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NEWS. Stock Market NEWS Updated Daily

NEWS. Stock Market NEWS Updated Daily

This NEWS section covers current news for stock markets. To view latest news about specific stocks, please browse to the desired stock pages. Click one of the exchanges in the menu above and then use the search box to find your desired stock.

NEWS. Stock Market NEWS Updated Daily

Stride Ventures closes Fund III at 5 mn, portfolio showcases top cos

This third fund has garnered strong support from a diverse mix of investors, including insurance companies, family offices, corporate treasuries, and high-net-worth individuals (hnis)
Tag: Company India    Source: business-standard.com   Dated: 2024-05-02

Fed cites lack of progress on inflation, holds rates steady

Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% - where it's been since july - following a slew of data that pointed to lingering price pressures in the us economy.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-05-02

Think twice about selling in May and going away

But some investors might be tempted to consider selling this time as the general elections are feared to induce sharp swings in equities. investors are also growing nervous about the us federal reserve delaying interest rate cuts as expected by the financi
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-05-02

Currency derivatives volumes dry up ahead of RBI deadline

Average daily turnover for currency futures and options, including notional turnover for currency options, on the country's largest stock exchange was at ₹20,646.06 crore in april, registering a decline of 87% from ₹1.56 lakh crore in march, exchange d
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-05-02

Gift Nifty futures volumes soar 25% in 4 months to billion in April

This marked a 25% increase compared to december turnover, contrasting with a 7% growth in nifty futures turnover on the nse during the same period.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-05-02

India could allow a tiny window in the Chinese wall

In the wake of border tensions, the indian government has been looking askance at investments by chinese companies in india. press note 3 norms issued in 2020 stipulated that a company based in a country that shares a land border with india (such as china)
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

With content king, creators trying hard to be kingmakers this Lok Sabha elections

Over the last few months, youtube has been populated with videos of creators such as ranveer allahbadia (more popularly, beerbiceps) chatting with senior leaders including s jaishankar and nitin gadkari of the bjp, in addition to opposition leaders like at
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

IRDAI nod likely soon for IIHL's buyout of Reliance Capital's three insurance arms

Irdai expected to approve indusind international holdings' acquisition of reliance capital's 3 insurance companies. nclt endorsed iihl's ₹9,650 crore resolution plan for reliance capital. hinduja group's aasia enterprises aids in equity infusion.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

Bank deposit rates rise, but yet to fully reflect repo hike

Regulator-market discord on rate transmission persists. fresh term deposits show full 2.5% repo rate hike. interest margins squeezed, wadtdr at 6.62% in march. walr for commercial banks at 9.37%.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

Lenders seek RBI clearance to sell Jaiprakash Associates loan to NARCL

Sbi-led lenders seek rbi approval to transfer jal's ₹18,000 crore debt to narcl for a ₹10,000 crore acquisition, impacting ibc processes and nclt resolutions. dalmia cement offers ₹5,666 crore for jal's units amid ongoing litigations.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

Biz, trade caught between cyber cops & banks

Restaurants, retailers, small traders, companies face frozen funds due to cybercrimes. urging action from finance ministry, leas, police. i4c initiative tackles cybercrimes. banks, leas face frozen funds challenges.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

New policy to promote critical minerals in works: Mines Secy

India relies heavily on imports for meeting its requirement for critical minerals such as lithium, niobium and rare earth elements. these minerals find application in new-age technologies such as those used in electric vehicles. pharmaceuticals and defence
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

Offline smartphone sales surge in March quarter as buyers seek premium feel

Rising offline sales come amid strong demand for premium handsets where the touch-and-feel experience is crucial for customers before purchasing, say experts. offline stores are also offering a bouquet of financing options such as no-cost monthly instalmen
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

A home away from home? Travellers take to the hills to beat summer heat

Villas continue to be the dominant preference driver in the homestays, alternative accommodation category experiencing significant growth this summer, said makemytrip co-founder and group ceo rajesh magow. "leading the surge are prime leisure destinations
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

New York Life Insurance to buy 49 per cent stake in two commercial projects of Max Estates

New york life insurance co. invests ₹388 crore for 49% stake in max estates' commercial projects in delhi and noida, expanding to all projects in delhi-ncr. they now own 49% of max tower, max house, and more.
Tag: Industry India    Source: indiatimes.com   Dated: 2024-05-02

Bitcoin slide: A cause for concern or a buying opportunity?

