Top cryptocurrency prices on May 1: Major cryptocurrencies trade in the red, bitcoin hovers around $25,000

The volume of all stablecoins is $30.06 billion, which is 91.12 percent of the total crypto market 24-hour volume

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Reasonable valuation, rupee rise attract Rs 11,630 crore FPI funds into equities

With this, FPIs have taken out Rs 14,580 crore from equities in 2023 so far and invested Rs 4,268 crore in the debt markets during the period.

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India, Russia to explore possibility of the use of RuPay and Mir cards

India and Russia will explore the possibility of accepting RuPay and Mir cards in each other#39;s country for hassle-free payments amid ..

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#39;Extend implementation of quality control norms by 12 months for footwear; industry not ready yet#39; : Industry players

Global Trade Research Initiative (GTRI) co-founder Ajay Srivastava said there is a need for the government to provide clarity on the selling of existing stock.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/39extend-implementationquality-control -norms-by-12-months-for-footwear-industry-not-ready-yet39industry-players_16978361.html

Latest news today: Atishi orders inspection of all govt-run children#39;s homes in Delhi

Latest news updates: According to officials, Delhi Women and Child Development Minister Atishi has directed an emergency inspection of every government-run children#39;s home in Delhi and requested a report on each by May 15.

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Latest news today: 100th episode of PM Modi#39;s #39;Mann Ki Baat#39; to be broadcast live in UN HQ

Latest news updates: The 100th episode of PM Modi#39;s monthly radio programme #39;Mann Ki Baat#39; will be broadcast live at the United Nations headquarters in New York.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/latest-news-today-100th-episodepm-modi39s-39mann-ki baat39-to-be-broadcast-liveun-hq_16978311.html

Centre laments non-utilisation of fund by state animal husbandry departments; urges states to spend

Livestock Census covers all domesticated animals and its headcounts for total 16 species of animals including cattle and buffalo.

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Strongly believe scooter market will be all electric in next 2 years: Ola CEO Bhavish Aggarwal

Interestingly, despite being in the market since January 2022, Ola Electric vehicle (EV) sales have led the business segment to become “India#39;s No. 1 EV company by revenue, bigger than even four-wheeler EV companies,” said Aggarwal

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Every village to be connected with 4G by 2024: says Devusinh Chauhan, MoS Telecom

The minister said that 4G network in all uncovered villages will lead to socio-economic transformation and bridge digital divides.

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LT Finance Q4 net up 46% to Rs 501 crore on higher loan sales, margin

The year also saw the highest annual retail disbursements of Rs 42,065 crore, driven by strong growth across all retail segments, which in turn was an accelerated reduction in wholesale book by 54 per cent to Rs 19,840 crore.

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Top cryptocurrency prices on April 29: Major cryptocurrencies trade in green, Bitcoin hovers around $25,000

The total crypto market volume over the last 24 hours is $38.03 billion, which makes a 22.85 percent increase.

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Adani Cement pays back $200 million Holcim debt

The pre-payment will help billionaire Gautam Adani’s firm seek an extension of the debt taken to fund the acquisition by three years, said one of the people, who declined to be identified as the matter is private.

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Wizz Air: The European airline which has India in its sights

In an interview, CEO Jozsef Varadi pointed to India as a growing opportunity with the potential for #39;immense development#39;, as the leading European budget airline looks to add Airbus#39;s long-haul A321 XLR aircraft to the fleet

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Wipro Q4 FY23 – A subdued quarter somewhat saved by a large buyback

Higher bookings not translating into revenue growth is a puzzle; execution needs to pick up for Wipro

from Moneycontrol Business News https://www.moneycontrol.com/news/business/wipro-q4-fy23-–-a-subdued-quarter-somewhat-saved-bylarge-buyback_16976741.html

Elon Musk ramps up AI efforts, even as he warns of dangers

Musk has ramped up his own AI activities, while arguing publicly about the technology’s hazards.

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Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories this evening to help you stay at the top of your game.

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Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories this evening to help you stay at the top of your game.

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Industrial deals resurge in nuts and bolts

The eye-watering multiples that many manufacturers paid for software deals during the pandemic generally weren’t well received by investors, so they#39;re returning to their roots

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Nomura expects mid-sized companies to drive India MA

“Indian corporates will start becoming buyers of assets rather than sellers,” Amit Thawani, head of India coverage investment banking at Nomura, said in an interview with Bloomberg Television on Thursday.

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IntelliSmart gets order to install 67 lakh smart prepaid meters from UP govt

The discom Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) has issued the Letter of Award (LOA) to this effect, IntelliSmart said in a statement.

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Gujarat Gas cuts industrial gas prices from May 1: Sources

Price of industrial segment gas will be Rs 40.62/scm, down by Rs 5.29/unit

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Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories this evening to help you stay at the top of your game.

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Essar to invest Rs 2,000 crore in Bengal#39;s brownfield CBM project

The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and producing nearly 0.9 million metric standard cubic metres (mmscd) of gas per day.

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SP Global Ratings raises long-term credit ratings on Tata Motors to #39;BB#39; from #39;BB-#39;

As per SP ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions.

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Hyundai India unveils glimpse of its micro-SUV Exter#39;s front-end

Apart from the Tata Punch, Exter will also compete with the French carmaker Citroen’s C3 SUV and lower-spec, naturally-aspirated variants of other compact SUVs like the Nissan Magnite, Renault Kiger, and the upcoming Maruti Suzuki Fronx.

