Markets

While most global equity markets are rising 5-20% in 2023, India is flat

The Nifty, after a weak run in the last four months, bounced back in April with 4.1 per cent MoM gain, Motilal Oswal Financial Services said in a report.

May 3, 2023

Swiggy begins charging Rs 2 'platform fee' per food order from users

Online food delivery platform Swiggy has started charging all users a "platform fee" of Rs 2 per food order, irrespective of the cart value.

Apr 29, 2023

Visiting Nepal? Soon you can make payments using BharatPe, PhonePe, Google Pay and Paytm

The accord will allow Indian tourists in Nepal to make digital payments using Indian e-wallets like BharatPe, PhonePe, Google Pay and Paytm.

Apr 11, 2023

Mumbai: People walk past a screen showing stock market goes up outside BSE building at Dalal Street

Sensex crosses 60,000, Nifty around 17,650 points as markets revive after Hindenburg row

Market Indices are seen at day's high as Sensex crosses 60,000, Nifty around 17,650 points with Tata Motors, HDFC Bank, ICICI Bank, Axis Bank and Reliance Industries being the most active shares on the NSE.

Apr 10, 2023

No change in repo rate, GDP projected at 6.5% for FY24

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) on Thursday unanimously decided not to revise the repo rate, the central bank's Governor Shaktikanta Das announced.

Apr 6, 2023

Twitter co-founder Jack Dorsey to take home nearly $1 bn once Elon Musk closes deal

After Adani, Hindenburg targets Twitter former CEO Jack Dorsey, makes him poorer by $526 million

Dorsey is now worth $4.4 billion, according to Bloomberg Billionaires Index. His firm Block's shares nosedived as much as 22 per cent on Thursday, before closing down 15 per cent late on Thursday.

Mar 24, 2023

Hindenburg to come out with one more report, details not given

The US short seller said another report is in pipeline, in a tweet a few hours ago without giving further details.

Mar 23, 2023

Last time hike? US Fed raises interest rates again, defends move

The US Federal Reserve on Wednesday raised interest rate by 25 basis points, which is modest compared to previous hikes aimed at curbing inflation

Mar 23, 2023

Sensex up 370 points high, IT, FMCG under pressure

US stocks jumped on Monday after a deal to rescue Credit Suisse and central bank efforts brought confidence levels back in the financial system.

Mar 21, 2023

Banks drag down Wall Street stocks; Indian banks strong, says RBI Governor

What we have in India today is a well-regulated and well-supervised banking sector and even the NBFCs sector and other financial entities come under the RBI's domain, says RBI Governor

Mar 18, 2023

Confused with US's SV Bank crisis, besieged SVC Bank threatens legal action

Deju Vu 2008? Dow opens 600 points down, Credit Suisse down 20%, banking fears spread rapidly across global markets

The US' Dow opened the day with a decline of more than 600 points Wednesday as banking fears spread across global markets, reports said.

Mar 16, 2023

Stock Market Today: Hopes of rebound linger as US returns to positive sentiment

Asian markets are poised to rebound on Wednesday as investors re-enter after the worst of the global fallout from the American banking sector has passed.

Mar 15, 2023

SVB Bank collapse: Indian startups have millions stuck in SVB; Indian govt to the rescue

Many Indian startups choose to be incorporated in the US. The money raised from access to global VC is deposited in SVB.

Mar 14, 2023

SVB Collapse Update: Germany halts operations, US bank shares tumble

In London, Standard Chartered is down 6 per cent with Barclays losing 5 per cent. The market is sending a consistent message that a US recession is about to start,