Business news

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

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