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BSE, NSE to remain closed tomorrow for Mumbai elections? Here's what you need to know

The Multi-Commodity Exchange (MCX) will be closed for the morning session but open for the evening session.

19 May 2024 9:55 pm
F1 Italian Grand Prix: Max Verstappen clinches nail-biting Imola victory, Lando Norris pushes to the final second

The win marks Verstappen's fifth in seven races this season and the 59th of his career, solidifying his dominance in the championship.

19 May 2024 9:23 pm
IndiGo to Vistara: Why airlines continue to face challenges

While new airports are coming up fast and passenger traffic is scaling all-time high levels, flight cancellations and delays continue to affect travellers

19 May 2024 8:51 pm
400 plus for BJP or a truncated win? How to read the markets before the big verdict on June 4

The uncertainty about the election results stems from the difficulty in getting it right in a nation of the size and complexity of India and currents and cross-currents of electoral politics.

19 May 2024 6:41 pm
D-Street rebounded sharply amid rising hopes for rate cut, positive global cues. What to expect from FIIs?

The BSE Sensex surged 1,341 points, or 1.85percent, to 74,006 during the week ended on May 18. The Nifty gained 447 points, or 2.03percent, to 22,502. Sector-wise, the BSE Capital Goods index was the top performer surging by 10percent.

19 May 2024 3:13 pm
FPIs withdraw Rs 28,200 crore from Indian market on poll uncertainties, attractive China valuations

This withdrawal surpasses the net pullout of over Rs 8,700 crore in April, attributed to concerns over a tweak inIndiastax treaty with Mauritius and a sustained rise in US bond yields, PTI reported. Before this, FPIs made a net investment of Rs35,098 crore in March and Rs 1,539 crore in February.

19 May 2024 2:32 pm
Abbott India eyes 45% female representation in management team, 1 lakh youths in STEM programmes by 2030

Addressing the global STEM worker shortage, Abbott plans to create opportunities for over 1,00,000 youths, including 50% from underrepresented groups, to participate in STEM programmes and internships by 2030.

19 May 2024 1:49 pm
Market cap of 8 of top 10 most valued firms climbs Rs 1.47 lakh crore; LIC, Reliance majorgainers

The valuation of LIC zoomed Rs 40,163.73 crore to Rs 6,16,212.90 crore. Reliance Industries added Rs 36,467.26 crore, taking its market valuation to Rs 19,41,110.70 crore.

19 May 2024 12:07 pm
Asian Paints, Berger Paints, Kansai Nerolac: Which paint major to bet on post Q4 results?

While maintaining a Buy call on Asian Paints, Systematix Institutional Equities in a report said that the paint major delivered weaker-than-expected Q4FY24 results.

19 May 2024 11:57 am
Tata Motors hikes investment outlay to Rs 43,000 crore for FY25 on new products and technologies

In FY25, for JLR, the investment will be more like 3.5 billion pounds, broadly Rs 35,000 crore, because all the product plans we had are coming together (next year), Tata Motors Group CFO PB Balaji said in an earnings conference.

19 May 2024 11:31 am
'Would you do business with someone who's just barged into your drawing room': Jaishankar to India Inc on China deals

The external affairs minister underlined the need for using a ational security filter in doing business with China.

19 May 2024 9:28 am
'Hasn't ended well...': After Nirmala Sitharaman, CEA Anantha Nageswaran raises an F&O red flag

Finance Minister Nirmala Sitharaman had earlier this week cautioned against an unchecked explosion in retail F&O trading saying it may potentially create problems in household finances.

18 May 2024 8:21 pm
Stop using banned calcium carbide for ripening fruits, gov warns traders as mango season peaks

The government also said that the State and Union Territory Food Safety Departments have been put on alert and urged to take action against violators under the provisions of the FSS Act, 2006.

18 May 2024 7:35 pm
Why Indian retail pharmacy sector is on a growth trajectory

Pharmaceutical analysts have indicated that the sector's growth outlook remains positive.

18 May 2024 7:09 pm
Wealth creation ultimately births national pride: More big names support PM Modi's stand on wealth creators

Building blocks of nation will need creators of every kind, says Harsh Goenka; Khaitan & Cos Haigreve Khaitan and PwC India boss Sanjeev Krishan also laud PM

18 May 2024 5:01 pm
Up to 1,200% growth in FY24 profits: These 7 large-caps have rallied sharply amid multi-fold surge in PAT; own any?

Led by strong rise in profitability, these stocks have also rallied sharply and given up to 200% return in the last one year.

18 May 2024 3:19 pm
Renowned banker and Padma Bhushan recipient Narayanan Vaghul, architect of ICICI Bank, dies at 88

A career banker who started his career in the State Bank of India, became the youngest chairman of a state-run lender Bank of India at 44. He was asked to head ICICI Bank during the Rajiv Gandhi administration.

