Business / The Economic Times
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to USD 450 million via sale of dollar bonds, sources said.
Increased uncertainty during elections can lead to higher market volatility. Options trading strategies like straddles or strangles can be effective in profiting from price swings or hedging against unexpected market moves.
AAP leader Atishi on Saturday claimed that Swati Maliwal is facing charges and potential arrest in an illegal recruitment case registered by the ACB and has been made the face of a conspiracy by the BJP. She further added that if CM Arvind Kejriwal had not been busy when Maliwal visited him, she might have accused him instead of Bibhav Kumar in the assault case.The AAP leader added that if the Delhi Police were impartial, they should register a case based on Delhi CM's aide Bibhav Kumar's compla
When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day.
Fresh signs of a cooling economy calmed inflation worries in May, helping all three major U.S. stock indexes rise to records this week. The benchmark S&P 500, which fell over 4% in April, is now up 11% year-to-date.
Apart from the new issues, D-Street will see as many as 8 listings including that of the Go Digit General Insurance, which opened for subscription in the week gone by and generated significant enthusiasm among investors, reflecting the broader positive market sentiment.
Sensex today: Saturday market is likely to witness low volumes as it's a special trading day as part of a disaster recovery exercise. The session is divided into two parts from 09:15 am to 10 am and 11:45 am to 12:40 pm.
Trading will occur in two sessionsfirst, from 9:15 am to 10:00 am, and second from 11:30 am to 12:30 pm. Traders will be allowed to place only delivery trades, with no intraday trading permitted.
Sony Pictures Entertainment and Apollo Global Management have taken a significant step forward in their effort to court Paramount, three people familiar with the matter said Friday. The two companies have signed nondisclosure agreements with Paramount, allowing them to look at Paramount's nonpublic financial information, said the people, who spoke on the condition of anonymity to discuss active negotiations. Paramount previously shared materials with another suitor, Hollywood studio Skydance. Ea
Currently, there is ambiguity regarding rules on investments in such overseas funds. This deters mutual funds from investing in those overseas mutual funds and index funds that invest in a basket of countries, including India.
The GSDR report sheds light on ongoing discussions with Credit Rating Agencies (CRAs) regarding their approach to various debt restructuring options. It underscores the need to find ways to better integrate CRAs into the debt relief process paving the way for sustainable solutions for LMICs.
The Reserve Bank of India (RBI) has responded to tight liquidity conditions in the banking system by announcing a significant reduction in the government's treasury bill sales and introducing a new selection of bonds for the Centre's buyback operations. This move aims to alleviate cash constraints for banks, which have been exacerbated by muted government spending during the ongoing general elections. By reducing the supply of treasury bills and offering bonds for repurchase at acceptable prices
Chief Economic Adviser V Anantha Nageswaran called for capital market reforms 2.0 at the CII Annual Business Summit, emphasizing India's upcoming inclusion in JP Morgan and Bloomberg bond indices and the importance of managing foreign flows.
Global Health (Medanta) reported 26% year-on-year (YoY) jump in net profit to Rs 127.3 crore in Q4FY24 due to increase in revenue growth from matured and new hospitals, along with higher patient volumes.
Auto and metal stocks helped Indian benchmark equity indices on Friday log their best week since early February. The market would be open this Saturday as part of a disaster recovery exercise. MACD showed bullish trade on the counters of Bharat Rasayan, Lux Industries, Data Patterns, TeamLease Services. Tata Steel, Tata Motors, SBI, ONGC were the most traded stocks.
Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.
The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.
The Federation of Indian Spice Stakeholders (FISS) on Friday said India's spice export may decline nearly 40 per cent in FY25 if the issue of ethylene oxide or EtO contamination in spices meant for exports is not addressed at the earliest. The statement came against the backdrop of Hong Kong and Singapore banning the sale of popular brands MDH and Everest after detecting carcinogenic chemical ethylene oxide in their products, leading to a mandatory recall from shelves.
