Sensex Plunges Over 800 Points, Nifty Below 14,800; Banks Worst Hit

All the 11 sector gauges, barring the index of IT shares, were trading lower led by the Nifty Bank index's nearly 3 per cent fall.

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Wholesale Inflation Rose To 4.17% In February From 2.03% In January

The index of primary articles increased by 1.04 per cent to 145.4 in February, 2021 from 143.9 for the month of January, 2021, the Ministry of Commerce said

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All You Need To Know About Craftsman Automation IPO

Craftsman Automation IPO will end on March 17 and 50 per cent of the portion of the IPO is reserved for qualified institutional buyers.

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India's Forex Reserves Surpass Russia's To Become World's 4th Biggest

India's reserves, enough to cover roughly 18 months of imports, have been bolstered by a rare current-account surplus.

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Opinion: Hungry Fund Managers Angry With India, Want SEBI To Make A Fix

Global investors are urging the Securities and Exchange Board of India to fix the upstairs market.

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MTAR Technologies Makes A Stellar Debut, Lists At 85% Premium

MTAR Technologies' initial public offering (IPO) had received an overwhelming response from the investors; was subscribed 200.79 times, receiving total bids for 145.79 crore shares as against 72.60...

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Sensex Sheds Over 500 Points, Nifty Slips Below 14,900

Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive...

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Stocks To Watch: Axis Bank, Kotak Mahindra Bank, DLF, MTAR Technologies

Axis Bank will acquire a 9.9 per cent stake in Fettle Tone LLP, a promoter of Max Bupa Health Insurance Company, for Rs 90.8 crore

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Laxmi Organic Industries IPO Opens Today. Here Are Things To Know

Laxmi Organic Industries' primary market offering comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust

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Sensex, Nifty Poised For A Higher Opening

Global stock prices were off to a solid start while U.S. bond yields hovered near a 13-month peak on Monday as investors bet U.S. economic growth will accelerate after the passing of a massive...

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Petrol, Diesel Rates Unchanged On Monday

The state-run oil refiner Indian Oil Corporation had last raised fuel prices on February 27 to an all-time high of Rs 91.17 in the national capital

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Drastic Changes In Monetary Policy Framework Can Upset Bond Market: Rajan

Mr Rajan opined that the government's ambitious target to make India a USD 5-trillion economy by 2024-25 was "more aspirational, rather than a carefully computed one even before the pandemic"

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Kalyan Jewellers IPO To Open On March 16. Should You Invest?

Kalyan Jewellers IPO: The public issue, backed by Warburg Pincus, comprises fresh issue of Rs 800 crore and an offer for sale (OFS) amounting to Rs 375 crore

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Laxmi Organic Industries IPO To Open On March 15

The IPO comprises a fresh issue of Rs 300 crore and an offer for sale of Rs 300 crore by the promoter group, Yellowstone Trust

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No Change In Petrol, Diesel Rates On Sunday

The state-run oil refiner Indian Oil had last raised fuel prices on February 27 to an all-time high of Rs 91.17 in the national capital

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India's Draft E-Commerce Policy Seeks Equal Treatment Of Sellers: Report

India has been deliberating a new e-commerce policy for months amid complaints from brick-and-mortar retailers who allege online giants like Amazon and Walmart's Flipkart flout federal regulations.

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Must Focus On Growth Even Amid Pressure For Trade-Offs: Chief Economic Advisor

Chief Economic Advisor Krishnamurthy Subramanian's comment comes ahead of the revision of policy framework and inflation targets by the Monetary Policy Committee by March 31.

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'Sustained Economic Growth, Investment Critical For Security Reasons'

India's economy has witnessed a substantial transformation over 30 years since 1991 with an average annual growth of 6.5 per cent," the NITI Aayog CEO said.

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LiDAR Aerial Survey Conducted For Mumbai-Nagpur High-Speed Corridor

Mumbai-Nagpur High-Speed Rail Corridor: The technique for the survey uses a combination of laser data, GPS data, flight parameters, and actual photographs to provide data.

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Steady Support For Banks In Emerging Markets Despite Resolution Regimes

The impact of resolution regimes on government support will depend on policy stances by authorities, framework specifics and the extent of banks' loss-absorbing debt buffers for potential bail-ins.

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RITES Declares Second Interim Dividend Of Rs 4 Per Share

For the first nine months of the current fiscal year (April to December 2020), RITES reported a standalone revenue of Rs 1,315 crore with profit after tax at Rs 290 crore.

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Petrol, Diesel Rates Unchanged For 14 Days In A Row

Petrol, Diesel Prices Today: Petrol and diesel prices were kept steady for 14 days in a row on Saturday across the four metro cities in the country.

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Sequoia-Backed Stanza Living In Final Stages Of Raising Up To $120 Million: Report

Stanza has so far raised $70 million from venture capital firms including Sequoia Capital, Accel Partners, Matrix Partners, Falcon Edge Capital and Equity International.

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Bullet Train Project: Agreement Signed With Japanese Firm For Rail Track Work

Mumbai-Ahmedabad Bullet Train Project: National High-Speed Rail Corporation Limited signed a memorandum of understanding with Japan Railway Track Consultant Co. Limited

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Saudi Arabia Cuts April Crude For Some Asian Refiners, Maintains India Supply

Saudi Arabia's reduction in supplies come as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided earlier this month to extend most of its...

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Retail Inflation Accelerated To Three-Month High In February Amid Rising Fuel Prices

Retail Inflation In India: Retail inflation rose 5.03 per cent in February 2021 due to rise in food and fuel prices, which could challenge the Reserve Bank of India's accommodative stance.

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Rupee Gains To 72.79 Against Dollar Amid Easing Of Crude Oil Prices

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the domestic unit opened at 72.66, but gains surrendered as trade progressed throughout the session.

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Tata Sons Proposes To Buy Majority Stake In Alibaba-Backed BigBasket: Report

Tata Digital Limited, a wholly-owned unit of Tata Sons, proposed to buy 64.3 per cent of an entity that runs business-to-business sales for BigBasket.

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Anupam Rasayan IPO Oversubscribed On First Day Of The Issue

Anupam Rasayan plans to raise Rs 760 crore by selling shares in the price band of Rs 553-555 per share.

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Rising Inflationary Risks Could Trigger Caution From RBI: Experts

Retail inflation rose to 5.03 per cent in February from a year ago. Analysts in a Reuters poll had predicted an annual inflation of 4.83 per cent for the month.

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Industrial Production Contracts 1.6% In January: All You Need To Know

Index of Industrial Production, January 2021: The indices for the mining, manufacturing and electricity sectors for the month of January 2021 stand at 119.7, 135.1 and 164.2 respectively

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Tesla In Talks With Tata Power For EV Charging Infrastructure: Report

The talks between Tata Power and Tesla are in the initial stages and no arrangements have been finalised yet, the report said.

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Retail Inflation Rises To 5.03% In February Amid Rise In Food Prices

Retail Inflation, February 2021: The retail inflation rose to 5.03 per cent in February 2021, from a year ago, according to government data released on Friday

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Sensex, Nifty Snap 3-Day Winning Streak On Broad-Based Selling Pressure

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's nearly 2 per cent fall.

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Post-Brexit UK Ranked 4th Most Favoured Investment Destination: Report

The top three - the United States, China and Germany - were unchanged from the previous year's PwC survey, while Britain and India swapped positions.

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India Likely To Be Included In Global Bond Index By October: Report

Since 2019, India has been working toward getting included in global bond indexes as rising government borrowing has necessitated opening the largely domestic bond market to a broader investor base.

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Sensex Crashes Over 1,200 Points From Day's High; Nifty Below 15,000

All the 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank and Auto indexes' 2 per cent fall.

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Rakesh Jhunjhunwala-Backed Nazara Technologies IPO To Open On March 17

Nazara Technologies IPO: Investors can bid for the Nazara Technologies IPO, starting March 17, in the price band of Rs 1,100 to Rs 1,101 per equity share, at a face value Rs 4.

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Posco's Steel Plant Faces Disruption, Hampers Auto Supply Chain: Report

Supply of steel from Posco's Maharashtra plant has been seriously affected and production for carmakers "is likely to come to a standstill" if the issue is not resolved soon,

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Sensex, Nifty Off Day's Highs; Auto, Pharma Shares Underperform

All the major sector gauges came off intraday highs with seven of 11 indexes compiled by the National Stock Exchange trading higher.

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Petrol, Diesel Prices Steady For Thirteenth Straight Day

Petrol and diesel prices were kept steady for thirteenth straight day on Friday across the four metro cities in the country.

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IDBI Bank Rallies Over 15% On Exiting Prompt Corrective Action Framework

IDBI Bank gave a written commitment to the central bank that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.

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Sensex Surges Over 500 Points, Nifty Above 15,300 On Strong Global Cues

HDFC Bank, Infosys, ICICI Bank, Reliance Industries, Larsen & Toubro and Axis Bank were among the top movers in the Sensex.

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Sensex, Nifty Set To Stage Gap Up Opening On Strong Global Cues

IDBI Bank will be in focus after the Reserve Bank of India said that it will remove the bank from its Prompt Corrective Action framework

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Hitachi ABB Power Grid Wins Order Worth Rs 160 Crore From Indian Railways

Hitachi Power Grids in India is listed on the stock exchange as 'ABB Power Products and Systems India Limited'.

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India's Biggest Jeweler IPO Opens Next Week as Economy Recovers

The Kerala-based jewelry maker plans to sell shares worth 11.75 billion rupees ($161.2 million) between March 16 and March 18, the company said in a statement Thursday.

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Looking To Set Up A Fixed Deposit? Top Banks Pay These Returns

Conventionally, fixed deposits are looked upon as secured investments as they offer guaranteed returns, compared to market-linked investments such as stocks, where the returns fluctuate over time.

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One-Stop Digital Solution, Collaborations: What Jio Business Will Offer MSMEs

Jio Business will provide enterprise-grade fiber connectivity that includes voice and data services for MSMBs

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Anupam Rasayan IPO To Open Tomorrow

Anupam Rasayan IPO: A total of 50 per cent will be reserved for QIBs, 15 per cent for non-institutional investors and 35 per cent for retail investors

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The Winners and Losers From Surging Oil Prices

Oil has climbed 75 per cent since the start of November as major economies vaccinate their populations and reopen after the pandemic shut down factories and grounded planes

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Petrol, Diesel Prices Remain Steady On Thursday

Indian Oil Corporation, the country's largest state-run oil refiner, had last hiked the petrol prices on February 27 to an all-time high of Rs 91.17 in the national capital

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BSE, NSE Shut Due To Mahashivratri

Maha Shivaratri 2021: The Maha Shivaratri festival is celebrated in honour of god Shiva and refers to the night when Shiva performs the heavenly dance.

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Gold Price Today: Yellow Metal Gains Rs 112 To Rs 44,286, Silver Rises

Gold Price In India Today: MCX gold futures, due for an April 5 delivery, was last seen trading 0.15 per cent lower at Rs 44,790, having swung between Rs 44,630 and Rs 44,944 during the session

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Indian Railways Flags Off Cape Gauge Locomotive For Export To Mozambique

Indian Railways is exporting the first batch of two locomotives as part of the total order of six locomotives of 3000 HP cape gauge locomotive and 90 stainless steel passenger coaches to Mozambique.

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Reliance Jio To Support 50 Million MSMEs With Fiber Connectivity, Digital Services

The new integrated offering 'Jio Business' intends to offer digital solutions such as voice and data services to empower enterprises for managing and growing their businesses

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Easy Trip Planners IPO Subscribed Over 150 Times On Final Day Of Subscription

Easy Trip Planners IPO: Easy Trip Planners sold shares in the price band of Rs186 -187 per share and through its IPO, and plans to raise ₹ 510 crore at the higher end of the price band

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RBI Lifts IDBI Bank Out Of Corrective Action List After Four Years

IDBI Bank was placed under the so-called PCA framework in 2017 over its high bad loans and negative return on assets, at a time when Indian lenders battled record levels of soured assets, prompting...

