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New Delhi: Telecom infrastructure solutions provider Pace Digitek Ltd on Thursday said it has mobilised over ₹245 crore from anchor investors, just a day before its initial share-sale opening for public subscription. Some of the institutions that participated in the anchor include Bandhan Mutual Fund (MF) and Taurus MF, SBI General Insurance Company, Societe Generale, Saint Capital Fund, Aarth AIF Growth Fund and Nexus Global Opportunities Fund, according to a circular uploaded on the BSE websi ...Read More >
MUMBAI: The domestic equity indices settled flat on Tuesday amid persistent selling in IT stocks amid buying in the auto and financial services sectors. Sensex ended the session at 82, 102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82, 147.37 against last session's closing of 82, 159.97. The index remained range-bound amid selling in IT and FMCG stocks. Nifty closed at 25, 169.50, down 32.85 points or 0.13 per cent. "The markets experienced signific ...Read More >
Mumbai: Benchmark stock indices Sensex and Nifty closed lower for the third consecutive day on Tuesday in a volatile trade, dragged by selling in IT and blue-chip private banking shares and foreign fund outflows amid concerns over the steep hike in US H-1B visa fees. After oscillating between gains and losses during the day, the 30-share BSE Sensex closed lower by 57.87 points or 0.07 per cent at 82,102.10. During the day, it hit a high of 82,370.38 and a low of 81,776.53, fluctuating by 593.85 ...Read More >
Mumbai, Sep 23 (SocialNews.XYZ) The domestic equity indices settled flat on Tuesday amid persistent selling in IT stocks amid buying in the auto and financial services sectors. Sensex ended the session at 82,102.10, down 57.87 points or 0.07 per cent. The 30-share index started the session flat at 82,147.37 against last session's closing of 82,159.97. The index remained range-bound amid selling in IT and FMCG stocks. Nifty closed at 25,169.50, down 32.85 points or 0.13 per cent. "The markets ...Read More >
Mumbai: Indian stock markets closed with small losses on Tuesday. The Nifty 50 ended the day 33 points lower at 25,170, and the Sensex fell by 58 points to close at 82,102. While most sectors saw mild declines, banking stocks stood out, closing with strong gains. Bank Nifty Gains, Smallcap Outperforms Midcap The Nifty Bank index jumped 225 points, or 0.41 percent, to close at 55,509, showing strength in the financial sector. On the broader market front, BSE Midcap stocks dropped 133 points (0. ...Read More >
MUMBAI: The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82, 380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81, 852.11 against last session's closing of 81, 785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday high at 82, 443.48. N ...Read More >
Mumbai, Sep 16 (SocialNews.XYZ) The Indian equity indices experienced a sharp rally on Tuesday, buoyed by the resumption of India-US trade talks and Fed rate cut expectations. Sensex closed at 82,380.69, up 594.95 points or 0.73 per cent. The 30-share index started the session slightly up at 81,852.11 against last session's closing of 81,785.74. The index extended the momentum further following value buying across the segments, excluding FMCG, amid positive global cues. It touched an intraday h ...Read More >
MUMBAI: The Indian benchmark indices opened higher on Tuesday amid mixed global cues, as US Chief Negotiator Brendan Lynch arrived in India to resume trade negotiations between the two nations. As of 9.25 am, the Sensex was up 184 points or 0.23 per cent at 81, 970, and the Nifty was up 47 points or 0.19 per cent at 25, 117. The broadcap indices outperformed benchmark indices, as Nifty Midcap 100 inched up by 0.26 per cent, and the Nifty Small cap 100 moved up 0.70 per cent. Kotak Mahindra, A ...Read More >
New Delhi: In a major development, Mukesh Ambani-led Reliance Group companies raised about 210 billion rupees ($2.4 billion) through asset-backed securities, according to a Bloomberg report quoting people familiar with the matter. It is important to note that this is one of the largest such deals in India this year. The report further adds that about three-fourths of the issuance was bought by the country's leading asset managers, including Aditya Birla Sun Life Asset Management Co., HDFC Asset ...Read More >
CHENNAI: The Enforcement Directorate's Chennai zonal office on Monday said that they have restituted 27 immovable properties in Chennai valued at Rs 163.85 crore under the provisions of the Prevention of Money Laundering Act (PMLA) to the State Bank of India (SBI) in a Rs 380-crore bank fraud case involving Nathella Sampath Jewellery Private Limited (NSJPL) and others. The restitution was made as per the orders of the Prinicipal Sessions/Special Court, Chennai, under Section 8 (8) of PMLA. ED ...Read More >
