Asia

Bombay Dyeing to sell 22-acres Worli land to Goisu Realty for Rs 5,200cr

In one of the biggest realty deals, the Bombay Dyeing and Manufacturing Co. Ltd. (BDMC) said it has approved a proposal to sell off its prime property in Worli, measuring around 22 acres, to Goisu Realty Pvt. Ltd in two phases for around Rs 5,200-crore, to pay off debts and fund future projects, here on Wednesday.

Sep 13, 2023

Stock Market: Best chance during week for new indices

Markets were in a very aggressive mood last week and gained on all five trading sessions. Something like this has not happened in a long time and they now seem set to make a new lifetime high and cross Mount 20K on NIFTY.

Sep 11, 2023

Buoyant sentiments may lift Nifty towards 20K mark over next few days

Nifty has been gaining strength and is inching closer towards its life high of 19,992, says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Sep 10, 2023

Sensex, Nifty just shy of record highs ahead of G 20 summit

Benchmark Indices ended the week on Friday just a few percentage away from record highs ahead of the G20 Summit buoyed by good support from the Bank Nifty on positive newsflow from the RBI as well as the PSU & Infrastructure stocks, says S Ranganathan, Head of Research at LKP Securities.

Sep 8, 2023

Uday Kotak Resigns as MD and CEO of Kotak Mahindra Bank

While stepping down from his executive role, Kotak will continue to serve as a non-executive Director of the bank

Sep 2, 2023

Over-packaging by e-commerce giants no more; Flipkart shows the eco-friendly way

Walmart paid $3.5 bn to buy Flipkart shares from Binny Bansal, Tiger Global & others

Retail giant Walmart has paid around $3.5 billion to acquire shares in e-commerce major Flipkart from non-controlling stakeholders, including co-founder Binny Bansal and top investment firms Tiger Global and Accel, among others.

Sep 2, 2023

India speeds up rice shipments to help crisis-ridden Sri Lanka

India exempts Singapore from rice export ban due to 'close strategic partnership'

India has agreed to exempt Singapore from its ban on rice exports owing to "very close strategic partnership", the External Affairs Ministry said.

Aug 30, 2023

Sensex up more than 100 points in morning trade

BSE Sensex is up 101 points in trade at 65,097 points in Tuesday morning trade.

Aug 29, 2023

Nifty's breach below the 19,250 - 19,270 zone can trigger further slide: Expert

A decisive breach below the 19,250 - 19,270 zone shall weaken the overall bias and can trigger for further slide with next major support zone visible near 18,800 - 18,900 levels with 19,000 as the psychological landmark in-between, says Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.

Aug 25, 2023

Trump raises Harley Davidson row, says will slap reciprocal tax on India if voted to power

Referring to the old import tariff issue by India on the Harley Davidson motorcycles, Trump has warned that he would slap reciprocal tax on India, if voted to power

Aug 21, 2023

Indian markets face strong headwinds

There are strong headwinds, both globally and domestically, that can impact the market in the near-term, said V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Aug 16, 2023

Sensex, Nifty down after RBI's hawkish statements

Nifty opened lower cautiously awaiting the outcome and witnessed sell-off post the RBI statement and finally closed with a loss of 89 points at 19,543 level

Aug 10, 2023

Shaktikanta Das, Governor, Reserve Bank of India

RBI retains repo rate at 6.5%, inflation projected at 5.4%, predicts GDP growth at 6.5%

Not disappointing the expectations, the Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.

Aug 10, 2023

Focus of market will shift from micros to macros: Expert

With the Q1 results season coming to an end soon, the focus of the market will shift from micros to macros, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Aug 9, 2023

Rating agency Moody's warns to downgrade 6 US banks, stocks sink further

Moody's has put the credit ratings of six large US banks, including Bank of New York Mellon, State Street and Northern Trust, under review for a possible downgrade, sending stocks tumbling as investors worried about more banking sector pain ahead, the media reported.

Aug 9, 2023

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