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Rupee Inches Marginally Higher To 72.91 Against Dollar Tracking Bond Yields

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.97 against the dollar and registered an intra-day high of 72.88

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AU Small Finance Bank Gains Nearly 2% On QIP Issue

AU Small Finance Bank has set the floor price of the issue at Rs 1,181.06 per share and may offer a discount of up to 5 per cent, the bank said in a regulatory filing to stock exchanges

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Sensex, Nifty Gain For Third Straight Session Led By IT, Metal Stocks

The benchmarks staged a gap up opening wherein the Sensex rose as much as 405 points and Nifty 50 index briefly moved above its important psychological level of 14,200.

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Rate-Hike Bets Rise In India On Fears Of Tighter Monetary Policy

Rate-hike wagers are building around the world as optimism over an economic rebound is complicated by concern that inflation is quickening following an unprecedented period of rock-bottom borrowing...

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Power Grid Shares Fall After Acquiring Ramgarh New Transmission Limited

Power Grid share price: On Wednesday, shares of Power Grid opened on the BSE at Rs 220.35, touching an intra day high of Rs 220.35, an intra day low of Rs 214.05, so far.

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How WeWork Is Prepared To Welcome Workforce Back To Work

WeWork prioritizes people's wellbeing and each location abides by government health and safety regulations.

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Global GDP To Surpass Pre-Pandemic Level By Mid-2021, Says OECD

The pace and duration of the recovery will depend on the race between vaccines and emerging variants of the virus, according to the OECD's latest interim economic outlook

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Sensex, Nifty Off Day's Highs Ahead Of Weekly Future & Options Expiry

Six of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index's 1.5 per cent gain.

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MTAR Technologies: How To Check Share Allotment Status

MTAR Technologies IPO: The reserved portion of qualified institutional investors was subscribed 164.99 times, non-institutional investors segment was subscribed 650.79 times and retail portion, 28.4...

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India's Retail Inflation Probably Rose In February: Poll

The March 5-9 poll of over 50 economists showed retail inflation climbed to 4.83 per cent in February from January's 4.06 per cent

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Opinion: Read India's Tea Leaves In Bonds, Not Stocks

Only two-fifths of the sovereign notes put up for sale have been bought by investors. The rest of the auctions were partially cancelled or devolved on primary dealers.

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After Budget Day, Investors Withdrew Rs 17,220 Crore From Stocks, Bonds

Corporate bonds saw the biggest outflows in about two years after the government last month announced a bigger-than-expected borrowing plan in its budget, triggering a spike in yields

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Sensex Soars Over 300 Points, Nifty Hovers At 15,200

US stocks had rallied on Tuesday, with the Nasdaq gaining about 4 per cent to recoup heavy losses from the previous session, as US bond yields retreated and investors scooped up battered technology...

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Stocks To Watch: PowerGrid Corporation, Godrej Properties

PowerGrid Corporation has acquired Ramgarh New Transmission; the transmission system comprises a new 400/220kV substation, 400kV DIC transmission lines and associated Substation extension works in...

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Sensex, Nifty Poised To Open Higher On Positive Global Cues

US stocks rallied on Tuesday, with the Nasdaq gaining about 4 per centto recoup heavy losses from the previous session as US bond yields retreated and investors scooped up battered technology stocks

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Petrol, Diesel Prices Steady On Wednesday

Indian Oil Corporation, the country's largest state-run oil refiner had last hiked the petrol prices on February 27 to an all-time high of Rs 91.17 in Delhi

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Indian Railways Integrated Rail Madad Helpline '139': All You Need To Know

Rail Madad Helpline: The new helpline number 139 will take over all the existing rail helpline numbers so that the process becomes easier for the passengers to connect with railway authorities

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Delhi Metro Red Line Stations Redeveloped: All You Need To Know

Delhi Metro Red Line: As many as 21 stations betweenDilshad Garden and Rithala section of the Delhi Metro Red Line, which are amongst the oldest ones on the Delhi Metro network were recently...

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Rupee Gains To 72.93 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.16 against the dollar and registered an intra-day high of 72.91

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Unilever To Exclude Word 'Normal' From Beauty Products For Inclusivity

Globally, more than a hundred Unilever brands will have the word "normal" removed to describe skin type or hair texture, and replaced with terms such as "grey hair" for shampoos or "moisture...

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Easy Trip Planners IPO Subscribed 7.2 Times On Second Day Of Subscription

Easy Trip Planners IPO: Easy Trip Planners is selling shares in the price band of Rs186 -187 per share and through its IPO, it plans to raise Rs 510 crore at the higher end of the price band

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Bank of Baroda To Seek Investor In Credit Card Business, Says CEO

The business, set up in 1994 to house the bank's credit card portfolio, is a wholly owned subsidiary that offers more than half a million customers a range of Visa and Mastercard-linked card options.

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Air India Employees Consortium Disqualified From Divestment Process

Air India Employees Consortium submitted an ''expression of interest'', last year, to participate in strategic divestment of the national carrier Air India.

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Refiners Asked To Cut Reliance On Middle East Oil After OPEC+ Decision: Report

Most of the OPEC+ producers, led by world's top exporter Saudi Arabia, last week decided to extend most output curbs into April.

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Ground Survey Conducted Through Laser Technique For Bullet Train Project

Bullet Train Project:

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Sensex Rallies Over 550 Points, Nifty Ends Near 15,100 Led by IT, Banks

Infosys, Tata Consultancy Services, HDFC Bank, ICICI Bank and Kotak Mahindra Bank were among top movers in the Sensex.

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India Protection Quotient Moves Up On Heightened Awareness: Survey

On the back of increased awareness and ownership of life insurance, urban India's protection quotient improved from 35 (during pre-Covid times in IPQ 2.0) to 39 now.

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Sensex Off Day's High, Up 200 Points; Broader Markets See Profit-Booking

Financial stocks are witnessing buying interest, with SBI Life Insurance, Kotak Mahindra Bank, HDFC Bank, Axis Bank, ICICI Bank and HDFC gaining 1.3-5.2 per cent each on the BSE

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JSW Energy Falls After Signing Agreement For Sale Of Thermal Power Plant

JSW Energy Share Price: On Tuesday, shares of JSW Energy opened on the BSE at Rs 88.40, touching an intra day high of Rs 89.45, and an intra low of Rs 82.45, so far.

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Inox Wind Signs Pact For 92 MW Wind Power Projects; Stock Edges Higher

The agreement includes a turnkey order of 26 MW for which Inox Wind will provide Integrum Energy with end-to-end solutions, rangingfrom development and construction to commissioning

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As Oil At $70 Challenges Global Economic Recovery, What India May Face

A missile attack Sunday on a key Saudi Arabian export facility sent Brent crude, the international benchmark, above $70 a barrel for the first time since January 2020

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Sensex Soars Over 500 Points, Nifty Above 15,100

Overnight, the Dow hit a record intra-day high but the big tech stocks that have led Wall Street to scale successive peaks over the past year fell, with the Nasdaq closing down 2.41 per cent

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Stocks To Watch: Kotak Mahindra Bank, JSW Energy

Kotak Mahindra Bank's board of directors will meet on March 12 to decide on the payment of dividend on non-convertible perpetual non-cumulative preference shares

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Sensex, Nifty Likely To Have A Cautious Opening

Asian stocks were set for a strong opening on Tuesday, helped mostly by global recovery prospects and the passage of a $1.9 U.S. trillion stimulus bill

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No Change In Petrol, Diesel Prices On Tuesday

Indian Oil Corporation, the country's largest state-run oil refiner, had last hiked the petrol prices more than a week ago on February 27 to an all-time high of Rs 91.17 in the national capital

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Fiscal Steps Taken By Government Led To Positive Growth: Nirmala Sitharaman

The minister further said that the gradual unlocking of the economy has eased supply-side disruptions enabling inflation to decline from 7.6 per cent in October, 2020 to 4.1 per cent in January 2021.

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Easy Trip Planners IPO Subscribed 2.33 Times On First Day Of Subscription

Easy Trip Planners shares were in huge demand as the IPO was fully subscribed within hours of opening. By 12:00 pm, the IPO was subscribed.

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Aarti Drugs Soars Nearly 4% On Getting Nod Under Pharma Incentives Scheme

Aarti Drugs: The government recently launched a Production-Linked Incentive Scheme to promote domestic manufacturing by incentivising pharma manufacturers to set up greenfield projects in India

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Sensex, Nifty End Volatile Session On A Flat Note

Gains in Infosys, Larsen & Toubro, Reliance, Axis Bank and SBI were offset with losses in HDFC, HDFC Bank, Bajaj Finance and Hindustan Unilever.

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Bad Loans To Rise At Banks As Easy Liquidity May Tighten: Fitch

Fitch sees high risk of a "protracted deterioration" in asset quality with more pressure on loans to retail and stressed small and medium-sized firms.

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Easy Trip Planners IPO Fully Subscribed Within Hours Of Opening

Easy Trip Planners is selling shares in the price band of Rs 186-187 per share, fetching the company Rs 510 crore at the higher end of the price band.

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Astral Poly Technik Gains On Declaring Record Date For Bonus Issue

Astral Poly Technik has surged over 200 per cent to fresh record high of Rs 2,332, outperforming the Sensex which was up 0.35 per cent.

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Anupam Rasayan IPO To Open On March 12. Key Things To Know

Anupam Rasayan IPO will be a fresh issue of equity shares and the issue will have 50 per cent quota reserved for QIBs, 15 per cent for non-institutional investors and 35 per cent for retail investors

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Muthoot Finance Shares Fall After Chairman's Death

George Muthoot took charge as chairman in 1993, overseeing its expansion into more than 4,500 branches across the country and growing its market capital nearly eight folds in the past decade.

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What Are Popular Investing Habits Of Indian Women In 2021?

Women's Day 2021: Investment platforms conducted surveys to understand the qualitative aspects of women's investing habits, their goals, and the way they view the process of wealth creation.

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Sensex Gains More Than 300 Points, Nifty Reclaims 15,000

Asian shares rallied on Monday after the U.S. Senate's passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound

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Easy Trip Planners IPO Opens For Subscription Today

Easy Trip Planners IPO: The shares will be sold in the price band of Rs 186-187 per share, fetching the company Rs 510 crore at the higher end of the price band

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Stocks To Watch: Maruti Suzuki India,Aarti Drugs

Aarti Speciality Chemicals Limited, a wholly-owned subsidiary of Aarti Drugs, has received an approval under the Production Linked Incentive scheme for the pharma sector

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Sensex, Nifty Likely To Have A Gap-Up Opening

Asian shares rallied on Monday after the U.S. Senate's passage of a $1.9 trillion stimulus bill and a surprisingly strong payrolls report augured well for a global economic rebound

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Petrol, Diesel Prices Unchanged For Ninth Straight Day, On Monday

Indian Oil Corporation, the country's largest state-run oil refiner had last hiked the petrol prices a week ago, on Saturday, February 27 to an all-time high of Rs 91.17 in Delhi

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Easy Trip Planners IPO To Open On March 8. Key Things To Know

Easy Trip Planners IPO is an offer for sale by founder promoters, Nishant Pitti and Rikant Pittie; Nishant holds 49.81 per cent stake in the company and Rikant, 49.68 per cent

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Utkarsh Small Finance Bank Files IPO Papers

Utkarsh Small Finance Bank's IPO will comprise fresh issue of equity shares worth Rs 750 crore and an offer of sale of Rs 600 crore by the promoter Utkarsh Coreinvest

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Rashtriya Ispat Nigam To Sell Land In Vizag, May Garner Rs 1,000 Crore

On Thursday, state-run construction company NBCC had announced signing an MoU with Rashtriya Ispat Nigam for redevelopment and monetisation of its 22.19 acres of land in Visakhapatnam

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Petrol, Diesel Prices Steady On Sunday

Petrol prices were last hiked a week ago, on Saturday, February 27, by 24 paise per litre in the national capital, to touch an all-time high of Rs 91.17

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Government Forms Committee To Explore Cryptocurrency As Legal Tender

Minister of State for Finance Anurag Thakur said that a High-Level Inter-Ministerial Committee was constituted by the government to accept cryptocurrency as a lawful and legal tender in India

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Credit Growth Of Banks At 6.6% In February, Lending Stronger Than Last Year

The bank credit growth increased to 6.6 per cent in February, higher than 6.4 per cent recorded in the same month last year, returning to the levels observed in the early months of COVID-19

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'Lower Home Loan Rates To Spur Demand For Residential Properties': Experts

Lower interest rate on home loans: Along with the low-interest rates, banks are providing various offers including discounts on processing fees or special benefits for women customers to lure...

