The NSE Nifty 50 closed 100.05 points or 0.4% lower at 24,668.25 and the BSE Sensex ended 384.55 points or 0.47% down at 81,748.57. Infosys Ltd., HDFC Bank Ltd., Tata Consultancy Services Ltd., Bharti Airtel Ltd. and Titan Co. dragged the Nifty the most. Dr. Reddy’s Laboratories Ltd., Axis Bank Ltd., IndusInd Bank Ltd., Bajaj Finance Ltd. and Power Grid Corp limited losses to the index the most. The broader indices outperformed as the BSE MidCap ended 0.7% higher and SmallCap rose 0.5%.
Read moreFinance Minister Nirmala Sitharaman faces significant challenges as she prepares to present the Union Budget in just over three weeks. India Inc has submitted a set of recommendations, emphasising the need for simplified taxation, increased capital
IREDA Q3 Results: Indian Renewable Energy Development Agency (IREDA) on Thursday reported a 27% jump in its December quarter net profit at Rs 425.38 crore versus Rs 335.53 reported in the the year ago
Get latest articles and stories on Latest News at LatestLY. State-run Indian Overseas Bank on Thursday said it is selling non-performing assets of Rs 11,500 crore to asset reconstruction
Indian Overseas Bank Unveils Mega NPA Sale Indian Overseas Bank (IOB), a state-run lender, announced on Thursday its decision to sell a substantial amount of non-performing assets totaling Rs 11,500 crore. The move invites asset reconstruction
Lending in the last fortnight of 2024 outpaced deposit growth, with credit growing 11.16% year-on-year compared to deposits rising by 9.8%. Banks are facing challenges in raising deposits despite increased rates, due to competition from