Jefferies goes bullish on Adani Group, recommends ‘Buy’ for 4 Group companies
New Delhi, May 31 - A new Jefferies report has recommended ‘Buy’ on Adani Enterprises, Adani Ports, Adani Energy Solutions, and Ambuja Cements, as Adani Group clocked an impressive 40 per cent EBITDA growth (YoY) in FY24.
RBI shifts 100 tonnes of gold from vaults in UK to India
New Delhi, May 31 - The Reserve Bank of India (RBI) has shifted around 100 tonnes of its gold kept in bank vaults in the UK to its own vaults in India in a move aimed at saving storage costs, according to media
DIIs bullish on stock market, invested over Rs 2 lakh crore to date in 2024
Mumbai, May 31 - The Domestic Institutional Investors (DIIs) are bullish on the Indian stock market and have poured over Rs 2 lakh crore so far this year.
Banks have recovered Rs 10 lakh crore bad loans during 2014-23: FM Nirmala Sitharaman
New Delhi, May 31 - Finance Minister Nirmala Sitharaman said on Friday that banks have recovered more than Rs 10 lakh crores from bad loans between 2014 and 2023, as part of the reforms process implemented by the Modi government.
Sensex jumps over 400 points, L&T, M&M top gainers
Mumbai, May 31 - Indian equity indices snapped their five-day fall and opened higher on Friday following an over five per cent fall in the Indian Volatility Index (India VIX).
TIME recognises Reliance Industries as one of world’s most influential companies
New Delhi, May 30 - Reliance Industries was included in the prestigious TIME’s list of 100 World’s Most Influential Companies of 2024 under the ‘Titans’ category.
FM Nirmala Sitharaman highlights success of IBC, lashes out at Congress for holding back reform
New Delhi, May 30 - Finance Minister Nirmala Sitharaman on Thursday said that the Insolvency and Bankruptcy Code (IBC) introduced by the Modi government in 2016 has brought a paradigm shift in the debtor-creditor relationship and provides a streamlined, one-stop solution for resolving
RBI to roll out AI-driven system to protect interests of bank customers
Mumbai, May 30 - In order to protect the interests of customers of banks and NBFCs, the Reserve Bank plans to focus on embedding AI and other related tools in the complaint management system (CMS) to facilitate lodging of complaints with ease and
Sensex sheds 617 points, IT and metal stocks drag
Mumbai, May 30 - Indian equity indices closed in deep red on Thursday due to profit booking before the Lok Sabha election results.
Hero Fincorp approves Rs 4,000 crore IPO
Mumbai, May 30 - India's largest two-wheeler manufacturing company Hero Motocorp's financial arm Hero Fincorp approved a Rs 4,000 crore Initial Public Offering (IPO) of equity shares with a face value of Rs 10 each.
Awfis Space Solutions debuts at 13 per cent over issue price
Mumbai, May 30 - The shares of office space provider company, Awfis Space Solutions, debuted with positive gains on exchanges on Thursday. The company’s shares opened at Rs 435, a 13.58 per cent premium over its issue price of Rs 383 on the
Sensex falls 314 points amid muted global cues
Mumbai, May 30 - Indian equity indices opened in the red on Thursday following muted global cues.
Sensex falls 667 points on mixed global cues, Nifty drops to 22,704
Mumbai, May 29 - The equity benchmarks in India closed in deep red on Wednesday due to profit booking by investors and mixed global cues – marking a decline for three consecutive days so far this week.
EET Retail continues to deliver on ambitious expansion plans
Stanlow, May 29 - EET Retail, the retail division of EET Fuels, has reopened two new service stations recently, with more expected to be opened throughout the year ahead.
Over 30 lakh styles, 8,800 brands and 20 million expected visitors: Myntra EORS-20 live from May 31
New Delhi, May 29 - Celebrating a decade of revolutionising fashion through its marquee event, Myntra, one of India's leading fashion, beauty and lifestyle destinations, on Wednesday announced the 20th edition of its flagship fashion fiesta, the EORS (End of Reason Sale).
FIIs offload over Rs 24,000 crore in Indian equities in May
Mumbai, May 29 - Foreign institutional investors (FIIs) have turned aggressive sellers in Indian equity markets due to the outperformance of the Hong Kong index Hang Seng.
India’s Digital Skill Hub to go global as ILO inks pact
New Delhi, May 28 - The National Skill Development Corporation (NSDC) under the aegis of the Ministry of Skill Development & Entrepreneurship and the International Labour Organization (ILO) on Tuesday announced a strategic partnership to advance skill development and lifelong learning in India
PRAVAAH portal, RBI Retail Direct Mobile Application and FinTech Repository launched for ease of biz
Mumbai, May 28 - RBI Governor Shaktikanta Das on Tuesday launched three major initiatives of the Reserve Bank of India which include the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository.
Nifty likely to hit 26,500 in next 18 months: Report
Mumbai, May 28 - The Nifty can touch 26,500 levels in the next 18 months. brokerage firm Emkay Global Financial Services said in a report on Tuesday.
Thailand eases visa rules to allow longer stays for tourists, students
Bangkok, May 28 - Thailand on Tuesday announced longer visa stay periods for tourists, postgraduate students, remote workers, and retirees as part of the government’s policy to rev up the tourism sector amid a slowing economy.