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Ascendas India Trust To Acquire Industrial Facility At Mahindra World City In Chennai

Ascendas India Trust's proposed acquisition of its first industrial facility located at Mahindra World in Chennai has a net leasable area of approximately 0.42 million square feet

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Technical Bids Open For Construction Of Bridges On Bullet Train Corridor

Mumbai-Ahmedabad Bullet Train Project: Technical bids were invited for the construction of bridges for the double line high-speed railway between Zaroli village at Maharashtra-Gujarat Border and...

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Petrol, Diesel Rates Steady Across All Metro Cities For A Week

The highest fuel prices are currently the highest in Mumbai where petrol is at ₹ 97.57 per litre and diesel at ₹ 88.60 per litre, whereas, in Delhi, petrol is being sold at Rs 91.17 per litre

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Gold Price Today: Yellow Metal Trades Below Rs 44,650 Mark, Silver Slumps

Gold Price In India Today: Domestic spot gold closed at Rs 44,516 per 10 grams on Friday, and silver at Rs 65,128 per kilogram - both rates excluding GST

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Rupee Edges Lower To Settle At 73.02 Against Dollar

Rupee Vs Dollar Today: In an early trade session, the local unit declined 16 paise to 72.99 against the dollar amid muted opening in domestic equities, which weighed on investor sentiment.

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MTAR Technologies IPO Subscribed Over 200 Times On Final Day

MTAR Technologies IPO: MTAR Technologies shares got overwhelming support from investors as it received total bids for 145.79 crore shares as against 72.60 lakh shares on the offer.

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India To Appeal Arbitration Ruling In $1.3 Billion Tax Dispute With Cairn

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral...

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Sovereign Gold Bonds Subscription For 12th Trance Ends Today: Should You Buy?

Gold Bond Scheme: The 12th tranche - the last series of the government's sovereign gold bond scheme 2020-21 is open for investing till today, applicable at an issue price of Rs 4,662 per unit

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Sensex, Nifty Fall For Second Straight Session Dragged By Banks

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange ended lower.

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Sensex Drops Over 500 Points, Nifty Below 15,000 Dragged By Banks

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange were trading lower.

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GAIL India, ONGC Surge On Rally In Global Crude Oil Prices

Oil and Gas shares including those of GAIL India Limited, ONGC gained after global oil prices jumped more than $1 a barrel on Friday, hitting their highest levels in almost 14 months

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Sensex, Nifty Off Day's Lows; Banking, Metal Shares Worst Hit

The equity benchmarks staged a gap down opening on the back of weak global cure wherein the Sensex fell as much as 535 points and Nifty moved below 14,950.

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Petrol, Diesel Rates Unchanged For Sixth Day In A Row

According to Indian Oil Corporation, the highest fuel prices are currently the highest in Mumbai where petrol is at ₹ 97.57 per litre and diesel at ₹ 88.60 per litre

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MTAR Technologies IPO Subscribed Over 20 Times So Far On Final Day

Retail investors were seen bidding in huge quantities for the MTAR Technologies shares in the IPO as the portion reserved for retail investors was subscribed nearly 10 times.

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ICICI Bank Reduces Interest Rate On Home Loans To Lowest In 10 Years

The country's leading private lender announced today that it has reduced its interest rate on home loans up to Rs 75 lakh to 6.70 per cent.

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Government Says OPEC+ Decision To Hit Economic Recovery

Rising oil prices are posing fiscal challenges for India, where heavily-taxed retail fuel prices have touched record highs in some parts of the country.

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Heranba Industries Makes Stellar Market Debut, Lists At Premium Of 44%

Heranba Industries shares opened for trading at Rs 900 on the BSE compared with its issue price of Rs 627 marking a gain of 44 per cent

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Sensex Drops Over 400 Points, Nifty Below 15,000 On Weak Global Cues

All the 11 sector gauges, barring the index of media companies, were trading lower led by the Nifty Bank index's over 1.5 per cent fall.

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Nifty Seen Opening Below 15,000; Wipro, Heranba Industries In Focus

Wipro will be in focus today after the company said it would buy British consultancy Capco for $1.45 billion in cash.

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RailTel Launches Prepaid Wi-Fi Service At 4,000 Railway Stations

RailTel already provides free wi-fi service at more than 5,950 stations in the country, and the facility can be availed by anyone with a smartphone and an active connection after an OTP-based...

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ArcelorMittal To Invest Rs 50,000 Crore To Set Up Steel Plant In Odisha

A Memorandum of Understanding was signed between the Odisha Government and ArcelorMittal Nippon Steel for setting up a 12 million tonne steel plant in the Kendrapara district

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At $67.54 Billion, India Attracted Highest Ever FDI In First Nine Months Of A Fiscal

The total FDI amount was 22 per cent higher as compared to $ 55.14 billion received in the first ninth months of 2019-20

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Wipro To Buy UK-Based Consultancy Capco For $1.45 Billion

London-based Capco makes 96 per cent of its revenue from Europe and North America, from where Indian IT services companies have traditionally won the most lucrative contracts.

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Sensex, Nifty Snap 3-Day Winning Streak Dragged By HDFC, Reliance

Eleven of 19 sector gauges compiled by the BSE ended lower led by the S&P BSE Bankex and Finances indexes nearly 1.5 per cent declines.

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EPFO Fixes 8.5% Interest Rate For 2020-21 On Provident Fund Deposits

The Employees' Provident Fund Organisation (EPFO) has announced the interest rates on provident fund deposits for the financial year 2020-21 on Thursday, March 4. Labor Minister Santosh Gangwar told...

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EPFO Fixes 8.5% Interest Rate For 2020-21 On Provident Fund Deposits

Labor Minister Santosh Gangwar told NDTV that the EPFO board has maintained 8.5 percent interest for 2020-21, the same rate fixed for the last fiscal 2019-20.

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State-Run Banks Likely To See Bad Loan Additions Moderate: Morgan Stanley

Some of the country's state-owned banks have long struggled with a pile of bad loans, prompting the government to pump in more funds to shore up their balance sheets.

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Sensex, Nifty Stage Partial Recovery; Broader Markets Outperform

Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Media index's nearly 3 per cent gain.

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Government Asks OPEC+ To Fulfill Promise Of Price Stability: Oil Minister

Oil prices have recovered from last year's price crash spurred by the pandemic, helped by production cuts by the OPEC+ group.

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Adani Ports To Acquire 31.5% Stake In Gangavaram Port; Stock Gains 2%

Adani Ports and Special Economic Zone is acquiring the 31.5 per cent stake of Windy Lakeside Investment in the Gangavaram Port (GPL) for Rs 1,954 crore

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Sensex Plunges Over 700 Points, Nifty Hovers At 15,000 On Weak Cues

The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery

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Stocks To Watch: Adani Ports, HDFC, Welspun India

Adani Ports and Special Economic Zones has announced that it is acquiring the 31.5 per cent in Gangavaram Port near Visakhapatnam, currently held by private equity investor Warburg Pincus

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Petrol, Diesel Prices Unchanged For Fifth Consecutive Day

Currently, thehighest fuel prices are in Mumbai where petrol is being sold at Rs 97.57 per litre and diesel at Rs 88.60 per litre, according to Indian Oil Corporation

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Sensex, Nifty Set For A Weak Opening

The Nasdaq ended sharply lower on Wednesday after investors sold high-flying technology shares and pivoted to sectors viewed as more likely to benefit from an economic recovery

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Gold Price Today: Yellow Metal Drops Below Rs 45,000 Mark, Silver Falls

Gold Price In India Today: Domestic spot gold closed at Rs 45,217 per 10 grams on Wednesday, and silver at Rs 67,919 per kilogram - both rates excluding GST

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Indian Railways Flags Off Delhi-Siddhbali Jan Shatabdi Express

According to railway authorities, train number 04048/04047 Siddhbali Jan Shatabdi Special Express will pick up regular services starting from March 4, 2021

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Steel Exports To Remain Low Amid Rising Domestic Demand: Rating Agency

The finished steel exports in January 2021 totaled 0.58 million tonnes, down six per cent month-on-month and 16 per cent year-on-year as producers focused more on domestic sales

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Rupee Gains To 72.72 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.26 against the dollar and registered an intra-day high of 72.71

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Sensex Rallies Over 1,100 Points, Nifty Settles Above 15,200 Led By RIL

Reliance Industries was top mover in the Sensex, the stock surged as much as 5.4 per cent to Rs 2,219.90

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IRCON International Falls After Government's Disinvestment Plan

IRCON International Share Price: On Wednesday, IRCON international opened at Rs 93 on the BSE, touching an intra day high of Rs 93.25 and a low of Rs 90.60.

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Reliance Industries, Bharti Airtel Gain After Spectrum Auction, Vodafone Falls

Telecom shares including those of Bharti Airtel, Reliance Industries-owned Jio gained after the firms strengthened their respective networks by purchasing spectrums in the auction yesterday

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Government Woos Tesla With Offer Of Cheaper Production Costs Than China

Nitin Gadkari's pitch comes weeks after billionaire Elon Musk's Tesla registered a company in India in a step towards entering the country, possibly as soon as mid-2021.

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Sensex Surges Over 700 Points, Nifty Above 15,100; Metal Shares Shine

Foreign institutional investors bought shares worth Rs 2,223 crore while domestic institutional investors sold shares worth Rs 854 crore.

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MTAR Technologies IPO Fully Subscribed Within Hours Of Opening

MTAR Technologies shares was in huge demand among investors as it received total bids for 91 lakh shares as against 72.60 lakh shares on the offer.

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RPP Infra Surges After Bagging New Orders Worth Rs 1,000 Crore

RPP Infra Share Price: On Wednesday, March 3, RPP Infra Projects opened at Rs 74.55 on the BSE, touching an intra day high of Rs 83.65 and an intra day low of Rs 71, so far.

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Services Growth At One-Year High On Boom In Domestic Demand

Asia's third largest economy came out of a technical recession and expanded 0.4 per cent annually last quarter.

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MTAR Technologies IPO Opens Today, Should You Invest?

MTAR Technologies is planning to raise Rs 596 crore from the IPO which comprises of an offer for sale of Rs 472.90 crore and fresh issue of Rs 123.52 crore.

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Sensex Surges 400 Points, Nifty Above 15,000 Led By Metal, Banking Shares

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's 3.7 per cent gain

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Petrol, Diesel Prices Unchanged For Fourth Day In A Row

Petrol prices were last increased on Saturday, February 27, by 24 paise per litre in national capital of Delhi to an all-time high of Rs 91.17

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Nifty Seen Opening Above 15,000; Telecom Stocks In Focus

Foreign institutional investors bought shares worth Rs 2,223 crore while domestic institutional investors sold shares worth Rs 854 crore.

