Domestic carrier SpiceJet on Monday said it has raised Rs 3,000 crore through a Qualified Institutional Placement (QIP). The QIP, which opened on September 16 and closed on September 18, received an overwhelming response from qualified investors and got significantly oversubscribed, demonstrating strong confidence in the company’s growth prospects, SpiceJet said in a statement. It also said…
At a campaign rally in Pennsylvania on Saturday, Republican presidential candidate Donald Trump returned to the site of a July assassination attempt against him. He condemned his would-be assassin as a “vicious monster” and spoke from behind bulletproof glass, referencing the incident where he was grazed by a bullet. Trump also invited billionaire Elon Musk…
Tata Motors sold 4,680 units in September, in the electric vehicle (EV) segment, marking a significant drop from 6,050 units in the same month last year. Shares of Tata Motors Limited continue their rough patch after slipping over 4 percent to Rs 925 on October 3, fuelled by a rather weak September where sales saw a steep…
Mobile retailers are urging the Central government to prohibit Chinese-owned brands like iQoo (owned by Vivo), Poco (owned by Xiaomi), and OnePlus (owned by Oppo) from doing business in India. They claim that these brands engage in anti-competitive practices that result in financial losses for the government. All India Mobile Retailers Association (AMIRA), an apex body…
India’s current account deficit (CAD) widened marginally to $9.7 billion (1.1 per cent of GDP) in Q1 FY2024-25 from $8.9 billion (1.0 per cent of GDP) in Q1 2023-24 and against a surplus of $4.6 billion (0.5 per cent of GDP) in Q4FY2023-24, data released by the Reserve Bank of India stated. “The widening of…
