SoftBank founder Masayoshi Son on Tuesday said its portfolio company Swiggy is expected to deliver "good returns" if the food delivery platform were to go public. Speaking at a post-earnings presentation for SoftBank, Son said one of Swiggy's rivals has recently gone public and its share price is doing great. Last month, Zomato made a stellar debut on Dalal Street with its shares zooming nearly 53 per cent against the issue price of Rs 76, and its market valuation crossing the Rs 1-lakh-crore mark.
Sen will now face the winner of the other quarter-final match between Olympic champion and top seed Viktor Axelsen and India's Kidambi Srikanth on Saturday.
Ashish Narsale/Rediff.com digs into the details of the worlds first quad rear camera phone.
The experienced Amanpreet Singh, Manu Bhaker and Meghana Sajjanar were among the Indian shooters who shone in the first-of-its-kind International Online Shooting Championship held on Wednesday. In the 10m air rifle event, Austria's Martin Strempfl finished at the top with 632.5, Sajjanar was second with 630.5 while Etienne Germond of France was placed third with 629.4.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
Dispelling fears that the swine flu threat may keep people away from theatres and multiplexes during the long weekend (August 14, 15 and 16), Kaminey, the latest Bollywood release produced by UTV, is estimated to have done business of around Rs 22 crore, with multiplexes accounting for nearly 55-60 per cent of the weekend business at the domestic box office.
Seven of the 10 most valued domestic companies together added Rs 1,31,173.41 crore in market valuation last week, with HUL and TCS emerging as the biggest gainers. Reliance Industries, Infosys, HDFC, Bajaj Finance and Wipro also saw a rise in their market valuations, while HDFC Bank, ICICI Bank and SBI suffered losses. The market capitalisation (m-cap) of Hindustan Unilever Limited (HUL) zoomed Rs 50,234.21 crore to Rs 6,15,016.63 crore.
The Sensex is expected to hit 24,500 by the end of 2014.
The current sky-high price of oil at $50 a barrel has been caused due to stockpiling by various countries, said Ged Davis, managing director, Centre for Strategic Insight, World Economic Forum, in New Delhi on Wednesday.
Thousands of truckers stayed off the roads for the fourth day on Tuesday to protest levy of a new tax, disrupting movement of goods and food-items that pushed the prices upwards.
Like life, elite sports can at the same time be cruel as well demanding. Virat Kohli had faced that for the past three years when he faced the run drought.
Government-owned oil firms on Saturday increased petrol and diesel prices by Rs 1.10 and Rs 1.42 per litre respectively in step with the rise in international fuel prices.
Celeb-inspired V-Day looks to copy...
Car designing firm Dilip Chhabria Design or DC Design, on July 15, unveiled the 'wonder car' used in Gordhan Tanwani's Rs 15-crore (Rs 150 million) thriller, Taarzan - The Wonder Car.
Avdheshanand urged people to not come to the Kumbh mela for bathing in large numbers due to the COVID-19 situation and to follow the rules.
Making a stellar debut, shares of FSN E-Commerce Ventures, which runs the online marketplace for beauty and wellness products Nykaa, closed with a huge premium of over 96 per cent against the issue price of Rs 1,125 on Wednesday. The stock debuted at Rs 2,001 apiece, reflecting a jump of 77.86 per cent on the BSE. Then, the scrip zoomed 99.83 per cent to Rs 2,248.10 during the day before closing at Rs 2,206.70.
In a hard-fought title round, the Indian double Olympics medallist stayed strong in the key moments to win 21-9, 11-21, 21-15 against the 22-year-old reigning Asian Championships gold medallist.
Recovered from Covid, Katrina shoots an ad...Aditi sends Geeli Puchis...
The top 10 valued firms added a total Rs 1,56,317.17 crore to their market valuation last week, helped by across the board rally which catapulted the benchmark index Sensex to the record 60,000 mark for the first time. During the last week, the 30-share BSE benchmark rallied 1,032.58 points or 1.74 per cent. The BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever. The market capitalisation (mcap) of Reliance Industries zoomed Rs 58,671.55 crore to reach Rs 15,74,052.03 crore. The m-cap of RIL went past Rs 16 lakh crore mark in intra-day trade on Thursday following a rally in its share price.