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Indian Railways Freight Loading Up 10% To 112 Million Tonnes In February

According to a statement shared by the Railway Ministry, the freight earnings stood at Rs 11,096.89 crore, up 7.7 per cent over the corresponding month last year.

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Spectrum Auction Ends With Rs 77,815 Crore Bids, Reliance Jio Top Buyer

Reliance Jio Infocomm Ltd said it acquired the right to use spectrum in all the 22 circles or zones across India. In all, it won 488.35 MHz of spectrum, taking up its spectrum footprint by 55 per cent...

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Rupee Gains To 73.37 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Rate Today: At the interbank foreign exchange market, the domestic unit opened at 73.32 against the dollar and registered an intra-day high of 73.31.

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RBI Restricting Banks From Raising Stakes In Insurance Firms: Report

Reserve Bank of India rules allow banks to hold up to 50 per cent stakes in insurers and on a selective basis equity holdings can be higher but must eventually be brought down within a certain period.

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Spectrum Auction: Bharti Airtel Buys Radiowaves Worth Rs 18,699 Crore

Airtel said in a statement that it acquired radiowaves worth 18,699 crore entailing 355.45 MHz spectrum across Sub GHz, mid band and 2300 MHz bands

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Petrol, Diesel Prices Today Remain Steady For Third Day In A Row

Petrol Diesel Prices Today: After regular hikes in the past few weeks amid rise in global crude oil prices, fuel rates in India remained unchanged for the third straight day today

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Imports Rise 7% In February, Trade Deficit Widens To $12.88 Billion

India was a net importer in February 2021 with a trade deficit of $12.88 billion, as compared to a trade deficit of $10.16 billion in the corresponding month last year, improving by 26.74 per cent

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Sensex, Nifty Rally For Second Straight Session Led By Auto, IT Stocks

All the 19 sector gauges compiled by the BSE ended higher led by the S&P BSE Auto index's over 3 per cent gain.

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Bharti Airtel Gains After Acquiring 355.45 MHz Spectrum For Rs 18,699 Crore

Bharti Airtel Share Price: On Tuesday, Bharti Airtel opened on the BSE at Rs 542.95, touching an intraday high of Rs 543.95 and an intraday low of Rs 529.05, so far.

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Flipkart Expands Online Grocery Sales To More Cities

The Bengaluru-based firm said its grocery service had grown "exponentially" in the past year when many Indians began buying essential supplies online due to the health crisis.

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CNG, PNG Prices Hiked From Today: Here's How Much You Have To Pay

CNG, PNG Prices Today:

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MTAR Technologies IPO To Open Tomorrow. Here Is All You Need To Know

MTAR Technologies' Rs 596 crore IPO comprises of offer for sale of Rs 472.90 crore and fresh issue of Rs 123.52 crore.

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RailTel Corporation Rises For Third Day, Nearly Doubles From Issue Price

RailTel Corporation Share Price: On Tuesday, RailTel opened on the BSE at Rs 161, touching an intraday high of Rs 173.50, and an intraday low of Rs 156.05

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Sensex, Nifty Off Day's Highs On Weakness In Banking Shares

Eight of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto and IT indexes' nearly 2% gain.

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Bharat Petroleum Gains After Board Approves Sale Of Numaligarh Refinery

BPCL will sell stake in the refinery for a total consideration of Rs 9875 crore to a consortium of Oil India, Engineers India and Assam government.

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Sensex Rises 400 Points, Nifty Above 14,850; BPCL Rises Over 3%

All the 11 sector gauges, barring the index of metal stocks, were trading higher led by the Nifty IT index's over 1 per cent gain.

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Sensex, Nifty Set For A Quiet Start; HPCL In Focus

SGX Nifty or Singapore Nifty Futures rose 0.13 per cent or 18 points to 14,811.

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GST Collections Crossed Rs 1 Lakh Crore Mark For Fifth Month In A Row

GST collections, which directly reflect the state of economic activity, had plummeted to a record low of Rs 32,172 crore in April 2020, after the government imposed a nationwide lockdown to curb the...

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Gold Price Today: Yellow Metal Up Rs 241 In Delhi, Silver Trades Higher

Gold Price In India Today: Domestic spot gold closed at Rs 45,976 per 10 grams on Monday, and silver at Rs 68,466 per kilogram - both rates excluding GST

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Manufacturing Sector Grows For 7th Straight Month, Momentum To Continue

A fast nationwide vaccine roll out could provide a further boost to activity normalisation.

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Mobile Retailers Call For Amazon Probe, Cap On Online Smartphone Sales

In a letter sent to Modi, the group cited a Reuters special report published last month that revealed Amazon has for years given preferential treatment to a small group of sellers on its Indian...

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PF Exceeding Rs 2.5 Lakh To Stop Earning Tax Free Interest From April

Individuals whose provident fund contribution is Rs 2.5 lakh or more in a financial year, will not be able to seek tax exemption on the interest earned from the next financial year

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Bitcoin Gains 6% To Cross $47,000 After Hitting Lowest In 20 Days On Sunday

Bitcoin Gains 6%: Citi said that with the recent announcements of Tesla Inc and Mastercard's investments, bitcoin could be at the start of a massive transformation in the mainstream.

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Rupee Edges Lower To 73.55 Against Dollar Amid Rise In Crude Oil Prices

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 73.76 against the dollar and registered an intra-day high of 73.19

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Petrol Sales Increased 1.5% Last Month, Diesel Sales Fell 5.3%

State fuel retailers sold 2.22 million tonnes of gasoline and 5.81 million tonnes of diesel last month, the data provided by an industry source showed

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Sensex Surges 750 Points, Nifty Ends Above 14,750 As India Exits Recession

Buying was visible across the board as all the 11 sector gauges compiled by the National Stock Exchange ended higher.

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Maruti Suzuki Gains After Recording 11.8% Rise In Domestic Sales Last Month

Maruti Suzuki Share Price: On Monday, Maruti Suzuki India Limited opened on the BSE at Rs 6,950, touching an intra day high of Rs 7,032.85, and an intra day low of Rs 6,920, so far.

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Tata Motors Gains After Passenger Vehicle Sales More Than Doubles In February

Tata Motors Share Price: Tata Motors opened on the BSE at Rs 329.90, touching an intraday high of Rs 331.85 and an intraday low of Rs 322.55

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Warren Buffett Upbeat On US, Berkshire, Buys Back Stock Amid Pandemic

Warren Buffett's enthusiasm for the future of America and his company Berkshire Hathaway Inc has not been dimmed by the coronavirus pandemic.

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State Bank Of India Reduces Home Loan Interest Rate To 6.7%

State Bank of India, the country's largest lender, on Monday reduced its interest rate on home loans up to Rs 75 lakh to 6.70% from 6.8%.

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Manufacturing Activity Ease In February; Firms Upbeat On Demand: Survey

The seasonally-adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell marginally to 57.5 in February from 57.7 in January.

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HDFC Securities Briefly Halts Equity Trading On NSE Due To Technical Glitch

Both NSE and BSE later issued statements saying their systems were working normally after some investors complained about the issue on social media.

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LPG Rates Hiked: Here's How Much You Pay For A Cylinder Now

LPG Gas Cylinder Price: Non-subsidised LPG rates were hiked by Rs 25 in the national capital and the changes were implemented with effect from March 1, 2021

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Hindustan Copper Nearly Doubles In Six Sessions, Here Is Why

Hindustan Copper on February 2 reported that its net profit in December quarter came in at Rs 108.20 crore compared with a loss of Rs 96 crore

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Sensex Up Over 600 Points, Nifty Above 14,650 Led By Auto, Banking Shares

HDFC Bank, Infosys, Reliance Industries, ICICI Bank, HDFC and Tata Consultancy Services were among the top movers in the Sensex.

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Petrol, Diesel Prices Unchanged For Second Day In A Row

Oil prices rose more than $1 on Monday on optimism in the global economy thanks to progress in a huge US stimulus package

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Sensex, Nifty Set To Stage Gap Up Opening; Reliance Industries In Focus

Foreign institutional investors sold shares worth Rs 8,295.17 crore while domestic institutional investors bought shares worth Rs 1,500 crore.

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13 Lakh MSME Units In Uttar Pradesh Given Loans Worth Rs 42,7000 Crore

This is also for the first time in the history of the state that such a large amount of loan has been given to the MSME sector in a year.

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Sovereign Gold Bonds To Open For Subscription Tomorrow

Gold Bond Scheme: The 12th tranche of the sovereign gold bond scheme, will open for subscription on Monday, March 1, and will be available for investing till Friday, March 5, 2021

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Petrol, Diesel Prices Remain Steady On Sunday A Day After Hike

Petrol, Diesel Prices Today: On Saturday, February 27, prices of petrol and diesel were increased across the four metros in the country after a pause three days

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Chief Economic Advisor Backs Proposal To Bring Petrol Under GST

Chief Economic Advisor K V Subramanian, however, said the decision will have to be taken by the GST council.

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RIL Partners With Google, Facebook For Digital Payment Network: Report

Digital payments in India could rise to $135.2 billion in 2023, according to an Assocham-PWC India study in 2019.

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SBI Offers 5.4% Interest On FD Of 5 Years And Above. Check Latest Rates Here

BI FD Interest Rates: SBI's fixed deposits start from tenor of 7 days and go up to 10 years and any individual can open fixed deposit account with State Bank of India for minimum deposit of Rs 1,000.

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National Stock Exchange Defends Response To Exchange's Shutdown

Brokers had criticised the NSE over the lack of information after the four-hour shutdown on Wednesday.

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Petrol, Diesel Prices Raised After A Pause Of Three Days On Saturday

Prices of petrol and diesel were increased across the four metros in the country after a pause three days on Saturday.

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Agriculture, Industrial Sectors Accelerate As India Posts 0.4% Quarterly Growth

The agriculture and industrial sectors witnessed growth in the October-December quarter of the current fiscal, while the contact intensive services sectors registered de-growth

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Experts See K-Shaped Recovery As GDP Grows By 0.4% In December Quarter

The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter

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SBI Readies Mutual Fund Venture For IPO

SBI plans to ask investment banks for proposals after discussions with its board and shareholder Paris-based Amundi Asset Management

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Infrastructure Output Of Core Sectors Up 0.1% In January 2021

Infrastructure Output in January 2021: Coal, crude oil, natural gas, refinery products, as well as cement registered negative growth during the month, according to the Ministry of Commerce

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Need To Fuel Credit Flow To Businesses As Economy Thrives: PM Modi

Although the government's endeavour is to promote the private sector, public sector presence in banking and insurance is also required

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India Exits Recession With 0.4% Quarterly Growth

The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter

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India's GDP Grows At 0.4% After Two Quarterly Declines

India's quarterly GDP had contracted by a massive 23.9% in the June quarter amid the pandemic-led nationwide lockdown and by 7.5% during the September quarter

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April-January Fiscal Deficit Hits 66.8% Of Full-Year Target

Fiscal Deficit Target: Net tax receipts were Rs 11.02 lakh crore, while total expenditure was Rs 25.17 lakh crore, the data showed.

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Rupee Dives 104 Paise To Close At 73.47 Against Dollar Amid Market Crash

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.43 against the dollar, then lost further ground to register an intra-day low of 73.51

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Here's Why Economic Recovery Entered Consolidation Phase Last Month

six indicators witnessed an improved YoY performance in January 2021

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Sensex Crashes 1,939 Points, Posts Worst Day In 11 Months

The Sensex dropped as much as 2,149 points or 4.2 per cent and Nifty 50 index crashed 4.2 per cent to fall below its important psychological level of 14,500 mark.

