Business news

Market This Week: PMI data, budget and auto sales to be key triggers

Indian equity indices closed with gains last week despite mixed cues from global peers. Frontline indices both Sensex and Nifty posted gains of more than 2 per cent making their fourth consecutive week of growth.

Jun 30, 2024

Mobile tariff hike may result in Rs 20,000 cr additional operating profits for telcos: Experts

The latest round of 15-20 per cent mobile tariff hikes for prepaid and postpaid plans by telecom service providers (TSPs) can result in additional operating profits of around Rs 20,000 crore for the industry once these hikes are fully absorbed, industry experts said on Friday.

Jun 28, 2024

Understanding Fixed Deposit Interest Calculation with the Calculator

A Fixed Deposit Interest Calculator is a powerful tool for understanding and strategically planning your FD investments.

Jun 28, 2024

India is now world's 3rd largest domestic aviation market, next to US, China

India has now become the world's third-largest domestic aviation market after the U.S. and China, as airlines such as IndiGo and Air India have expanded their fleet size to cater to the surge in air passengers, according to data compiled by aviation analytics firm OAG.

Jun 28, 2024

Sensex at all-time high, nearing 80K as largecaps lead the way

At 10 a.m., Sensex was at 79,558, up 314 points or 0.40 per cent and Nifty was up 93 points or 0.39 per cent, at 24,137.

Jun 28, 2024

Sensex trades flat on negative global cues

At 9:45 a.m., Sensex was up 20 points at 78,694 and Nifty was up 9 points at 23,877. Midcap and smallcap stocks are outperforming compared to largecaps.

Jun 27, 2024

5G data consumption 4 times faster than 4G in India

5G subscriptions to reach 840 million in India by 2029 end: Report

5G subscriptions are projected to reach around 840 million in India by the end of 2029, accounting for 65 per cent of mobile subscriptions in the region, a new report showed on Wednesday.

Jun 26, 2024

Key investors move NCLT against Byju's rights issue, firm says yet to get any petition

Byju's Cleared of Financial Fraud But Governance Lapses Found

In a significant development, the Indian government has concluded a year-long investigation into the financial operations of Byju's, the embattled edtech firm. The probe, led by the Ministry of Corporate Affairs (MCA), found no evidence of financial fraud or manipulation of accounts.

Jun 26, 2024

After reaching peak, Sensex opens flat amid selling in midcap stocks

At 9:42 a.m., Sensex was up 49 points or 0.06 per cent, at 78,103 and Nifty was down 11 points or 0.05 per cent, at 23,709.

Jun 26, 2024

Sensex jumps more than 1,000 points on impressive GDP numbers (Ld)

Indian stock market at all-time high, bank stocks lead sharp rally

Driven by the financial sector, the Indian stock market saw a sharp rally to close at an all-time high on Tuesday, with the Bank Nifty index breaking above the resistance of 52,000 for the first time.

Jun 25, 2024

Sensex jumps 212 points, Nifty up 53 points as markets open on positive global cues

At 9:55 a.m., Sensex was up 212 points or 0.27 per cent, at 77,553 and Nifty was up 53 points or 0.23 per cent, at 23,591.

Jun 25, 2024

'Our best is yet to come,' declares Gautam Adani as Modi 3.0 begins

Gautam Adani, Chairman of the Adani Group, said on Monday that with record results, robust cash positions, and the lowest debt ratios in the company's history, their path ahead is illuminated with the promise of even greater accomplishments and "the best is yet to come".

Jun 25, 2024