Business news

Adani Power gets Letter of Intent to acquire Vidarbha Industries Power

Adani Power gets LOI to acquire Vidarbha Industries Power

Adani Power Limited (APL) on Monday said it has received a Letter of Intent (LOI) to acquire Vidarbha Industries Power Limited.

Feb 24, 2025

Over 26 pc of equity MFs in India outperform respective benchmarks in Jan

Over 26% of equity MFs in India outperform respective benchmarks in Jan

More than 26 per cent of equity mutual funds in India outperformed their respective benchmarks in January this year, a report said on Monday.

Feb 24, 2025

Sensex, Nifty snap four-day winning streak amid profit booking in financial stocks

Sensex opens lower at 74,769, Nifty at 22,637 points

Sensex was trading 541.66 points or 0.72 per cent down at 74,769.40 while the Nifty declined 158.40 points or 0.69 per cent at 22,637.50

Feb 24, 2025

Market Outlook: GDP data, F&O expiry and global economic data key triggers for next week

The market outlook for next week will be guided by domestic and global GDP data, FIIs inflows and monthly F&O expiry.

Feb 23, 2025

Adani Portfolio's tax contributions reach Rs 58,104 crore for FY 2023-24

The Adani Group's total global tax and other contributions to the exchequer amounted to Rs 58,104.4 crore for the financial year 2023-24, showcasing a significant increase from the previous year's Rs 46,610.2 crore through its portfolio of listed entities, the company said on Sunday.

Feb 23, 2025

Indian stock market consolidates amid global uncertainties, FIIs to return soon

Indian stock markets remained in a consolidation phase this week, with benchmark indices Sensex and Nifty slipped over half a per cent amid weak global cues and trade war concerns.

Feb 22, 2025

Indian share market ends lower, Nifty below 23,700

Stock market ends lower amid broad-based weakness, weak global cues

The Indian stock market closed lower on Friday and on a weekly basis, the Nifty and the Sensex extended their losses amid weak global cues and broad-based weakness.

Feb 21, 2025

India's private sector output surged to 6-month high in Feb: HSBC survey

Private sector output in India increased at the fastest pace in six months during February, amid a quicker expansion in services activity, according to HSBC's flash PMI data survey released on Friday.

Feb 21, 2025

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

Indian stock market trades almost flat, rupee strengthens

The domestic benchmark indices were trading nearly flat in the morning trade on Friday amid mixed global cues, as automobile stocks weighed on the sectoral indices.

Feb 21, 2025

Indian e-commerce industry to touch $550 billion by 2035: Report

Driven by Internet penetration, digital payment infrastructure and a young, tech-savvy population, the Indian e-commerce sector is expected to touch $550 billion by 2035, growing at a CAGR of 15 per cent, a new report said on Thursday.

Feb 20, 2025

Maruti Suzuki India's sales down 3.9 pc in August, Kia India logs 17.1 pc growth

Maruti Suzuki's new mid-term plan aims to make India an export hub, launch more EVs

The Suzuki Motor Corporation of Japan, the parent company of Maruti Suzuki India, on Thursday announced a new mid-term plan with a "rethink" in its strategy as "the business environment has changed due to declining market share in India" and the growing electrical vehicles segment.

Feb 20, 2025

Indian Markets Slip as Nifty Drops Below 22,900 Amid Global Uncertainty

At 9:37 a.m., the BSE Sensex was down 219.70 points (0.29%) at 75,719.48, while the NSE Nifty lost 45.75 points (0.20%) to trade at 22,887.15.

Feb 20, 2025

India's CNG vehicle count surged 3-fold to 7.5 million units in last 8 years amid green push: Crisil

Domestic annual sales of Compressed Natural Gas (CNG) vehicles are forecast to reach 1.1 million units by the end of the current financial year, driven by the government's ongoing push for cleaner fuels, according to a Crisil report released on Wednesday.

Feb 19, 2025

Sensex, Nifty surge as markets cheer Economic Survey ahead of Budget

Sensex, Nifty end flat amid volatile trade, smallcap stocks outperform

The Indian stock market on Wednesday witnessed a choppy session, with benchmark indices ending flat despite facing volatility throughout the day.

Feb 19, 2025

SaaS leads India's AI startup boom amid Centre's mega push

India's artificial intelligence (AI) startup ecosystem is witnessing a major boom, driven by the rapid adoption of AI-powered software-as-a-service (SaaS) solutions, a new report said on Wednesday

Feb 19, 2025