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PM Modi Tells Banks To Unveil Innovative Products For Startups, Fintech

Speaking at a webinar on Budget announcements on Financial Services, PM Modi said to help medium and small businesses during COVID-19. 90 lakh MSMEs were given credit worth Rs 2.4 trillion.

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Inflation Target Band Appropriate For Next Five Years: RBI Report

During the period under review, headline CPI inflation averaged 3.9 per cent in India with a decline in inflation volatility, testimony to the success of FIT in terms of its primary mandate

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Gold Price Today: Yellow Metal Trades Below Rs 46,250, Silver Rates Drop

Gold, Silver Price Today: Domestic spot gold opened at ₹ 46,151 per 10 grams on Friday, and silver at ₹ 68,395 per kilogram - both rates excluding GST

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Economy Potentially Resumed Growing Last Quarter: Report

GDP Data: India had slipped into a technical recession during July-September when gross domestic product fell for two successive quarters

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Sensex Drops Over 1,800 Points, Nifty Below 14,600; India VIX Spikes 28%

Selling pressure was visible across the board as all the 11 sector gauges compiled by the National Stock Exchange were trading lower

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Rupee Slides 67 Paise To 73.10 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.43 against the US dollar, then lost further ground and touched 73.10, registering a plunge of 67 paise over its...

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Dilip Buildcon Surges On Emerging Lowest Bidder For Two Highway Projects

Dilip Buildcon emerged as the L-1 bidder for two new hybrid annuity mode (HAM) projects under Bharatmala Pariyojana, Phase 1 in Tamil Nadu and Puducherry

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RailTel Corporation Lists At Modest 11% Premium

The shares of RailTel Corporation debuted at Rs 104.60, up 11.28 per cent, on the BSE compared to the issue price of Rs 94 and on the NSE, the shares were listed at Rs 109, a premium of 15.96 per cent

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Sensex Plunges Over 1,000 Points On Weak Global Cues, Nifty Below 14,900

The National Statistical Office will release gross domestic product growth estimates for the third quarter (October-December) 2020-21 post market hours

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Stocks To Watch: Bharti Airtel, RailTel Corporation, Hatsun Agro

Bharti Airtel will have an extraordinary general meeting on March 19 to seek the approval of board members for issuing equity shares on preferential basis through a special resolution

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Petrol, Diesel Prices Unchanged On Friday

In Delhi, the price of petrol was steady at Rs 90.93 per litre and diesel was untouched at Rs 81.32 per litre, according to Indian Oil Corporation

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Budget 2021 Marks Directional Change For Economy: Finance Minister

Narendra Modi, after becoming the prime minister in 2014, discarded the system of notary saying that citizens can self attest their documents, she said, adding that the system of boiler inspector, who...

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RailTel Corporation To List On The Bourses Tomorrow

RailTel Corporation's Rs 819 crore initial public offer (IPO) was an offer for sale by the government as part of the divestment programme

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Rupee Edges Lower To 72.43 Against Dollar Amid High Crude Oil Prices

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.35 against the dollar and registered an intra-day high of 72.34

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Sensex, Nifty Gain For Third Straight Day Led By Reliance Industries

Reliance Industries, Axis Bank, Tata Consultancy Services, NTPC, IndusInd Bank and ONGC were among the top movers in the Sensex.

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United's 777 Flew Lower Than Half The Flights Permissible Between Checks

Air India is the only carrier which has Boeing 777s in its fleet but none of such planes have P&W 4000-112 engines

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Long Bets On Rupee Hit Over Three-Year High, Peso Bears Return: Poll

The biggest jump in positions was seen in the rupee, which has risen almost one per centin February on huge foreign fund inflows into equities as the economy looks set to rebound sharply

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Banks To Remain Shut For 11 Days In March 2021

Bank Holidays: In addition to five festival holidays, banks will also remain shut on four Sundays and two Saturdays

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Public Sector Undertakings Rally On PM Modis Privatisation Pitch

In the recent Budget session, PM Modi's shout-out in parliament to the private sector earned praise from industrialists like Anand Mahindra and Sajjan Jindal.

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MSME Sector At Forefront As Growth Engine Of Economy, Says RBI Governor

MSME has emerged as the growth engine of the economy with a vast network of about 6.33 crore enterprises contributing 30 per cent of the nominal GDP and 48 per cent to exports, according to RBI...

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L&T Technology Services Rises On Partnering With Airbus

L&T Technology Services will support the airlines in the development of complex workflows, creation of new interfaces between their existing information systems and Skywise and also provide assistance...

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Need Coordination Between Centre, States On Tax Reduction In Fuel: RBI

-There is a need for coordinated action between the centre and states because there are inherent taxes levied by both,- the Governor said adding that calibrated reduction of taxes was important.

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Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance

The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020

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Rupee Dips 6 Paise To 72.41 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.35 against the US dollar, then lost further ground and touched 72.41, registering a fall of 6 paise over its...

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Cadila Healthcare Gains Over 2% After Unit Buys Drug For Menkes Disease

Cadila Healthcare said that its US subsidiary has acquired an experimental drug from Cyprium for treating Menkes disease, which is a rare recessive pediatric disease

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Axis Bank Gains Over 3% On Getting Nod For Stake Purchase In Max Life

IRDAI gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities)

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Nureca Shares Make Stellar Market Debut, List At A Premium Of Over 50%

Nureca shares were in huge demand during the three-day share sale via initial public offering which concluded on February 18.

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India Likely Exited Recession In 2020-End, GDP Data May Show: Report

Two of the eight high-frequency indicators tracked by Bloomberg News improved last month, while five held steady and one deteriorated.

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Sensex Rallies Over 550 Points, Nifty Above 15,100 Led By Banks, IT Stocks

HDFC Bank, Reliance Industries, Axis Bank, Infosys, HDFC and TCS were among the top movers in the Sensex.

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2 Telecom Lines Fail To Protect NSE, World's Top Derivative Exchange

Both service providers -- Bharti Airtel and Tata Communications -- went down at the same time, hamstringing migration from Mumbai to Chennai, the people said, asking not to be identified discussing...

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Stocks To Watch: Cadila Healthcare, Dredging Corporation

Dredging Corporation of India has signed a MoU to construct first ever trailing suction hopper dredger in Indian Shipyard for the first time in Republic India with Cochin Shipyard

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Nifty Seen Opening Above 15,000; Nureca To Make Stock Market Debut

The Nifty 50 index is set to stage a gap up opening as indicated by Nifty futures traded on Singapore Exchange.

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Gamestop Rallies Again; Some Puzzle Over Ice Cream Cone Tweet

GameStop Corp shares more than doubled in afternoon trading on Wednesday, surprising those who thought the video game retailer's stock price would stabilize after a fierce rally and steep dive that...

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Petrol, Diesel Prices Steady On Thursday

In Delhi, the price of petrol was steady at Rs 90.93 per litre and diesel was untouched at Rs 81.32 per litre, according to Indian Oil Corporation

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Sensex Rallies 1,030 Points, Nifty Reclaims 14,950 Led By Private Banks

Private banks surged after the government lifted the embargo on private sector banks for the conduct of government-related banking transactions

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Rupee Gains To 72.35 Against Dollar Amid Positive Domestic Equities

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.35 against the dollar and witnessed an intra-day high of 72.26

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Economy Likely Returned To Growth In December Quarter: Poll

The median forecast from a survey of 58 economists, conducted between February18-24, put year-on-year growth at 0.5 per cent in the December quarter, as the economy stabilised after contracting 23.9...

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Cabinet Approves Rs 7,350 Crore Plan To Boost IT Product Exports

IT Sector: The production-linked incentive plan, which provides manufacturers cash-backs, will help India export IT goods worth Rs 2.45 lakh crore

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Retail Investors Dabble In Stocks Directly, Ditching Mutual Funds

The number of 'demat' accounts, which contain retail investor holdings in securities in electronic format, increased 27 per cent last year to stand at 49.8 million at the end of 2020.

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Centre Lifts Embargo On Granting Businesses To Private Banks

"Private banks can now be equal partners in development of the Indian economy, furthering the government's social sector initiatives and enhancing customer convenience," Finance Minister Nirmala...

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RBI Has 'Major Concerns' Over Cryptocurrencies: Shaktikanta Das

The central bank told lenders in 2018 they could not offer any banking services to any cryptocurrency traders or exchanges, but the order was challenged in court and eventually reversed by the top...

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MTAR Technologies IPO To Open On March 3

MTAR Technologies' initial public offering will comprise a fresh issue of 21,48,149 equity shares and an offer for sale of 82,24,270 equity shares by promoters and investors

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NSE Re-Opens After Technical Snag, Nifty Reclaims 14,800

The National Stock Exchange benchmark - Nifty 50 index rose 0.6 per cent or 88 points to 14,800 after re-opening and Sensex climbed 308 points to 50,059.

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Markets Should Trust The RBI, Says Shaktikanta Das

The Reserve Bank of India's assurances that it will ensure ample liquidity have failed to calm investors' nerves over the larger than expected 12.06 trillion rupees borrowing requirement, and the...

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Heranba Industries IPO Subscribed 1.5 Times On Day 2

Heranba Industries IPO Day 2: Investors who wish to subscribe to the issue can bid in a lot of 23 equity shares and multiples thereafter

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NSE Cancels All Open Orders After Technical Glitch

Trading was halted at 11:40 am on the NSE due to a technical glitch as the live price quotes of Nifty and Bank Nifty indexes stopped updating around 10:00 am.

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Rupee Goes Up 14 Paise To 72.32 Against US Dollar In Early Trade

Rupee Vs Dollar: Forex traders said the Fed Chairman Jerome Powell's dovish statement on the US economy boosted investor sentiment

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Maruti Suzuki Launches All-New Swift 2021; Shares Trade Marginally Higher

The new Swift comes with features like cruise control, idle start and stop and key synchronized auto foldable outside rear-view mirrors.

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Coal India Gains Over 4% On Dividend Announcement Plans

Coal India announced on Tuesday that a board of directors meeting scheduled on March 05, 2021 will consider a second interim dividend for financial year 2,021

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Rupee Vs Dollar: Rupee Starts On Muted Note In Early Trade

Rupee Vs Dollar: Federal Reserve Chair Jerome Powell said in his testimony to US Congress that the American economy is a long way from its employment and inflation goals and that it will likely take...

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NTPC Edges Higher On Inking Pact To Buy GAIL's Stake In Ratnagiri Gas

NTPC has signed a share purchase agreement to buy GAIL's 25.51 per cent stake in Ratnagiri Gas and Power, commonly known as Dabhol project

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Nifty, Bank Nifty Live Prices Not Updating Across Brokerages

Live price quotes of spot Nifty and Bank Nifty indexes were not updating on the National Stock Exchange.

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Bond Traders Hamper Government's Efforts To Pull Economy From Recession

The yield on 10-year government debt has jumped about 27 basis points to 6.17 per cent since the government unveiled a Rs 35 trillion spending plan on February 1

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Sensex, Nifty Edge Higher; Metal Stocks Shine For Third Session In A Row

Reliance Industries, HDFC Bank, Axis Bank, Bajaj Finance, State Bank of India, Larsen & Toubro and ICICI Bank were among the top movers in the Sensex

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Sensex, Nifty Set To Open Higher; Metal Stocks In Focus

Tata Consumer Products will be in focus as the company will replace GAIL India from March 31 in the Nifty 50 basket of shares.

