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Mumbai, Jul 18: Benchmark Sensex tanked 501 points while Nifty closed below the 25,000 mark on Friday due to selling in banking shares after muted quarterly earnings and foreign fund outflows. Falling for the second straight day, the 30-share BSE Sensex declined by 501.51 points or 0.61 per cent to settle at 81,757.73. During the day, it shed 651.11 points or 0.79 per cent to hit a low of 81,608.13. The 50-share NSE Nifty dropped 143.05 points or 0.57 per cent to close at a month's low of 24,9 ...Read More >
Mumbai, Jul 18 (PTI) Benchmark indices Sensex and Nifty fell sharply on Friday as foreign fund outflows and a muted start to the quarterly earnings season dented investors' sentiment. Analysts said sentiment among banking stocks is especially cautious in response to Axis Bank's latest financial results, which fell short of market expectations. The 30-share BSE Sensex tanked 651.11 points or 0.79 per cent to 81,608.13 during the day. The 50-share NSE Nifty dropped 192.8 points or 0.76 per cent ...Read More >
Mumbai: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82,087 and Nifty was down 35 points or 0.14 per cent at 25,075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC B ...Read More >
Mumbai: Equity benchmark indices Sensex and Nifty declined in initial trade on Friday, dragged by foreign fund outflows and a muted start to the earnings season. Analysts said sentiment among banking stocks is especially cautious in response to Axis Bank's latest financial results, which fell short of market expectations. The 30-share BSE Sensex declined 185.67 points to 82,073.57 in early trade. The 50-share NSE Nifty dropped 45.4 points to 25,066.05. From the Sensex firms, Axis Bank tumbled n ...Read More >
MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindr ...Read More >
Mumbai, Jul 18 (PTI) Equity benchmark indices Sensex and Nifty declined in initial trade on Friday dragged by foreign fund outflows and a muted start to the earnings season. Analysts said sentiment among banking stocks is especially cautious in response to Axis Bank's latest financial results, which fell short of market expectations. The 30-share BSE Sensex declined 185.67 points to 82,073.57 in early trade. The 50-share NSE Nifty dropped 45.4 points to 25,066.05. From the Sensex firms, Axis ...Read More >
Mumbai, July 18 (SocialNews.XYZ) The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82,087 and Nifty was down 35 points or 0.14 per cent at 25,075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Ban ...Read More >
MUMBAI: State Bank of India's Rs 25,000 crore qualified institutional placement (QIP) has been oversubscribed by over three times, with investment bankers expecting bids to touch Rs 1 lakh crore.The Life Insurance Corporation of India and domestic mutual funds such as HDFC Life and ICICI Prudential Life were among the top investors who bid for the shares. Foreign investors included Nomura, Millennium, BlackRock, and British hedge fund Marshall Wace.Bankers said foreign investors view the State B ...Read More >
Stocktwits - Indian equity markets ended lower on Thursday, with the Nifty index holding the 25,100 level in the expiry session. The Sensex closed 375 points lower at 82,259, while the Nifty 50 ended 100 points lower at 25,111. Broader markets were also under pressure, with the Midcap and Smallcap indices falling 0.1%. The retail investor sentiment surrounding the Nifty 50 remained 'bearish' on Stocktwits. Nifty sentiment and message volume on July 17 as of 4:00 pm IST. | source: StocktwitsSe ...Read More >
WeWork India Management Ltd. is set to launch its IPO in August, aiming to raise up to 35 billion rupees ($407 million). The IPO will involve the sale of up to 43.75 million shares, with controlling shareholder Embassy Buildcon LLP and investor 1 Ariel Way Tenant Ltd. offloading significant portions. WeWork India Management Ltd. began marketing an initial public offering in the South Asian nation to raise as much as 35 billion rupees ($407 million), according to people familiar with the matter. ...Read More >
New Delhi: The death sentence of Kerala nurse Nimisha Priya, who was sentenced to death in Yemen, has been postponed for the time being. She was to be executed by shooting today, July 16. According to media reports, activist groups and influential religious leaders intervened in the matter, after which the death sentence of Nimisha Priya was postponed. Earlier, many efforts were also made at the diplomatic level to save Nimisha from the death penalty. There is also news that the victim's family ...Read More >
