New Guidelines for Social Media Influencers
Bhediya Movie Review – Varun Dhawan and Kriti Sanon’s comedy and thrill won hearts
Avatar: The Way of Water will release on December 16 in Hindi, Tamil, Telugu, Kannada, Malayalam and English
China Covid infections hit record high | Country reported 31,454 new covid cases on Wednesday
Shehzada Teaser Out – Kartik Aaryan surprised fans with an action-packed teaser
Allu Arjun’s Popular Movies To Watch | 5 Best Movies of Allu Arjun
Top 10 Movies of Amitabh Bachchan That You Should Watch
Aishwarya Rai Bachchan Photo Gallery | Aishwarya Rai Latest Hot Beautiful Images
Nora Fatehi Latest Hot Photos Collections | Nora Fatehi Bold Images
Best Biryani in Kolkata | Top 5 Best Biryani Places in Kolkata
View all stories

Tag: Business News

Avenue Supermarkets share price: DMart made a big jump after a long pause

Dmart Share Price: Avenue Supermarts, the retail giant operating under the DMart brand, has experienced a remarkable surge in its share price after a prolonged period. The company, led by Radhakishan Damani, delivered exceptional third-quarter results for the financial year 2024-25, boosting investor confidence.

On January 3, 2025, during the last trading session of the week, Avenue Supermarts’ stock skyrocketed by 15%, adding ₹554 to its value and reaching ₹4,165. This remarkable performance caused the stock to hit an upper circuit, signaling robust investor demand.

The company’s revenue for the third quarter rose by 17.5%, climbing to ₹15,565.23 crore compared to ₹13,247.33 crore in the same period the previous year. This impressive growth highlights DMart’s resilience and effective business strategy despite challenging market conditions. By December 31, 2024, Avenue Supermarts had expanded its footprint to 387 stores across India, underscoring its strong market presence.

Even amid a broader market decline on Friday, Avenue Supermarts’ stock displayed exceptional strength. The previous session’s closing price was ₹3,611, but the stock surged to ₹4,165 during intraday trading before stabilizing at ₹4,024, marking an 11.43% gain. Despite this rally, the stock remains significantly below its all-time high of ₹5,900, reflecting a previous 40% drop from peak levels.

Indian stock market improved on Friday after sharp fall on Thursday, Sensex jumps

Indian stock markets rebounded on Friday after experiencing a significant drop on Thursday. The recovery brought a sense of relief as key indices regained lost ground.

The Nifty index climbed back above 24,000, and the Sensex saw an impressive rise of over 300 points. Early trading on Friday reflected this positive momentum. The BSE Sensex gained 216.18 points, reaching 79,259.92, while the NSE Nifty rose 78.6 points to settle at 23,992.75.

At the market’s opening, the Nifty 50 index recorded a slight increase of 13 points, or 0.05%, reaching 23,927.15. Meanwhile, the BSE Sensex started with a minor drop of 10 points, or 0.01%, at 79,032.99 but quickly turned positive.

On the currency front, the Indian rupee weakened slightly, trading at 84.49 against the US dollar, a two-paise drop in early trading.

Foreign investors return to Indian stocks with net investment of Rs 4897 cr this week

This week (August 19–23), foreign investors returned to the Indian stock market in a big way.

The National Securities Depository Limited (NSDL) reports that foreign investors bought equity worth a net total of Rs 4,897.16 crore.

Comparing this to the previous week (August 12–17), when foreign portfolio investors were net sellers, selling stocks worth Rs 7,769.73 crore, is a big difference.

Sensex and Nifty Break Records: Sensex Opens at 80,322, Nifty at 24,369

Stock Market News: Indian stock markets scaled new heights on Thursday, as both the Sensex and Nifty opened at record highs. The Sensex opened at 80,322 points, while the Nifty opened at 24,369 points. This comes after a remarkable surge of more than 3,000 points for the Sensex since June 10th.

Market analysts attribute the rally to a combination of factors, including positive global cues and upbeat domestic investor sentiment. The ongoing earnings season for Indian companies has also been positive, with many companies reporting strong financial results. This has boosted investor confidence and led to increased buying activity in the stock markets.

Experts believe that the Indian stock market rally is likely to continue shortly. They cite several factors that could support further gains, such as continued positive sentiment from global markets, healthy corporate earnings, and a stable economic outlook in India.

Big relief from gas cylinder prices, Commercial LPG cylinder prices cut by Rs 83.50

Commercial LPG Cylinder Price: This month, there has been a significant decrease in the cost of gas cylinders. This relief has been provided to small business owners and hoteliers rather than to the general public. Actually, this month, commercial LPG Cylinder rates were reduced by Rs 83.50 by government petroleum firms.

This deduction has only been applied for commercial 19-kilogram cylinders. Beginning on June 1, the revised tariffs for 19 kg commercial cylinders are in effect. In Delhi, the price of the industrial cylinder has decreased by Rs 83.5, to Rs 1773.

How much is the price in which city

Jaipur – 1106.5
Bengaluru – 1105.5
Bhopal-1108.5
Udaipur – 1134.5
Indore – 1131
Kolkata – 1129
Chennai – 1118.5
Agra – 1115.5
Chandigarh – 1112.5
Delhi – 1103
Mumbai – 1102.5
Patna – 1201
Lucknow – 1140.5
Kanya Kumari – 1187
Andaman – 1179
Leh-1340
Aizawl-1260
Ranchi – 1160.5
Srinagar – 1219
Dehradun – 1122
Visakhapatnam – 1111
Ahmedabad – 1110
Shimla – 1147.5
Dibrugarh – 1145

Adani shares boom, Adani Wilmar and Port shares stormy

Stocks of most companies in the Gautam Adani-led Adani Group jumped on Tuesday, with shares breaking their downward trend. Everyone is seeing rapid growth, from Adani Wilmar to Adani Transmission.