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Stocks To Watch: NTPC, Coal India

NTPC has signed a share purchase agreement to buy GAIL's 25.51 per cent stake in Ratnagiri Gas and Power, commonly known as Dabhol project

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Petrol, Diesel Prices Unchanged On Wednesday

In Delhi, the price of petrol was steady at Rs 90.93 per litre and diesel was unchanged at Rs 81.32 per litre, according to Indian Oil Corporation

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Heranba Industries IPO Subscribed Over 84% On Day 1

Investors who wish to subscribe to Heranba Industries IPO can bid in a lot of 23 equity shares and multiples thereafter

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Indian Pharma Firms Go Local Seeking To End Reliance On China

Indian Pharma Firms: Although India is known as the pharmacy of the world for its massive production capacities of both generic drugs and vaccines, China accounted for half of its API needs in 2019...

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Bullet Train: Rs 1,390 Crore Contract Signed With L&T For Steel Bridges Work

Mumbai Ahmedabad Bullet Train Project: The National High-Speed Rail Corporation Limited signed a contract agreement with L&T for procurement and fabrication of 28 steel bridges

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Rupee Gains Marginally Higher To 72.46 Against Dollar Amid Muted Domestic Equities

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 72.36 against the dollar and registered an intra-day high of 72.31.

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Sensex, Nifty Snap Five-Day Losing Streak; Metals Outperform

Metal stocks outperformed the benchmarks for second straight session riding on surge in copper prices in international markets.

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Heranba IPO Subscribed 39% In First Two Hours Of Bidding

Heranba IPO: Emkay Global Financial Services and Batlivala & Karani Securities are the book running lead managers to the public issue of Heranba Industries

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Larsen & Toubro Gains After Construction Arm Wins Order For Solar Projects

On Tuesday, shares of Larsen and Toubro opened the trading session at Rs 1,452, touching an intraday high of Rs 1,498.10.

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United's Boeing 777 Engine Damage Consistent With Metal Fatigue: NTSB

Air India is the only carrier which has Boeing 777s in its fleet but none of such planes have P&W 4000-112 engines

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Sensex, Nifty Off Day's High; Oil Marketing Stocks Witness Buying

The BSE Sensex, which had soared as much as 583 points to touch an intraday high of 50,327.31, has surrendered more than 500 points from intra-day highs

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Bharti Airtel, Qualcomm Tie Up To Provide 5G Services In India

Telecom operator Bharti Airtel said on Tuesday it will collaborate with US chipmaker Qualcomm to roll out 5G services in India.

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Rupee Rises 16 Paise To 72.33 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.36 against the US dollar and inched higher to 72.33 against the greenback

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Mahindra Electric Vehicles To Power Amazon India Deliveries

Mahindra Electric's "Treo Zor", a three-wheeler vehicle powered by a lithium-ion battery, has been deployed in major metro cities like Bengaluru, New Delhi and Hyderabad

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Page Industries Rises Nearly 5% After Appointing V S Ganesh As CEO

Shares of Page Industries, maker of popular innerwear brand Jockey, rose as much as 4.61 per cent to hit an intraday high of Rs 28,831.35 on the BSE

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Sensex Zooms Over 500 Points Boosted by Gains In Reliance, Infosys

Reliance Industries was top mover in the benchmarks, the stock advanced over 2 per cent to hit an intraday high of Rs 2,050

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PVR, Inox Leisure Fall For Second Straight Session On Lockdown Fears

In the last two trading sessions, PVR has declined 8 per cent and Inox Leisure has fallen 9 per cent on fears of imposition of lockdown

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Reliance Industries Gains Over 1% On Finalising Demerger

Reliance Industries expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year

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Sensex, Nifty Edge Higher Led By Gains In Reliance Industries, ICICI Bank

The Sensex rose over 350 points and Nifty 50 index moved above its important psychological level of 14,750.

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Heranba Industries' Rs 625 Crore IPO Opens For Bidding Today

Heranba Industries IPO comprises a fresh issue of Rs 60 crore and an offer for sale of Rs 565.2 crore; the retail investors can bid for a minimum one lot of 23 shares and in multiples thereof,...

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Sensex, Nifty Set To Open Higher; Reliance, Bharat Forge In Focus

Bharat Forge will be in focus as the company signed an agreement with Paramount Group to manufacture armoured vehicles in India.

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India's Inflation Target May Need To Be Refined: Chief Economic Adviser

The current monetary policy framework, signed by Prime Minister Narendra Modi's government with the Reserve Bank of India in 2015, expires next month

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Stocks To Watch: Reliance Industries, Bharat Forge, Zuari Agro Chemicals

Reliance Industries expects to get the necessary approvals to hive off its oil-to-chemicals (O2C) business into a separate unit by the second quarter of the next fiscal year

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Reliance Expects Approvals To Hive Off Oil-To-Chemicals Unit By Q2

Reliance, owned by billionaire Mukesh Ambani, will retain full control of the business post-restructuring, the company said in the presentation.

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Petrol, Diesel Prices Touch Record Highs After 2-Day Pause

In Delhi, the price of petrol was hiked by 35 paise to Rs 90.93 per litre and diesel was increased by an equal amount to Rs 81.32 per litre, according to Indian Oil Corporation

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Bharat Forge, Paramount To Produce Armoured Vehicles In India

Bharat Forge-Paramount Deal: An agreement was signed by both companies during the International Defence Expo in Abu Dhabi

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Moderate Inflation Provides Room To Support Growth: MPC Minutes

The Reserve Bank of India kept rates steady at record low levels this month and said it would maintain support for recovery from the coronavirus by ensuring ample liquidity.

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Rupee Up 16 Paise To Close At 72.49 Against US Dollar

Rupee Vs Dollar: At the interbank forex market, the local currency opened at 72.58 against the greenback and witnessed an intra-day high of 72.29 and a low of 72.58

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SBI Offers 5.4% Interest On FD Of 5 Years And Above. Check Latest Rates Here

SBI's fixed deposits start from tenor of 7 days and go up to 10 years and any individual can open fixed deposit account with State Bank of India for minimum deposit of Rs 1,000.

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Air India To Be Unaffected As Boeing Asks Airlines To Ground 777s

Boeing recommends airlines suspend use of some 777s after United Airlines incident

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Sensex Crashes 1,145 Points, Nifty Ends Below 14,700

All the 11 sector gauges barring the index of metal shares ended lower led by the Nifty Media index's over 3 per cent fall.

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Bond Yields Surge, Market Expects More RBI Intervention

The benchmark 5-year bond yield was trading at 5.77, after rising to 5.82 per cent, its highest since April 16.

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Thomas Cook India To Raise Rs 450 Crore Through Preferential Issue

The company's board of directors has approved the issuance of up to 45 crore OCCRPs of the face value of 10 each to promoter Fairbridge Capital Mauritius Ltd through private placement on a...

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Sensex Drops Over 1,100 Points, Nifty Below 14,750 Dragged By Reliance

The Sensex fell as much as 1,165 points and Nifty 50 index touched an intraday low of 14,667.

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Rupee Gains 11 Paise To 72.54 Against US Dollar In Early Trade

Rupee Vs Dollar: Traders said investors could await the release of RBI Monetary Policy Committee's February meeting minutes on Monday for further cues

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Copper Producers Rally On Surge In Copper Prices Internationally

Shares of copper producers Hindustan Copper, Hindalco and Hindustan Zinc rose up to 18 per cent in an otherwise weak market session.

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Supreme Court Bars Future Group's Reliance Deal On Amazon Appeal

Future-RIL deal: A deal could reshape India's pandemic-hit shopping sector and decide if Amazon can blunt Reliance's dominance of retail

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Torrent Power Surges On Emerging As Highest Bidder For Power Company

Torrent Power shares rose as much as 5.66% to hit record high of Rs 385.45 after it has emerged as highest bidder for privatisation of a power distribution company in Dadra & Nagar Haveli

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Jubilant FoodWorks Touches 52-Week High On Fides Acquisition

Jubilant FoodWorks will fully acquire Netherlands-based Fides Food Systems Cooperatief U.A. through its wholly-owned subsidiary-Jubilant Foodworks Netherlands B.V.

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Sensex Loses Over 100 Points, Nifty Hovers At 14,900

Asian markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities

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Stocks To Watch: Adani Ports, Jubilant FoodWorks, NTPC

Adani Ports has incorporated wholly-owned subsidiary Aqua Desiltingto carry out business of dredging, desiltation and sale / disposal of such desilted material from sea, river, dams and other water...

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Rupee Bounces From Asia's Weakest Currency On Massive Stock Inflows

A recovering economy and an expansive budget are luring global funds to India's equities, with investors buying almost $4 billion of stocks this month, the most in Asia's emerging markets after China

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No Change In Petrol, Diesel Prices On Monday

In Delhi, the price of petrol was constant at Rs 90.58 per litre and diesel was untouched at Rs 80.97 per litre, according to Indian Oil Corporation

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Sensex, Nifty Set To Have A Positive Opening

Asian share markets inched higher on Monday as expectations for faster economic growth and inflation globally batter bonds and boost commodities

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How To Check Share Allotment Status Of Nureca IPO

Nureca IPO: The public issue was subscribed 166.58 times in the retail category, 3.10 times in qualified institutional buyers segment and 31.59 times in non-institutional investors category

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RailTel Corporation IPO: How To Check Share Allocation

RailTel Corporation IPO: The initial public offer was an offer for sale of 8,71,53,369 equity shares by the government, out of which five lakh equity shares were reserved for the employees

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Heranba Industries' Rs 625 Crore IPO To Open For Bidding On Tuesday

Heranba Industries, the Gujarat-based crop protection chemical manufacturer's share offering will be open for three days from February 23 to February 25, 2021

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Cairn Hopeful Of Solution In $1.2 Billion-Plus Tax Dispute With Centre

In December, an arbitration body awarded the British firm damages of $1.2 billion plus interest and costs, after ruling India had breached its obligations to Cairn under the U.K.-India Bilateral...

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Centre Released Rs 1 Lakh Crore GST Compensation Shortfall Since October

This week, the amount was borrowed at an interest rate of 5.5924 per cent. So far, an amount of Rs. 1,00,000 crore has been borrowed by the government through the special borrowing window at an...

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Bitcoin Market Cap Hits $1 Trillion, Soars To Record High Of $57,000

Cryptocurrency bitcoin hit a market capitalization of $1 trillion as it surged to achieve yet another record high of $56,399.99 on Friday, February 19, continuing its bull stint fuelled by gaining...

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GST Council Should Consider Rationalisation Of Slabs: Finance Minister

"The Centre and states both generate revenue from petrol. We can think about bringing petroleum under the GST. Maybe it is a solution,'' said Finance Minister Nirmala Sitharaman

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Petrol, Diesel Prices At All-Time Highs, Petrol Touches Rs 97 Mark In Mumbai

In Delhi, the price of petrol was hiked by 39 paise from Rs 90.19to Rs 90.58 per litre, and diesel was increased by 37 paise from Rs 80.60per litre to Rs 80.97 per litre

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RBI Puts Rs 1,000 Withdrawl Cap On Deccan Urban Co-perative Bank

The Reserve Bank has barred Deccan Urban Co-operative Bank from granting new loans or accepting deposits and customers cannot withdraw more than Rs 1,000 from their accounts for six months.

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Unleash 'Animal Spirits' To Make India Fastest Growing Economy: Finance Minister

The expression animal spirits'' was coined by celebrated economist John Maynard Keynes to refer to investors'' confidence in taking action in terms of investment.

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Pugalur-Thrissur Power Project Inaugurated Today: All You Need To Know

Kerala will be able to utilize 1,000 MW and draw remaining 1,000 MW after strengthening the system for which the work is going on.