India could become the third largest economy globally by 2027-28 if the country continues the growth momentum witnessed in the last two decades, 16th Finance Commission Chairman Arvind Panagariya said on Friday. He also said that during the last two decades, beginning 2003-4, India has ended extreme poverty. The extreme poverty, currently, is not more than 3 per cent of the total population.Growth has been across the board because poverty does concentrate in rural areas. With overall poverty fal
Here is what Franklin Templeton Mutual Fund bought and sold from its portfolio in April.
LT Foods, owner of basmati rice brands 'Daawat' and 'Royal', on Friday posted a 14 per cent jump in consolidated net profit at Rs 150.24 crore for the fourth quarter of fiscal 2023-24 on robust sales. The company's profit stood at Rs 131.81 crore a year earlier.
Zydus Lifesciences on Friday said its consolidated net profit surged four-fold to Rs 1,182 crore for the fourth quarter ended March 31, 2024 on higher sales. The drug firm had reported a net profit of Rs 297 crore in the January-March quarter of the 2022-23 fiscal.
Realty firm Sobha Ltd on Friday reported 86 per cent decline in consolidated net profit to Rs 7.02 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 48.57 crore in the year-ago period.
The National Testing Agency said on Friday that the CUET-UG exam at a centre in Uttar Pradesh's Kanpur where the wrong question paper was distributed will be conducted on May 29. The agency also denied reports of the question paper being leak at the centre. The exam will be conducted on May 29 for over 220 students at an exam centre at Maharana Pratap Group of Colleges in Kanpur. This decision was taken after a wrong question paper was distributed on May 15, a senior National Testing Agency (NTA
Nifty has 50 stocks which are selected based on a free-float m-cap weighted method, wherein the level of the index reflects the free-float m-cap of all stocks in the barometer. HDFC Bank has the highest weightage in Nifty at 11.48%, followed by RIL, ICICI Bank, Infosys, and L&T
Hitting a 52-week high is important as it reflects a stock's peak value over the previous year, which carries significant implications for traders and investors.
Led by auto, banking and metal stocks, markets ended the day in green.
The Telecom Regulatory Authority of India (Trai) will further strengthen rules around pesky communications, including increasing penalties, as it looks to curb the menace hurting mobile phone consumers. The regulator will also come out with a consultation paper in the coming months to tighten the rules.Already there is a Trai regulation and a robust system in place. But some people are misusing the system, so we will revise the system and make it stronger, Trai chairman Anil Kumar Lahoti said Fr
The Nifty Bank index closed 0.29 per cent up at 48115.65.
The Nifty IT index closed 0.85 per cent down at 33381.85.
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
The Reserve Bank of India (RBI) has approved the appointment of Pradeep Natarajan as Whole Time Director on the Board of IDFC FIRST Bank, the private sector lender said. RBI...has accorded its approval to appoint Pradeep Natarajan as Whole Time Director, designated as Executive Director of the bank for a period of three years, IDFC FIRST Bank said in a regulatory filing on Thursday. The bank further said it will take the necessary steps to complete the formalities for the appointment of Nataraja
The Nifty Auto index closed 1.74 per cent up at 23285.65.
Niket Shah of Motilal Oswal MF discusses investment themes like AI in Indian IT, re-rating opportunities in EV and medical devices, and triggers in the telecom sector such as 5G adoption and pricing strategies.
The Nifty Realty index closed 1.67 per cent up at 997.1.
Stating that consumption-led sectors will do better, irrespective of which government comes to power, Amnish Aggarwal gave out a list of 35 stocks like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, consumer durables, and telecom.
The Nifty Pharma index closed 0.08 per cent down at 18981.6.
The Directorate General of Foreign Trade (DGFT) is exploring global trade finance practices to align with India's future needs. Over 2.5 lakh bank realisation certificates (BRCs) have been self-generated under the revamped eBRC system, boosting ease of doing business. Stakeholders emphasize the importance of data flow in export credit and aim to enhance the trade finance ecosystem in India.
Stocks that saw the highest selling by Dalal Street's top investors during Q4
The return of 'Roaring Kitty' sparks a rally in meme stocks like GameStop and AMC. Dogeverse tokens with staking rewards see significant gains. Sealana and Pepe make waves in the meme coin space. WienerAI with an AI-powered trading bot performs exceptionally well.