Business news

Sensex trades lower amid weak global cues

Stock market opens in red, trades low amid weak geopolitical sentiments

The Sensex was trading at 80,752.18 after slipping 254.43 points or 0.31 per cent.

Oct 18, 2024

IPO boom: Hyundai Motor India public issue subscribed over 2 times on last day

Hyundai Motor India Ltd's initial public offering has been subscribed 2.34 times till 4 p.m. on its third and last day on Thursday as the qualified institutional buyers (QIB) portion in the IPO was subscribed nearly 7 times.

Oct 17, 2024

Wipro's net income grows 21 pc YoY in Q2, announces 1:1 bonus share

IT major Wipro on Thursday reported net income in the July-September period (Q2 FY25) at Rs 3,209 crore -- a 6.8 per cent quarterly growth and 21.3 per cent annual growth.

Oct 17, 2024

Infosys stock falls as company disputes Rs 32,000 crore GST notice

IT major Infosys posts 4.7 pc increase in Q2 net profit at Rs 6,506 crore

IT major Infosys on Thursday reported a 4.7 per cent increase in net profit (year-on-year) in the July-September period (Q2 FY25) to Rs 6,506 crore from Rs 6,212 crore in the year-ago quarter.

Oct 17, 2024

India's readymade garment exports surge despite global headwinds: AEPC

India's readymade garment exports surge despite inflationary pressure: AEPC

India's readymade garment (RMG) exports recorded high growth of 17.3 per cent despite global headwinds and continued inflationary pressure, the Apparel Export Promotion Council (AEPC).

Oct 17, 2024

India poised to lead emerging markets, cement its position in global economy by 2035: S&P Global

India set to become 3rd largest by 2030, likely dominate emerging markets by 2035: S&P report

S&P Global predicts India to be the fastest-growing major economy and the third-largest globally by 2030. India's entry into JP Morgan's Government Emerging Market Bond Index is expected to unlock significant domestic capital market resources.

Oct 17, 2024

Stock markets open in green but slip into red soon; Sensex down 281 points

The Sensex began trading at 81,707.38 after rising 206.02 points or 0.25 per cent in early trade but lost 281 points soon reaching 81,219.47 points as of 10:45 a.m.

Oct 17, 2024

Ahead of Diwali, Centre announces 3 per cent hike in DA for employees

Central Government Announces 3% DA Hike Ahead of Diwali; One Crore Employees, Pensioners to Benefit

The Union Cabinet, led by Prime Minister Narendra Modi has approved a 3 per cent increase in dearness allowance (DA) and dearness relief (DR) for Central government employees and pensioners.

Oct 16, 2024

Sensex plunges 318 pts, Infosys and JSW Steel top losers

The Indian benchmark indices closed in the red on Wednesday as auto, IT, and PSU banks remained under pressure.

Oct 16, 2024

Sensex closes 151 points down, Reliance and Tata Motors top losers

Sensex down 209 points, Nestle and Infosys among top losers

NSE Nifty was trading at 24,999.45 after slipping 57.90 points or 0.23 per cent.

Oct 16, 2024

IPO market buzz continues next week with 3 new public issues

Indian markets end in red, auto and IT stocks under pressure

The Indian benchmark indices closed in the red on Tuesday, as auto, IT, and PSU banks remained under pressure.

Oct 15, 2024

spicejet q2 results share price gains revenue profit india good bad dgca domestic air traffic worst civil aviation fastest capa plf otp rivals indigo

Embattled SpiceJet settles $23.39 mn dispute amid fresh insolvency case

Embattled airline SpiceJet on Tuesday said it has settled a $23.39 million dispute with Aircastle (Ireland) Designated Activity Company and Wilmington Trust SP Services (Dublin) Ltd for an aggregate sum of $5 million, as it faces a new insolvency case amid some still remain unresolved.

Oct 15, 2024