Asia

Edtech unicorn Vedantu posts Rs 157 crore loss in FY24

Edtech unicorn Vedantu has registered a loss of Rs 157 crore in FY24 compared to Rs 373 crore loss in FY23.

Dec 20, 2024

Indian stock market loses over 1.4 pc amid global selloff

The Indian stock market shed more than 1,000 points on Friday amid the global selloff, after the US Federal Reserve hinted at a slow pace of interest rate cuts in the future.

Dec 20, 2024

Sensex and Nifty crash by 1 pc, IndusInd Bank top loser

Sensex slumps 964 points after the US Federal Reserve's hawkish stance on rate cuts

The Indian equity indices closed in red on Thursday amid weak global cues after the US Federal Reserve's hawkish stance on rate cuts, as with moves towards maximum employment and price stability, its FOMC halved the number of rate cuts expected for 2025.

Dec 19, 2024

Rupee falls to all-time low of 85.12 against US dollar over hawkish Fed outlook

The Indian rupee fell 18 paise to all-time low of 85.12 against the US dollar on the National Stock Exchange (NSE) over Federal Reserve's hawkish commentary on rate cut outlook.

Dec 19, 2024

India sees all-time high deal numbers in real estate sector in July-Sep

PE investments in Indian real estate sector surge over 30 pc in 2024

Private equity (PE) investments in the Indian real estate sector reached $4.2 billion in 2024, marking a 32 per cent year-on-year (YoY) growth amid high demand in the warehousing segment, according to a report on Thursday.

Dec 19, 2024

Sensex ends lower ahead of US Fed rate decision, Nifty at 24,198

Indian stocks open in red as US Fed warns less rate cuts this year

At around 9:30 am, Sensex was trading at 79,158.53 after declining 1,023.67 points or 1.28 per cent, while the Nifty was trading at 23,892.4 after declining 306.45 points or 1.27 per cent.

Dec 19, 2024

Sensex ends lower ahead of US Fed rate decision, Nifty at 24,198

The domestic benchmark indices closed in red on Wednesday amid weak global cues as market sentiment remained cautious ahead of the key US Fed meeting.

Dec 18, 2024

Real estate investments in India reach historic high at $8.9 billion in 2024: JLL

Driven by strong growth and political stability, real estate institutional investments in India reached historic high levels at $8.9 billion across 78 deals in 2024, surpassing the previous 2007 record by 6 per cent ($8.4 billion), a report showed on Wednesday.

Dec 18, 2024

Share market crashes, Sensex tanks over 1,000 pts

Sensex, Nifty open flat ahead of US Fed rate decision

At around 9:33 am, Sensex was trading at 80,651.44 after declining 33.01 points or 0.04 per cent, while the Nifty was trading at 24,328.75 after declining 7.25 points or 0.03 per cent.

Dec 18, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Indian share market ends in red ahead of key global policy decisions

Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty.

Dec 17, 2024

CureFit Suffers ₹888 Crore Loss in Financial Year 2024

The recent financial disclosure from CureFit, a leading fitness startup, has raised eyebrows in the business community. The company's consolidated loss for the fiscal year 2024 has seen a significant surge of 42%, amounting to Rs 888.5 crore, a substantial increase from Rs 625.5 crore in the previous fiscal year. This increase in losses is primarily attributed to the company's high cash burn rate.

Dec 17, 2024

Indian firms raise over Rs 3 lakh crore from stock market in 2024

The year 2024 has been historic for the Indian stock market as companies have raised a record capital of over Rs 3 lakh crore so far this year through Initial Public Offerings (IPOs), Qualified Institutional Placements (QIPs), and Rights Issues, breaking the previous record of raising capital - Rs 1.88 lakh crore in 2021.

Dec 17, 2024