Tata Motors launches Altroz Racer
Jun 07, 2024, at 07:36 pm
Indian automobile major Tata Motors on Friday announced the launch of the Altroz Racer - the sporty avatar of the company’s premium hatchback.
RBI keeps lending rate unchanged at 6.5%
Jun 07, 2024, at 03:47 pm
New Delhi/IBNS: The Reserve Bank of India (RBI) has kept the key lending rate unchanged at 6.5% in its new monetary policy announced on Friday.
Boeing's Starliner launches its 1st astronaut-crewed space flight on third try
Jun 06, 2024, at 07:31 pm
Washington/IBNS: Boeing on Wednesday successfully lifted off its new Starliner astronaut capsule from Florida in a much-delayed first test flight carrying a crew, a milestone in the aerospace giant’s ambitions to step up its competition with Elon Musk’s SpaceX.
Heritage Foods, other TDP-linked stocks extend record run after Chandrababu Naidu's election triumph
Jun 06, 2024, at 06:09 pm
Mumbai/IBNS: Shares of Telugu Desam Party (TDP)-linked stocks, including Heritage Foods Ltd and Amara Raja Energy & Mobility Ltd, on Thursday (June 6) extended their winning runs for the second straight day on Dalal Street, as the TDP leader N Chandrababu Naidu -- an NDA ally -- is seen playing a key role in the formation of next NDA 3.0 government at Centre.
Election shortfall of Narendra Modi's BJP leaves Wall Street scrambling
Jun 06, 2024, at 05:18 pm
New York/IBNS: A major political setback for Narendra Modi's BJP has business executives in the country furiously making calls, trying to better understand the impact on India’s economy and investment landscape following Modi’s failure to secure a supermajority for his BJP in the lower house of the Parliament.
PM Modi's smaller mandate can slow India's fiscal tightening: Moody's analyst
Jun 06, 2024, at 01:44 am
With Prime Minister Narendra Modi-led National Democratic Alliance getting a smaller mandate in the recently concluded Lok Sabha elections, reforms that could have potentially facilitated aggressive fiscal consolidation might face obstruction, an analyst at Moody's Ratings said on Wednesday.
Volvo Car India surpasses 1000 EV deliveries
Jun 05, 2024, at 10:58 pm
Kolkata/IBNS: Volvo Car India on Wednesday (June 5) announced that the company has crossed the milestone of delivering over 1,000 electric vehicles (EVs).
Adani Group stocks continue to suffer losses, down up to 14%
Jun 05, 2024, at 07:16 pm
Mumbai/IBNS: Adani Enterprises, Adani Ports, Adani Energy Solutions and other Adani Group stocks declined up to 14 percent on Wednesday (June 5), extending their sharp fall from previous session after Lok Sabha election results were declared, reports said.
Sensex, Nifty recover after posting worst day in 4 years as poll verdict anxiety eases
Jun 05, 2024, at 06:01 pm
Mumbai/IBNS: Indian benchmark equity indices recovered on Wednesday (June 5) after posting their worst day in over four years in the previous session as Narendra Modi's BJP and its allies (NDA) secured lesser seats in the Lok Sabha election results declared on Tuesday (June 4).
IATA to hold its AGM in Delhi in 2025
Jun 05, 2024, at 07:26 am
New Delhi: In a show of faith in India's advancing position in global aviation, New Delhi is set to host the 81st Annual General Meeting (AGM) of the International Air Transport Association (IATA) next year, media reported.
Indian govt 10-yr-bond yields witness biggest surge in 8 months on poll results: Report
Jun 04, 2024, at 09:44 pm
Mumbai: Indian government bond yields experienced a significant increase, particularly the 10-year benchmark bond yield, which recorded its biggest surge in eight months, reported Reuters.
Stocks to invest after Lok Sabha Elections 2024 results: Report
Jun 04, 2024, at 09:11 pm
Mumbai: As all eyes are set on the final results of Lok Sabha elections 2024, market strategists are working on investment plans for investors in the light of likely outcomes.
Stock market: Investors lose Rs 36 lakh cr as counting paints dismal picture for NDA
Jun 04, 2024, at 08:31 pm
Mumbai: As trends in election results continue to defy exit poll predictions, the Indian share market fell sharply this morning, wiping out Rs 36 lakh crore in just three hours, showed real time data.
Adani Group stocks report sharp losses as election trends defy exit poll predictions
Jun 04, 2024, at 07:20 pm
Mumbai: Adani Group stocks witnessed a massive drop of nearly 18 percent on Tuesday, taking a big hit after experiencing substantial gains in the last couple of trading sessions.
Sensex, Nifty down 2% each at open as counting of votes for Lok Sabha polls begins
Jun 04, 2024, at 03:35 pm
Mumbai/IBNS: Indian benchmark indices opened in the red on Tuesday (June 4) as the counting of votes for Lok Sabha election begins with BJP-led NDA taking lead in the early trend, reports said.
