Business news

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

Indian share market ends in red ahead of key global policy decisions

Ahead of key policy decisions especially from the US Federal Reserve, the Indian stock market closed in red on Tuesday as selling was seen in the PSU bank, auto, IT, financial service, pharma, FMCG, metal, and realty sectors of Nifty.

Dec 17, 2024

CureFit Suffers ₹888 Crore Loss in Financial Year 2024

The recent financial disclosure from CureFit, a leading fitness startup, has raised eyebrows in the business community. The company's consolidated loss for the fiscal year 2024 has seen a significant surge of 42%, amounting to Rs 888.5 crore, a substantial increase from Rs 625.5 crore in the previous fiscal year. This increase in losses is primarily attributed to the company's high cash burn rate.

Dec 17, 2024

Indian firms raise over Rs 3 lakh crore from stock market in 2024

The year 2024 has been historic for the Indian stock market as companies have raised a record capital of over Rs 3 lakh crore so far this year through Initial Public Offerings (IPOs), Qualified Institutional Placements (QIPs), and Rights Issues, breaking the previous record of raising capital - Rs 1.88 lakh crore in 2021.

Dec 17, 2024

Share market crashes, Sensex tanks over 1,000 pts

The Indian stock market witnessed a sharp decline in noon trade on Tuesday as benchmark indices Sensex and Nifty fell by more than 1 per cent.

Dec 17, 2024

India's private sector growth surges to 4-month high in Dec: Report

India's private sector output growth strengthened to its highest level in four months during December, according to the latest HSBC 'flash' PMI data compiled by S&P Global.

Dec 17, 2024

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