Latest Business News, highlights Today August 8, 2024: Vedanta to put $2.5 billion steel business sale on hold after share sale eases debt pressure: Report

Posted by August 8, 2024 Bussiness
Latest Business News, highlights Today August 8, 2024: Vedanta to put .5 billion steel business sale on hold after share sale eases debt pressure: Report

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Latest news on August 8, 2024: A man walks past the logo of Vedanta outside its headquarters in Mumbai, India, January 31, 2018. (Reuters)

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Aug 8, 2024 6:25 PM IST

Business News LIVE Updates : Vedanta to put $2.5 billion steel business sale on hold after share sale eases debt pressure: Report

  • The Anil Agarwal-led Vedanta had been working with advisors to sell its steel business to raise around $2.5 billion for reducing the company’s debt load


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Aug 8, 2024 5:26 PM IST

Business News LIVE Updates : Premature to talk about US recession based on one-month data: RBI Governor

  • RBI Governor Shaktikanta Das said the US economy has been doing well and that one can’t rush to a conclusion based on one month of unemployment data


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Aug 8, 2024 5:06 PM IST

Business News LIVE Updates : Mercedes-Benz confident of double-digit growth in India this year, rolls out two new top-end models

  • Mercedes-Benz has unveiled the GLC 43 4MATIC Coupe and CLE 300 Cabriolet AMG Line, priced at ₹1.105 crore and ₹1.10 crore, respectively


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Aug 8, 2024 4:50 PM IST

Business News LIVE Updates : Wipro Infrastructure Engineering acquires US-based Columbus Hydraulics

  • Columbus Hydraulics has been acquired to strengthen presence in the North American market, Wipro Infrastructure Engineering said in a statement.


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Aug 8, 2024 4:12 PM IST

Business News LIVE Updates : Godrej Industries increases hiring and introduces new policies for talent retention: Report

  • Godrej Industries increases hiring across sectors such as financial services (Godrej Capital), real estate (Godrej Properties), and agriculture (Godrej Agrovet)


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Aug 8, 2024 2:52 PM IST

Business News LIVE Updates : New UPI feature lets you authorise others to make transactions from your account

  • The primary user who is the account holder can authorise a secondary user to make transactions using their bank account up to a specified limit.


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Aug 8, 2024 1:46 PM IST

Business News LIVE Updates : Maruti Suzuki recalls 2,555 Alto K10s due to steering box defect, how to check if your car is affected

  • Maruti Suzuki recalls 2,555 Alto K10s after having recalled 11,851 Balenos and 4,190 WagonRs in March this year


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Aug 8, 2024 12:44 PM IST

Business News LIVE Updates : US judge rejects Byju’s US lender GLAS Trust’s effort to stop payment to BCCI

  • A US judge refused to block a debt payment, telling American lenders to take their complaints about the transaction to an Indian court


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Aug 8, 2024 11:52 AM IST

Business News LIVE Updates : Akasa Air to become one of world’s top 30 airlines by end of the decade, co-founder and CEO Vinay Dube says

  • Akasa Air overtook SpiceJet, taking a market share of 5%, adding a record 24 aircraft to its fleet, the fastest any airline has done so in India so far


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Aug 8, 2024 11:42 AM IST

Business News LIVE Updates : Sensex, Nifty fall post RBI monetary policy decision: Top gainers and losers

  • Stock market today: Continuous foreign fund outflows and weak trends in the US markets drove domestic equities lower.


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Aug 8, 2024 11:24 AM IST

Business News LIVE Updates : RBI keeps repo rate steady: Will there be any impact on your home loan EMIs

  • Owing to RBI maintaining the status quo, the home loan interest rates and equated monthly instalments (EMIs) remain unchanged for borrowers.


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Aug 8, 2024 11:09 AM IST

Business News LIVE Updates : India’s forex reserves hit record high of $675 billion as of August 2

  • Foreign exchange reserves also include India’s reserve tranche position in the International Monetary Fund.


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Aug 8, 2024 10:38 AM IST

Business News LIVE Updates : UPI limit increased from ₹1 lakh to ₹5 lakh per transaction

Aug 8, 2024 10:28 AM IST

Business News LIVE Updates : RBI MPC Meet 2024: Repo rate unchanged at 6.5% for ninth time in a row

Aug 8, 2024 10:11 AM IST

Business News LIVE Updates : Reliance Industries cut workforce by 11% in 2023-24, especially in retail segment

  • Reliance Industries cut its workforce by 11%, with Reliance Retail alone seeing 38,000 less employees at the end of FY 2023-24


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Aug 8, 2024 8:44 AM IST

Business News LIVE Updates : OpenAI sought Intel’s investment 7 years ago but this decision changed AI race

  • Over several months in 2017 and 2018, executives at OpenAI and Intel discussed various options, including Intel buying a 15% stake for $1 billion in cash.


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Aug 8, 2024 8:35 AM IST

Business News LIVE Updates : Ola may enter quick commerce sector to compete with Blinkit and Zepto? ‘Future roadmap is…’

  • The Bhavish Aggarwal company is also likely to launch its own Unified Payments Interface (UPI) offering for consumers.


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Aug 8, 2024 8:21 AM IST

Business News LIVE Updates : Will there be a recession in US? JPMorgan says 35% possibility by end of 2024

  • US recession: JPMorgan now sees just a 30% chance of the Federal Reserve keeping interest rates “high-for-long”.


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Aug 8, 2024 7:32 AM IST

Business News LIVE Updates : Nirmala Sitharaman on LTCG amendment: ‘We have courage to change’

  • Nirmala Sitharaman told Lok Sabha, “Without drastically increasing taxes, we have brought in a simplified taxation regime and eased compliance.”


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