Business news

Bajaj Housing Finance debuts at Rs 150 with premium of 114 pc over issue price

Shares of the Bajaj Housing Finance Limited listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) at Rs 150 per share each with a premium of 114 per cent against its issue price of Rs 70 per share.

Sep 16, 2024

India sees healthy 8 pc increase in overall rainfall, positive for inflation outlook

India saw a healthy 8 per cent increase in overall rainfall above the long-term average (till September 13) as average retail prices of vegetables and milk cooled down, a report showed on Monday.

Sep 16, 2024

Sensex trades at all-time high, PSU bank and metal stocks lead

Indian equity indices opened with gains on Monday, tracking American markets as investors expect a rate cut by the US Fed that further boosts market sentiment.

Sep 16, 2024

What makes Bajaj tick? New Bajaj Housing Finance share debuts at Rs 150; Commands 114% premium over issue price

Bajaj Group's housing finance arm became the most demanding IPO this year. Its public issue was subscribed 63.61 times on its final day.

Sep 16, 2024

Onion prices drop in major cities after retail selling at subsidised rate: Centre

Government Initiative Leads to Drop in Onion Prices

The Indian government has recently announced a significant decrease in onion prices in major cities. This drop is attributed to the government's initiative of selling onions at a subsidised rate through retail outlets. The initiative, which began on September 5, has had a noticeable impact on the cost of this staple food item in major urban areas.

Sep 15, 2024

Sensex trades lower, ITC and HUL top losers

Sensex down 200 points, ITC, Asian Paints and HUL top losers

Indian frontline indices opened lower on Friday due to heavyweights like ITC, HUL, Asian Paints and M&M falling the most.

Sep 13, 2024

Stock Market: Sensex, Nifty close at all-time high, led by metal and auto shares

Indian equity indices closed in the green on Thursday led by metal, auto and banking stocks.

Sep 12, 2024

Adani Ports to develop berth at Gujarat's Kandla Port for multi-purpose cargo

Adani Ports Set to Build New Multi-Purpose Cargo Berth at Kandla Port, Gujarat

Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday announced it will develop a multi-purpose berth at Kandla Port in Gujarat.

Sep 11, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Sensex trades flat amid weak global cues, with 69 points up

Nifty midcap 100 index was up 291 points or 0.49 per cent at 59,330 and Nifty smallcap 100 index was up 88 points or 0.46 per cent at 19,405.

Sep 11, 2024

Power demand in India declines for 1st time in 15 months, hydro gains steam

Peak power demand in India is estimated to have declined to 217 GW in the month of August compared with 238 GW a year earlier which was the second-highest level recorded in fiscal 2024, a report showed on Tuesday.

Sep 10, 2024

Sensex snaps 3-day losing streak on rebound in FMCG and Pvt Bank shares

Indian equity indices closed higher on Monday, snapping its three-day losing streak following a rally in FMCG and private bank stocks.

Sep 9, 2024

India's Beauty Market Set to Outpace Global Giants

India is on track to become a global powerhouse in the beauty and personal care market, surpassing other major markets such as China, the US, Japan, and South Korea. A report by online beauty and fashion marketplace Nykaa predicts a growth rate of 10-11% by 2028, taking the market value to $34 billion, a significant leap from the current $20 billion.

Sep 6, 2024