Equity indices Sensex and Nifty drop nearly 1% as investors sell bank and IT stocks before earnings season Benchmark stock market indices saw a volatile session as Sensex, Nifty ended the week falling nearly 1% on Friday. The major laggards that pulled the market down were shares in the IT, banking, financials and…
In 2024, e-commerce giants Amazon and Flipkart joined the fray, while domestic players such as Myntra, Nykaa, and Reliance Retail piloted faster delivery services. Quick commerce firm saw their sales soaring to unprecedented levels in December 31. However, industry leaders anticipate a tough road ahead in 2025 as competition intensifies and market…
Buying interest in select heavyweights such as Infosys Ltd, Mahindra & Mahindra (M&M), Bajaj Finance, Maruti Suzuki India, Kotak Mahindra Bank, Reliance Industries Ltd and Bajaj Finserv lifted the indices higher. Domestic equity benchmarks rose sharply in afternoon deals on Thursday, extending their gains for the second consecutive session of calendar year 2025. The surge…
During the month under review, GST from domestic transactions grew 8.4 percent to Rs 1.32 lakh crore, while revenues from tax on imports rose about 4 percent to Rs 44,268 crore. During the month, refunds worth Rs 22,490 crore were issued, registering 31 percent increase over the year-ago period. The gross GST collection rose…
Air India has launched Wi-Fi internet connectivity on its domestic and international flights, becoming the first airline in India to offer in-flight Wi-Fi. Available on Airbus A350, Boeing 787-9, and select Airbus A321neo aircraft. Imagine posting stunning aerial views to your social media in real time, catching up on emails, or streaming…
Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, expects retail participation to grow further in the upcoming calendar year 2025. “Regulators have been taking adequate measures proactively to safeguard the interest of retail investors from time to time. We still remain confident of greater participation from retail investors in times to come due to…
As the year 2024 is going to wrap up, many in the financial world might be wondering if the IPO fever will continue into 2025. The year 2024, made many excitement in India’s IPO market with massive listings such as Hyundai Motor India, Bajaj Housing Finance, and Ola Electric setting new records. But…
Corporate earnings, ongoing global economic slowdown, FII outflows, General Election 2024 and Union Budget 2024 were some of the key factors, which affected the market sentiment this year. The Indian equity market faced several key events in the year 2024. Corporate earnings, ongoing global economic slowdown, FII outflows, General Election 2024 and Union Budget 2024…
Adani Enterprises is selling a total of 44% stake in the JV, and Wilmar International will acquire up to 31% in it. Adani’s nominee directors will be stepping down from the board and shareholders will be changing the name of the company. Adani Enterprises (AEL) has fully exited the Adani Wilmar JV,…
BSE Sensex mirrored the optimism of the immediate post-liberalisation period, climbing around 263% in 1991-92 to 4,500 points. As the nation pays homage to Manmohan Singh, the architect of India’s liberalisation, market analysts acknowledge his contributions, which have generated immense wealth for investors since 1991. Singh served as India’s finance minister from…