Among the individual stocks, Zomato hit a record high of Rs 153, up 9 per cent on the BSE in Friday’s intra-day trade, surging 13 per cent in past two trading days after the country’s largest listed foodtech company, surprised the Street with strong top-line performance in the September quarter in the India food delivery […]
India’s retail inflation inched up to 4.48 per cent in the demand-driven festive month of October from 4.35 per cent in September, reversing the four-month downward trend. Urban areas bore the brunt of the rise in inflation, surging to 5.04 per cent from 4.57 per cent. In its latest monthly review, the department of economic […]
The BSE benchmark index, the Sensex, opened 330-odd points higher at 60,248, and after consolidating in the morning session, the index began its upward journey. The NSE Nifty surged to a high of 18,123, and eventually settled with a gain of 229 points at 18,103. Bajaj Finsev, Asian Paints, Bajaj Finance, Sun Pharma , Larsen […]
Bloomberg Opinion’s John Authers has done the math: Over the last decade, the headline consumer price index has risen roughly 28%, and denominating that gauge in Bitcoin shows deflation of 99.996%. The premise has gained momentum as prices on everything from food to gas to housing have advanced faster and been stickier over the past […]
Birla Corp shares, on the downside, tanked 5 per cent after the company reported a consolidated net profit of Rs 85.5 crore during the September quarter of FY22 , down 49 per cent year-on-year from Rs 166 crore last year, on the back of extended monsoon and a surge in its expenses. Business Standard has […]
Birla Corp shares, on the downside, tanked 5 per cent after the company reported a consolidated net profit of Rs 85.5 crore during the September quarter of FY22 , down 49 per cent year-on-year from Rs 166 crore last year, on the back of extended monsoon and a surge in its expenses. Business Standard has […]
“A good market reception is very encouraging,” said Nayar, chief executive officer of Nykaa. Overall, Nykaa will be the 55th listed company in the Rs 1-trillion-plus m-cap club, ahead of firms like Godrej Consumer and Britannia. Investors, they said, are looking at Nykaa as a play on expected growth in online beauty and personal care […]
The benchmark indices have witnessed decent weakness lately, with the BSE Sensex and the Nifty 50 correcting over 5 per cent each. In addition, these overbought stocks continue to see a strong buying momentum that could enable them to explore uncharted territory on the higher … Business Standard has always strived hard to provide up-to-date […]
The Mobius Emerging Markets Fund has a combined 45% of its portfolio allocated to India and Taiwan, with tech hardware and software the biggest holdings in these markets. 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 […]
“Developed countries had taken a commitment in 2009 to mobilise $100 billion per year by 2020 for climate action by developing countries. Developed economies, led by the US, pledged $100 billion climate financing at COP15 in 2009 for the developing countries to shift to a low-carbon future and fund their climate mitigation and adaptability plans. […]
Distributors without an advisory licence need to comply with the new rules by June 30, according to the document from the CSRC. Competition has been intensifying as participants cut advisory fees to win clients, miring Vanguard, the only global asset manager that has been included in the trials through its partnership with Ant Group, in […]
Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. “The growth of crypto assets across the globe testifies to the fact that the number of investors joining the crypto revolution is growing exponentially. “We remain optimistic that Bitcoin will keep testing its all-time highs and […]
Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. “The growth of crypto assets across the globe testifies to the fact that the number of investors joining the crypto revolution is growing exponentially. “We remain optimistic that Bitcoin will keep testing its all-time highs and […]
The systems currently used by FPIs and their service providers, for instance, do not have the capability to code for different settlement cycles in the same market. “It’s a positive development, especially given that FPIs, brokers, and banks need more time to develop and implement necessary systems, cash flows, and forex management,” said Akshay Thakurdesai, […]
Bitcoin rose as much as 5.5% on Monday to $66,339, nearing its previous record of about $67,000. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. The crypto market has already roughly quadrupled from its 2020 year-end value, […]
Bitcoin rose as much as 5.5% on Monday to $66,339, nearing its previous record of about $67,000. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. The crypto market has already roughly quadrupled from its 2020 year-end value, […]
Questions such as these are being debated at the ongoing 26th Conference of Parties, where world leaders are negotiating on rules on carbon markets under Article 6 of the Paris Agreement. But unless rich countries help developing economies like India access the funds and technology needed to transition to clean alternatives, a carbon border tax […]
Last week, the BSE Sensex ended Samvat 2077 at 60,068 levels, while the Nifty50 settled at the 17,917 mark. Globally, markets will react to the US Fed’s decision today as the markets open for trade on the first day of Samvat 2078. Business Standard has always strived hard to provide up-to-date information and commentary on […]
The domestic market also awaits the release of September inflation data,” Vinod Nair, Head of Research at Geojit Financial Services said. 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 US generic drug market was estimated to be around USD 115.2 billion in 2019. It is the largest market for pharmaceutical products. 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 […]