Business and financial news
Chandigarh/IBNS: The National Company Law Tribunal (NCLT), a quasi-judicial body in India that adjudicates issues relating to Indian companies, at Chandigarh has given its nod for a merger between two airline companies -- Air India and Vistara.
New York/IBNS: Oil prices plunged on Friday and posted a third straight weekly loss as investors weighed OPEC+ reassurances against the latest United States jobs data that lowered expectations that the Federal Reserve will cut interest rates soon, reports said.
Mumbai/IBNS: With a 64 percent surge in the last five days, the post-Lok Sabha election results uptrend in Heritage Foods shares is one of the significant stock-specific developments in the Indian stock market.
Mumbai/IBNS: The rate-sensitive Nifty Realty Index on Friday surged over 1.55 percent as the Reserve Bank of India (RBI) kept the repo rate and liquidity stance unchanged during the June 2024 monetary policy review.
Indian automobile major Tata Motors on Friday announced the launch of the Altroz Racer - the sporty avatar of the company’s premium hatchback.
Mumbai/IBNS: The Lok Sabha election 2024 results, which did not throw up a clear mandate for any party, are unlikely to have any bearing on the stance of the Monetary Policy Committee (MPC), as the MPC's decisions are based on domestic and global economic conditions, Moneycontrol reported citing experts.
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the key lending rate unchanged at 6.5% in its new monetary policy announced on Friday.
Washington/IBNS: Boeing on Wednesday successfully lifted off its new Starliner astronaut capsule from Florida in a much-delayed first test flight carrying a crew, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX.
Mumbai/IBNS: Shares of Telugu Desam Party (TDP)-linked stocks, including Heritage Foods Ltd and Amara Raja Energy & Mobility Ltd, on Thursday (June 6) extended their winning runs for the second straight day on Dalal Street, as the TDP leader N Chandrababu Naidu -- an NDA ally -- is seen playing a key role in the formation of next NDA 3.0 government at Centre.
New York/IBNS: A major political setback for Narendra Modi's BJP has business executives in the country furiously making calls, trying to better understand the impact on India’s economy and investment landscape following Modi’s failure to secure a supermajority for his BJP in the lower house of the Parliament.
With Prime Minister Narendra Modi-led National Democratic Alliance getting a smaller mandate in the recently concluded Lok Sabha elections, reforms that could have potentially facilitated aggressive fiscal consolidation might face obstruction, an analyst at Moody's Ratings said on Wednesday.
Kolkata/IBNS: Volvo Car India on Wednesday (June 5) announced that the company has crossed the milestone of delivering over 1,000 electric vehicles (EVs).
Mumbai/IBNS: Adani Enterprises, Adani Ports, Adani Energy Solutions and other Adani Group stocks declined up to 14 percent on Wednesday (June 5), extending their sharp fall from previous session after Lok Sabha election results were declared, reports said.
Mumbai/IBNS: Indian benchmark equity indices recovered on Wednesday (June 5) after posting their worst day in over four years in the previous session as Narendra Modi's BJP and its allies (NDA) secured lesser seats in the Lok Sabha election results declared on Tuesday (June 4).
New Delhi: In a show of faith in India's advancing position in global aviation, New Delhi is set to host the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) next year, media reported.
Mumbai: Indian government bond yields experienced a significant increase, particularly the 10-year benchmark bond yield, which recorded its biggest surge in eight months, reported Reuters.
Mumbai: As all eyes are set on the final results of Lok Sabha elections 2024, market strategists are working on investment plans for investors in the light of likely outcomes.
Mumbai: As trends in election results continue to defy exit poll predictions, the Indian share market fell sharply this morning, wiping out Rs 36 lakh crore in just three hours, showed real time data.
Mumbai: Adani Group stocks witnessed a massive drop of nearly 18 percent on Tuesday, taking a big hit after experiencing substantial gains in the last couple of trading sessions.
Mumbai/IBNS: Indian benchmark indices opened in the red on Tuesday (June 4) as the counting of votes for Lok Sabha election begins with showing BJP-led NDA in the lead in the early trend, reports said.
The Reserve Bank of India on Monday announced the government has received 97.82 per cent of Rs 2000 currency notes that were in circulation as on May 31, 2024.
Mumbai: Monday's trading session concluded with the benchmark equity indices recording gains. The NSE Nifty 50 surged by 733.20 points or 3.25% to settle at 23,263.90, while the BSE Sensex soared by 2507.47 points or 3.39% to 76,468.78.
New Delhi: India's manufacturing sector experienced a slowdown in May, reaching a three-month low, due to an intense heatwave that disrupted production volumes, resulting in a more moderate increase in new orders and output. Despite this, the sector continued to operate in expansionary territory during May, according to a survey.
Mumbai: State-run lender State Bank of India has become the seventh Indian listed company to surpass a market capitalization of Rs 8 lakh crore.
Mumbai: Markets rode a wave of optimism with both Nifty and Sensex rising over 3 percent around noon on June 3. The rally in the Indian markets kicked in after exit polls on June 1 predicted a decisive win for the NDA government, media reported.
Mumbai/IBNS: Traders and experts predict that overseas investors, known as Foreign Portfolio Investors (FPIs), will reduce their negative bets on the stock market on Monday (June 3) after the exit polls released on Saturday (June 2) indicated a strong performance by the Bharatiya Janata Party (BJP) in the national elections, reports said.
Mumbai: Investors saw their wealth swell by Rs 12.48 trillion during Monday morning's trading session as the benchmark equity index, Sensex, reached an all-time high, reported media.
Mumbai: Adani Group stocks continued their upward momentum for the second straight session on Monday, reflecting the bullish trend in Indian equities, following exit polls predicting the return of Narendra Modi as Prime Minister of India.
Ahmedabad/IBNS: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name 'Amul', on Sunday (June 2) hiked the prices of milk by Rs 2 per litre across all variants, reports said.
Mumbai/IBNS: The Indian stock market zoomed past by 2,000 points since the morning bell on Monday, in tune with the exit polls showing the return of the Modi government with a landslide victory in the Lok Sabha polls.
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