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Fiscal Deficit Of States To Moderate To 4.3% Of GDP In Next Financial Year

The agency estimates the nominal GDP to grow 14.5 per cent in the next fiscal

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GDP To Bounce Back To 10.4% Next Fiscal Year By Base Effect: Rating Agency

Although the recovery in the next fiscal on a year-on-year basis will be V-shaped, the size of the GDP will barely surpass the level attained in the financial year 2019-20

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Top Courts Directs RBI To Finalise Regulations For Locker Management In Banks

The top court said people are hesitant to keep their liquid assets at home as "we are steadily moving towards a cashless economy."

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How To Make The Most Of Section 80C Deductions To Save Income Tax

Income tax experts emphasise on the importance of income tax benefits available under Section 80C, often considered one of the most popular ways to save money among salaried individuals

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Bullet Train Project: Bids Open For Construction Of Sabarmati Maintenance Depot

Mumbai Ahmedabad Bullet Train Project:

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Dr Reddy's Starts Process For Emergency Use Authorisation Of Sputnik V

Dr Reddy's will present the safety profile of phase two study and interim data of phase three study which is expected to completed by February 21

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Heranba Industries IPO To Open On Tuesday. Here Is All You Need To Know

Heranba Industries IPO comprises of offer for sale of Rs 565.2 crore and fresh issue of Rs 60 crore.

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Malls Arm Of IKEA Plans First India Site In Noida

Ingka Centres is owned by Ingka Group that also owns most IKEA stores worldwide

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Sensex, Nifty Decline For Fourth Day In A Row Dragged By Banks

All the 11 sector gauges compiled by the National Stock Exchange ended lower led by Nifty PSU Bank index's nearly 5 per cent decline

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Oil India Led Consortium To Bid For BPCL's Stake In Numaligarh Refinery

The exact percentage of the stake of Oil India and Engineers Indiawill depend on the extent of the right of first offer to be exercised by the Assam government

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Sensex Crashes Over 600 Points, Nifty Below 15,000

Selling pressure was broad-based as all the 11 sector gauges compiled by the National Stock Exchange were trading lower

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DLF Cyber City Developers Acquires 51.8% Stake In Fairleaf For Rs 780 Cr

DCCDL had entered into a securities purchase agreement with funds managed by Hines, a global real estate investment, development and management firm, to acquire stake in Fairleaf

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State-Run Insurers Rally For Second Session On Privatisation Report

State-run insurers - New India Assurance and General Insurance Corporation of India, hit the 20 per cent upper circuit on privatization reports.

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Tejas Networks Rallies Over 30% In Three Sessions. Here Is Why

Tejas Networks shares rose by daily maximum limit of 10 per cent for third session in a row on Friday

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Ambuja Cements' Net Profit Grows 34% To Rs 968 Crore In December Quarter

Ambuja Cements Q4 Results: Total operating cost per tonne declined 2 per cent supported by operational efficiency programmes in the plants as well as logistics efficiencies

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IDFC First Bank Gains After Board Approves Rs 3,000 Crore Fund Raising Plan

IDFC First Bank shares have surged more than three times from low of Rs 18 since the Covid-19 lockdown was announced in March last year.

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Sensex Falls Over 250 Points, Nifty Below 15,100 Dragged By Private Banks

Selling pressure was visible across the sectors as eight of 11 sector gauges compiled by the National Stock Exchange were trading lower

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Sensex, Nifty Set To Open Lower On Weak Global Markets

MSCI's broadest index of Asia Pacific shares outside of Japan was last down 0.1 per cent at 733.67 from a record high of 745.89 touched on Thursday.

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Petrol, Diesel Prices At New Highs; Petrol Above Rs 90/Litre In Delhi

In Delhi, the price of petrol was hiked by 31 paise from Rs 89.88 per litre to Rs 90.19 per litre, and diesel was increased by33 paise from Rs 80.27 per litre to Rs 80.60 per litre

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Supreme Court Asks Lenders To Place Loan Records Of Former Ranbaxy Promoters

The apex court on November 15, 2019 had held former Ranbaxy promoters guilty of contempt of court for violating its order asking them not to divest their shares in FHL.

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Gold Prices Today: Yellow Metal Recovers To Rs 46,400 Level; Should You Buy?

Gold Price In India Today: Domestic spot gold closed at Rs 46,439per 10 grams on Thursday, and silver at Rs 68,700 per kilogram - both rates excluding GST

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GDP To Expand By 0.08% In December Quarter, Growth Pegged At 8.5%: Barclays

The Reserve Bank of India has projected a 10.5 per cent GDP growth in the financial year 2021-22.

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L&T Finance Holdings Rights Issue Oversubscribed 15%

The allotment of equity shares will be on February 23, and such equity shares shall be listed on the bourses on February 26

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L&T Construction To Build 2 Units Of Kudankulam Nuclear Power Project

L&T did not provide the value of the contracts but said the orders fall under the 'significant' category, which ranges between Rs 1,000 crore and Rs 2,500 crore

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Inflation Target Band Of 2%-6% Up For Review: Finance Minister

The band, on the basis of which monetary policy is decided by a six-member committee headed by the central bank governor, was established in 2016.

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RailTel IPO Subscribed 42 Times, Retail Portion Booked 17 Times

RailTel IPO Subscription: RailTel Corporation's public issue subscribed 16.78 times in the retail category, 65.14 times in the qualified institutional buyer segment and 73.25 times in the...

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Apple Lobbies For India Incentives As It Plans iPad Assembly: Report

Apple, which has steadily raised production of iPhones in India to lessen its dependence on Chinese manufacturing, took part in that scheme via its contract manufacturers.

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Paring Initial Losses, Rupee Gains To 72.65 Against Dollar

Rupee Vs Dollar Today: At the interbank foreign exchange market, the local unit opened lower at 72.76 tracking sell off in domestic equities and touched an intraday high of72.65

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Sensex Sheds Nearly 400 Points, Dragged By Private Banks, Autos

The benchmark indices shed more than half a per cent for the second consecutive day, amid a volatile trading session, dragged by selling pressure in private sector banking and auto shares

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Jaguar Land Rover To Cut 2,000 Jobs Globally On Plans To Make E-Vehicles

Jaguar Land Rover: Tata Motors said it was concerned by semiconductor shortages and Brexit-related supply disruptions as its luxury car sales recover

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Reserve Bank of India Approved DHFL Takeover: Piramal Group

"RBI has approved the DHFL resolution plan from Piramal Capital and Housing Finance, submitted by the committee of creditors," the Piramal Group said in a statement.

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Dollar Rallies On US Recovery Hopes, Bitcoin Near Record $52,640

Bitcoin traded just shy of the new record high of $52,640 reached overnight, with its roughly 58 per cent surge this month prompting some analysts to warn that the rally might be unsustainable

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Indian Overseas Bank Up Over 50% For Third Straight Session

Indian Overseas Bank is quoting at Rs 18.80, up 19.75 per cent on the day on the NSE rallying for the third straight session as the government has reportedly shortlisted four banks for privatisation

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Sensex Falls Over 400 Points, Nifty Near 15,100 Dragged By Private Banks

State-run banking shares rallied for third day in a row paced by gains in Indian Overseas Bank's 20 per cent gain

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Rupee Opens Flat Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the domestic currency opened at 72.76 against the US dollar, then inched lower to 72.77

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GAIL Share Buyback Offer To Open On February 25

GAIL India will buy back shares from all existing shareholders and beneficial owners as on record date -- which is January 28 -- on a proportionate basis

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Gas Stocks Rally After PM Modi's Assurance To Bring Natural Gas Under GST

PM Modi said the government will be spending Rs 7.5 lakh crore over 5 years to build its oil and gas infrastructure.

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Bharti Airtel Trades Flat After Buying Back Stake From Warburg Pincus

Bharti Airtel will issue around 3.647 crore shares at a price of Rs 600 per share, with Rs 1,037.8 crore paid in cash; valuing the DTH arm at around Rs 15,630 crore

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Sensex, Nifty Open Flat; Reliance Industries, SBI Outperform

Six of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Private Bank index's 0.6 per cent fall

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Sensex, Nifty Set To Open Higher As Indicated By SGX Nifty

Indian equity benchmarks are set to open higher in trade on Thursday as indicated by the Nifty futures traded on Singapore Exchange

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Petrol, Diesel Prices At New Highs; Petrol Nears Rs 90 In Delhi

In Delhi, the price of petrol was hiked by 34 paise to Rs 89.88 per litre and dieselwas increased by 32 paise to Rs 80.27 per litre, according to Indian Oil Corporation

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Stocks To Watch: Bharti Airtel, Phillips Carbon Black, GAIL India

Bharti Airtel will acquire 20 per cent stake in its DTH arm Bharti Telemedia from an affiliate of Warburg Pincus for about Rs 3,126 crore

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Gold Prices Today: Yellow Metal Trades Below Rs 46,500, Silver Rates Drop

Gold Price In India Today: Falling for the fifth straight day, gold rates plunged Rs 717 to Rs 46,102 per 10 gm in the national capital, amid a decline in global precious metal prices

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After Bitcoin Crosses $50,000, What's The Status Of Cryptocurrencies In India?

''Depriving the country of the technology and opportunity which is being created by crypto is not very different from depriving someone of the internet,'' say experts on crypto ban in India

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Schaeffler India Q4 PAT Rises 67% At Rs 142 Crore

Schaeffler India Q4 Earnings: The company said it also benefited from fine-tuned inventory policies that reduced funds locked up in working capital cycle

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Amazon Deployed Secret Strategy To Dodge Indian Regulators: Report

With Amazon facing increasing scrutiny by regulators, news of the strategy detailed in the documents could deepen the risks for the company in one of its key growth markets.

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Nureca's IPO Subscribed 40 Times, Retail Portion Booked 167 Times

The public issue was subscribed 166.58 times in the retail category, 3.10 times in qualified institutional buyers segment and 31.59 times in the non-institutional investors category

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Telecom Equipment Makers Rally After Cabinet Approves PLI Scheme

The Union Cabinet approved Rs 12,195 crore production linked incentive (PLI) scheme for the telecom and networking products.

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Reining In High Fiscal Deficits Key For Investment-grade Rating: S&P

S&P currently has India at -BBB-,- its lowest investment-grade rating, with a stable outlook

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Rupee Slips To 72.74 Against Dollar Amid Muted Domestic Equities

Rupee Vs Dollar: At the interbank foreign exchange market, the domestic unit opened at 72.90 against the dollar and registered an intra-day high of 72.72

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Bitcoin Stays Above $50,000 As MicroStrategy Seeks $600 Million To Raise Stakes

Bitcoin Vs Dollar: After smashing the historic $50,000 mark, cryptocurrency bitcoin stayed above the milestone and was last up 4.59 per cent at $50,549.6 against the US dollar

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Sensex Ends 400 Points Lower Dragged By Losses In HDFC Bank, Kotak Bank

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Pharma index's nearly 2 per cent fall.

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Cabinet Approves Rs 12000 Crore Production-Linked Incentive Scheme For Telecom Sector

The scheme is aimed at offsetting the huge import of telecom equipment worth more than Rs 50,000 crore and reinforce it with "Made in India" products both for domestic markets and exports, Telecom...

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ICICI Lombard Partners With Flipkart To Offer 'Hospicash' Benefit

With daily cash benefits starting from Rs 500,' Hospicash' benefit under Group SafeGuard insurance will provide cover to Flipkart consumers

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Select State-Run Banks Soar For Second Straight Day On Privatisation Buzz

Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra shares rallied as much as 20 per cent for the second day on reports that the government has shortlisted the four...

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Here's Why WeWork Is The Best Choice For Your Next Workspace!

WeWork has 14 designed terraces across 6 key cities with all basic amenities that allows its members to work outdoors for longer hours.

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Rupee Slips 23 Paise To 72.92 Against US Dollar In Early Trade

Rupee Vs Dollar: The domestic currency is likely to strengthen 1.3 per cent and average 73.5 against the US dollar in the financial year 2022-23

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Nestle India Shares Fall After December Quarter Earnings

Nestle India's revenue from sale of products rose 9 per cent to Rs 3,417.52 crore compared with Rs 3,130.74 crore in the year ago period.