18 May 2024 3:02 pm
Majority shareholders of IDFC First Bank approves amalgamation of IDFC Ltd with lender

On December 27, IDFC Ltd said the Reserve Bank of India (RBI) has givenno objection certificate (NOC) for the amalgamation of IDFC Limited, IDFC FHCL, and IDFC First Bank.The boards of IDFC Financial Holding CoLtd, IDFC Ltd, and IDFC First Bank had approved the merger in July 2023.

18 May 2024 1:51 pm
Sensex closes above 74,000, Nifty ends above 22,500 in special trading session

The BSE's barometer Sensex rose 88.91 points, or 0.12 per cent to 74,005.94-mark. NSE's Nifty50 gained 35.90 points, or 0.16 per cent, to 22,502.00.

18 May 2024 1:15 pm
OYO withdraws DRHP, to refile IPO post $450 mn refinancing: Sources

OYO had filed preliminary IPO documents with the Securities and Exchange Board of India (Sebi) for a Rs 8,430 crore IPO in September 2021.

18 May 2024 12:31 pm
Majority shareholders reject Nestle India's royalty hike proposal to Swiss parent

In2019, the company said that it would seek approvalfromits shareholders every five years for royalty payments tothe parentcompany after receiving investor and proxy firm's feedback on the issue.

18 May 2024 11:43 am
Rising rates of hypertension driving growth in cardiac drugs market

The growth rate of the market value of anti-hypertensives recorded fluctuations over the years but maintained a stable demand overall, according to Pharmatrac data.

18 May 2024 11:20 am
RBI revises calendar for auction of treasury bills

T-bills, issued by the Indian government, are short-term debt instruments for its borrowing needs. They are highly liquid and secure investments with 91, 182, and 364-day maturity options.

18 May 2024 11:12 am
These sectors may deliver solid returns if PM Modi comes to power again. Take a look

Defence players such as Astra Microwave Products and Hindustan Aeronautics have gained 124% and 194%, respectively, since May 17, 2023.

18 May 2024 11:07 am
'Abandoned baby of Indian markets...': Zerodha co-founder Nithin Kamath laments high STT on intraday equity

In a recent BSE interaction, Finance Minister Nirmala Sitharaman was questioned by a broker on the hoard of taxes his community has to bear.

18 May 2024 10:32 am
Go Digit General Insurance IPO allotment status: Check application, latest GMP and listing date

ICICI Securities, Morgan Stanley India Company, Axis Capital, Nuvama Wealth Management, HDFC Bank and IIFL Securities are the book running lead managers of the Go Digit IPO.

18 May 2024 10:06 am
Sensex, Nifty end first phase of Saturday's special trading sessionon a flat note

BSE barometer Sensex rose 129 points, or 0.17 per cent to Rs 74,047-mark. NSE's Nifty50 added 43.05 points, or 0.19 per cent, to 22,509.15.

18 May 2024 9:39 am
Not Rs 1.25 lakh cr, it will be 10 times...': Top advocate decodes PM Modi's 'scam loot for poor' plan

The prime minister said Rs 17,000 crore of the Rs 1.25 lakh crore of seized money has already been returned. Real estate constitutes nearly 80% of the value of the seized assets.

18 May 2024 8:49 am
FIIs sold Rs 50,000 crore of shares in 5 weeks; here's why

After purchasing equities worth Rs 13,672 crore from April 8-12, FIIs offloaded Rs 50,260 crore of sharesbetween April 15 and May 17. The buying appetite of DIIs capped the downside. According to data from the exchanges, DIIs bought shares worth Rs 64,400 crore during the same period.

18 May 2024 7:31 am
Sandeep Barasia resigns from Delhivery after 9 years

Under Sandeep Barasia leadership as the Chief Business Officer, the company entered new business segments of supply chain services, truckload, and cross-border logistics and significantly diversified its revenue base.

17 May 2024 8:49 pm
'Celebrating entrerpreneurs essential for growth': India Inc. showers plaudits on PM Modis endorsement of wealth creators

PM wants to ensure robust entrepreneurial ecosystem, says Ajay Piramal; several other business leaders laud Modis comments

17 May 2024 8:36 pm
'Celebrating entrepreneurs essential for growth': India Inc. showers plaudits on PM Modis endorsement of wealth creators

PM wants to ensure robust entrepreneurial ecosystem, says Ajay Piramal; several other business leaders laud Modis comments

17 May 2024 8:36 pm
Delhi HC sets aside single-bench order asking SpiceJet to pay Rs 270 cr to KalanithiMaran

SpiceJet and Singh had approached the Delhi HC where they sought to annul the portion of the award which instructed them to refund Rs 270 crore to Kal Airways and Maran.

