US stocks rallied hard in 2023 with the momentum set to end the year at a high. Some investors and traders on Wall Street are bracing for more stock gains ahead, marking the start of the ‘Santa Claus rally’ – a seasonal trend in which equities tend to rise in the first few days of […]
Domestic indices opened the week lower. The NSE Nifty 50 fell 210.20 pts or 1.23% to 16,889.85 and BSE Sensex tanked 698.46 pts or 1.20% to 57,291.44. Bank Nifty plunged 442.20 pts or 1.12% to 39,155.90. The top gainers on Nifty 50 were Dr Reddy, Divis Lab, Hindustan Unilever Ltd (HUL), Titan and BPCL while […]
Indian steel maker Tata Steel Ltd on Monday said it initiated trial for injecting hydrogen gas at its blast furnace in the company’s flagship plant, in a move to reduce metallurgical coke usage and cut carbon emissions. The company commenced the trial injection at the plant in the eastern city of Jamshedpur, using 40% of […]
By Nagaraj Shetti After showing an excellent upside recovery from the important support of 17000 mark, Nifty failed to continue with follow-through upmove on Wednesday and closed the day lower by 69 points. After opening on a positive note on Wednesday, the market moved up in the early part and formed a new swing high […]
The rupee fell by 65 paise to close at 82.73 (provisional) against the US currency on Monday, weighed down by gains in the greenback in the overtseas markets and a muted trend in domestic equities. Sustained foreign fund outflows and firm crude oil prices further dented investor sentiments, forex traders said. In the previous session […]
Shares of Nestle India Ltd on Thursday climbed nearly 2 per cent after the FMCG major reported a 65.50 per cent increase in net profit in the fourth quarter ended December 31, 2022. The stock gained 1.64 per cent to settle at Rs 19,562.05 apiece on the BSE. During the day, it climbed 2.87 per […]
Global index provider MSCI has sought feedback from its subscribers, including passive trackers and sell-side analysts, on the Adani Group and its associated securities amid the recent price volatility in its shares. The index provider said on Saturday it is aware of the reports recently published regarding the Adani Group and is closely monitoring publicly […]
Non-Banking Financial Companies (NBFCs) have started looking for potential buyers for their investment exposure in Alternative Investment Funds (AIFs) to meet the Reserve Bank of India’s (RBI) deadline. They are in ‘active talks’ with high networth individuals, foreign institutional investors and family offices to sell their AIF units. “NBFCs are in touch with us to […]
Existing investors in OYO will not take any exit — partial or full. In its earlier DRHP filed with Sebi, four large shareholders in the firm were going to make a partial exit. At that time, OYO was planning to issue fresh equity shares worth Rs 7,000 crore and raise another Rs 1,430 crore through […]
The commerce ministry has proposed revised election bye-laws for all export promotion councils (EPCs) including apex exporters’ body FIEO, under which a chairman will hold office for two years and will not be eligible for the immediate next election. The revised model articles of associations/bye-laws for EPCs and Federation of Indian Export Organisations (FIEO) are […]
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