Market News
Stay updated with the latest market trends, earnings, and economic indicators.
US ‘meritocratic’ made rise possible: Indra Nooyi says, ‘would never be Pepsi CEO in any other country, including India’
Indra Nooyi, former PepsiCo CEO believes that the US meritocratic system, enabled her rise. Speaking to former US Secretary of State Condoleezza Rice, Nooyi said she never would have been “a chief executive of a global company in any other country, including India”.
Union Bank of India Q1 Update: Global business up 8%, deposits rise 4% YoY
Shares of Union Bank of India Ltd ended at ₹174.40, down by ₹0.45, or 0.26%, on the BSE.
Private jet operators seek relaxations in FDTL, EDTO norms
Aviation regulator DGCA is poised to form a committee to review pilot flight duty norms for chartered flights following a request from the Business Aircraft Operators Association (BAOA). The association seeks relaxations, including aligning long-range business jet rules with global standards and extending Extended Diversion Time Operations (EDTO) from 90 to 120 minutes. These proposed changes aim to enhance operational flexibility and safety for business aviation.
India's solar sector a big opportunity, could become exporter to Europe: Renewables Norway CEO
India's burgeoning solar power sector is a significant driver for global climate action, according to Renewables Norway CEO Bard Vegar Solhjell. He highlighted India's potential to become a major exporter of solar components to Europe if it develops its manufacturing capabilities.
Market Pulse: Key triggers to watch ahead of the July 3 trading session
Market Pulse July 3: Global cues remain supportive as US stocks traded higher after weaker-than-expected jobs data reinforced hopes of a prolonged pause in Federal Reserve rate hikes. Domestically, investors will track Adani Enterprises’ ₹10,000-crore QIP launch and developments in energy markets after the government ruled out an immediate fuel price cut. Technically, Nifty’s close above its 100-day moving average has improved sentiment, with analysts seeing scope for a move towards 24,300-24,500, while 24,000 remains a key support level.
I would never have been CEO in any other country, including India: Indra Nooyi
Former PepsiCo chief Indra Nooyi credits the US' "meritocratic" system for her success, stating she couldn't have reached CEO status in any other nation, including India. She emphasised how the US commercializes global innovations, allowing immigrants to rise. Nooyi urged her daughters to cherish these opportunities and preserve the nation's spirit, highlighting the system's focus on talent over background.
Stocks to Watch for July 3: Adani Enterprises, Marico, Punjab National Bank and more
From Adani Enterprises launching QIP to PNB's global business rising 10.32% year-on-year; here are some stocks to track ahead of Friday trading session.
PNB Q1 Update: Global Business Hits Landmark Rs 30 Lakh Crore, Domestic Up 9.9%
Punjab National Bank (PNB)
Visa Says Payment Authentication Must Move Beyond OTPs Amid AI Boom
The global payments major launched its 'Payment Passkey' solution in India.
Why petrol and diesel prices haven't fallen yet? Hardeep Singh Puri hints at rate cut after sustained low crude prices
Fuel prices might see a dip if international crude oil rates stay low for a few more weeks, according to Union Minister Hardeep Puri. Oil companies are currently using crude purchased at higher prices during the West Asia conflict, leading to past losses. However, sustained low global prices could pave the way for a reduction at the pump. India also plans to boost its oil storage capacity.
Airlines Skip Rs 10,000-Crore ATF Price Scheme After Fall In Global Oil Prices
On July 1, ATF prices in fact dropped to Rs 110 per litre from Rs 115 rate that was announced on June 9.
Air India Cuts Fuel Surcharge Up To $125 On International Routes As ATF Prices Ease
The move comes after a sharp moderation in global crude oil prices and ATF prices.