Walmart-owned Flipkart’s Sriram Venkatraman to quit as group CFO ahead of planned IPO

Venkatraman, who joined the e-commerce major in 2015, he has been reducing operational involvement over the past six months or so, sources told . Sriram Venkatraman is stepping down from his position as group chief financial officer (CFO) at Flipkart ahead of the company’s planned initial public offering (IPO), the e-commerce major announced on March…

NSE IPO: Sebi issues no-objection certificate

Sebi’s NoC puts an end to nine years of waiting for NSE’s initial public offering (IPO). The Securities and Exchange Board of India (Sebi) has issued a no-objection certificate (NoC) for the public listing of National Stock Exchange of India Ltd (NSE), according to two people familiar with the matter. The development puts an end…

Maruti Suzuki plans phased localisation of EV components in next few years

  The auto major aims to drive in multiple electric models across bodystyles and set up charging infrastructure across the country as it looks to attain leadership in the segment   Maruti Suzuki India plans to localise battery production and other critical components over the next few years as part of strengthening the overall EV…

Indian rupee hits record low of 89.46 against US dollar on high greenback demand

With this fall, the local currency is down by 0.86 percent against the US dollar as compared to November 20. Indian rupee has seen a biggest intra-day fall of 67 paise, which is highest since May 8, 2025, when it depreciated 89 paise.   Indian rupee hit a record low during the afternoon trade on…

Nifty 50 seen hitting 26,800 by March in Goldilocks scenario, says Axis Securities; shares top 15 stock picks

Axis Securities predicts a potential Nifty 50 target of 26,800 by March 2026, contingent on favorable market conditions. The firm highlights 15 stocks across various market caps for investors, reflecting confidence in India’s long-term growth trajectory amidst evolving economic conditions. The Nifty 50 could touch 26,800 by March 2026 in a Goldilocks scenario of an…

Sensex snaps 8-day losing run, Nifty tops 24,800 as RBI keeps policy rates unchanged

Investors’ wealth rose by more than Rs 3 lakh crore as the overall market capitalisation of BSE-listed firms surged to Rs 455.57 lakh crore from Rs 452.23 lakh crore on Tuesday, September 30. After eight straight sessions of losses, domestic equities finally staged a rebound on Wednesday. Both Sensex and Nifty closed higher as the…

NIFTY

Technical View: Bulls may charge up further if Nifty decisively closes above 22,750

The weekly options data indicated that the Nifty may trade in the range of the 22,000-23,000 zone in the short term The Nifty 50 gained strength in late morning deals after volatility and closed nearly 1 percent higher, extending its northward journey for the second consecutive session on March 6. With Thursday’s rally, the index…