Markets

What is driving Mukesh Ambani's pivot away from oil to lifestyle retail?

A recent $15-billion deal with Saudi Aramco has helped the world's largest refiner Reliance Industries deleverage the balance sheet and cut debt while freeing up resources to power diversification away from core petrochemical sector.

Sep 6, 2019

Rakesh Jhunjhunwala loses Rs 200 crore as market plunges more than 700 points

Discouraging economic data, trade war and tepid growth have created a negative sentiment among the investors, leading to huge selling on Dalal Street on Tuesday.

Sep 4, 2019

Nifty, Sensex slump 2% after dismal growth data

The broader NSE Nifty ended down 2.04% at 10,797.9, its biggest drop since July 8, while the benchmark BSE Sensex closed 2.06% lower at 36,562.91 in its worst day since October 11.

Sep 3, 2019

Auto sales continue to decline in August

Tata Motors reported a 49 percent slump in its domestic sales on a year-on-year (YoY) basis at 29,140 units.

Sep 2, 2019

India to woo foreign firms like Apple to capitalise on US-China trade war

Several Indian officials met on Aug. 14 and discussed a list of "target companies".

Aug 30, 2019

Zerodha traders lose heavily on F&O expiry day due to technical snag

This is not the first time Zerodha customers are facing such technical issues. On February 27, several traders using it faced technical issues while using Kite platform.

Aug 29, 2019

Sensex, Nifty advance 2% after Centre takes steps to spur growth

The Sensex jumped over 762.74 points to 37,463.90, while the Nifty traded 216.95 points higher to top the 11,000-point mark at 11,046.30.

Aug 26, 2019

Gold prices moving to all-time highs as China-US trade war escalates

As gold rallies, Indian markets are getting support even from the depreciating rupee, apart from the global uncertainties.

Aug 26, 2019

Centre responsive to slowdown, but more steps needed: Report

On the measures announced to boost auto sales, the report noted that the auto sector may benefit marginally.

Aug 25, 2019

Shapoorji Pallonji to sell assets to clear off Rs 4000 Cr debt

The 154-year old group witnessed a massive downgrade of its flagship firm Shapoorji Pallonji & Co. due to the slowdown in the core sector.

Aug 24, 2019

Parle row: No job losses yet, company senior category head Mayank Shah clarifies

Mayank Shah stated that job cuts are only an eventuality that Parle may look at if the current economic slowdown continues.

Aug 23, 2019

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Nifty, Sensex rebound after report of likely FPI tax rollback

Indian shares rebounded from a sharp fall on Friday, following a media report that the government could soon announce a rollback of higher taxes for foreign portfolio investors (FPIs).

Aug 23, 2019

Report of massive financial fraud drags CG Power; MCA launches probe

The shares of the company fell 20 percent on Tuesday following news about the financial fraud.

Aug 21, 2019

India's largest cookie-maker Parle may cut up to 10,000 jobs amid economic slowdown

A sharp drop in Parle's biscuit sales means the company may have to slash production, which may result in layoffs of 8,000-10,000 people.