Business news

Sensex snaps five-day losing streak, Nifty closes above 24,300

Indian stock market remains on consolidation path, DIIs absorb heavy selling

The week saw Donald Trump returning to power in the US election amid a second consecutive rate cut by Fed this year, as the Indian stock market continued to experience consolidation due to heightened selling pressure from foreign institutional investors (FIIs).

Nov 9, 2024

Sensex sheds over 900 points, all eyes on US election and Fed data

As FIIs on selling spree, DIIs step in to absorb; Indian stock market remains on consolidation path

Despite the massive FII selling, the stock market is resilient since the valuations are fair and every selling is being absorbed by domestic institutional investors (DIIs) and individual investors, particularly high-net-worth individuals (HNIs)

Nov 9, 2024

Indian stock market ends flat, Nifty below 24,150

The Indian stock market closed flat on Friday as selling was seen in the auto, PSU bank, financial service, metal, and realty sectors at the end of trading.

Nov 8, 2024

78 lakh EPS pensioners to benefit as new payment system clears pilot run

Union Minister of Labour and Employment, Dr Mansukh Mandaviya, on Friday announced the successful completion of pilot run of the new Centralised Pension Payments System (CPPS) under the Employees' Pension Scheme 1995 aimed at enhancing pension services.

Nov 8, 2024

200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs

At least 200 women entrepreneurs in India are poised to raise an estimated Rs 850 crore ($100 million) from investors, helping to expand businesses and create new jobs, Goldman Sachs announced on Friday.

Nov 8, 2024

Rural markets stay ahead of urban centres in growth for FMCG goods: NielsenIQ

Rural markets outpace urban centres in growth for FMCG goods: NielsenIQ

India's fast-moving consumer goods (FMCG) sector grew 5.7 per cent by value and 4.1 per cent by volume in the July-September quarter driven by rural demand which grew faster than urban markets for the third consecutive quarter, according to the latest report by consumer intelligence firm NielsenIQ.

Nov 8, 2024

US Fed cuts interest rate second time consecutively, to boost emerging markets

The US Fed cut interest rates by 25 basis points (bps) to 4.75 per cent and given the US macro indicators, the rate cuts now are rather pre-emptive.

Nov 8, 2024

Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2

Swiggy IPO continued to see a tepid response from investors on the second day of bidding on Thursday. The Rs 11,327 crore IPO was subscribed 0.35 times or 35 per cent on the second day.

Nov 7, 2024

Freshworks to cut its workforce by 13 pc to streamline operations

Artificial intelligence (AI) service software provider Freshworks has announced a workforce reduction of 13 per cent to streamline its operations, affecting at least 660 employees worldwide.

Nov 7, 2024

Gold prices rise to 3-month high on back of safe-haven demand

Gold prices set to fall further after Donald Trump's win

Gold prices continue to fall after the US presidential election and on Thursday, the December future contracts of gold on MCX opened with a decline of 0.37 per cent at Rs 76,369 per 10 grams, while silver December future contracts were trading 0.24 per cent low at Rs 90,601 per kg.

Nov 7, 2024

a-passenger-outside-the-spicejet-airlines-ticket-counter-at-the-domestic-airport-on-the-outskirts-of-agartala

Domestic air passenger traffic in India sees 6.3 pc growth at 138.5 lakh in Oct

The domestic air passenger traffic reached 138.5 lakh in October, higher by 6.3 per cent in comparison to 130.3 lakh in the previous month, according to a report on Thursday.

Nov 7, 2024

Sensex sheds 849 points ahead of key US Fed meet

The Indian stock market closed in red on Thursday as there was heavy selling in all sectors except PSU banks.

Nov 7, 2024

5 year-old Indian kid falls to death from Dubai high-rise.(REPRESENTATIONAL PHOTO /FACEBOOK)

Over 3 in 10 Indian buyers looking for ultra-luxury homes: Report

More than three in 10 (35 per cent) Indian property buyers are now interested in luxury and ultra-luxury homes, nearly double the 18 per cent recorded in the previous quarter (Q2), according to a report on Thursday, as disposable incomes rise amid overall economic growth.

Nov 7, 2024

ED conducts raids on multiple sellers linked to e-com players including Amazon, Flipkart

The Enforcement Directorate (ED) on Thursday conducted raids on multiple sellers across the country -- linked to e-commerce platforms including Amazon and Flipkart -- over alleged money laundering activities.

Nov 7, 2024

Adani Enterprises to launch maiden Rs 800 crore retail bond issue on September 4

Adani Group stocks surge, add Rs 54,381 cr in market cap

The share price of all the companies in the Adani Group surged on Wednesday, adding Rs 54,381.06 crore worth of wealth to the investors' kitty.

Nov 7, 2024

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Business news

Indian stock market remains on consolidation path, DIIs absorb heavy selling

As FIIs on selling spree, DIIs step in to absorb; Indian stock market remains on consolidation path

Indian stock market ends flat, Nifty below 24,150

78 lakh EPS pensioners to benefit as new payment system clears pilot run

200 Indian women entrepreneurs set to raise Rs 850 cr from investors: Goldman Sachs

Rural markets outpace urban centres in growth for FMCG goods: NielsenIQ

US Fed cuts interest rate second time consecutively, to boost emerging markets

Tepid response to Swiggy IPO continues, 35 pc subscription on Day 2

Freshworks to cut its workforce by 13 pc to streamline operations

Gold prices set to fall further after Donald Trump's win

Domestic air passenger traffic in India sees 6.3 pc growth at 138.5 lakh in Oct

Sensex sheds 849 points ahead of key US Fed meet

Over 3 in 10 Indian buyers looking for ultra-luxury homes: Report

ED conducts raids on multiple sellers linked to e-com players including Amazon, Flipkart

Adani Group stocks surge, add Rs 54,381 cr in market cap

Time for India to follow suit? France, Germany, Netherlands, US banned use of EVMs [here's why]

Dhanush's Captain Miller has no buyers in Telugu states? Here's why

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