Tata Motors, one of the country’s biggest automotive companies, will explore partial divestment of its stake in Tata Technologies through an initial public offering (IPO). This comes after the Tata group recently filed a confidential draft red herring prospectus (DRHP) for Tata Play, which would be its first IPO in more than 18 years. The […]
The Indian share market outshined global markets in 2022 despite global headwinds such as high inflation, rising interest rates, currency swings, geopolitical uncertainties, and the onslaught of FII selling. So far this year, Nifty has gained around 3%, compared to a 10-20% fall in most of the global indices. The outperformance has been driven by […]
Congress leader Rahul Gandhi on Wednesday met wrestler Bajrang Punia and other wrestlers in Haryana amid the uproar over the election of the new chief of the Wrestling Federation of India (WFI) and the subsequent suspension of the newly-elected body by the Sports Ministry. #WATCH | Haryana: Congress MP Rahul Gandhi reaches Virender Arya Akhara […]
By Manish Gupta Oil prices rising by $5 on the production cut decision of OPEC and its allies earlier this month suggests the oil cartel continues to have significant sway over the prices and their influence is likely to remain strong for the next 10-20 years, oil experts said. They went into a price war […]
By Sameet Chavan The global markets did extremely well last night and early this morning as well. As a result, our markets started the day with a strong bump up almost at the 17200 mark. However, without wasting much of a time, NSE Nifty 50 came back to its equilibrium to match with what SGX […]
By Subash Gangadharan Over the last few weeks, the Nifty has been in correction mode. The downtrend was confirmed when the support of 17613 was broken. On daily chart, we see that Nifty remains in a downtrend despite the bounces seen in last two sessions. The index continues to make lower tops and lower bottoms […]
Shares of India’s largest airline IndiGo surged over 8% on Wednesday as smaller rival Go First’s bankruptcy filing raised hopes of market share gains and improved yields. Cash-strapped airline Go First filed for bankruptcy on Tuesday, blaming “faulty” Pratt & Whitney engines for the grounding of about half its fleet and taking lenders by surprise. […]
Foreign portfolio investors seem to be warming up to Indian debt in 2023, with the first two months registering a net inflow of almost Rs 6,000 crore into the category. FPIs registered a net outflow of Rs 15,911 crore ($2.02 billion) in debt during 2022, being net sellers for nine out of 12 months. While […]
Benchmark indices NSE Nifty and BSE Sensex ended Wednesday’s volatile session in the red. The NSE Nifty 50 fell 41.40 points or 0.23% to 17,618.75 and BSE Sensex tanked 159.21 points or 0.27% to 59,567.80. In sectoral indices, Bank Nifty fell 111.20 points or 0.26% to 42,154.00 and Nifty IT plunged 479.50 points or 1.77% […]
Wall Street’s main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive real estate and technology stocks leading gains ahead of key inflation data that could shape the Federal Reserve‘s policy path.Investors await the February reading of personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, due on Friday […]
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