Chennai: Enforcement Directorate (ED) has restituted 27 properties worth 163.85 crore of Nathella Sampath Jewellery Private Limited (NSJPL) and others located in the city to the State Bank of India (SBI), in connection with the 380 crore bank fraud case filed against the firm.ED had initiated a probe under the PMLA based on a 2018 CBI FIR, in which SBI, on behalf of the consortium of three banks, alleged that NSJPL diverted the loan of 380 crore for unintended purposes and defaulted on repayment ...Read More >
CHENNAI: In a significant development in a Rs 380 crore bank fraud case, the Enforcement Directorate (ED) has restituted 27 immovable properties valued at approximately Rs 163.85 crore to the State Bank of India (SBI). The action was taken under the Prevention of Money Laundering Act (PMLA), 2002, following an order from the Principal Sessions/Special Court in Chennai. The properties were returned in connection with the money laundering investigation into Nathella Sampath Jewellery Pvt Ltd (NSJ ...Read More >
Chennai, Sep 15 (SocialNews.XYZ) The Chennai Zonal Office of the Enforcement Directorate (ED) has restituted 27 immovable properties worth Rs 163.85 crore to the State Bank of India (SBI) in connection with the Rs 380 crore bank fraud involving Nathella Sampath Jewellery Private Limited (NSJPL). The restitution followed orders issued by the Special Court in Chennai under Section 8(8) of the Prevention of Money Laundering Act (PMLA), 2002. The case dates back to March 2018, when the Central Bur ...Read More >
Bengaluru (Karnataka) [India], September 15: Flipkart, India homegrown e-commerce marketplace, has officially announced the dates for its blockbuster annual shopping festival, The Big Billion Days (TBBD) 2025, starting 23rd September, with 24 hour early access for Flipkart Black and Plus members beginning on 22nd September. With Early Bird Deals, customers can shop for their favorite products at The Big Billion Days Sale prices before it officially begins and can access deals across mobiles, ele ...Read More >
NewsVoir Bengaluru (Karnataka) [India], September 15: Flipkart, India's homegrown e-commerce marketplace, has officially announced the dates for its blockbuster annual shopping festival, The Big Billion Days (TBBD) 2025, starting 23rd September, with 24 hour early access for Flipkart Black and Plus members beginning on 22nd September. With 'Early Bird Deals', customers can shop for their favorite products at The Big Billion Days Sale prices before it officially begins and can access deals acros ...Read More >
Dev Accelerator's IPO witnessed strong retail investor interest, subscribing over 48 times on the second day, despite valuation concerns. SBI Securities estimates a high FY25 P/E multiple of 310.10, significantly above peers. While SBI Securities suggests caution, Anand Rathi recommends subscribing, citing the company's expanded services and long-term potential. Flexible workspace solutions company Dev Accelerator has received a strong response from retail investors with the quota getting subsc ...Read More >
Mumbai: India's largest public sector bank, State Bank of India (SBI), has announced a change to its Auto-Sweep (MOD) facility. The bank has increased the minimum threshold from Rs 35,000 to Rs 50,000. SBI shared this update through emails to its customers. The message said, 'The minimum threshold limit for the auto sweep facility in Savings Bank accounts has been increased from Rs 35,000 to Rs 50,000. So, the next MOD (Multi Option Deposit) will be triggered at Rs 50,000.' What Is SBI's MOD o ...Read More >
Domestic equities marked a second consecutive week of gains, propelled by a surge in IT stocks following positive remarks from Donald Trump on India and Infosys' share buyback announcement. The NSE Nifty closed above 25,000, fueling optimism for further gains, while the Volatility Index declined, signaling reduced market risk. Domestic equities posted gains for a second week, led by upsides in beaten-down information technology (IT) shares following Donald Trump's conciliatory remarks on India ...Read More >
Mumbai: Benchmark equity indices Sensex and Nifty recorded marginal gains in early trade on Monday but later faced highly volatile trends and were quoting flat amid profit-taking after a sharp rally last week. Markets are awaiting the outcome of this week's US Federal Reserve policy meeting. The 30-share BSE Sensex went up by 93.81 points to 81,998.51 in early trade. The 50-share NSE Nifty edged higher by 24.45 points to 25,138.45. Later, the BSE benchmark quoted 10.06 points down at 81,904.31, ...Read More >
Mumbai, Sep 15 (PTI) Benchmark equity indices Sensex and Nifty recorded marginal gains in early trade on Monday but later faced highly volatile trends and were quoting flat amid profit-taking after a sharp rally last week. Markets are awaiting outcome of this week's US Federal Reserve policy meeting. The 30-share BSE Sensex went up by 93.81 points to 81,998.51 in early trade. The 50-share NSE Nifty edged higher by 24.45 points to 25,138.45. Later, the BSE benchmark quoted 10.06 points down at ...Read More >
