Business
Stay informed with the latest business updates across India with The Thaiger India. Our news page offers coverage of business trends, financial news, and economic developments. Understand global economics through a local lens, gain insights from industry analyses, and keep afloat on political impacts on markets.
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Plaza Wires IPO share allocation: Check status and grey market premium insights
The initial public offering (IPO) share allocation of Plaza Wires, a Delhi-based cable wire manufacturer, is scheduled for finalisation tomorrow, following the commencement of the allotment process today. The IPO, which was open for subscription from September 29 to October 5, saw numerous applications and those interested can check their allocation status on the official websites of KFin Technologies Limited,…
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Asian market growth spurs Sensex and Nifty surge, despite global conflict fears
Equity markets in India experienced a significant uptick early Tuesday as the Sensex index rose by over 300 points. This surge was primarily attributed to positive developments in the Asian market. Despite the recent plunge and ongoing concerns about the Israel-Hamas conflict, which has led to a spike in crude oil prices, both Sensex and Nifty showed substantial gains. The…
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Gold prices surge in India; 22-carat now at ₹5335 per gram
The price of 22-carat gold has seen an increase of ₹20, making it ₹5335 per gram, while 24-carat gold has risen by ₹22, resulting in a cost of ₹5820 per gram, as per the data from Goodreturns. Moreover, the price of eight grams of gold is now valued at ₹42,680 for 22-carat and ₹46,560 for 24-carat. Similarly, the cost of…
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Swiss shares fresh bank account details with India for tax evasion probe
India has obtained fresh Swiss bank account details of its citizens and businesses, marking the fifth annual exchange of such information between the two nations. The Swiss have shared details of nearly 3.6 million financial accounts with 104 countries under an automatic information exchange arrangement. The fresh data, pertaining to hundreds of financial accounts, include identification, account, and financial details.…
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Adani reassures stakeholders over Haifa port safety amid Israel-Hamas conflict
Adani Ports and SEZ Limited, led by Gautam Adani, has reassured stakeholders of the safety of their operations at Israel’s Haifa port amidst the recent conflict with Hamas. The company, which acquired the port earlier this year, stated that the action on the ground is concentrated in South Israel, while Haifa port is in the North. The conflict has impacted…
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Zomato CEO Deepinder Goyal joins Shark Tank India season 3 panel
Deepinder Goyal, the co-founder and CEO of Zomato, made his first appearance on television in the forthcoming season 3 of Shark Tank India. He participated in the shoot over the weekend and expressed his enthusiasm to be part of the show to ‘learn and step outside’ his comfort zone. Goyal shared his experience on X, previously known as Twitter, stating…
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Indian equity indices slump amid escalating Middle East tensions and market uncertainty
Early Monday witnessed a slump in the benchmark equity indices due to escalating Middle East tensions, triggering a risk-off in the market. Investors chose to remain cautious, avoiding substantial risks as the ongoing conflict between Israel and Hamas introduced substantial uncertainty into the market. The 30-share BSE Sensex experienced a dip of 407.19 points or 0.62%, landing at 65,588.44 points…
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Gold prices hold steady as silver rates remain unchanged in India
The cost of 22 and 24-carat gold remains static from the prior day, as per data from the Goodreturns website. As such, the price for a gram of 22K gold is ₹5315, while 24K gold is listed at ₹5798. The cost for eight grams stands at ₹42,520 and ₹46,384 for 22K and 24K gold respectively. The cost for 10 grams…
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RBI’s deadline for ₹2000 note exchange ends, future steps outlined
The deadline set by the Reserve Bank of India (RBI) for the deposition or exchange of ₹2,000 notes expired on October 7. As yet, no extension of this deadline has been announced by the central bank. This follows a four-month period provided by the RBI for the public to deposit or exchange these notes at their local banks, subsequent to…
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Indian fuel retailers’ profitability hit by rising global oil prices
State-owned Indian fuel retailers, Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), controlling approximately 90% of the market, have not adjusted petrol and diesel prices for a record-breaking 18 consecutive months. Despite a surge in raw material costs last year, causing significant losses in the first half of the 2022-23 fiscal year, the…