The cryptocurrency is down 14 per cent in april, the most since it slumped 16 per cent in november 2022
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Rising threshold for large, midcaps supports noise for tweak in methodology

Sebi has received a lot of feedback on tweaking the approach for the categorisation of stocks and soon the regulator could announce a new methodology
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Reduction in face value of corporate bond to deepen debt market: Experts

Sebi to reduce the face value of corporate bonds from rs 1 lakh to rs 10,000 is expected to make bond investments more appealing
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

IL&FS MF pays Rs 600 crore to debt infra investors; makes timely redemption

Il&fs mutual fund on wednesday said it has paid a little over rs 600 crore to investors in its infrastructure debt fund. the debt scheme -- il&fs infrastructure debt fund series 1c-- was redeemed on due date on april 30, making it a timely redemption, acco
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

FPIs withdraw Rs 8,600 crore from equities in April on Mauritius tax treaty

After infusing money for two straight months, foreign investors turned net sellers in april with the dumping of indian equities worth rs 8,700 crore on concerns over a tweak in india's tax treaty with mauritius and a sustained rise in us bond yields. this
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Crypto washout sends Bitcoin below ,000 ahead of Fed's decision

The value of the world's most traded cryptocurrency fell by nearly 16% in april, as investors booked profits on a sizzling rally that has taken the price to record highs above ,000
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Blackstone-backed Aadhar Housing Finance's Rs 3,000 cr IPO to open on May 8

The initial share-sale will conclude on may 10 and the bidding for anchor investors will open for a day on may 7, according to the red herring prospectus (rhp)
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Sebi bans Manpasand Beverages, 3 top officials from market for 3 years

Markets regulator sebi has barred manpasand beverages ltd (mbl) and its three top officials from the securities markets for three years and imposed a penalty totalling rs 68 lakh on them for manipulating and mis-stating the company's financial statement. i
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Sebi makes nominations optional for jointly-held mutual fund accounts

Capital markets regulator sebi on wednesday made the nomination optional for jointly-held mutual fund accounts in a bid to promote ease of doing business. additionally, sebi allowed fund houses to have a single fund manager to oversee commodity and foreign
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Gold price falls Rs 10 to Rs 72,590, silver falls Rs 100 to Rs 83,400

The price of 22-carat gold also declined by rs 10, with the yellow metal selling at rs 66,540
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Binance founder Changpeng Zhao sentenced to four months in prison

Zhao pleaded guilty in november for failing to implement an adequate money laundering program at binance
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

May 1 holiday: Are Indian stock markets NSE, BSE open today for trading?

In may, both the bombay stock exchange (bse) and the national stock exchange (nse) will be closed for two days
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-05-01

Airtel appoints Ambareesh Mandelia as head of M&A, business development

Bharti airtel on wednesday said it has appointed ambareesh mandelia as head of m&a and business development. before joining airtel, mandelia was heading the corporate health and wellness business units at tata 1mg, along with corporate strategy. "ambareesh
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

IndiGo gets demand notice over FY19 input tax credit discrepancies

Indigo has received a tax demand following the rejection of an input tax credit that was availed by the company in 2018-19. in a regulatory filing on wednesday, the company said it has received a "demand of rs 31,240, including tax of rs 21,240 and penalty
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Transfer of baton: New-gen leaders to take the reins as Godrej group splits

Each family may sell the shares it holds personally and/or via trusts to the other family in tax-neutral transactions
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Godrej Industries to be main holding company for Adi-Nadir Godrej family

Godrej industries holds 64.9 per cent stake in godrej agrovet, and 23.7 per cent stake in godrej consumer products, and 47.3 per cent stake in godrej properties
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Netweb Technologies Q4 results: Net profit up around 3-fold at Rs 29.6 cr

Domestic computer server maker netweb technologies posted a nearly three-fold jump in its net profit to rs 29.6 crore in the fourth quarter ended on march 31, 2024, on account of a boom in demand for artificial intelligence-based solutions. the company had
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

RailTel signs MoU with tech firm for KAVACH implementation projects

The railways on wednesday inked an agreement with a tech firm for "exploring and delivering" train collision avoidance system kavach implementation projects in india as well as other countries, according to a statement. the memorandum of understanding (mou
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Multi-billion dollar Godrej family split may not attract tax, say lawyers

A family settlement is defined as an arrangement between members of the family with the intent to avoid disputes
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Meat startup Licious eyes IPO in 24 months, 500 stores in 5 years

The meat and seafood startup is looking to achieve ebitda profitability by march this year
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

In talks with Vodafone Idea, hopeful of recovering dues soon: Indus Towers

Indus towers is keen on servicing vi's expected 4g expansion and 5g rollout
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Maruti Suzuki expects reincarnation of small car segment by 2026-end

Maruti suzuki india expects a revival of the small car segment in the domestic market by 2026-end or 2027, after suffering from affordability issues and onslaught from suvs, according to a senior company official. the small car segment, which had once dom
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

DGCA deregisters all 54 aircraft leased to Go First after Delhi HC order

The delhi high court, on april 26, directed the dgca to deregister planes leased to go first within five working days, providing much-needed relief to the lessors
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Adi-Nadir Godrej family makes open offer to acquire Astec Lifesciences

To acquire 20.84% stake in godrej industries from jamshyd godrej family
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Delhi bound Vistara flight makes emergency landing at Bhubaneswar airport

A flight from bhubaneswar to new delhi returned minutes after take-off and made an emergency landing after the aircraft was caught in a hailstorm and suffered damage on wednesday, an official said. the 169 passengers and crew on board are safe. the new del
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Adani Power Q4 result: Net profit down 48% at Rs 2,737 cr, revenue up 30%

Adani portfolio of companies will continue to provide innovative, reliable, and scalable solutions to support the nation's economic growth, says gautam adani
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Vedanta Group planning to invest bn in India in 4 years: Anil Agarwal

