According to analysts, the Nifty remains a ‘buy on dips’ as long as it holds above the 24,850 level, with potential upside targets seen up to 25,800. The equity benchmark indices rebounded sharply on Friday, snapping a three-day losing streak, led by gains in financial, telecom and technology shares amid a drop in global crude…
Amazon has announced plans to invest around ₹2,000 crore ($233 million) in India in 2025, to scale up its logistics and delivery infrastructure, improve service speed and reliability, and enhance the welfare of its employees and delivery partners, the e-commerce giant said on Thursday. The investment will go towards Amazon India‘s new fulfilment centres, sortation…
Vedanta Ltd is set to divest shares worth up to ₹7,500 crore in Hindustan Zinc Ltd through block deals, with the sale likely priced at a discount of up to 10% from the stock’s last closing value. Hindustan Zinc, once a state-owned enterprise, is now a key subsidiary of Vedanta Ltd and India’s largest…
The National Stock Exchange (NSE) has received Sebi’s approval to shift its expiry day to Tuesday for equity derivatives contracts, while the BSE has been assigned Thursday as its expiry day, the exchanges announced. This marks a swap from the current schedule, where NSE conducts F&O (Futures & Options) expiry on Thursdays and BSE…
China will supply rare earths and magnets upfront to the U.S. under a new trade deal announced by President Donald Trump. The agreement, still pending final approval, also includes U.S. concessions like easing restrictions on Chinese students. The agreement was reached after two days of rigorous discussions and expands on the agreement made during…
Online food delivery by Zomato and Swiggy is a decade-old story, and now offers stable take rate, with 5 per cent adjusted Ebitda targeted in the near-term. Rapido’s entry into the food delivery space, cross-utilising its 40 lakh rider network to best-use idle slots, at virtually zero incremental capex, is seen as threat to…
The India VIX, the fear factor turned more supportive for bulls and it fell by 4.61 percent to 14.02 levels, the lowest level since April 4. Nifty Trend The Nifty 50, as expected, reached 25,200 levels in early trade but could not sustain for long as profit booking pulled down the index to finish flat…
Top gainers: Top gainers on Sensex were Kotak Bank, Bajaj Finance, Axis Bank, IndusInd Bank, PowerGrid, Maruti and Bajaj Finserv shares, rising up to 3.19%. Benchmark indices Sensex and Nifty closed higher for fourth straight session as rate sensitive shares extended gains triggered by 50 bps repo rate cut last week. Nifty closed at…
The approval positions Starlink alongside OneWeb and Reliance Jio as India’s authorised satellite internet providers, with commercial rollout expected after spectrum allocation. Elon Musk’s satellite internet venture, Starlink, has received a key regulatory clearance from the Department of Telecommunications (DoT), Government of India, bringing it closer to launching its services in the country. With…
Lower repo rate means cheaper loans for homebuyers, auto buyers and businesses RBI’s bigger-than-expected rate cut is its last move for the year, economists say: Reuters poll Reserve Bank of India on June 6 announced reduction in its key repo rate by a larger-than-expected 50 basis points and this means good news for many sectors, including stock…