At 12:40 pm, the S&P BSE IPO index was down 3.7 per cent, as compared to 1.6 per cent decline in the S&P BSE Sensex. Individually, shares of One97 Communications tanked 19 per cent to Rs 1,271 on the BSE, extending its 27 per cent decline on Thursday. The company has a huge customer base […]
The BSE benchmark index, the Sensex, tocuhed a high of 59,778 during its extreme brief stay in the positive zone this morning, thereafter the index dropped to lower levels as the day progressed. The Sensex, however, recovered a wee bit towards the close, but still ended the Monday’s trading session with a significant loss of […]
Going-forward, as trading sentiment is expected to remain subdued this week too given the absence of fresh triggers, analysts suggest investors accumulate quality stocks at lower levels. Madan Sabnavisn who is chief economist at CARE Ratings, believes the decision to repeal the Bills is unfortunate as the laws were progressive and had the potential to […]
The depository data for this month shows the net FPI buying was to the tune of over Rs14,000 crore in equities . The trend indicates that FPIs are likely to turn sellers at every rise since most foreign brokerages have a sell call on India … Business Standard has always strived hard to provide up-to-date […]
Pidilite, India’s fourth-largest consumer company by market capitalisation, was among the standout performers in the September quarter. Aided by a rebound in construction activity, higher pent-up demand, and market share gains, the company posted a 40 per cent YoY growth in revenues at Rs2,626 crore. Business Standard has always strived hard to provide up-to-date information […]
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. …Read the full story
LIVE market updates: The key benchmark indices so far in the day have extended losses as the trading sesion progressed amid a board-based selloff. All sectoral indices were in the negative zone – the BSE Auto index was the biggest loser, down 2.5 per cent. Volatility index, India VIX, was up 3 per cent and […]
The trading debut of Paytm isn’t expected to be as much of a hit like its startup peers Nykaa and Zomato. If that happens, we need to see if large investors come forward to buy the stock. If one gets an allotment, we do not advise holding the stock and it’s better to exit post […]
The BSE Sensex dropped to a low of 59,945, and ended 314 points lower at 60,008. For the second straight day, Reliance Industries accounted for almost 50 per cent of the Sensex loss. 1,000 per cent returns in one year – This Tata group stock, Tata Tata Teleservices was locked at the 5 per cent […]
“We’ve seen the U.S. He also cited concerns about China continuing its regulatory crackdown. New tax-reporting requirements for digital currencies are part of the $550 billion infrastructure bill that President Joe Biden just signed into law. It “would be unusual to keep moving up without corrections,” said Vijay Ayyar, head of Asia Pacific with crypto […]
This pick up in economic activity is here to stay and the future looks to be extremely bright,” he said at industry body CII’s National Conference on MNCs 2021. “We will have an FTA with UAE in next 60-100 days, an interim agreement with Australia probably around the same time. Under an FTA, two trading […]
The BSE Sensex was down 177 points at 60,541 levels at 10:05 AM while the Nifty50 was at 18,078, down 38 points. Individually, shares of PB Fintech, the parent company of Policybazaar, rallied another 16 per cent to Rs 1,397 on the National Stock Exchange in Tuesday’s intra-day trade after a strong market debut on […]
The third week of November concentrates the first day of trade for initial public offerings that together raised about $3.3 billion, the biggest weekly amount for the local market in 11 years. A rallying stock market helped spur multiple technology unicorns to list in India this since January, with proceeds raised in new-share sales at […]
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. …Read the full story
Climate action has two parts: mitigation, which requires countries to cut back on fossil fuels, protect and expand forests, and promote clean infrastructure; and adaptation, which includes building critical infrastructure to deal with extreme climate events such as cyclonic storms, droughts and floods. The $100 billion target itself is now inadequate — developing countries are […]
Earlier, at a stocktaking plenary, India made an important intervention to express its disappointment over the draft text of the agreement. Fossil fuels and their use have enabled parts of the world to attain high levels of wealth and wellbeing, and targeting any particular sector is uncalled for, he said. The Glasgow agreement was a […]
Riding high on the Punch — the sub-compact SUV offering launched on October 18 — the Tata group flagship sold a record 23,381 units in October, higher than 20,022 units sold by archrival Mahindra & Mahindra, 18,538 units sold by Hyundai Motor India, and 15,931 units sold by Kia Motors India. Business Standard has always […]
“Given that most of the quarterly results and festive mood is behind us, indices are expected to move sideways. Ajit Mishra, VP – Research, Religare Broking, said, “As the result season is almost behind us, the focus will shift back to global markets for cues. Business Standard has always strived hard to provide up-to-date information […]
If you are raising the issue, then you have to speak on the basis of evidence and witness,” he said. The Chief Minister also said that the government will not spare anyone whoever was indulged in the scam. “Let those who are making the allegations explain what exactly the scam is and who is involved […]
“India’s biggest ever ‘Bitcoin Scam’ has been unearthed in Karnataka. “This is not a money laundering crime alone, this is an international crime. There are doubts being raised on the reputation of Basavaraj Bommai and his political career and reputation are at stake and that is why he should write to the government for constituting […]