WeWork India Management Ltd. has secured regulatory approval from the Securities and Exchange Board of India (SEBI) for its much-anticipated initial public offering. The IPO, structured entirely as an Offer for Sale (OFS), will see the divestment of up to 43,753,952 equity shares. Embassy Buildcon LLP, the principal promoter and majority stakeholder in WeWork India, is poised to offload as many as 33,458,659 shares. Additionally, 1 Ariel Way Tenant Limited will offer up to 10,295,293 shares. N ...Read More >
Pune: The ongoing pre-non-interlocking and non-interlocking works to develop the Hadapsar railway station would affect trains' movement in the Daund-Pune section this week from Thursday till Sunday. A total of 17 trains, including DEMUs from Pune to Daund and Baramati to Pune, Pune-Harangul Express (01487), Harangul-Pune Express (01488), Solapur-Pune Intercity Superfast Express (12169) and Pune-Solapur Intercity Express (12170), would remain cancelled on Sunday (July 20), a railway official said ...Read More >
Mumbai: Sumitomo Mitsui Banking Corp (SMBC) has already applied to India's banking regulator to buy up to a 25% stake in Yes Bank, giving the Japanese lender sufficient headroom to immediately increase its ownership, one person directly aware of the details told ET. In May SMBC had said it will buy 20% from a clutch of local banks for which it had signed an agreement. "The SMBC application pending with the Reserve Bank of India seeks to buy up to a 25% stake in Yes Bank. That is different from ...Read More >
New Delhi, Jul 15 (PTI) Property Share Investment Trust is set to mobilise Rs 473 crore through the initial public offering (IPO) of PropShare Titania, its second Small and Medium Real Estate Investment Trust (SM REIT) scheme, with the issue opening on July 21. The public issue will conclude on July 25. The price band has been set at Rs 10 lakh-10.6 lakh per unit, Property Share Investment Trust said in a statement. The IPO comprises a fresh issue of Titania units with no Offer For Sale (OFS) ...Read More >
New Delhi: Former Indian captain Anil Kumble said the team management should motivate Jasprit Bumrah to play in the last two Test matches. India suffered a 22-run loss in the Lord's Test, where the team was all-out for 170 chasing a target of 193 runs. With this defeat, England took a 2-1 lead in the five-match series. The BCCI had earlier announced that Bumrah would only play three Tests on the England tour to manage his workload. However, head coach Gautam Gambhir rested him in the second Tes ...Read More >
New Delhi, Jul 15 (PTI) Property Share Investment Trust is set to mobilise Rs 473 crore through the initial public offering (IPO) of PropShare Titania, its second Small and Medium Real Estate Investment Trust (SM REIT) scheme, with the issue opening on July 21. The public issue will conclude on July 25. The price band has been set at Rs 10 lakh-10.6 lakh per unit, Property Share Investment Trust said in a statement. Also Read | Aadhaar Free Update: Government Requests Parents to Update Childre ...Read More >
Tesla's entry into the Indian market has spurred insurance companies to offer specialized EV coverage. Liberty General Insurance and ACKO have been selected as insurance partners, providing tailored protection plans for Tesla owners. Zurich Kotak General Insurance has also launched 'EV Protect,' a comprehensive add-on cover for electric vehicles, including Tesla, ensuring peace of mind for EV owners. As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and A ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. Also Read | Ganeshotsav 2025: MSRTC To Run 5,000 Special Buses to Konkan From August 2 ...Read More >
New Delhi, Jul 15 (PTI) As Tesla announced its foray into the Indian market on Tuesday, Liberty General Insurance and ACKO said they have become insurance partners for the American electric carmaker in India. Liberty General Insurance said it has developed a suite of finely tuned protection plans that complement Tesla's engineering and performance excellence while anticipating the distinct needs of EV users. "At Liberty, we're deeply honoured to be among Tesla's preferred insurance providers f ...Read More >
New Delhi, Jul 15 (PTI) The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India ...Read More >
