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On Wednesday, the Cabinet approved the continuation of PMFBY with an outlay of ₹69,516 crore for the five years to 2025-26. For large-scale technology diffusion, it approved a fund with a corpus of ₹825 crore.
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The NSE Nifty 50 closed 445.75 points or 1.88% up at 24,188.65 and the BSE Sensex ended 1,436.30 points or 1.83% higher at 79,943.71. The foreign portfolio investors on Thursday snapped the 12-day selling streak and bought stocks worth approximately Rs 1,506.75 crore The Indian currency weakened by 10 paise to close at 85.75 against […]
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They are optimistic that domestic travellers will flock to places such as Gulmarg, Auli and Pahalgam in the first three months of 2025 thanks to improved connectivity, better infrastructure, and more snow than last year.
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Bharti Airtel Ltd. will acquire a 26% stake in AMP Energy Green Three Pvt. for nearly Rs 38 crore, according to an exchange filing. It has entered into an agreement for acquisition of 3,78,90,005 equity shares, or a 26% stake, in the special purpose vehicle. The Bharti group company, while clarifying that the acquisition doesn’t […]
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Zerodha cofounder and CEO Nithin Kamath has predicted a tumultuous year for the Indian brokerage industry in 2025.
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Bernstein says ‘buy selectively’ on Indian equities for 2025
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Zerodha cofounder and CEO Nithin Kamath has predicted a tumultuous year for the Indian brokerage industry in 2025.
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Hero MotoCorp reported a 17% drop in December sales to 3.24 lakh units, with domestic sales down 22%. Exports rose 91%, marking a sharp contrast.
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Bharti Airtel Ltd. will acquire a 26% stake in AMP Energy Green Three Pvt. for nearly Rs 38 crore, according to an exchange filing. It has entered into an agreement for acquisition of 3,78,90,005 equity shares, or a 26% stake, in the special purpose vehicle. The Bharti group company, while clarifying that the acquisition doesn’t […]
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NHPC Ltd. on Thursday said it has received Rs 250 crore from insurance claim against business loss for damages incurred at its Teesta-V Power Station in October last year after flash floods.
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The foreign portfolio investors on Thursday snapped the 12-day selling streak and bought stocks worth approximately Rs 1,506.75 crore, according to provisional data from the National Stock Exchange. The DIIs that have been buyers for twelve sessions bought stocks worth Rs 22.14 crore.
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The highest interest rate offered on deposits for a one-year period is 7.25%. This rate is offered by Yes Bank, while Bank of Baroda and Canara Bank offer the second highest at 6.85%. HDFC Bank Ltd. and Axis Bank Ltd. offer the least interest rates on FDs of one-year. Punjab National Bank offers 6.80% and […]
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The Indian benchmarks closed higher for the second consecutive day on Thursday and recorded their best sessions since Nov. 22. Both the equity indices saw their highest closing since Dec. 18. The NSE Nifty 50 closed 445.75 points or 1.88% up at 24,188.65 and the BSE Sensex ended 1,436.30 points or 1.83% higher at 79,943.71. […]
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The 30-share BSE Sensex closed up 1436.3 points at 79943.71
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IT Sector Q3 Results Preview: IT sector Q3 results are expected to be impacted by seasonal furloughs. But, looking beyond seasonality, macro uncertainty is gradually easing and analysts expect the outlook for technology spending to improve in CY25.
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PNB adds 2 new FD tenures: The bank has added a new tenure of 303 days with an interest rate of 7%. The other tenure which has been added is 506 days, with an interest rate of 6.7% for general citizens. The new tenures are effective from January 1, 2025 onwards.
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Shares of Punjab National Bank Ltd. advanced over 2% on Thursday after the lender reported strong deposit growth in the third quarter, amid the broader deposit shortage and decreasing deposit accounts among Indian banks.
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Gujarat Toolroom Ltd’s stock surges 4.99% on BSE after announcing 5:1 bonus issue in upcoming board meeting.
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A fixed deposit offers consistent long-term returns and higher interest rates than savings accounts. SBI offers rates from 6.5% to 7% for terms of 1 to 5 years, while India Post offers 6.7% to 7.1% for similar terms, making them safe investment options.
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RailTel Corporation receives ₹78.43 crore order from BCCL, a subsidiary of Coal India, for IT-based security infrastructure.
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Markets open flat amid global closures, analysts predict stock-specific action; Derivatives show indecision with balanced call/put options.
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An analyst from YES Securities said that Dr Reddy’s Labs has demonstrated strong bullish momentum, consistently trading above key moving averages with uptrend and positive technical indicators.
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NMDC reports a 5.1% year-on-year increase in iron ore production for December 2024, reaching 4.71 million tonnes. However, sales declined by 6.7% year-on-year to 3.91 million tonnes. The company posted an 18.1% increase in net profit for Q2 FY25, with revenue up 22.5%. NMDC shares have declined 6% in the past 12 months.
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India Business News: Standard Glass Lining Technology Ltd has set a price band of Rs 133-140 per share for its Rs 410.05 crore IPO, opening on January 6, 2025. The IPO inc
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