Business news

After 6% rally in Nifty in December, bulls are likely to wait for New Year

The global rally in December led by the US market has lifted most markets significantly, and India was fortunate to have the lift from the state election results too, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Dec 26, 2023

Adani Green Energy to buy 8000-MW solar power for 25 years from Solar Energy Corp of India

The Adani Green Energy Ltd (AGEL) has executed a power purchase agreement (PPA) with the Solar Energy Corporation of India (SECI) 1,799-MW solar power for a period of 25 years, an official said on Monday.

Dec 25, 2023

Ola Electric files DRHP with SEBI, aims to raise Rs 5,500cr via IPO: Report

Homegrown electric two-wheeler manufacturer Ola Electric has filed its draft red herring prospectus (DRHP) with capital markets regulator Securities and Exchange Board of India (SEBI), a media report said on Friday.

Dec 22, 2023

Nifty midcap100 up 44% while Nifty smallcap100 surges 54%

Domestic markets are ending the year 2023 on a buoyant note as Nifty scales above 21,500 mark while Sensex crosses 71,000. Investor's sentiments got a big boost in November and December which helped both domestic as well as global markets scale new high, says a report by Motilal Oswal Broking and Distribution.

Dec 22, 2023

What is Telecom Bill 2023: Key provisions you need to know

The telecom bill emphasizes the critical role of the telecommunications sector as a driver of economic and social development.

Dec 20, 2023

Karnataka Minister holds discussions with Tata Group, Mahindra, JSW, RPG in Mumbai, seeks investments in state

Continuing its efforts to attract investments to the state, a high-level delegation from Karnataka led by the Large and Medium Industries, and Infrastructure Development Minister M.B. Patil on Tuesday held a series of discussions with industry leaders in Mumbai.

Dec 20, 2023

FIIs make U-turn, become big buyers of Rs 20K Cr worth stocks in 2 weeks

During the last two weeks while the Nifty is up by 6 per cent, Bank Nifty is up by 7.4 per cent and Nifty IT is up by around 11 per cent

Dec 18, 2023

Airport commissions second solar power plant.

Govt's renewables drive puts India on track for 45% emissions cut by 2030

India is expanding its renewable energy capacity at a hectic pace of 50 GW a year, which is among the fastest in the world and aims to achieve a 45 per cent cut in emissions by 2030, which will exceed the target of 43 per cent fixed at the COP28 summit in Dubai.

Dec 16, 2023

Markets: Sensex zooms past 70k after US Fed's dovish message, leaving interest rates unchanged

Triggering a massive rally by the US Fed message, BSE Sensex is up 847 points at 70,431 points on Thursday

Dec 14, 2023

Sensex down more than 200 points as IT stocks face selling pressure

BSE Sensex is down 249 points on Wednesday morning trade as IT stocks face selling pressure.

Dec 13, 2023

Omidyar Network India To Wind Up Operations, Stops Making New Investments

What does Omidyar Network's surprise exit mean for India's investment landscape

Omidyar Network India surprises by announcing its exit from the Indian market by 2024 amid a dip in funding for the country's tech startups. Let's take a look at how this move could impact India's investment landscape.

Dec 12, 2023

Markets This Week: Expect consolidation after sharp rally

The resistance around the highs made on September 15 were broken and overcome in one shot and we are now on the threshold of new milestones just waiting to be touched and then broken, writes Arun Kejriwal, an expert.

Dec 11, 2023

India's forex reserves rise to 4-month high

India's foreign exchange reserves rose to an over four-month high of $604.04 billion as of December 1, according to the latest data released by the RBI on Friday.

Dec 9, 2023

Nifty crosses 21,000-mark, reaches new all-time high

The Nifty reached a new all-time high as the RBI Governor announced the monetary policy, surpassing the 21,000 mark, says Rupak De, Senior Technical analyst at LKP Securities.

Dec 8, 2023

RBI retains repo rate at 6.5%

As predicted by economists, the Reserve Bank of India's Monetary Policy Committee (MPC) did not change the repo rate from 6.50 per cent.