17 May 2024 7:57 pm
'India needs to encourage stability rather than rapid growth': Chief Economic Advisor

Addressing the industry at the CII Annual Business Summit, Nageswaran said the country needs to have capital market reforms to push growth, and that market regulators have an unenviable task ahead.

17 May 2024 7:14 pm
NSE, BSE to hold special trading session on Saturday (May 18): Check timings, other key details

NSE and BSE will undergo an intraday switch from the primary site to the disaster recovery (DR) site during the mentioned session.

17 May 2024 6:52 pm
Brightcom Group shares dive 14% in 3 days as NSE's 'trading suspension' sword hangs; see analyst views

Brightcom Group share price: The stock plunged 5 per cent to settle at its fresh one-year low of Rs 11.08. At this price, it cracked has 14.18 per cent in three trading days and 25.59 per cent in a month.

17 May 2024 5:40 pm
Apex court issues notice to ministries, FSSAI over pesticide content

Writ petition raises concerns over governments inefficiency in preventing excessive use of pesticides

17 May 2024 5:22 pm
Cochin Shipyard shares jump 7% to hit fresh record high; here's what analysts say

Cochin Shipyard share price: The stock surged as much as 6.89 per cent in intraday trade to hit an all-time high of Rs 1,438.65. It eventually settled 5.13 per cent higher at Rs 1,414.90. At this price, the multibagger scrip has gained 107.61 per cent in 2024 so far and 417.43 per cent in a year.

17 May 2024 4:38 pm
GST portal launches form for registering machines of pan masala and gutkha makers

Move aimed at curbing tax evasion in the sector, another form to be issued soon

17 May 2024 4:11 pm
BSE, NSE: Will stock market be closed on Monday, May 20, for Mumbai elections?

Elections 2024: Voters in Mumbai North, Mumbai North-West, Mumbai North-East, Mumbai North-Central, Mumbai South-Central and Mumbai South will cast their votes on May 20, Monday.

17 May 2024 3:56 pm
Mazagon Dock shares hit record high: Price targets, resistance, technicals and more

Multibagger stock: Mazagon Dock Shipbuilders stock surged 14.57% to Rs 2794.40 against the previous close of Rs 2439 on BSE. Market cap of Mazagon Dock rose to Rs 55,808 crore.

17 May 2024 3:15 pm
Rise in trade with Russia not a temporary phenomenon: S Jaishankar

Trade between India and Russia stood at $65.7 billion in the financial year ending March 2024, a 33 per centjump over previous year.

17 May 2024 3:06 pm
Election-proof stocks: Hedge portfolio with these shares ahead of poll outcome

Stocks to watch: Any potential freebies post elections can significantly re-rate consumer sector. PL likes HUL, ITC, Britannia and Titan Company shares.

17 May 2024 2:41 pm
BJP or INC-led INDIA? Stocks to buy in 4 different election outcome scenarios

If the Indian National Congress (INC)'s INDIA alliance makes a surprise win, it would lead to derating for the domestic stock market, said Prabhudas Lilladher adding that sectors such as defence, capital goods and tourism could take a hit.

17 May 2024 1:35 pm
Go Digit IPO sails through on last day of bidding; all categories fully booked

The Pune-based Go Digit General Insurance is selling its shares in the price band of Rs 278-272 apiece. Investors can apply for a minimum of 55 shares and its multiples thereafter.

17 May 2024 1:12 pm
Vedanta shares climb on Rs 8,500 crore fundraising plan, dividend

Vedanta has announced investments in Vedanta Copper International VCI Company Limited for setting up of Continuous Cast Copper Rod Plant in Kingdom of Saudi Arabia.

17 May 2024 12:58 pm
Vodafone Idea shares climb 4% even as Q4 loss widens; here's why

Vodafone Idea share price: The company's consolidated revenue moved 0.7 per cent higher on a year-on-year (YoY) basis to Rs 10,607 crore for the quarter ended on March 31, 2024.

17 May 2024 12:54 pm
Biocon shares: Why brokerages divided on this pharma counter after Q4 results

Biocon, founded in 1978, is one of Indias leading biopharma company. It is fully integrated and delivers biopharma solutions, ranging from discovery to development and commercialisation.

17 May 2024 12:15 pm
L&T's construction arm bags 'significant' order; stock down

L&T share price: Shares of L&T were last seen trading 0.38 per cent lower at Rs 3,446.45 today. At this price, the stock has slipped 2.15 per cent on a year-to-date (YTD) basis.

17 May 2024 11:46 am
Air India flight with 180 passengers collides with tug tractor at Pune Airport

According to reports, the aircraft sustained damage to its nose and a tyre near the landing gear as a result of the collision. Despite the impact, all passengers and crew members were confirmed to be safe by an airport official with no casualties reported.

17 May 2024 11:44 am