Related Post – Top 10 Fashion Bloggers in Kerala who rocked the Fashion World with their Trend

Since the stock market opened, the price of Adani Enterprises’ stock has increased by a startling 20%. Following the release of the group report by the American research firm Hindenburg on January 24, 2023, these shares saw a decrease.

Shares of Adani have risen dramatically. Let’s start by discussing the increase in shares of Gautam Adani’s enterprises, Adani Wilmar Ltd, which rose 4.99 percent to Rs 398.90 as of the news’ publication time at 01:12 am. However, Adani Transmission Ltd was up 5% and traded at a level of Rs 1,319.25.

The decline came from Hindenburg’s report

Let us inform you that there was a sharp decrease in the price of Adani Group shares following the release of the report by the American research firm Hindenburg. The shares of the Adani Group decreased by 66 percent as a result of this report. Along with this, the group’s market valuation declined by $ 117 billion, and on Monday, Gautam Adani fell from fourth to number 22 on the list of the world’s top billionaires.

Know how many days will be bank holidays in February, check here bank holiday list in February 2023

List of Holidays in February 2023: The month of January 2023 will end in about a week. Then February 2023 will start. It will be a 28-day month this time around, February. In this February month, there are several bank holidays, including Mahashivaratri, in addition to the Saturday and Sunday holidays.

Related Post – Top 10 Fashion Bloggers in Kerala who rocked the Fashion World with their Trend

The Reserve Bank of India has made public its list of bank holidays for the month of February (RBI). Banks will be closed for 10 days in various states throughout the month of February, according to the official website of the RBI.

If you have any critical banking work that is stalled this month, get it done right now. Let’s take a look at the Bank Holidays in February 2023.

February 2023 Bank Holidays:

5 February 2023 – All banks will be closed on Sunday.

11 February 2023- All banks will remain closed on the second Saturday.

12 February 2023- Banks throughout the country will be closed on Sunday.

15 February 2023 – On the occasion of Lui Ngai Ni, banks in Hyderabad will remain closed

February 18, 2023 – On the occasion of Mahashivaratri, banks will be closed in Bengaluru, Hyderabad, Kanpur, Lucknow, Mumbai, Nagpur, Raipur, Ranchi, Shimla, Thiruvananthapuram, Ahmedabad, Belapur.

19 February 2023- Due to Sunday, all banks will be closed.

February 20, 2023 – On the occasion of State Day, banks in Aizawl would stay closed.

February 21, 2023- On Losar, banks in Gangtok will be closed.

February 25, 2023- The fourth Saturday of the month will be a bank holiday.

February 26, 2023- Due to Sunday, all banks in the country will be closed.

Wave of retrenchment continues, now Spotify and InMobi are also laying off employees

The wave of layoffs is currently underway in full force. And every day, some story about this makes headlines. And one such alarming report that huge firms have undertaken widespread layoffs came to light yesterday. Spotify and InMobi are their names.

Related Post – Buy 100% Real Instagram Followers & Likes in Dubai UAE

Spotify laid off 600 employees

Major Spotify Technology-related news has just been released. Global layoffs are planned by the Spotify Technology Company. In this, it is said that 6% of the workforce will be let go.

According to media sources, the Spotify corporation announced on Monday that it will be laying off 600 people, or 6% of its workforce worldwide. CEO of the Swedish firm Daniel Ek made this announcement.

InMobi lays off 50-70 employees

The first unicorn in India has announced the layoffs of thousands of workers. There have been between 50 and 70 layoffs at InMobi. This layoff has affected both InMobi and its other company, Glance. Till now this news has not been confirmed by the InMobi officials.

Good news amid wave of layoffs! Hiring is expected to increase by 40-45% in these sectors

News of layoffs is currently spreading from all directions. India is one of several countries where IT startups and enterprises have lately let go of thousands of people. Google’s parent company Alphabet Inc. is also experiencing the wind of retrenchment and is about to lay off 12,000 employees.

Related Post – Best Luxury Hair Salons In Kolkata

However, there appears to be some alleviation in the country’s telecoms and related industries for the time being. A survey claims that employment in the telecommunications industry and allied industries has increased by 30–36% during the past three to six months. At the same time, recruiting in these industries is anticipated to rise by 40–45% during the next two years.

He stated that by the end of FY 2022, there were around 40 lakh people working in telecommunications and related industries. By the end of FY 2026, this number is expected to rise to 60 lakh.

24,151 employees were laid off this year

According to Layoff Tracker, a website that analyses layoffs, as of January 15 this year, 24,151 people had been let go by organizations including Amazon, Coinbase, and Salesforce. Companies including Meta, Twitter, Oracle, Snapchat, Uber, and Intel also let go of roughly 1,53,110 workers last year, or in 2022.

Bad news for Amazon employees! is laying off 18 thousand staff

Despite the global recession, Amazon, an online retailer, has made a significant statement. Amazon said on Thursday that it will be firing around 18,000 workers.

Related Post – Best Luxury Hair Salons In Kolkata

Beginning on January 18, this retrenchment procedure will take place. The people who work in the company’s e-commerce and human resources (HR) departments will be most affected by this significant layoff, according to a message issued by CEO Andy Jassy.

This was revealed by the company’s CEO, Andy Jesse, in a memo to staff members on Wednesday. Amazon had previously announced the layoff of 10,000 employees, but that number has already been upped to 18,000.

“After lockdown, no additional staff is required.”

The business also claimed to have employed a large number of new employees during the Corona pandemic. There was no need for these folks in such a scenario after the lockdown began in the nations. The business can now retrench these individuals widely in such a circumstance.

Exit mobile version