Business news

Sensex and Nifty crash by 1 pc, IndusInd Bank top loser

Indian stocks open lower as market awaits US Fed meet

The Indian stock market opened in red on Tuesday as selling was seen in Nifty's PSU Bank, financial service, FMCG and metal sectors.

Dec 17, 2024

GST officials search UpGrad offices, edtech unicorn says 'routine survey'

Edtech unicorn upGrad clocks Rs 560 crore loss in FY24

Online skills and learning platform upGrad has recorded a loss of Rs 560 crore in FY24, a decrease from a Rs 1,142 crore loss in FY23.

Dec 16, 2024

Sensex settles at 81,748 amid mixed global cues

The Indian stock market closed lower on Monday amid mixed global cues.

Dec 16, 2024

India's trend GDP growth to move closer to 6.5-7 pc in FY25: Crisil

The main macro drivers remain healthy and India's GDP growth is likely to move closer to the trend growth of 6.5-7 per cent this fiscal, a Crisil Insight report said on Monday.

Dec 16, 2024

India's WPI inflation eases to 1.89 pc in November

India's WPI inflation eases to 1.89% in November

India's annual rate of inflation based on the Wholesale Price Index (WPI) eased to 1.89 per cent in November compared to 2.36 per cent in October as the rise in food prices slowed during the month with the fresh crop arriving in the market, data released by the Commerce and Industry Ministry on Monday showed.

Dec 16, 2024

Indian share market opens lower, auto and IT stocks drag

The Indian stock market opened in red on Monday as selling was seen in Nifty's auto, IT, PSU Bank, pharma and metal sectors.

Dec 16, 2024

Market Outlook: US Fed policy, FII data and global cues key triggers for next week

A blend of global and domestic factors will influence the stock market outlook for next week. On the global front, particularly the performance of US markets and the Fed's monetary policy decisions will play a significant role; and domestic economic indicators like GDP growth, FIIs and inflation will shape market sentiment.

Dec 15, 2024

Reliance Industries marching towards negative return for 1st time in last 10 years

The share of Reliance Industries Limited (RIL) has underperformed in the last three months, and India's largest private firm stock is heading towards negative return for the first time in the last 10 years.

Dec 13, 2024

India's GDP growth to hold steady in FY25, likely to clock 6.7 pc in FY26

India's economic growth will continue to hold steady in FY25 despite global uncertainties, with a projected GDP at 6.7 per cent in FY26, a report showed on Friday.

Dec 13, 2024

Sensex trades higher on strong global cues

Sensex closes at 82,133 after 2,000 pts rally from day low

The Indian stock market closed in the green on Friday, with sharp gains in heavyweights like Bharti Airtel, ITC, HUL, and Kotak Mahindra Bank.

Dec 13, 2024

Paytm sells entertainment ticketing business to Zomato for Rs 2,048 crore

Zomato hit with Rs 803 crore tax notice demand amid AI integration plans

Zomato has been hit with a tax demand notice of Rs 803 crore by the Goods and Services Tax (GST) department. The notice, issued by the Joint Commissioner of CGST and Central Excise in Thane, includes GST demand and interest and penalty.

Dec 13, 2024

Sensex, Nifty fall more than 1% as global risks weigh on market sentiment

Indian benchmark indices Sensex and Nifty fell more than 1 per cent on Friday. At around 10.51 a.m., the Sensex fell 1,017.03 points or 1.25 per cent to 80,272.93, while the Nifty fell 306.80 points or 1.25 per cent to 24,241.90.

Dec 13, 2024

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

Share of top 50 stocks to total market cap at all-time low: Report

Share of the top 50 stocks in the total market capitalisation has hit an all-time low.

Dec 12, 2024

Sensex and Nifty down 1 pc in early trade amid heavy selling

Share market ends lower ahead of CPI data, Sensex settles at 81,289

The Indian stock market closed lower on Thursday ahead of the CPI data as selling was seen in the media and FMCG sectors.

Dec 12, 2024

Telecom PLI sees Rs 3,998 crore worth actual investment: Centre

The production-linked incentive (PLI) scheme for telecom and networking products has witnessed Rs 3,998 crore worth actual investment (against Rs 4,014 crore as committed investment) by micro, small and medium enterprises (MSMEs) and non-MSMEs, the Parliament was informed on Wednesday.

Dec 12, 2024