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Under the shadow of declines in the Asian market and subdued European markets, for most of the day, Indian shares were outperforming their global peers. However, profit-booking in the last hour of trade erased all gains. Profit booking was amplified in the index heavyweights Reliance, TCS and Tata Steel. At the close, Sensex fell 66.23 […]
It seems that the aftermath of the Covid19 pandemic on Indian households is still unfolding. Slump in economic activity, restrictions on working conditions and increasing layoffs and unemployment has devasted family income resulting in large scale selling of families’ physical gold holdings. Indians, mostly middle class have reportedly sold 111 tonnes of their physical gold […]
After a bounce-back on Thursday, the Indian stock market is expected to open with declines on Friday on weakness in global markets. Continued selling by foreign portfolio investors (FPI) will also weigh on the sentiments. Meanwhile, if benchmark indices end with declines today it will be the second consecutive weekly decline for the market. Nifty […]
Stocks in most of Asia are trading down after a relief rally on Thursday. The US stock index futures, open for trade on Friday are down or lower than expected Amazon earnings. The e-commerce giant also warned investors about lower-income and profit growth going forward. Japan’s Nikkei 225 dipped 1.2% in early trade, while the […]
Indian stock market ended in the green after three days of declines primarily lead by index heavyweights and metals shares. Positive global cues from China and the US Federal Reserve also supported the sentiments. Aggressive buying by domestic funds also helped lift the market. The foreign portfolio investors continued to sell in the cash market […]
The Indian stock market is expected to open firmer on the back of positive Asian cues. However, the market movement will be more stock-specific and broader moves are likely to be volatile due to the July series expiry day in the derivatives segment. After three days of losses, the market in Asia is witnessing a […]
Stock markets are slowly getting back to normalcy after Federal Reserve assured that the rise in interest rates is way away while the Chinese authorities also tried to soothe fears. Hang Seng in Hong Kong opened 2% higher after three days of declines. The stock markets in the mainland also recoded gains, with the Shanghai […]
It seems that troubles are mounting for Raju Kundra and his wife Shilpa Shetty from all sides. After the arrest of businessman Kundra in a pornography case, the stock market regulator on Wednesday fined Kundra his wife and actor Shilpa Shetty in a 2015 case of insider trading in a listed company named Viaan Industries […]
Four funds that have a large investment in India’s second richest Gautam Adani-promoted firms have a history of investing in the companies that have defaulted on repayment to bank. The opposition has demanded an investigation for alleged round-tripping. These funds are also among the largest foreign shareholders in Winsome Diamonds and Jewellery Ltd., Sterling Biotech […]
Mirroring Asian peers, the Indian stock market closed in the red for a third straight session. However, bargain hunting and a couple of index heavyweights reversing their losses during the session helped sharp bounce back in the market from day’s low. The benchmark Sensex and Nifty opened weak and continued to their slide on heavy […]
National Fertilisers Limited (NFL) and Rashtriya Chemicals and Fertilisers Ltd (RCF) signed a Memorandum of Understanding (MoU) with Indian Farmers Fertiliser Cooperative Limited (IFFCO) for the transfer of technology of a revolutionary and game-changer fertiliser Nano Urea Liquid on July 27. MoUs and other related agreements were signed in the presence of Minister of Chemicals […]
Measures announced by the government to give relief to micro, small and medium enterprises (MSME) to thwart the impact of the Covid-19 pandemic on their businesses are inadequate, a parliamentary panel has concluded. A standing committee report (Impact of Covid-19 Pandemic on MSME Sector and Mitigation Strategy Adopted to Counter It) was submitted by the […]
“Sorry, I cannot help you. We have got the approval as per the rates fixed by the municipal corporation. I can not change the room charges as requested,” a hospital staff member tells a lady who is being discharged after 14 days of Covid-19 treatment. “But, my problem is I am allowed room charges only […]
Income Tax Department celebrates 161 years of the introduction of income tax in India. The Income Tax Department administers direct tax laws of the country, contributing to more than 52% of the total tax revenue of the government of India. On this occasion, 1984 batch IRS officer Krishna Mohan Prasad, a member of the Central […]
Tesla Inc is eyeing Indian grounds to set up a factory, only if taxes don’t play a spoilsport. Chief Executive Elon Musk took to Twitter and expressed his thoughts when quizzed on launching Tesla cars in India. The company has written to Indian ministries seeking a reduction in import duties on electric vehicles (EV). Second […]
Despite slowing down of operations during the second wave of Covid19, Reliance Industries Limited on Friday reporter strong performance when compared on yearly basis. However, quarter on quarter the performance seems to be affected by the pandemic disruptions. The overall performance of the company was dominated by better than expected oil refining petrochemicals and telecom […]
Indian stock market closed with gains on Friday, however, it ended in the red for the week. The market continued its positive move from the previous session but failed to gain in early trade. However, buying in ICICI Bank propelled the indices higher during the day. The last hour profit booking in the index major […]
Online majors – Flipkart and Amazon – will have to go through investigations by the Competition Commission of India (CCI), a division bench of the Karnataka High Court ordered. The petition was moved by e-commerce majors against the single judge bench order that held the investigation into business practices of the two companies by the […]
Technology-driven food delivery start-up, Zomato is making its debut on the stock exchanges on Monday. The response to its Rs 9,375 crore fundraising had already indicated investors’ interest in the newer business model, despite concerns surrounding its valuations and profitability. The shares are listed at Rs115. At 10.08 am on Friday, shares are trading at […]
After three straight sessions of losses, the Indian stock market bounced back on Thursday on positive global cues with the best gains in two months. Positive global stocks, cooling crude oil and buying after a small correction were the triggers for change in the trend at the beginning of the week. Short covering in index […]
