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Back on positive global cues and backed by banks and financial services shares, Indian benchmark indices managed to close higher after three days of losses. This is the highest single-day up move in the Sensex since May 12. At the close of Tuesday, Sensex was 52,769, up 397 points while, Nifty closed up by 119.75 […]
With changing times, the entire world has found itself at the threshold of digitalisation. And covid-19 pandemic has only boosted this. With communication, entertainment and education all taking the online route, one isn’t left with any other choice.. Since 24th March last year, when the lockdown was imposed for the first time, e- skill courses […]
Indian shares are expected to open with big gains on back of positive global cues. Record closing in the US, bullish Asian peers and better than estimated inflation data released on Monday are likely to provide positive support to the market. The Nifty futures in Singapore are up by 140 points also indicate a strong […]
Asian Stock market continued its upward move on Tuesday on back of strong gains in the US markets. Most market in Asia are in the bullish momentum with Nikkei in Japan gaining 0.81 per cent, The South Korean 0.70 per cent and Hang Seng rising by 1.52 per cent. Expectations for a solid earnings season […]
In aftermatch of a media report that resulted in series of profit booking on shares of six listed entities of Adani group companies, the founder and chairman of the group has spoken out. In his address to shareholders, India’s second richest also elaborated on the growth model of his business empire. “I must draw attention […]
The Punjab and Maharashtra Co-operative Bank (PMC) incurred a huge loss and it led to its net worth getting all wiped out last year. It posed some serious challenges for its revival. Centrum Financial Services Ltd. is to set up a small finance bank that would take over the PMC bank. The RBI said that […]
For another day the Indian benchmark indices – Sensex and Nifty – could not hold on to their gains during the trading session and closed almost flat on Monday. Interestingly, since the beginning of June, the benchmark indices are moving in a narrow range but slowly losing their momentum on the bullish side. Supported by […]
After two days of profit booking, two weeks of losses, the Indian benchmarks are expected to open with gains on Monday. The SGX Nifty Futures in Singapore is trading up by 67 points at 15,795. The benchmark in India closed at 15,721 on Friday. A total of 11 companies will announce their June quarter earnings […]
Stock markets across Asia have bounced back off the lows of the last week helped by Friday’s record highs on Wall Street. However, the quarterly earnings and the Federal Reserve statements during the week are the major hurdles ahead. On Monday morning, Nikkei in Japan is up 1.9 percent, the South Korean market is up […]
Like the secondary market where Sensex and Nifty are at record highs, the primary market or where the shares are offered for the first time to the public before the listing is also gaining momentum. On Friday, two initial public offerings (IPO) closed for the subscription. The investors’ response is unbelievable! The specialty chemicals company […]
For the second session in a row, benchmark equity indices closed down. However, in the broader market, small-cap and mid-cap managed to end with gains. Concerns around rising interest rates, China’s crackdown on its technology companies listed abroad, rising Covid cases and profit-booking by foreign investors were the major forces behind the trade during the […]
Indian stock market witnessed major sell-off on weak global cues, rising dollar and cautious Federal Reserve minutes. At the closing, Sensex ended in the downward path by 0.92 per cent or 485.82 points at 52,568.94 and the Nifty closed at 15,727.90 or down by 151.75 points. After the closing at record highs in the previous […]
Asia’s oldest stock exchange, the Bombay Stock Exchange added another feather in the cap as it recorded the highest contribution in the industry net equity inflow by contributing Rs 6,072 crore against the total equity inflows of the industry of Rs 5,998 crore in June. As investors are queuing up for registration with stock exchanges, […]
New investment in equity mutual funds (MF) schemes have dropped by 40 per cent in June, as compared to May. The official data from the Association of Mutual Funds of India (AMF) showed, however, investors continued to pour in money for the fourth straight month. As per the AMFI, total inflows for June stood at […]
Online food and delivery startup Zomato on Thursday announced share prices for its initial public offering. With Rs 8,100 fund share and price per share at Rs 72-76, it will make Zomato more valued than Hero Motocorp, Torrent Pharma, or Piramal Enterprises. At the price band at which shares are up for grabs, Zomato could […]
Zydus Cadila Healthcare was one of the first to announce plansfor a Covid vaccine, more than a year ago, so its application for emergency approval for the 3-dose ZyCov-D last month is long overdue. The company has been cautious, but innovations like the needle-free applicator, which introduces the vaccine through the skin instead of the muscle, will probably make the delay worthwhile. Zydus has also tested the vaccine […]
Indian equity markets closed down on Tuesday after two sessions of gains. The market managed to reach a new record high, however, profit booking in Reliance, Tech Mahindra and Tata Motors dragged the market below the previous close. The benchmark, Sensex hit a record high of 53,129 but failed to hold on to the momentum. […]
African nation Uganda, once a second home for Gujaratis, is looking for increased partnership from small and medium enterprises of Gujarat. As part of this initiative, Ms. Grace Akello, the Ambassador of Uganda to India had a bilateral discussion about cooperation between the two parties with the state’s chief minister Vijay Rupani on Tuesday. During […]
I must admit, I was shocked when I heard the news that Citibank is planning to exit consumer banking in India. For those of a certain vintage era, Citi is an iconic organization, once considered the best job on business school campuses, offering Indians a global career. Citigroup even had an Indian-American global CEO in Vikram Shankar Pandit for five years, […]
After two months of decline, Indian passenger car manufactures are back on track with higher sales numbers in the month of June alone. Though consumer sentiments are still positive, experts believe that it may change with the rising fuel prices. Although, businesses remained shut, owing to city-wide curfew and restrictions imposed during the second wave […]