Mumbai, Jul 15 (PTI) Stock markets snapped the four-day falling streak on Tuesday with the benchmark Sensex rebounding by 317 points on buying in auto and pharma shares amid a decline in retail inflation to a more than six-year low, nearing the RBI's comfort zone. The 30-share BSE Sensex climbed 317.45 points or 0.39 per cent to settle at 82,570.91. During the day, it jumped 490.16 points or 0.59 per cent to 82,743.62. The 50-share NSE Nifty edged higher by 113.50 points or 0.45 per cent to 25 ...Read More >
New Delhi, Jul 15 (PTI) YouTuber Samay Raina appeared before the National Commission for Women (NCW) in Delhi on Tuesday, months after he was summoned in connection with allegedly offensive and sexist content aired during his show "India's Got Latent", officials said. Raina was also among the five social media influencers who appeared before the Supreme Court in a case seeking action against them for ridiculing persons suffering from disabilities. Raina submitted his statement in response to t ...Read More >
Mumbai, July 15: The Securities and Exchange Board of India (SEBI) has granted final approval to WeWork India Management Ltd to launch its initial public offering (IPO). The flexible workspace provider plans to float a public offer entirely through an Offer for Sale (OFS) of up to 43.75 million equity shares. As per the draft red herring prospectus, promoter Embassy Buildcon LLP will offload 33.46 million shares, while investor 1 Ariel Way Tenant Limited, will sell 10.29 million shares. WeWork I ...Read More >
July 14 (Reuters) - India's annual retail inflation (INCPIY=ECI), opens new tab slowed to a more than six-year low of 2.10% in June, near the lower range of the central bank's tolerance band, as food prices continued to ease, making a case for further interest rate cuts. Inflation was lower than the 2.5% estimated by economists in a Reuters poll. Retail inflation was at 2.82% in May. COMMENTARY: GAURA SEN GUPTA, CHIEF ECONOMIST, IDFC FIRST BANK, MUMBAI "The moderation in inflation is led by ...Read More >
Mumbai (Maharashtra) [India], July 11 (ANI): Indian stock markets on Friday ended on a negative note due to a sober start to the first quarter earnings season and a ramp-up in the tariff threat by the US of 35 per cent on goods imported in the US from Canada. At close, the Sensex was down 689.81 points or 0.83 per cent at 82,500.47, and the Nifty was down 205.40 points or 0.81 per cent at 25,149.85. During the trading session on the last day of the week, TCS, Bajaj Auto, M&M, Hero MotoCorp, an ...Read More >
Mumbai (Maharashtra) [India], July 11 (ANI): Indian stock markets on Friday ended on a negative note due to a sober start to the first quarter earnings season and a ramp-up in the tariff threat by the US of 35 per cent on goods imported in the US from Canada. At close, the Sensex was down 689.81 points or 0.83 per cent at 82,500.47, and the Nifty was down 205.40 points or 0.81 per cent at 25,149.85. Also Read | Shikhar Dhawan Lauds Harmanpreet Kaur-Led India Side for Historic T20I Series Win i ...Read More >
Mumbai (Maharashtra) [India], July 10 (ANI): Indian equity benchmarks concluded the day in the red territory, weighed down by weakness in IT stocks. The stock markets on Thursday witnessed selling pressure at higher levels. At the end of the trading, BSE Sensex was down 345.80 points or 0.41 per cent at 83,190.28, and the Nifty 50 on the National Stock Exchange (NSE) slipped 120.85 points or 0.47 per cent to 25,355.25. From a sectoral standpoint, Nifty Realty and Nifty Metal indices outperform ...Read More >
Bengaluru: A month after former Tata Consultancy Services (TCS) chief operating officer Natarajan Ganapathy Subramaniam retired in May 2024, chief executive K Krithivasan said the company would not hire a new COO for the time being. He added that TCS leaders were distributing Subramaniam's work among themselves and that no single individual could replace him. Less than a year later, the country's largest information technology (IT) outsourcer changed its tune. Not only did is hire a new COO, it ...Read More >
New Delhi [India], July 9 (ANI): Indian banks witnessed significant gains in market capitalisation during the April-June quarter of 2025, driven by falling interest rates and increased liquidity, which collectively attracted investor confidence. According to S&P Global Market Intelligence data, 18 of the top 20 Indian lenders, including the nation's three largest, saw their market cap rise.HDFC Bank Ltd., India's largest bank by market cap, registered a strong 9.70 per cent increase in its marke ...Read More >
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