Asian markets traded higher, while the US stock market ended largely in the red dragged by selling in technology stocks. On Monday, the Indian stock market indices ended with minor gains led by heavyweights. The Sensex gained 131.18 points, or 0.17%, to close at 77,341.08, while the Nifty 50 settled 36.75 points, or 0.16%, higher … Read more
HCL Technologies share price rallied nearly 3% in early trade on Wednesday after the IT major announced the expansion of strategic partnership with Deutsche Apotheker- und Ärztebank eG (apoBank), Germany’s largest cooperative primary bank. HCL Tech shares gained as much as 2.95% to ₹1,472 apiece on the BSE. HCL Technologies will accompany apoBank with an … Read more
This surge followed the announcement that the company’s real estate division had been selected as the “Preferred Developer” for the redevelopment of MIG VI CHS Ltd. in Bandra East. Spanning 2 acres, the project is anticipated to generate revenue exceeding ₹2,000 crores over the project period. This project marks Raymond’s fourth venture in Mumbai, underscoring … Read more
Transaction costs have long been the subject of rigorous scrutiny, particularly by FPIs, who have historically lamented the high cost of entering and operating in Indian markets. These costs are multifaceted, often categorised as one-time fees for setup and registration, assets-under-custody (AuC)-based charges, and transaction-based fees. However, lurking beneath these enumerated fees is a less … Read more
Top News India’s foreign exchange reserves (Forex) increased by USD 4.83 billion to reach USD 651.5 billion for the week ending May 31, 2024. The IPO of Kronox Lab Sciences got oversubscribed by 117.25 times. Sundaram AMC has launched the NFO for Sundaram Business Cycle Fund. The NFOs closes on 19th June. View Full Image … Read more
ITC shares got a ratings downgrade from brokerage firm Emkay Global Financial Services on the back of near-term business pressures like cigarette margin stress, demand in paper business and margin weakness, and the slowdown in agri business Emkay Global recently downgraded its rating on ITC shares to ‘Add’ from ‘Buy’ and also cut ITC share … Read more
Top News SEBI has issued regulations requiring listed entities to verify market rumours following significant price movements. Unaffected prices will be considered for transactions within 24 hours of confirming a rumour, excluding its impact on share prices. This framework applies to top 100 listed entities from June 01, 2024, and to the next top 150 … Read more
While FDs offer guaranteed returns, these returns are typically modest. In an era of rising living costs, the purchasing power of your money can diminish, leaving you with less than you started with in real terms. Inflation: The silent wealth killer One of the biggest drawbacks of fixed deposits is their vulnerability to inflation. When … Read more
Adani Ports & SEZ: Adani Group is preparing a $3 billion fund to increase its global ports capacity and establish a significant presence in the corridor connecting India to Europe via Central and West Asia. The group plans to increase its port capacity from 600 million metric tonnes per annum (MMT) to 800 MMT in … Read more
The industry saw some growth impact during COVID in FY21 as it grew 10% YoY to ₹8 lakh crore and subsequently a bounce-back in FY22, growing 15% YoY to ₹9.2 lakh crore, and normalized growth in FY23 at 15% YoY to ₹10 lakh crore. Going ahead, key structural drivers such as an ageing population, an … Read more