Sensex and Nifty trade higher, banking stocks in top gear
Mumbai, June 19 - India equity indices opened in the green on Wednesday following which top private banks like IndusInd Bank, ICICI Bank and Axis Bank have become top gainers in Sensex.
RBI Governor expects growth in April-June quarter to surpass 7.2 pc estimate
Mumbai, June 19 - RBI Governor Shaktikanta Das expects the strong growth momentum of the last financial year to continue into the April-June quarter of the current financial year, bolstered by strong fundamentals of the economy.
India’s net direct tax collections surge by 21 pc in FY25
New Delhi, June 18 - India’s net direct tax collections have shot up by a robust 20.99 per cent for the financial year 2024-25 as of June 17 to Rs 4,62,664 crore, compared to Rs 3,82,414 crore in the same period of the
Stock markets at record high, defence stocks zoom
Mumbai, June 18 - Riding on defence sector stocks led by Hindustan Aeronautics Ltd, Mazagon Dock, Paras Defence, and Cochin Shipyard, the Indian indices closed at record high on Tuesday.
Rental price growth slows down 50 pc in top cities as housing supply surges: Report
Mumbai, June 18 - A surge in housing supply resulted in a nearly 50 per cent drop in rental price growth in top cities in the second quarter this year (to date) -- registering a 2-4 per cent quarterly rise which is down
India’s spices exports hit record $4.46 billion in FY24, red chilli up by 15 pc
New Delhi, June 18 - The export of spices and its products reached an all-time high in FY 2023-24 at a record $4.46 billion making India a key player in the global trade.
Sensex, Nifty hit new all-time high on strong global cues
Mumbai, June 18 - Indian equity frontline indices opened in green on Tuesday following positive global cues. In the early trade, Sensex and Nifty made a new all-time high of 77,326 and 23,573 respectively.
Shares of Hyundai Motor jump as it files for India unit IPO worth $3 billion
Seoul, June 17 - Shares of Hyundai Motor, South Korea's leading carmaker, jumped here on Monday as it confirmed that its India unit has filed for an initial public offering (IPO) to raise around $3 billion (Rs 25,000 crore).
Markets need correction but current momentum indicates otherwise
New Delhi, June 16 - After the sharp gains witnessed in the previous week, markets were circumspect this time around but continued to post gains. Markets are at lifetime highs, and in the previous week, one saw the market breadth gaining substantially.
Indian banks have bounced back in 10 years with 4-fold jump in profits: Report
New Delhi, June 17 - Indian banks have bounced back over the last 10 years with a 4-fold increase in profits and a sharp decline in bad loans, according to a report by capital markets and investment group CLSA.
Market Outlook: Monsoon, Budget, other factors to drive markets this week
Mumbai, June 17 - India stock markets will remain closed on Monday on the account of Eid-ul-Adha. Trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will resume on Tuesday.
We aim to educate, engage stakeholders on Social Stock Exchange: NSE CEO
New Delhi, June 14 - The National Stock Exchange (NSE), under the guidance of markets regulator SEBI, has initiated a series of events across India to raise awareness about the Social Stock Exchange (SSE), Ashish Kumar Chauhan, MD and CEO, NSE, said on
Vodafone Idea’s board approves fundraise of Rs 2,458 crore via stock sale
Mumbai, June 13 - Telecom service provider Vodafone Idea, on Thursday, said that its board has approved issuance of about 166.8 crore equity shares worth Rs 2,458 crore on a preferential basis.
GST Council meeting scheduled for June 22
New Delhi, June 13 - The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on June 22 to take a look at the taxes being levied on goods and services ahead of the full Union Budget which is likely to be
Sense, Nifty at all-time high as inflation cools this week
Mumbai, June 15 - Indian stock markets closed at an all-time high in the last week. This is the second consecutive week when Indian frontline indices Sensex and Nifty made a new all-time high of 77,145 and 23,490 respectively.
SK Telecom to invest $10 mn in Perplexity for AI search cooperation
Seoul, June 13 - SK Telecom, a leading South Korean mobile carrier, said on Thursday it will invest $10 million in US Artificial Intelligence (AI) startup Perplexity to cooperate on AI search services.
NSE alerts investors against entities offering dabba trading, investment tips on social media
Mumbai, June 12 - The National Stock Exchange (NSE) on Wednesday warned investors against a person and entities engaged in dabba/illegal trading.
Nifty closes at 23,398 after touching all-time high
New Delhi, June 13 - Indian equity benchmarks closed in the green on Thursday following inflation decreases in India and the US. At closing, Sensex was at 76,810, up by 204 points or 0.27 per cent, and Nifty was up by 75 points
India’s toy exports expand to more than 100 countries
New Delhi, June 12 - The Indian toy industry has expanded its global presence to more than 100 countries including the US, the UK, Germany, the Netherlands, Denmark and even China and the next step for the toy manufacturers is to reach international
Sensex jumps 149 points, Nifty closes above 23,300
Mumbai, June 12 - Indian equity benchmark indices closed in the green on Wednesday following a volatile session.