Market update

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Stocks Crash: Worst Week in Years

The week’s losses wiped out investor wealth worth Rs 18.43 trillion, with the total market capitalisation of BSE-listed firms now at Rs 441 trillion.

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December, 21 2024 07:30 AM

These 26 firms entered Rs 1 lakh crore market cap club in 2024. What’s next?

After beating its 2025 targets by a distance, Indian Hotels Company has unveiled its ‘Accelerate 2030’ strategy, and has set benchmarks for itself across topline, portfolio, and payout to shareholders.

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December, 21 2024 07:30 AM

Dividend payouts & stock splits: Vedanta, NMDC lead next week’s action

NMDC has fixed December 27, 2024, as the record date for its 2:1 bonus share issue, allotting two new equity shares for every one existing share. This will result in the issuance of over 586 crore equity shares.

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December, 21 2024 07:30 AM

SC’s DND Flyway order gives blow to IL&FS shareholders

India Business News: A Supreme Court order has affected the sale of Noida Toll Bridge Company. The sale was expected to generate substantial revenue for IL&FS shareholders

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December, 21 2024 04:30 AM

Swan Energy partners US co Nebula’s unit for gas venture

India Business News: MUMBAI: Billionaire Nikhil Merchant-owned Swan Energy has joined hands with AG&P Terminals & Logistics of US-based Nebula Energy to form a liquefied n.

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December, 21 2024 04:30 AM

Why India needs to relook its strategy to revive medical tourism industry

As medical tourism from Bangladesh plummets due to escalating violence and border closures, India must rethink its strategies to revive the medical tourism sector

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December, 21 2024 04:30 AM

Friday fall caps worst week on D-Street since June 2022

Indian stock market plunges 1.5%, marking worst week in two years, with sharp declines in key sectors.

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December, 21 2024 01:30 AM

Inflation-growth balance ‘somewhat unsettled’: Shaktikanta Das

The Reserve Bank of India’s monetary policy committee held rates steady in early December, prioritizing inflation control over growth concerns. Two members dissented, favoring a rate cut due to slowing growth and low core inflation, while others emphasized the need to address rising food prices and global uncertainty.

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December, 21 2024 01:30 AM

Finovate Global: 10x Banking’s Lewis Ide on High Growth Markets in APAC and Africa

In this week’s Finovate Global interview, I talk with Lewis Ide, Vice President for 10x Banking about the opportunities in high-growth markets in APAC and Africa.

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December, 21 2024 01:30 AM

Friday fall caps worst week on D-Street since June 2022

Indian stock market plunges 1.5%, marking worst week in two years, with sharp declines in key sectors.

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December, 20 2024 22:30 PM

Inflation-growth balance ‘somewhat unsettled’: Shaktikanta Das

The Reserve Bank of India’s monetary policy committee held rates steady in early December, prioritizing inflation control over growth concerns. Two members dissented, favoring a rate cut due to slowing growth and low core inflation, while others emphasized the need to address rising food prices and global uncertainty.

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December, 20 2024 22:30 PM

Finovate Global: 10x Banking’s Lewis Ide on High Growth Markets in APAC and Africa

In this week’s Finovate Global interview, I talk with Lewis Ide, Vice President for 10x Banking about the opportunities in high-growth markets in APAC and Africa.

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December, 20 2024 22:30 PM

Buy, Sell Or Hold: BSE, Zomato, Grasim, Tata Motors, Axis Bank, Hyundai, ICICI Bank—Ask Profit

Market analysts share insights for short-term and long-term investors on whether to buy, sell or hold shares of BSE, Zomato, Grasim Industries, Tata Motors, Axis Bank, Hyundai, ICICI Bank among others.

