Top India NEWS. Stock Market NEWS Updated Daily

Top India NEWS. Stock Market NEWS Updated Daily

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Top India NEWS. Stock Market NEWS Updated Daily

Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets

Investors richer by Rs 110.57 trn so far in 2024 amid high rally in markets

Investors' wealth surged by a whopping rs 110.57 lakh crore so far this year, driven by a remarkable rally in the stock market, where the benchmark indices shattered many records. the market capitalisation of bse-listed firms soared rs 110,57,617.4 crore t
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-10-02

Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1

Stock brokers to offer UPI-based fund blocking or 3-in-1 account from Feb 1

Starting february 1, qualified stock brokers will have to either offer the facility of trading in the secondary market using the upi-based block mechanism to their clients, similar to the asba facility, or a three-in-one trading account facility, a move th
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-10-02

Gold price slipped Rs 10 to Rs 76,900, silver falls by Rs 100 to Rs 94,900

Gold price slipped Rs 10 to Rs 76,900, silver falls by Rs 100 to Rs 94,900

The price of 22-carat gold also fell by rs 10, with ten grams of the yellow metal selling at rs 70,490
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-10-02

Chris Wood trims India exposure; says geopolitics biggest risk to markets

Chris Wood trims India exposure; says geopolitics biggest risk to markets

A deterioration in the geopolitical situation is the biggest risk to global equity markets, wood said, which he believes is not yet fully discounted by them
Tag: Business Markets India    Source: business-standard.com   Dated: 2024-10-02

Samsung India workers observe one-day token fast near Chennai factory

Samsung India workers observe one-day token fast near Chennai factory

Workers of samsung india electronics ltd on wednesday observed a token fast near the factory here on wednesday, as part of intensifying their ongoing protest which entered the fourth week. centre of indian trade unions (citu) which is spearheading the prot
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Adani's airport project spark protests, lawsuits, hearings in Kenya

Adani's airport project spark protests, lawsuits, hearings in Kenya

Adani would also be allocated land to build hotels and businesses to compliment the airport, as well as being granted favorable tax treatment from the kenyan government
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

CCI approves Mankind Pharma's purchase of Bharat Serums for .6 bn

CCI approves Mankind Pharma's purchase of Bharat Serums for .6 bn

Mankind pharma, which has brands including manforce condoms and prega news pregnancy tests, signed an agreement to acquire bharat serums
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Dr Reddy's, Hetero sign voluntary licenses with Gilead for HIV drug

Dr Reddy's, Hetero sign voluntary licenses with Gilead for HIV drug

Gilead sciences first launched lenacapavir under the brand name sunlenca in the united states and european markets in 2022. it is a first-in-class hiv-1 capsid inhibitor
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Hindustan Zinc Q2 mined metal production rises by 2% to 256,000 tonnes

Vedanta group firm hindustan zinc on wednesday said its mined metal production in the second quarter of this fiscal year rose by two per cent to 2,56,000 tonnes. the company's mined metal output was 2,52,000 tonnes in the year-ago period, hindustan zinc sa
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Dr Reddy's ties up with Gilead to manufacture, commercialise HIV drug

Dr reddy's laboratories on wednesday said it has tied up with gilead sciences for the manufacture and commercialisation of the hiv drug lenacapavir in india and 120 other countries. the company has entered into a royalty-free non-exclusive voluntary licens
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Asus powers up, AI-powered PCs to drive 5-10% of shipments by November

Asus holds the fifth spot in the indian pc segment, with a market share of 7.1 per cent during q2 this year, down slightly from 7.3 per cent in the year-ago period, as per idc
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Toyota Motor plans to invest 0 mn in electric air taxi company

The japanese automaker's new funding is on top of 4 million in prior investments it made in joby and is part of a strategic alliance on commercial manufacturing
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Two-wheeler sales witness surge ahead of festival season in India

Major players record 9-26% increase on strong domestic demand
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Adani Group merges two energy infrastructure subsidiaries with ANIL

Adani group has merged two step-down subsidiaries with green hydrogen and wind turbine manufacturing firm adani new industries ltd, according to a stock exchange filing on wednesday. "adani infrastructure private limited and mundra solar technology limited
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Royal Enfield total sales increase 11% to 86,978 units in September

Motorcycle maker royal enfield on wednesday said its total wholesales increased 11 per cent year-on-year to 86,978 units in september. the company had dispatched 78,580 units in september 2023. in the domestic market, dispatches increased 7 per cent year
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

BP to continue with Ambani firm even after exclusivity with Reliance ends

Global supermajor bp plc's exclusivity with reliance industries ltd has ended but the energy giant will continue to pursue oil and gas as well as mobility ventures in india with the mukesh ambani firm owing to an unwritten strategic partnership, bp's outgo
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

