The first two months of calendar year 2023 have seen a cumulative erosion of Rs 24.7 trillion in market capitalisation, according to BSE data – the highest ever in the first two months. This is almost double the Rs 13.6-trillion loss during the corresponding period of 2022. The BSE’s total mcap now stands at Rs […]
Asian shares wobbled in cautious trade on Tuesday, while the dollar was firm ahead of a series of data releases and central bank meetings that begins with the Reserve Bank of Australia later in the day. The overnight sale of First Republic Bank‘s assets to JPMorgan Chase resolved the third U.S. bank failure in two […]
By Ruchit Jain After posting a smart rally in the July series, Nifty started the August series on a positive note and it reclaimed the 17000 mark at the start of the series. The index kept its momentum intact and almost tested the 17500 mark on the first weekly expiry day of the month. We […]
16,398 employees were laid off by over 100 Indian startups and technology companies in 2023 (as of December 26) across major and emerging tech hubs in the country including Delhi NCR, Bengaluru, Mumbai, Hyderabad, Pune, Chennai and others, according to the latest data from layoff tracker Layoffs.fyi. While Paytm trimmed its workforce by 1,000 employees, […]
The Reserve Bank of India (RBI) should reduce nominal interest rates soon to prevent an excessive rise in real interest rates, says monetary policy committee’s external member Jayanth Varma. He tells Ajay Ramanathan that a potential deterioration in the global economy and geopolitical volatility are major risks to growth in 2024. Excerpts: Q. Do you […]
Indian share market benchmarks BSE Sensex and NSE Nifty 50 have tumbled over 15% per cent from record high levels on the back of Russia-Ukraine war, and other global developments. Sandip Sabharwal, investment advisor, in an interview with Surbhi Jain of FinancialExpress.com, advises investors to exit stocks bought on tips and unsustainable expectations, and evaluate […]
Even though finance minister Nirmala Sitharaman addressed the Reserve Bank of India’s Board on Saturday, her customary post-budget address to the Board of the Securities and Exchange Board of India (Sebi) is yet to be scheduled. Usually, the finance minister addresses both the RBI and Sebi boards on the same day or a couple of […]
Domestic indices ended Tuesday’s session in the red territory. The NSE Nifty 50 closed below 17000, BSE Sensex below 57650 and Bank Nifty concluded above 39,550. The top gainers on Nifty 50 were UPL, IndusInd Bank, Dr Reddy, ICICI Bank and HDFC Bank while the top losers were Adani Enterprises, Adani Ports, Tech Mahindra, Hero […]
By Shrikant Chouhan The benchmark indices witnessed robust bounce back, the NSE Nifty 50 ended 153 points higher while the BSE Sensex settled 581 points up. Among sectors, reality, media, PSU Banks stocks bounced back sharply whereas some profit booking was seen in metal stocks. Technically, the Nifty 50 index not only cleared the resistance […]
Popular tourist destinations in India can get crowded during peak seasons. Long queues snake their way around iconic monuments, restaurants overflow with eager diners, and transportation options become sardine cans on wheels. India’s culture and diversity attract travellers from across cities and the globe. However, exploring the country during peak seasons can present challenges. To […]
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