Markets

Nykaa's net profit drops almost 5 pc to Rs 12.97 crore in July-Sep

Despite the onset of festive season, online beauty and fashion ecommerce major Nykaa saw its consolidated net profit declining almost 5 per cent to Rs 12.97 crore in the July-September period (quarter-on-quarter), according to its financials on Tuesday.

Nov 12, 2024

India's retail inflation rises to 6.21 pc in Oct as vegetables play spoilsport

India's retail price inflation, based on the Consumer Price Index (CPI), rose to 6.21 per cent in October as higher prices of food items such as vegetables spiked during the month, figures released by the Ministry of Statistics on Tuesday showed.

Nov 12, 2024

Bears on prowl! Sensex tanks 820 points, Nifty below 24,000

The Indian stock market closed in red on Tuesday as heavy selling was seen in all sectors except IT and realty.

Nov 12, 2024

India breaks into world's top 6 ranks as patent filings double in last 5 years

India's patents and industrial design filings for Intellectual Property rights doubled between 2018 and 2023, taking the country to the sixth rank, according to the latest World Intellectual Property Organisation's (WIPO) annual report.

Nov 12, 2024

Smart snacking grows 1.2 times faster than traditional snacks in India

As urban consumers increasingly seek health-oriented products, smart snacking in India has grown 1.2 times faster than traditional snacks, according to a report on Tuesday.

Nov 12, 2024

Bitcoin projected to touch $100,000 by January end after Trump takes office

Bitcoin may touch $100,000 by January end after Donald Trump takes office, according to Nigel Green of deVere Group

Nov 12, 2024

Sensex snaps five-day losing streak, Nifty closes above 24,300

Sensex, Nifty open flat, Bharti Airtel and ICICI Bank among top gainers

Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent, while Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent.

Nov 12, 2024

Rural consumption of FMCG goods surged 60 pc over last 2 years: Report

There has been a 60 per cent rise in the average FMCG basket size among India's rural consumers in the last two years, driven by a growing preference for convenience products, according to the latest Group M and Kantar report released on Monday.

Nov 11, 2024

SIP inflow hits Rs 25,000 crore for 1st time, equity fund inflows at record Rs 41,887 crore

The monthly systematic investment plan (SIP) inflow made a new all-time high in India at Rs 25,323 crore in October, from Rs 24,509 crore in September, according to the latest data from the Association of Mutual Funds in India (AMFI) on Monday.

Nov 11, 2024

Gold prices fall to Rs 77,000 per 10 grams; sliver below Rs 91,000 per kg

Domestic prices of gold slipped to Rs 77,000 per 10 grams on Monday due to poor demand after the festive season ended.

Nov 11, 2024

Sensex, Nifty recover after early bumps; Asian Paints stock down 9 pc after poor Q2 results

On the National Stock Exchange (NSE), 563 stocks were trading in green, while 1,439 stocks were trading in red.

Nov 11, 2024

RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers

The Indian stock market witnessed a weak trend in the last week due to heavy selling in the largecaps.

Nov 10, 2024

India's steel exports clock double digit growth in October

India's steel exports recorded a double-digit growth of 11 per cent in October compared to the previous month, indicating an improved outlook for the sector, according to data compiled by the Ministry of Steel.

Nov 10, 2024

India's smartphone market estimated to grow 7-8 pc this year

Estimates show India's smartphone market to grow by 7 to 8% this year

India's smartphone market is estimated to grow 7-8 per cent this year, driven by strong demand for premium, 5G and AI smartphones, according to a new report.

Nov 9, 2024

India's power sector set for robust growth amid renewable energy push

As India is poised to see a surge in energy demand than any other country over the next decade owing to its sheer size and scale of rising demand from all sectors, the country's power transmission sector is set for significant growth due to ambitious renewable energy targets.

Nov 9, 2024