India's retail food inflation remained negative for the third consecutive month in August at -0.69%, driven by lower prices for vegetables, cereals, and pulses. Retail food inflation remained in the negative zone for three consecutive months in August when it came in at (-) 0.69%, largely driven by subdued prices of vegetables, cereals, pulses, meat, eggs and spices. Food inflation was further in the negative zone in July (-1.76%) and June (-1.01%). The consumer food price index (CFPI) rose 0. ...Read More >
New Delhi, Sep 14 (SocialNews.XYZ) The combined market value of eight of the country's top-10 most valuable companies increased by Rs 1.69 lakh crore last week, in line with the positive trend on Dalal Street. During the week, the BSE benchmark rose by 1,193.94 points, or 1.47 per cent, boosting investor sentiment. Bajaj Finance turned out to be the biggest gainer among them. Among the top companies, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and Bajaj Finance saw ...Read More >
New Delhi: Eight of India's top-10 most valued companies together added Rs 1.69 lakh crore to their market capitalisation last week, tracking strong gains in the equity market. Bajaj Finance emerged as the biggest gainer, while Hindustan Unilever and LIC saw declines in their valuations. The BSE benchmark Sensex itself climbed 1,193.94 points, or 1.47 per cent, during the week, boosting overall investor wealth. Bajaj Finance, Infosys shine Bajaj Finance's valuation jumped the most, rising by ...Read More >
New Delhi, Sep 14 (PTI) The combined market valuation of eight of the top-10 most valued firms jumped by Rs 1,69,506.83 crore last week in tandem with an optimistic trend at the Dalal Street, where Bajaj Finance emerged as the biggest gainer. Last week, the BSE benchmark jumped 1,193.94 points or 1.47 per cent. From the top-10 pack, Reliance Industries, HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and Bajaj Finance were the gainers, while Hindustan Unilever Ltd and L ...Read More >
New Delhi: India's retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country's broader price stability, partly due to recent GST reforms. Official data released on Friday showed that retail inflation, measured by the Consumer Price Index (CPI), climbed to 2.07 percent year-on-year in August 2025, compared with 1.61 percent in July. The increase of 46 basis points, though notable, still kept inflation well wit ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) Public Sector Banks (PSBs) have moved beyond survival and stability and are now ready to play a bigger role in driving India's journey towards 'Viksit Bharat 2047', a top government official said on Saturday. Speaking at 'PSB Manthan 2025', a two-day programme organised by the Department of Financial Services (DFS) in Gurugram, M Nagaraj, Secretary, Financial Services, underlined that PSBs must now aspire for global competitiveness, strengthen governance, and ...Read More >
New Delhi [India], September 13 (ANI): The Department of Financial Services (DFS), Ministry of Finance, organised PSB Manthan 2025, a two-day programme that concluded on Saturday in Gurugram. The event, chaired by the Secretary of DFS, brought together the senior leadership of Public Sector Banks, along with regulators, industry experts, academicians, technologists, and banking practitioners. Eminent speakers included, Swaminathan J, Deputy Governor, Reserve Bank of India; V Anantha Nageswaran ...Read More >
New Delhi [India], September 13 (ANI): India's retail inflation edged up modestly in August, but economists and industry leaders believe the rise is temporary and unlikely to upset the country's broader price stability, partly due to recent GST reforms. Official data released on Friday showed that retail inflation, measured by the Consumer Price Index (CPI), climbed to 2.07% year-on-year in August 2025, compared with 1.61% in July. The increase of 46 basis points, though notable, still kept in ...Read More >
New Delhi, Sep 13 (SocialNews.XYZ) India's retail inflation is projected to settle at 3.1 per cent in FY26, driven by falling food prices and the effects of recent GST rate reductions, a report has projected. The Indian economy may see episodes of disinflation in the coming days as government support through lower indirect tax rates is likely to be passed on to customers, according to the report from Bank of Baroda (BoB). CPI inflation increased to 2.07 per cent in August, up from 1.61 per cen ...Read More >
In early trade today, several stocks experienced declines, with SBI leading the losses on the Nifty 50. At 09:30 am, SBI was trading at Rs 820.70, a 0.36% fall from its previous close. Other notable losers included SBI Life Insurance and Titan Company. SBI Life Insurance was trading at Rs 1,809.80, down by 0.24%. Titan Company was also down, trading at Rs 3,579.10, which represents a 0.14% decrease. Bajaj Finserv and TATA Cons. Prod experienced similar declines. Here's a detailed look into the ...Read More >
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