IDBI Capital calls for bids on Rs 1,772 crore SBI-led highway bad loans

State-owned narcl has submitted an anchor bid of rs 300 crore for exposure, prompting a swiss auction scheduled for october 30
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

THDCIL to invest Rs 8,800 cr in pumped storage projects in Raj: CMD Vishnoi

State-owned thdcil has signed an agreement with the rajasthan government to set up 1,600 mw of pumped storage projects at an investment of rs 8,800 crore. the memorandum of understanding (mou) aims for the development of two pumped storage projects (psps)
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Zydus Lifesciences receives USFDA approval to produce prostrate cancer drug

Zydus lifesciences on wednesday said it has received approval from the us health regulator to produce a generic prostate cancer treatment drug. the company has received tentative approval from the us food and drug administration (usfda) to manufacture enza
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Anil Ambani's co partners DHI to set up 1.2 GW solar, hydro power in Bhutan

Partnership marks the group's maiden foreign venture
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Chhattisgarh's SECL plans to remove 2,200 mt of scrap under special drive

This will free up a huge amount of space, which can be reused. along with this, it will also generate additional revenue of about rs 10 crore
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Air India introduces new policy on room sharing, allowances for cabin crew

Air india is introducing a revised policy for the cabin crew members of domestic and international flights, wherein certain sections of the members will have to share rooms during layovers, according to a source. the revised policy will also be applicable
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Consolidated revenue growth in Q2 remained in high single-digits: Marico

Fmcg firm marico ltd on wednesday said its consolidated revenue growth in the july-september quarter remained in high single-digits, as higher realisations in the domestic business was offset by incremental currency headwinds in some overseas markets durin
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Air Kerala appoints seasoned aviator C S Randhawa as VP for operations

Startup carrier air kerala on wednesday said it has appointed seasoned aviator c s randhawa as vice-president for operations and aviation security expert ashutosh vashishth as vice-president for security. the kochi-based company, which received the civil a
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

SBI plans to add 600 branches in network during FY25: Chairman Setty

State bank of india (sbi) is planning to open 600 branches across the country in the current financial year in a bid to tap business opportunities in emerging areas including large residential townships. "we have strong branch expansion plans...this would
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

CIL plans to monetise 4 old washeries, aimed at long term supply contract

State-owned coa india ltd is exploring options to monetise its four old washeries by leasing out those assets and plans to bundle lease contracts with long-term coal supply agreements. the move aims at optimising asset utilisation. "we are exploring the mo
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

WJ Towell & Co raises claim in arbitration from Blue Star to Rs 461.74 cr

Air-conditioner maker blue star ltd on wednesday said oman's wj towell & co llc has increased claim to rs 461.74 crore from it in their ongoing arbitration proceedings at international chamber of commerce. in april this year wj towell & co llc (wjt) had fi
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Peak XV Partners cuts .8 bn fund by 16% on mkt valuation concerns

The firm underlined its long-term commitment to india and southeast asia, citing strong portfolio performance and an optimistic outlook for the region
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Vistara experience to remain; services to have 'AI2' prefix: Air India

Air india on wednesday said flights operated with vistara aircraft will have numbers starting with the prefix 'ai2' after the merger next month while vistara's planes, crew and service will continue to operate as before. the tata group-owned full service c
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Peak XV Partners slashes fees, reduces latest fund by 5 million

Move to reduce the fund and lower fees in prior funds is rare in asia, and underscores challenges of investing in india where valuations have expanded given robust market for initial public offerings
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

India M&As back in action, up 14% in the first nine months of 2024

Gujarat gas' acquisition of gujarat state petronet for billion was the third-largest acquisition in the country
Tag: Company India    Source: business-standard.com   Dated: 2024-10-02

Since the year pandemic hit, average daily UPI transactions up over 8x

In september 2024 alone, upi processed 15.04 billion transactions, valued at rs 20.64 trillion
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Reconstituted RBI MPC with 3 new members to begin maiden meeting on Mon

Newly reconstituted monetary policy committee of the reserve bank of india with three new appointed external members will commence its maiden meeting on monday. the outcome of the three-day meeting of the mpc would be revealed by mpc chairman rbi governor
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

BlackRock chases private credit deals across sectors in record India market

India is a bright spot for private credit in asia as prime minister narendra modi's ambitious growth targets and deregulation initiatives spur increased funding needs of local firms
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Finance ministry releases new norms for handling delayed tax refund claims

You will no longer need to approach higher authorities even if the tax amount increases
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

