Business news

Sensex climbs 240 points, Nifty up 72 points in early trade

Sensex surges 855 points despite geo-political tensions; PSU bank stocks shine

The Indian stock market was trading in the green on Friday despite geopolitical tensions as heavy buying was seen in the PSU bank shares. Nifty PSU Bank was trading with a gain of 2.88 per cent.

Nov 22, 2024

Investors lose Rs 38,000 crore as Ola Electric's stock continues to slide

Ola Electric to sack 500 employees amid controversies, poor results

Ola Electric, mired in controversies amid a government probe and mounting losses, is set to lay off at least 500 employees as part of an restructuring exercise.

Nov 22, 2024

PharmEasy clocks Rs 2,533 crore in losses in FY24, revenue dips nearly 15 pc

Health-tech company PharmEasy has clocked Rs 2,533 crore in losses last fiscal (FY24), as it revenue declined almost 15 per cent at Rs 5,664 crore.

Nov 21, 2024

Delhi's Khan Market ranked as 22nd most expensive market globally

Delhi's Khan Market ranked as 22nd most expensive high street globally

Delhi's Khan Market has been ranked as 22nd most expensive main street globally, retaining its position and continuing to be India's most expensive high street, registering a 7 per cent (year-on-year) rental growth.

Nov 21, 2024

Sensex ends 422 points down, Nifty below 23,350 over weak global sentiment

Indian equity indices closed in the red on Thursday as sentiment around the globe was weakened due to rising tensions between Russia and Ukraine.

Nov 21, 2024

EPFO adds 18.8 lakh members in September as employment rises

The Employees' Provident Fund Organisation (EPFO) has registered a net addition of 18.81 lakh members during September this year which represents a 9.33 per cent growth compared to the same month last year

Nov 21, 2024

Adani Defends Integrity Amid US Charges, Pledges Legal Action to Protect Reputation

Adani Group challenges DoJ, SEC against US bribery claims; assures legal recourse

has strongly denied allegations made by the US Department of Justice (DoJ) and the Securities and Exchange Commission (SEC). Calling these claims baseless, the group reiterated its commitment to governance, transparency, and compliance across jurisdictions.

Nov 21, 2024

Stock Market Down, Bear Market, Bearish, Sensex Down

Stock market opens in red amid rising Russia-Ukraine tensions

The Indian stock market opened in red on Thursday amid rising Russia-Ukraine war tensions. Heavy selling was seen in the PSU bank sector in early trade and Nifty PSU Bank was down by more than 4 per cent.

Nov 21, 2024

Optiemus begins telecom equipment manufacturing with Tejas Networks

Industry hails SC granting telcos right to claim tax credits on infra duties

Industry players on Wednesday welcomed the Supreme Court's ruling in favour of telecom companies, which affirmed their entitlement to claim credit for duties paid on parts such as tower components and green shelters.

Nov 20, 2024

Online gifting platform Ferns N Petals logs Rs 24.2 cr loss in FY24

Popular online gifting platform Ferns N Petals reported Rs 24.26 crore loss last fiscal (FY24), from Rs 109.5 crore in FY23.

Nov 20, 2024

Housing sales stabilise in top Indian cities, festive quarter to see uptick in demand

Average Home Price in India's Top 7 Cities Hits ₹1.23 Crore, a 23% Increase

As disposable income and private consumption surge, the average price of homes sold in top seven cities was Rs 1.23 crore in the first six months this fiscal, against Rs 1 crore in the corresponding period of FY24, an increase of 23 per cent (year-on-year)

Nov 20, 2024

India's Insurtech Industry Achieves 12X Revenue Growth Over Five Years

India's insurtech sector has delivered 12 times revenue growth over the last 5 years, with cumulative funding surpassing $2.5 billion and ecosystem valuation over $13.6 billion, a report showed on Wednesday.

Nov 20, 2024

India sees 40 pc rise in PE/VC investment at $4.7 billion in Oct

India Reports 40% Surge in PE and VC Investments, Reaching $4.7 Billion in October

India saw private equity/venture capitalist investments worth $4.7 billion across 91 deals in October, a 40 per cent increase from September, a report showed on Wednesday.

Nov 20, 2024

On World Fisheries Day, new schemes to be launched to push growth

World Fisheries Day: New schemes lined up to be launched tomorrow

The Centre's Department of Fisheries will celebrate World Fisheries Day (WFD) on Thursday, recognising the role and contribution of fisherfolk, and fish farmers in the overall growth of the sector, and demonstrating solidarity with all stakeholders throughout the world

Nov 20, 2024