By Rohan Patil Nifty 50 continued its bearish trend last week and the sell-on-rise strategy was valid for the entire week. Prices drift for a second consecutive week with a fall of more than three and a half per cent. Nifty has fallen almost 15 per cent in the last six weeks from 18110 to […]
Sequoia Capital India, an arm of the Silicon Valley fund that backed Apple and Google, is looking for partial exits from some of its portfolio companies ahead of the gestation period. The venture capital firm is looking to “unlock” values in Indian companies such as CarDekho, Dailyhunt, Healthkart, Meesho, ixigo and Turtlemint, among others, as […]
Asian shares slipped on Monday as markets were forced to price in ever-loftier peaks for U.S. and European interest rates, slugging bonds globally and underpinning the dollar near multi-week highs. Investors are braced for more challenging U.S. data including the closely-watched ISM measures of manufacturing and services, the latter being especially important following January’s startling […]
The geopolitical risks of the ongoing war between Hamas forces and Israel’s army engulfing the region have escalated with attacks on shipping vessels since November 19 by Yemeni Houthi forces in the Red Sea, the route to and from the Suez Canal which is the quickest way for goods to transit between Asia and Europe. […]
No-frills airline SpiceJet on Friday reported a higher net profit of Rs 107 crore in the three months ended December 2022, helped by better performance in passenger and cargo businesses. The carrier had a net profit of Rs 23.28 crore in the year-ago period. In the third quarter of the current fiscal, the airline’s net […]
Domestic indices turned green on Wednesday cheering lower US CPI and India’s WPI inflation figures. The NSE Nifty 50 rose 93.10 pts or 0.55% to 17,136.40, BSE Sensex climbed 332.42 pts or 0.57% to 58,232.61 and Bank Nifty surged 307.05 pts or 0.78% to 39,718.45. The top gainers on Nifty 50 were Larsen & Toubro […]
Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Fuel prices continued to stagnate on Friday, 17 February 2023, keeping costs steady for about eight months now. In Delhi, petrol is priced at Rs 96.72, while diesel in the National Capital is retailing at Rs 89.62 per litre. In Mumbai, petrol is retailing at […]
Pune-based logistics company, Xpressbees, on Friday, announced it had raised $ 40 million in funding from Khazanah Nasional Berhad (Khazanah), the sovereign wealth fund of Malaysia. This investment will be made through a secondary purchase from an early investor in the company. Khazanah joins Blackstone Growth, TPG Growth, ChrysCapital, Alibaba Group, Elevation Capital, Investcorp, Norwest […]
Coronavirus latest news: The number of people getting infected from the new strain of Coronavirus has gone up across India. According to news agency ANI, the health ministry sources say that so far, India has registered 69 confirmed cases of JN.1 variant of Covid-19. Out of these, the maximum cases have been reported from Karnataka. […]
NSE Nifty 50 may hit a new record high in this new financial year, surpassing the previous all-time high of 18,604.45, says Sanjiv Bhasin, Director, IIFL Securities. In today’s session, Nifty 50 surpassed 18,100 level, first time after 19 January 2022. In the previous fiscal, the 50-share index offered 19 per cent returns to the […]
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