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MC Insider: Cynosure of all eyes, the best PR award and more

Read untold stories from the world of business and corridors of power

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Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

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Ingka partners with PVR Inox for upcoming Gurgaon centre, to open 9-screen movie theatre

Ingka Centres#39; latest Meeting Place at Gurgaon is scheduled to open in late 2025, offering retail, green areas, workspaces, as well as spaces for community events, a joint statement said.

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Rakul Preet Singh launches diaper brand, gives a few tips on how to keep body, environment fit

New Boo, which is a biodegradable reusable diaper brand, is the actor-entrepreneur’s way of doing her bit for the environment. The brand offers a pack of three diapers for Rs 800 and is available online. The plan is to make it available in stores as well

from Moneycontrol Business News https://www.moneycontrol.com/news/business/rakul-preet-singh-launches-diaper-brand-givesfew-tipshow-to-keep-body-environment-fit_16970881.html

Yes Bank: A no despite likely earnings traction

Business growth of Yes Bank and margin performance will take long to catch up with peers; costs will also remain elevated

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Should you bank on IndusInd Bank’s next 3-year planning cycle?

The earnings trajectory for IndusInd Bank in the coming two years is strong and the valuation is extremely undemanding

from Moneycontrol Business News https://www.moneycontrol.com/news/business/should-you-bankindusind-bank’s-next-3-year-planning-cycle_16970291.html

Citi India plans to launch sustainability-linked deposits soon

Money raised from these deposits will be invested by Citi to help multinational customers meet their environmental, social and governance obligations in India, the people said.

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Adani Group begins $130 million debt buyback, first since Hindenburg report

APSEZ floated a tender to buy back as much as USD 130 million of its July 2024 bonds and similar amounts in each of the next four quarters, it said in an exchange filing, as it looks to regain investor confidence by showing that its liquidity position is comfortable.

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Solar Industries India bags Rs 212 crore order from Ministry of Defence

"Economic Explosives Ltd, a wholly-owned subsidiary of the company has signed a contract for supply of loitering munition with the Ministry of Defence," Solar Industries India said in a regulatory filing.

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Travel service provider EaseMyTrip offers special summer sale amid surge in travel demand

EaseMyTrip reported 4 percent year-on-year (YoY) growth in consolidated net profit at Rs 42 crore for the three months ended December 2022.

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JM Finance arm, Indostar Capital explore strategic options in home loan space

The companies disclosed that the discussions between the two housing finance companies are currently at a preliminary stage and are non-binding in nature.

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Adani Ports floats tender to repurchase $130 mn of outstanding loan to ease debt load

Approximately 39 percent of the group#39;s overall debt consists of foreign currency bonds.

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Latest news today: Countdown for BRS Government has begun: Amit Shah

Latest news updates: K Chandrasekhar Rao-led BRS Govt in Telangana is on the verge of being overthrown, and according to Union Minister Amit Shah, the BJP would continue to fight until that happens.

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Unsold housing stocks decline 6% to 5.18 lakh units in January-March in 14 cities: Report

Unsold inventories stood at 5,17,879 units during January-March this year against 5,48,217 units in the preceding quarter.

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PSLV-C55 successfully places 2 Singapore satellites into intended orbit: ISRO

The 44.4 metre tall rocket blasted off from the first launch pad at the end of a 22.5 hour countdown

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Yes Bank#39;s net profit drops 45% YoY in January-March on higher provisions

Yes Bank#39;s net profit fell to Rs 2.02 billion ($24.63 million) for the reporting quarter from Rs 3.67 billion in the same period a year earlier.

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GST not applicable on transfer of Jaipur International airport business to Adani group

The Adani Group had in October, 2021, taken over the operations, management and development of the Jaipur International Airport from the AAI.

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Latest News Today: Fire breaks out at Delhi#39;s Vikas Bhawan

Latest News Updates: Four firefighters tend to the fire that broke out at Delhi#39;s Vikas Bhawan

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Credit Suisse takes SpiceJet to Supreme Court over unpaid dues

SpiceJet said it will pay one tranche today, on April 21 and the next in May. The court will next hear the case on May 17

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Investors face a new normal, what should their strategy be?

Q4 results are sending a message that global uncertainty is catching up with Indian stock markets. It calls for caution but also signals opportunity

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HCL Tech Q4 FY23 – Navigated the troubled macro well

For HCL Tech, decent deal win, steady hiring, and realistic guidance marked the quarter

from Moneycontrol Business News https://www.moneycontrol.com/news/business/hcl-tech-q4-fy23-–-navigatedtroubled-macro-well_16966491.html

India#39;s merchandise exports may cross USD 500 billion this fiscal: Exporters

They said that other destinations like Russia would give a huge boost to the country#39;s outbound shipments, particularly in the agri and food processing sectors.

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Can Manappuram Finance shine even in face of headwinds?

The makeover will turn the erstwhile pure gold financier into a riskier business model

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Fund Managers still shy of ramping up Adani bet

Investments by local equity mutual funds in the group accounted for only 0.9 percent of the industry’s $182 billion in assets at the end of March, according to data compiled by Bloomberg

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GlobalFoundries sues IBM, says trade secrets were unlawfully given to Japan#39;s Rapidus

New York-based GlobalFoundries said in its complaint that IBM had shared IP and trade secrets with Rapidus, a new state-backed Japanese consortium that IBM is working with to develop and produce cutting-edge two-nanometre chips.

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