Business news

Sensex down 510 points, trades lower amid profit booking in largecaps

At 9:50 a.m., Sensex was down 510 points or 0.64 per cent at 79,538 and Nifty was down 88 points or 0.36 per cent at 24,214.

Jul 5, 2024

Elon Musk halts investment plans in India: Bloomberg report

It has been previously reported that Elon Musk had planned to visit Indian prime minister Narendra Modi in April

Jul 4, 2024

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

Sensex closes above 80,000 for first time, Nifty at 24,302

Indian equity indices closed with marginal gains on Thursday following a volatile session. Sensex and Nifty made a new all-time high of 80,392 and 24,401 respectively, but the markets were unable to hold onto the higher levels as the day progressed.

Jul 4, 2024

Global survey ranks India among top three most optimistic nations

A new global survey has ranked India among the top three most optimistic nations, along with Singapore and Indonesia, based on the economic outlook of the people interviewed across various countries.

Jul 4, 2024

Finance Ministry declares 7.1 pc interest rate for Central govt staff PF schemes

The Finance Ministry has announced a 7.1 per cent interest rate for the Central government employees' General Provident Fund (GPF) and other similar provident fund schemes for the July-September quarter.

Jul 4, 2024

Sensex hits new all-time high after opening positive on global cues

At 9:50 a.m., Sensex was 370 points or 0.46 per cent at 80,361, and Nifty 101 points or 0.42 per cent at 24,392.

Jul 4, 2024

Markets create new record, Sensex crosses 80,000 for the first time

Sensex and Nifty made a new all-time high of 80,039 and 24,292 respectively.

Jul 3, 2024

Sensex closes flat amid profit booking in smallcap and midcap stocks

Indian equity Indices closed flat on Tuesday following profit booking in midcap and smallcap stocks. At closing, Sensex was down 34 points, at 79,441 and Nifty was down 18 points, at 24,123.

Jul 2, 2024

Zomato ESOP plan: 25% voted against it but gets shareholders' nod finally

Online food delivery platform Zomato has received shareholders' nod to establish a new employee stock option pool (ESOP) of 18.2 crore shares, with 75 per cent of investors voting in favour and 25 per cent against it, the company said in an exchange filing.

Jul 2, 2024

Sensex opens at all-time high but drops soon, trading flat now

At 9:42 a.m., Sensex was at 79,393, down 82 points or 0.10 per cent and Nifty was at 24,111, down 30 points or 0.12 per cent

Jul 2, 2024

Tata Group retains the spot as India's most valuable brand

The report noted that Tata's ranking reflects the group's strategic initiatives and extensive growth efforts

Jul 1, 2024

India and ASEAN Unite for Cross-Border Payments

The Reserve Bank of India (RBI) has made a significant stride towards financial integration by collaborating with four ASEAN countries to establish a platform for instantaneous cross-border retail payments.

Jul 1, 2024

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