The vedanta group is targeting an investment of usd 20 billion across all its businesses in india over the next four years, its chairman anil agarwal said on wednesday. the investments will be focused on technology, electronics, and glass businesses apart
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Section of A-I Express staff flag concerns, allege mismanagement at airline

A grouping of air india express cabin crew has alleged that the airline is being mismanaged and there is a lack of equality in the treatment of the staff. the airline is part of the tata group and is in the process of merging aix connect (formerly airasia
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Adani Wilmar Q4 results: Net profit increases 67% to Rs 156.75 crore

The company's total income fell to rs 13,342.26 crore in the january-march period of the last fiscal year from rs 14,185.68 crore in the year-ago period, according to a regulatory filing
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

ITC's Fortune Hotels targets opening a new hotel every month this fiscal

Fortune hotels, a member of itc's hotel group, is planning to open a new hotel every month in the current financial year, the company's managing director samir mc said on wednesday. in an interview to pti, samir shared the expansion plans of fortune hotels
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Tally expects 30-40% revenue growth in FY25; to expand overseas footprint

Homegrown accounting software firm tally solutions looks to expand its footprint in the middle east, southeast asia and africa and expects revenue growth of 30-40 per cent this financial year, a senior company executive has said. "currently, we provide acc
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Airtel Xstream Play strengthens regional library; teams up with Sun NXT

Bharti airtel on wednesday announced that airtel xstream play, the ott aggregator service with over five million paid subscribers has strengthened the regional content library by partnering with sun nxt. sun nxt is the video streaming platform, owned and o
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Five Star Business Finance Q4 results: PAT up 40% to Rs 236 crore

Non-banking finance company five-star business finance ltd has recorded a 40 per cent rise in its profit after tax for the january-march 2024 quarter at rs 236 crore. the city-based company had registered a profit after tax at rs 169 crore during the corre
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

TVS Motor sales rise 25% to 383,615 units in Apr, Motorcycle sales up 24%

Tvs motor, which manufactures two-wheeler and three-wheeler vehicles, has registered a 25 per cent growth in sales in april, having sold 3,83,615 units this year compared to 3,06,224 units during the same month last year, the company said on wednesday. sal
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Jindal Stainless to invest Rs 5,400 crore to expand capacity, says MD

Jindal stainless ltd (jsl) will invest rs 5,400 crore to expand capacity to 4.2 million tonne per annum, the company's managing director abhyuday jindal said on wednesday. the investments will be made during the next two years, jindal said, while addressin
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Mubadala, Warburg in talks with Shriram Finance to buy stake in SHFL

Shriram finance on tuesday confirmed that it is looking to unlock value in the housing finance arm (shfl) to secure growth capital.
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

YES Bank receives GST demand orders levying penalty worth Rs 6.87 lakh

Yes bank on wednesday said it has received two gst demand orders, which levied a penalty of over rs 6.87 lakh. the penalty levied by the manipur and punjab gst departments amounts to rs 5.05 lakh and over rs 1.81 lakh, respectively. "the bank has received
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Godrej Group division: Here's a look at 127-year-old history of the company

From steel locks to cinthol soap, here is a look at the group that once played a role in the swadeshi movement
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Tata Motors receives tax demand of nearly Rs 25 cr; plans to file appeal

Tata motors ltd on wednesday said it has received a tax demand of nearly rs 25 crore, including penalty and interest, from authorities on account of short payment of tax and excess availment of credit. an order was passed on april 30, 2024, by the sales ta
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

VE Commercial Vehicles total sales decline 18.1% to 5,377 units April

Eicher motors ltd on wednesday said its arm ve commercial vehicles ltd posted an 18.1 per cent year-on-year decline in total sales to 5,377 units in april 2024. ve commercial vehicles (vecv) -- a joint venture of the volvo group and eicher motors -- sold 6
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Coal India production increases 7.3% to 61.8 million tonnes in April

State-owned cil on wednesday said its production increased 7.3 per cent to 61.8 million tonnes (mt) in april. the company had produced 57.6 mt of coal in the corresponding month of the previous fiscal, coal india ltd (cil) said in a filing to the bse. cil
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

APSEZ becomes India's 1st large-sized pvt infra developer to get AAA rating

Adani ports and special economic zone (apsez) on wednesday said it has secured an aaa rating by care ratings. with this development, the company has become the first large-sized private infrastructure developer to get this recognition, apsez said in a stat
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Ambuja Cements Q4FY24 results: Net profit surges 64% to Rs 1,055 crore

Ambuja cements' revenue from operations increased by 11.64% to rs 8,893.99 crore in q4, compared to rs 7,965.98 crore reported in the year before
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

Micron Tech's India-made semiconductor chips set for global debut in 2025

Demand, pricing, customer need will determine the specific allocation of the chips, says company's senior executive
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

G&B-Godrej Properties partnership to continue for Vikhroli land development

Godrej & boyce and godrej properties on wednesday said they would continue their association for land development at vikhroli in mumbai, a day after the founding family of the godrej group announced an amicable split of the conglomerate. in a joint stateme
Tag: Company India    Source: business-standard.com   Dated: 2024-05-01

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