The India Meteorological Department took to X, formerly Twitter, at 7:06 am today to say that a fog layer is spreading over Punjab, Haryana, Delhi, Uttar Pradesh and north Madhya Pradesh. This comes after the agency had earlier the probability of dense to very dense fog over the regions. In a press release published on […]
The BSE on Tuesday reported an 18% decline in its net profit for the December quarter to Rs 47.8 crore, compared with Rs 58.5 crore for the corresponding period of the previous financial year. A press release issued by the bourse said that the board has given its approval to the divestment of the BSE’s […]
The government’s offer for sale (OFS) for Indian Railway Catering and Tourism Corporation (IRCTC) on Thursday received an overwhelming response from institutional investors, who put in bids worth Rs 3,775 crore, or 3.08 times of the portion earmarked for them. Also Read: Beware! Your personal data shared with IRCTC may no longer remain private soon […]
By Sameet Chavan The week started with a decent bump up which was then followed by yet another gap up on Tuesday to reach a new milestone of 18600. However, the high beta midcap counters (recent movers) started correcting fiercely, which dampened the overall sentiments in the market. The Nifty 50 index had a rub-off […]
Intro: Credit growth has exceeded deposit growth for some time now and banks cannot continue to rely on short-term borrowing and liquidity to meet the demand, believes Ashima Goyal, external Monetary Policy Committee member. She tells Piyush Shukla that the target is that inflation should not reach 4% but stay there. Excerpts: As you mentioned […]
Samsung has launched the Galaxy A15 and Galaxy A25 5G smartphones in India today, per schedule. The Galaxy A15 5G takes on the Realme C67 5G and Redmi 13C 5G with its Dimensity 6100 Plus chip and 50-megapixel primary camera, while the A25 5G is a more premium offering with Samsung’s Exynos 1280 at helm […]
New-age stocks have been falling for quite some time as overvaluation concerns overpowered growth exuberance in such new-age listed companies. Paytm share price is down 28% from its 52-week high, Zomato is down 44%, PB Fintech is down 39%, and Nykaa is down 54%. “Pricey Valuations coupled with lack of earnings visibility continue to plague […]
The rupee declined by 27 paise to close at 82.76 against the US dollar on Thursday after the US Federal Reserve’s interest rate hike and its hawkish stance dented investor sentiments. A massive sell-off in domestic equities and a strong greenback overseas also weighed on the local unit, forex traders said. It finally settled at […]
Leading bourse NSE on Thursday said it has received final approval from markets regulator Sebi to set up a Social Stock Exchange (SSE) as a separate segment on its platform. The final clearance was received on February 22, the National Stock Exchange (NSE) said in a statement. The Social Stock Exchange segment will provide new […]
State-run Indian Renewable Energy Development Agency (Ireda) is likely to come out with an initial public offering (IPO) in FY24. The listing will include offloading of a 10% stake by the government and issuance of a 15% fresh equity by the firm, a move that will help the renewable energy project financier to boost its […]
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