RBI says 97.82 per cent of Rs 2000 currency notes received by govt, Rs.7755 crore still with public
Jun 03, 2024, at 11:59 pm
The Reserve Bank of India on Monday announced the government has received 97.82 per cent of Rs 2000 currency notes that were in circulation as on May 31, 2024.
Jun 03, 2024, at 11:09 pm
Mumbai: Monday's trading session concluded with the benchmark equity indices recording gains. The NSE Nifty 50 surged by 733.20 points or 3.25% to settle at 23,263.90, while the BSE Sensex soared by 2507.47 points or 3.39% to 76,468.78.
India's manufacturing growth slowest in 3 months due to intense heat wave in May
Jun 03, 2024, at 10:47 pm
New Delhi: India's manufacturing sector experienced a slowdown in May, reaching a three-month low, due to an intense heatwave that disrupted production volumes, resulting in a more moderate increase in new orders and output. Despite this, the sector continued to operate in expansionary territory during May, according to a survey.
State Bank of India becomes 7th Indian listed company with market cap of Rs 8 lakh cr
Jun 03, 2024, at 09:34 pm
Mumbai: State-run lender State Bank of India has become the seventh Indian listed company to surpass a market capitalization of Rs 8 lakh crore.
Nifty, Sensex rise over 3%; Volatility Index falls to 20%
Jun 03, 2024, at 08:33 pm
Mumbai: Markets rode a wave of optimism with both Nifty and Sensex rising over 3 percent around noon on June 3. The rally in the Indian markets kicked in after exit polls on June 1 predicted a decisive win for the NDA government, media reported.
FPIs may cut bearish bets, releasing bulls on D-Street today following BJP’s exit poll surge
Jun 03, 2024, at 08:29 pm
Mumbai/IBNS: Traders and experts predict that overseas investors, known as Foreign Portfolio Investors (FPIs), will reduce their negative bets on the stock market on Monday (June 3) after the exit polls released on Saturday (June 2) indicated a strong performance by the Bharatiya Janata Party (BJP) in the national elections, reports said.
Investor wealth shoots by Rs 12.48 trillion in Monday morning trading sessions
Jun 03, 2024, at 07:16 pm
Mumbai: Investors saw their wealth swell by Rs 12.48 trillion during Monday morning's trading session as the benchmark equity index, Sensex, reached an all-time high, reported media.
Adani Group stocks surge, adding Rs 2.6 lakh crore in two sessions
Jun 03, 2024, at 06:39 pm
Mumbai: Adani Group stocks continued their upward momentum for the second straight session on Monday, reflecting the bullish trend in Indian equities, following exit polls predicting the return of Narendra Modi as Prime Minister of India.
Amul hikes milk prices by Rs 2/lt across all variants with effect from today
Jun 03, 2024, at 06:06 pm
Ahmedabad/IBNS: The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets its dairy products under the brand name 'Amul', on Sunday (June 2) hiked the prices of milk by Rs 2 per litre across all variants, reports said.
Sensex shoots up by 2,000 points after exit polls show Modi's landslide victory in Lok Sabha polls
Jun 03, 2024, at 03:59 pm
Mumbai/IBNS: The Indian stock market zoomed past by 2,000 points since the morning bell on Monday, in tune with the exit polls showing the return of the Modi government with a landslide victory in the Lok Sabha polls.
Lok Sabha 2024: Post exit poll predictions, healthcare sector expects bigger push in Modi 3.0
Jun 03, 2024, at 02:44 am
New Delhi: After the seventh and final phase of voting in the 2024 Lok Sabha elections, exit polls have forecasted a third term for the National Democratic Alliance (NDA) led by the Bharatiya Janata Party (BJP).
Jun 02, 2024, at 11:45 pm
Mumbai: Market veteran Sushil Kedia, who has been bullish on a third term for NDA, feels that the actual poll verdict might surpass the predictions and anticipates an "explosion" in the market, with almost all stocks rallying, but opines that the subsequent phase would be driven by stocks that have underperformed so far, media reported.
Jun 02, 2024, at 10:12 pm
Mumbai: With all eyes trained on the Lok Sabha Election results, illegal betting in grey markets have garnered attention with their survey predictions, especially now when their calculations have fallen in line with those of exit polls, according to media reports.
Gautam Adani replaces Mukesh Ambani as Asia's richest man on Bloomberg Billionaires Index
Jun 02, 2024, at 08:42 pm
Mumbai: Billionaire Gautam Adani has reclaimed the title of Asia’s richest person from Reliance Industries Chairman Mukesh Ambani, according to the Bloomberg Billionaires Index.
Tesla investor sues Elon Musk for alleged $7.5 billion insider trading
Jun 01, 2024, at 11:34 pm
Delaware/IBNS: Tesla CEO Elon Musk has landed in yet another controversy as he has been named in a shareholder lawsuit for allegedly being involved in $7.5 billion insider trades at the electric car manufacturer, reports said.