Jw Berkshire Hathaway Inc investors enjoyed the 3,800,000% return engineered by Charlie Munger, who died at 100. Munger, longtime business partner of Warren Buffett, transformed Berkshire from a failing textile mill into a $783 billion behemoth. Munger's blunt style and deep knowledge were accompanied by witty one-liners. He was called 'legendary' by industry leaders and was a generous philanthropist. Munger criticized financial recklessness, including the US financial crisis and Greece's debt struggles. He was a critic of cryptocurrencies.]]> Wed, 29 Nov 2023 04:49:54 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0TmIrUzGfL0ilmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0Av7uj19277Mb1naedg1wr Nasdaq-listed travel technology company Booking Holdings is investing $250 million through 2026 into its centre of excellence (CoE) in Bengaluru that would employ 1,000 people during the same period. It currently employs 320 people. Booking Holdings setting up a centre in Bengaluru underscores the city’s tech prowess in playing a significant part in reimaging the future of travel. The Bengaluru tech centre is the second CoE after it launched the first one in Bucharest in Romania last year to support the company's growth roadmap.]]> Wed, 29 Nov 2023 04:01:41 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0Av7uj19277Mb1naedg1wr https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2g3nnOTrYNDZVjH6qdYdAk Charles Munger, who died on Tuesday, went from working for Warren Buffett's grandfather for 20 cents an hour during the Great Depression to spending more than four decades as Buffett's second-in-command and foil atop Berkshire Hathaway Inc. Munger's family had advised that he died peacefully on Tuesday morning at a California hospital, said Berkshire. The union of Munger with Buffett is among the most successful in the history of business; they transformed Omaha, Nebraska-based Berkshire into a multi-billion dollar conglomerate with dozens of business units.]]> Wed, 29 Nov 2023 03:36:09 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV2g3nnOTrYNDZVjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0hj-MeZRvZe6CY3L745TL_ The BCCI has taken Byju's to the NCLT for non-payment of Rs 160 crore in sponsorship money after the contract expired. Byju's is in discussions with the BCCI to settle the matter. The dispute is related to the sponsorship contract that ended in March 2022. Byju's extended the agreement until November 2023, but the BCCI wanted it to continue until March 2023 for a new sponsor. Byju's financial troubles include layoffs and EBITDA losses of Rs 2,253 crore in FY22. After over a year's delay, its financial results for FY22 revealed Rs 2,253 crore in EBITDA losses]]> Wed, 29 Nov 2023 02:15:43 +0200 https://api.follow.it/track-rss-story-click/v3/U-tMLx-1bV0hj-MeZRvZe6CY3L745TL_