Markets

Retail apocalypse: Over 10,000 store closures predicted in 2021; Is your favourite brand in the list

Among the major retailers, Macy's Inc has already released a list of 45 stores that it plans to wind up by the end of April this year

Jan 31, 2021

Bitcoin, Ethereum are types of cryptocurrencies available

After Gamestop, this mysterious dog coin too gets 800% push in just 2 days

Dogecoin, started in 2013 as a joke among dog lovers, is the favourite among the digital currency traders now seeing a sudden surge of 800% in value by Friday, Jan. 29, 2021

Jan 31, 2021

Black Friday Deals At GameStop Leaked; $330 For Xbox One Assasin's Creed Bundle, $400 For PS4 GTA V and More

GameStop shares surge 1,700% in 2 weeks, Nasdaq CEO calls for urgent halt on its trading

It was a handiwork of groups connected via online brokerage apps like Robinhood.com who discuss stocks on anonymous social media messaging boards like Reddit and manipulate a particular stock

Jan 28, 2021

Sensex plunges by 1,000 points mid-day, closes 938 points down due to heavy selling

Sensex closed on Wednesday, down 937.66 points or 1.94% at 47,409.93, and the Nifty at 271.40 points or 1.91% down at 13,967.50

Jan 27, 2021

Recovering Fortunes: Yes Bank sees signs of reaching pre-COVID levels soon

Private lender Yes Bank has witnessed internal as well as external indicators of fast-paced economic recovery leading to pre-Covid operational levels.

Jan 25, 2021

Sensex crosses 50,000-mark on Thursday; Markets upbeat after Biden swearing-in

Sensex drops 550 points, holds on to 49,000 range

Despite a positive RBI report, Sensex, which crossed record 50,000 mark on Thursday dovetailed a day later due to heavy selling in banking, finance and metal stocks

Jan 22, 2021

Unauthorized stock tips on WhatsApp land two in trouble; SEBI imposes Rs. 25 lakh penalty

Mansoor Rafiq Khanda and Firoz Rafiq Khanda offered unauthorized trading tips through WhatsApp messages and internet websites including www.fullonoption.com

Jan 21, 2021

Sensex crosses 50,000-mark on Thursday; Markets upbeat after Biden swearing-in

Led by RIL scrip, healthy buying in auto and telecom stocks, coupled with a positive trend in the global markets broke Sensex's psychological barrier

Jan 21, 2021

Stockbrokers seek scrapping of multiple classification system of tax structure and give push for revival of capital market

Association of National Exchanges Member of India (ANMI) has written to Central Bank Direct Taxation (CBDT) on doing away with the multiple classification system for calculating tax on capital market income as no other country follows such complicated tax structure

Jan 17, 2021

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Seeing plight of Jack Ma; No one will invest in Chinese stocks now

Prominent investor Carson Block said Jack Ma's inability to be seen in public is just one of the reasons why China equities are uninvestible.

Jan 12, 2021

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Bitcoin plummets by 26%, $185 billion wiped off; Concerns of crypto bubble bust come true

However bizarre it may sound, but over 20 per cent drop means that the bitcoin has now entered a Bear Market.

Jan 12, 2021

Sensex crosses 49,000 for the first time, likely to touch 50,000 soon; Healthy buying of IT stocks pushes market

On Monday, after opening the markets, Sensex was trading at 49,211.61, higher by 429.10 points or 0.88 per cent from its previous close of 48,782.51 within half-an-hour. It opened at 49,252.31 and touched a high of 49,260.21 and a low of 49,015.22 points

Jan 11, 2021

Only purchase of jewellery above Rs 2 lakh needs mandatory KYC | Details

Department of Revenue (DoR) has clarified that any purchase of gold, silver, jewellery or precious gems and stones below Rs 2 lakh does not require PAN or Aadhaar of a customer as a mandatory KYC document.

Jan 10, 2021

Major fire in petrol pump near governor's house in Bhubaneswar

Petrol prices reach Rs.84 per litre in Delhi, all-time high since Oct 2018

During the pandemic, petrol price had been static since September 22 last year, and diesel rates hadn't changed since October 2. It started rising in November and again went for pause since December 8. Since then, it increased on January 6 and again on January 7

Jan 7, 2021

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Realty stocks regain as Maharashtra halves premium on realty projects

The latest move by the Maharashtra government to slash premium by 50% is likely to give a major boost to the pandemic-hit realty sector in state