High oil prices and weak monsoon, which will weigh on food prices, are likely to push up inflation, and in this backdrop, RBI may raise the repo rate by 25 bps each in October and December, feels D. K. Joshi, Chief Economist at Crisil Are you a home-loan borrower? Your interest rate may go up…
Despite robust GDP growth of 7.8%, India’s Nifty 50 index has plummeted 13% YTD, highlighting a stark divergence between economic strength and market performance. What explains it? Do the economy and markets go hand in hand? Mostly yes, but not always. There are times when the two can diverge, with the stock market moving in…
On September 28, the Indian stock market faced significant selling pressure, with indices dropping due to rising crude oil prices and global monetary tightening fears. The Nifty 50 fell 1.54%, closing below 23,000 for the first time since April, as multiple sectors showed losses. The Indian stock market came under severe selling pressure in Monday’s…
Sebi had sent show-cause notices to the companies in February 2024 for alleged lapses in disclosure of certain related-party transactions, highlighted in the Hindenburg report Five companies of the coal-to-port conglomerate Adani group have settled adjudication proceedings with market regulator Securities and Exchange Board of India (Sebi) for a cumulative amount of Rs 1.51 crore,…
The BSE Healthcare index rallied over 1% in Monday’s trade. Thus far in the financial year 2026-27, it outperformed the market by soaring 25%, against a near 4% rise in the BSE Sensex. BSE Healthcare index movement Shares of pharmaceutical companies were in demand with the BSE Healthcare index rallying over 1 per cent…
The NSE IPO opened for subscription on Thursday and will remain open till Monday, September 21. The exchange has set a price band of ₹1,700-1,785 per share. National Stock Exchange’s initial public offering sailed through on the second day of bidding process on Friday. As of 3.45 PM, the IPO was subscribed 1.03 times as…
Gross direct tax collections grew 15.19% to ₹14.32 trillion a year earlier. Net corporate tax collections, after accounting for refunds, increased 19.48% New Delhi: Net direct tax collections rose 12.96% year-on-year to ₹12.12 trillion as of 17 September of fiscal year 2027, as per the income-tax department’s provisional data released on Friday. Gross direct tax…
Shares of Puravankara rose nearly 4% to ₹218 following the acquisition of redevelopment rights for three societies in Goregaon West, Mumbai, with a project potential of 1.05 million sq. ft. and a GDV of ₹2,600 crore, strengthening its market position. Shares of real estate developer Puravankara closed nearly 4% higher in Thursday’s trade on 17…
India’s appeal to global fund managers is weakening amid muted corporate earnings and the lack of a major AI investment theme, pushing foreign ownership of NSE-listed companies to a 17-year low When Reed Capital Partners, a multifamily office, wanted to trim its equity exposure about a month ago, it chose to entirely exit its…
Hindustan Copper, Hindustan Zinc, GMDC, and Vedanta are among the key metal stocks poised to benefit from India’s critical minerals drive. As demand for EVs and renewables rises, these companies are strategically positioned in the market. Hindustan Copper, Hindustan Zinc, Gujarat Mineral Development Corporation Limited, and Vedanta are among the top metal companies that may…