Nine of the top-10 most valued domestic companies together added a whopping Rs 2,22,591.01 crore in market valuation last week, with heavyweights RIL, TCS and HDFC twins gaining the most. During the last week, the BSE benchmark Sensex rallied 1,690.88 points or 3.21 per cent. The index reached its all-time high of 54,717.24 on August 5. Barring Bajaj Finance, rest nine companies -- Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, Infosys, Hindustan Unilever Ltd (HUL), ICICI Bank, HDFC, State Bank of India and Kotak Mahindra Bank -- logged gains.
Sindhu looked in complete control as she prevailed 21-15, 21-11 over world No. 36 Tan in a 29-minute match.
Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma will receive his stock grants only after the company's market capitalisation (m-cap) stabilises at its initial public offering (IPO) level, the financial technology (fintech) major said on Wednesday. Paytm's stock price has been in free fall since its IPO at Rs 2,150 apiece, with m-cap at around Rs 1.4 trillion - plunging 76 per cent to a lifetime low of Rs 520 on March 23, when m-cap dropped below Rs 34,000 crore. Since then, the company's share price on the BSE has recovered some value and closed at Rs 637 on Wednesday.
'Sure, we are teenagers who are doing this part time, but we feel we are making some sort of an impact.'
Equity benchmarks continued their winning momentum for the third day on Thursday and jumped over 1.50 per cent, tracking an overall bullish trend in Asian equities. On the political front, the BJP headed for a second straight win in politically crucial Uttar Pradesh and dominated the trends chart in three other states. The 30-share BSE benchmark Sensex opened in the green and further zoomed 1,595.14 points or 2.91 per cent to 56,242.47 during early trade.
Tracking the strong momentum in the broader market, as many as 99 stocks touched their one-year high level on the BSE on Monday.
Deepak G C, 49, an electrical engineer, shares his fascinating story.
From the 30-share pack, 18 stocks ended with gains led by SBI, which surged 27.58 per cent, and ICICI Bank 14.69 per cent.
Former US President Barack Obama has praised England forward Marcus Rashford for his work tackling child food poverty and the two discussed by video call how young people can make an impact on society.
The 30-share BSE Sensex opened positive, but shed some ground to settle the session higher by 250.47 points, or 0.78 per cent, at 32,432.69, its biggest closing since August 2.
The Indian men and women's hockey teams have turned tech-savvy in order to maintain social distancing while continuing with their indoor workout regime during the coronavirus-forced lockdown. The core probable group housed in the Sports Authority of India Centre here suspended high-intensity hockey training in the third week of March following a nationwide lockdown.
The stock market is likely to continue with its positive momentum but may face bouts of profit-booking amid lofty valuations in this holiday-shortened week, analysts said. The trading sentiment will be guided mostly by global trends in absence of major domestic events, they said. Markets would remain closed on Friday for 'Ganesh Chaturthi'.
Investor wealth has jumped over Rs 16.70 lakh crore as markets extended its winning streak to the sixth session on Monday. The BSE benchmark Sensex rallied 617.14 points or 1.22 per cent to close above the 51,000-mark for the first time on Monday. During the day, the benchmark index jumped to its all-time high of 51,523.38.
The live telecast of Tuesday's trust vote in Parliament saw the combined market share of Hindi news channels go up by 48 per cent, while those of the English news channels increased by 17 per cent compared with the previous week, according to television viewership monitoring agency, aMap.
Custom car maker Austin Coulson in the US set the record as the owner of the smallest roadworthy car, which he can legally drive on the road.
'I don't like anything negative said about my favourite Ranveer Singh.'
India's merchandise exports rose by 22.63 per cent year-on-year to $33.79 billion in September on better performance by key sectors like engineering goods and petroleum products, according to official data released on Thursday.