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Infosys' US Subsidiary Buys Underwriting Platform; Stock Edges Lower

"The powerful rule-driven new business and automated underwriting platform from STEP will help Infosys McCamish in enhancing its industry-leading VPAS policy administration platform," Infosys said

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Adani Ports Gains Over 3% On Completing Dighi Port Acquisition

Adani Ports will invest more than Rs 10,000 crore in developing Dighi Port as an alternate gateway to JNPT, the company said in a regulatory filing to the stock exchanges

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Sensex Falls Over 300 Points Weighed Down By Banking, IT Shares

Eight of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's over 1 per cent decline

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Bitcoin Tops $50,000 As It Wins More Mainstream Acceptance

Bitcoin has risen around 67 per cent so far this year, with most of the gains coming after electric carmaker Tesla said it had bought $1.5 billion in bitcoin

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Sensex, Nifty Set For A Weak Start; Bharti Airtel In Focus

Overnight, the Dow Jones Industrial Average notched a record closing high, joining a global march propelling stock indexes to record highs on Tuesday

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Stocks To Watch: Bharti AIrtel, Adani Ports, Infosys

Bharti Airtel's Board of Directors is scheduled to meet today i.e. February 17, 2021 to discuss future strategic plans and reorganization of shareholding framework of subsidiary companies

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Petrol, Diesel Prices Touch New Highs; Petrol At Rs 96 In Mumbai

In Delhi, the price of petrol was hiked by 25 paise to Rs 89.54 per litre and diesel was increased by an equal amount to Rs 79.95 per litre, according to Indian Oil Corporation

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Capex Utilisation in Indian Railways' Dedicated Freight Corridor Project Up 21%

In first 10 months of financial year 2020-2021, capital expenditure of Rs 8201 Cr has been registered as compared to Rs 6783 crore for last year

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Ascendas India Trust To Buy IT-SEZ Building For Rs 506 crore

The agreements were executed with the shareholders of the Phoenix IT Infrastructure India Private Limited to acquire an IT SEZ building with a total floor area of 639,495 square feet approximately.

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To Make India Pay $1.2 Billion Award, Cairn Files Case In US

Cairn asked the US court to recognise and confirm the award, including payments due since 2014 and interest compounded semi-annually

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AstraZeneca Shares Up 4% On Emergency Use Approval Of Covid-19 Vaccine

WHO's move widens access to the relatively inexpensive shot in the developing world

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Bitcoin Shoots Above $50,000 For First Time Ever, Gains Further Acceptance

Bitcoin Vs Dollar: Achieving a historic milestone, cryptocurrency bitcoin hit an all-time high record, breaching the $50,000 mark on Tuesday, February 16, continuing its broader bull run after Elon...

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Tata Communications Shares Up 6% On Tie-Up With Google Cloud

As part of this partnership, Tata Communications and Google Cloud India will enable organisations to deploy and access Google Cloud services through Tata Communications IZO Managed Cloud

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Rupee Settles On A Flat Note To 72.69 Against Dollar After Early Gains

Rupee Vs Dollar Today: At the interbank foreign exchange market, the domestic unit opened at 72.64 against the dollar and registered an intra-day high of 72.63

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Cooking Gas Gets Costlier As LPG Cylinder Price Up Rs 50 In Delhi: Report

LPG Gas Cylinder Price: Non-subsidised LPG rates were hiked by ₹ 50 in Delhi and the changes were implemented with effect from February 15 reported news agency ANI

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Sensex, Nifty End Volatile Session On Flat Note; Metals Outperform

The benchmarks opened higher wherein the Sensex rose as much as 363 points to hit record high of 52,516.76

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Future Group Creditors Rush To Recover $2.5 Billion Loans

Future's top financial creditors include India's largest lender State Bank of India, along with smaller rivals Bank of Baroda and Bank of India

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Amazon To Start Making TV Streaming Device In India

The move marks Amazon's first foray into making its devices in India, which is working to boost local electronics manufacturing.

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Tribunal Blocks SEBI's Order On Kishore Biyani, Says Future Group

The regulator had said Mr Biyani and his brother Anil had traded in shares of their Future Retail firm through a group company on the basis of unpublished price-sensitive information.

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Sensex Falls Over 450 Points From Day's High, Nifty Near 15,300

Seven of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty IT index's over 1 per cent decline

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ONGC Rallies On Hopes Of Higher Gas Production from Krishna Godavari Basin

Shares of state-run oil exploration company - ONGC - on Tuesday rose as much as 6 per cent to hit an intraday high of Rs 104.25

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Rupee Up 5 Paise To 72.63 Against US Dollar In Early Trade

Rupee Vs Dollar: FIIs were net buyers in the capital market as they purchased shares worth Rs 1,234.15 crore on Monday, according to exchange data

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Select State-Run Lenders Rally On Report Of Potential Privatisation

Shares of Indian Overseas Bank, Bank of India, Central Bank of India and Bank of Maharashtra rallied as much as 20 per cent

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Rupee Sees Buying Interest As Hopes For Recovery Brighten

Rupee Vs Dollar: The rupee is likely to strengthen 1.3 per cent and average 73.5 against the US dollar in the financial year 2022-23 compared with an average level of 74.4 in the financial year...

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RailTel Corporation's IPO Opens For Bidding. Here Are Things To Know

The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for the employees

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Sensex Gains More Than 200 Points, Nifty Above 15,400

Global shares held firm on Tuesday as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets

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Stocks To Watch:Wipro,Tech Mahindra, Jet Airways,

Wipro has announced a five-year strategic partnership with Telefonica Germany/O2; Wipro will work with Telefonica Germany/O2 and its wider ecosystem to transform its business support systems and...

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Sensex, Nifty Likely To Have A Subdued Opening

Global shares held firm on Tuesday as optimism about the global economic recovery and expectations of low interest rates drive investments into riskier assets

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Petrol, Diesel Prices Touch New All-Time Highs; Petrol Crosses Rs 89 Mark In Delhi

In Delhi, the price of petrol was hiked by 30 paise to Rs 89.29 per litre and diesel was increased by 35 paise to Rs 79.70 per litre, according to Indian Oil Corporation

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ONGC Envisages Peak Gas Output From East Coast Block In 2024

ONGC will ramp up production from its KG basin block to about 3-3.5 mmscmd from May, which will be further raised to 8.5 mmscmd in 2022/23 before hitting peak rate in 2024

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Nureca IPO Oversubscribed On First Day Of Issue

Nureca saw huge demand of its shares as it received over 80 lakh bids for 14 lakh shares on the offer

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JLR Cars To Be All-Electric By 2030; Jaguar Fully Electric By 2025

JLR said it aims to achieve net zero-carbon emissions across its supply chain, products and operations by 2039

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India's Exports Rise 6% In January; April-January Deficit At $1.87 Billion

Exports during April-January this fiscal dipped by 13.58 per cent to $228.25 billion, while imports declined by 25.92 per cent to $300.26 billion.

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Rupee Rises 7 Paise To Close At 72.68 Against US Dollar

Rupee Vs Dollar: At the interbank forex market, the local currency opened at 72.61 against the greenback and witnessed an intra-day high of 72.57 and a low of 72.69

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4 Mid-Sized Government Banks Shortlisted For Privatisation: Report

The government is considering mid-sized to small banks for its first round of privatisation to test the waters.

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Sensex Rallies 610 Points, Nifty Settles Above 15,300 For First Time

Strong corporate earnings have ignited hopes of faster economic recovery while buoyant global markets also aided risk sentiment

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Vodafone Idea Falls After December Quarter Earnings

Vodafone Idea's operating profit or earnings before interest, taxes, depreciation and amortization (EBITDA) for the quarter came in at Rs 4,290 crore

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ONGC Gains Over 1% Despite Decline In December Quarter Net Profit

ONGC's quarterly performance was impacted by crude oil and natural gas prices due to the COVID-19 pandemic, as well as volatile global crude oil and natural gas markets

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Nissan Claims No Talks With Apple On Autonomous Car Project

Nissan says it is always open to exploring collaborations and partnerships to accelerate industry transformation

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Wholesale Inflation Quickens To 2.03% In January From 1.22% In December

The index of fuel & power group increased by 5.84 per cent and manufactured products index increased by 1.54 per cent.

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Rupee Goes Up 14 Paise To 72.61 Against US Dollar In Early Trade

Rupee Vs Dollar: At the interbank forex market, the local unit opened at 72.61 against the US dollar, registering a rise of 14 paise over its previous close

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GMR Infrastructure Falls After Loss Widens In December Quarter

GMR Infra's Delhi Airport's traffic improved from 4.10 million to 7.55 million sequentially and on an annual basis, traffic declined 60 per cent

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Tesla To Set Up Electric Car Manufacturing Unit In Karnataka

Billionaire Elon Musk's Tesla Inc will set up an electric-car manufacturing unit in Karnataka, according to a government document

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Nureca IPO Opens For Bidding. Here Are Key Things To Know

A total of up to 75 per cent of the issue will be reserved for qualified institutional buyers, up to 10 per cent for retail investors and the rest 15 per cent for the non-institutional category

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Why Oil Companies Are Eyeing Spot Crude From Africa, North America

Spot crude imports into the world's third-largest oil market will rise by 10 per cent to 15 per cent this year from 2020, according to industry consultant Facts Global Energy

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Sensex Gains Over 500 Points To Touch 52,000, Nifty Above 15,250

Asian shares advanced to record highs on Monday as successful coronavirus vaccine rollouts globally raise hopes of a rapid economic recovery

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Petrol, Diesel Prices Touch New Highs; Petrol Nears Rs 89 In Delhi

In Delhi, the price of petrol was hiked by 26 paise to Rs 88.99 per litre and diesel was increased by 29 paise to Rs 79.35 per litre, according to Indian Oil Corporation

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Sensex, Nifty Likely To Open Firm On Favourable Global Cues

Asian shares advanced to record highs on Monday as successful coronavirus vaccine roll-outs globally raise hopes of a rapid economic recovery amid new fiscal aid from Washington

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RailTel Corporation's Rs 820 Crore IPO To Open On Tuesday

RailTel Corporation IPO: The initial public offer is an offer for sale of 8,71,53,369 equity shares by the government, out of which 5 lakh equity shares will be reserved for employees

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Nureca IPO To Open Tomorrow

Nureca IPO: A total of up to 75 per cent of the issue will be reserved for qualified institutional buyers, up to 10 per cent for retail investors and the rest 15 per cent for non-institutional...

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Petrol, Diesel Prices Touch New Highs; Petrol Scales Rs 95 Mark In Mumbai

In Delhi, the price of petrol was hiked by 29 paise to Rs 88.73 per litre and diesel was increased by 32 paise to Rs 79.06 per litre, according to Indian Oil Corporation

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Unitholders Gave Consent To Windup Six Schemes Of Franklin Templeton

Franklin Templeton Mutual Fund had closed six debt mutual fund schemes on April 23 last year citing redemption pressure and lack of liquidity in the bond market.

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ONGC Net Profit Slumps 67% To Rs 1,378 Crore In December Quarter

ONGC Q3 Results: The standalone revenue from operations slipped 28 per cent in the third quarter toRs 17,023.80 crore, compared to Rs 23,710.05 crore in the year-ago period.

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Canada's Securities Regulator Clears Launch Of World's First Bitcoin ETF

The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement

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RBI Tightens Investment Rules For Shadow Banks To Stop Money Laundering

The move comes days after the central bank had proposed tighter, bank-like regulation of the so-called shadow lending sector to prevent the turmoil caused by the collapse of an infrastructure...

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