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December, 20 2024 19:30 PM

Reserve Bank of India

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December, 20 2024 19:30 PM

Piramal Enterprises Board Gives Nod To Issuing Rs 2,000-Crore NCDs

Piramal Enterprises Ltd.’s board approved on Friday the issuance of non-convertible debentures aggregating up to Rs 2,000 crore, according to an exchange filing. At a meeting, the administrative committee of the board of directors had approved public issuance of secured NCDs with a face value Rs 1,000 each in one or more tranches, it said.

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December, 20 2024 19:30 PM

Goldman Sachs, Citigroup Global, 4 others buy Amber Enterprises shares for Rs 210 crore

Goldman Sachs, Citigroup Global Markets, and four others on Friday bought shares of Amber Enterprises for Rs 210 crore through an open market transaction. Axis Mutual Fund (MF), Mahindra Manulife MF, Tata AIA Life Insurance and ICICI Prudential Life Insurance were the other entities, who have picked up stakes in Gurugram-based Amber Enterprises through separate […]

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December, 20 2024 16:30 PM

Shriram Finance has delivered strong AUM growth of ~20% CAGR over 2 years post-merger, while continuously improving asset quality. Buy for target price of ₹3825 (30% upside): Axis Securities

We initiate coverage on Shriram Finance Ltd (SFL) with a BUY recommendation and a target price of Rs 3,825/share, implying an upside of 30% from the CMP. Born out of the merger of Shriram Transport…

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December, 20 2024 16:30 PM

Why this large cap fund is back in the reckoning after a lull

he Aditya Birla Sun Life (ABSL) Frontline Equity Fund has made a strong recovery in the past 2-3 years, delivering above-average returns while maintaining moderate risk. The fund, with a focus on large-cap stocks and a mix of midcaps, has outperformed its benchmark, the Nifty 100 TRI, in various timeframes, including 1-, 3-, 5-, and […]

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December, 20 2024 16:30 PM

Stock market update: Stocks that hit 52-week highs on NSE in today’s trade

GIC, Hisar Metal Ind, Sambhaav Media, Mohit Inds and Salzer Electro, hit their fresh 52-week highs during the day.

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December, 20 2024 13:30 PM

Rupee rises from all-time low, gains 10 paise to 85.03 against US dollar

Rupee recovers slightly against US dollar, but expected to remain weak amid dollar demand and Fed rate cuts.

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December, 20 2024 13:30 PM

Rupee recovers from all-time low, gains 10 paise to 85.03 against U.S. dollar

Rupee recovers slightly against U.S. dollar, but expected to remain weak due to dollar demand and Fed rate cuts.

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December, 20 2024 13:30 PM

Bandhan Bank Share Price: Bandhan Bank shares 0.58 per cent in Friday’s trading session

The Relative Strength Index of the stock stood at 36.1 on Friday.

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December, 20 2024 10:30 AM

Maruti Suzuki to launch e-VITARA SUV; company shares first teaser of electric SUV

Maruti Suzuki is set to make waves in the EV market with the launch of its e VITARA SUV. This move marks a significant step towards sustainable mobility in India.

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December, 20 2024 10:30 AM

Sanathan Textiles IPO: Check GMP, Day Two Subscription Status, Price Band And More

Sanathan Textiles Ltd.’s initial public offering opened for day two of subscription on Friday. It has been subscribed 0.71 times, or 71%, as of 11:09 a.m. It was subscribed 0.45 times, or 45% on its first day. The grey market premium of Sanathan Textiles was Rs 70 as of 5:04 a.m. on Friday, according to […]

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December, 20 2024 10:30 AM

Zomato m-cap pips that of Tata Motors, Bajaj Auto; analysts stay bullish

Food delivery and quick commerce (qcom) service application (app), Zomato, now commands a market capitalisation (mcap) higher than automobile giants Tata Motors and Bajaj Auto. Zomato, whose shares closed 1.18 per cent lower on Thursday at Rs 288.45 per share, has an mcap of Rs 2.78 trillion, according to BSE data. By comparison, Tata Motors’ […]

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December, 20 2024 07:30 AM
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