UK waiters to take home more cash as 'tipping laws' come into force

Under the new law, employees can take legal action through employment tribunals if their employer keeps any part of their tips
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

NBFC loan sanctions rise 12% in Q1FY25, home and auto loans drive growth

Satisfactory monsoon, soft rates to support growth in h2
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Mumbai realty registrations top 1 lakh in 2024; fastest pace in a decade

Properties priced at rs 2 crore and above made up 23 per cent of registrations in september 2024, up from 18 per cent in september 2023
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Buy base policy, super top-up from same insurer to simplify claims

The deductible is the amount paid through the base policy or out of pocket before the super top-up kicks in. a higher deductible reduces the premium
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Rs 60,000 cr investment opportunity by railways in Bengal, says Vaishnaw

Railway minister ashwini vaishnaw on wednesday announced that there is a rs 60,000-crore investment opportunity by the railways in west bengal. he highlighted that 61 projects are currently pending in the state due to issues related to the handover of land
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Mere issuance of SCN not enough to cancel GST registration, rules Delhi HC

The court ruled that tax authorities are required to present clear and intelligible reasons and offer an opportunity for a personal hearing when seeking to cancel gst registration
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

47.8 million immigrants in US, most from Mexico and India: Report

According to pew research centre report, mexico, china, and india are among the top birthplaces for immigrants residing in the us
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

PE investments in residential realty cross bn in first 9 months of 2024

Most of these investments were directed towards developmental assets, as institutional investors continue to partner with reputed developers in marquee residential projects.
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Planning to buy a home? Explore the best loan rates offered by banks

Interest rates depend on the customer's creditworthiness, loan amount, professional background, among other factors
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

20% TDS on mutual fund repurchases removed: Key tax changes from Oct 1

Tax deducted at source (tds) is a tax collection method where tax is deducted directly from the income source before it reaches the recipient
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Explained: Sebi's new asset class and how it can benefit HNI investors

The new asset class will fill the void between mutual funds and pms, providing investors with a viable option for investments between rs. 10 lakh and rs. 50 lakh.
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Unblocking inactive EPF account: What employees must do

An epf account is deemed inoperative if there have been no contributions for 36 consecutive months
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Explained: New rules for same-day stock settlement and impact on investors

The number of stocks eligible for t+0 settlement has been expanded from 25 to the top 500 stocks by market capitalization.
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Spend Rs 10,000 first: ICICI Bank updates debit card lounge access rule

Starting october 1, 2024, icici bank customers who spend rs. 10,000 in the preceding calendar quarter will receive two complimentary airport lounge accesses.
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

HDFC Bank introduces new reward point rules for certain cards from 1 Oct

Hdfc bank has implemented new reward point rules for certain credit cards effective from october 1, 2024.
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Your face could be your boarding pass: India plans biometric for foreigners

Currently, the digiyatra service is only available for domestic travellers in india at select airports
Tag: Finance India    Source: business-standard.com   Dated: 2024-10-02

Stock brokers to offer UPI-based fund blocking or 3-in-1 account to investors from Feb 1

A three-in-one trading account combines a savings account, a demat account, and a trading account into a single integrated solution. in this case, the clients would have their funds in their bank account, earning interest on the cash balances.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

D-Street investors richer by Rs 110.57 lakh crore so far in 2024 amid record-breaking rally in markets

The bse sensex jumped 12,026.03 points or 16.64 per cent so far in 2024, giving handsome returns to investors. the benchmark scaled its all-time peak of 85,978.25 on september 27, this year, breaching many milestones.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

S&P 500, Nasdaq hit two-week lows as caution reigns over Middle East tensions

Markets were wary as israel and the u.s. vowed to strike back after iran attacked israel on tuesday, following which the s&p 500 and the nasdaq logged their biggest one-day drops in nearly a month.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

Axis Bank to roll out AT-1 bond sale for a Rs 3,000-cr fundraise

The private sector lender had raised the funds at a coupon rate of 7.45%, debt capital market executives had said. the bond issuance had a base size of rs 2,000 crore and a greenshoe option of rs 2,000 crore.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

Cerebras reveals revenue surge in US IPO filing, aims to challenge Nvidia in AI chip market

Cerebras-ipo/ (update 3)update 3-cerebras reveals revenue surge in us ipo filing, aims to challenge nvidia in ai chip market
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

European shares defy global slump amid Mideast tensions, energy stocks jump

European shares rise, led by energy and defence sectors, amid escalating middle east tensions after iran's missile strike on israel. stoxx 600 climbs 0.3%, with energy sector up 2.4%, and defence firms like rheinmetall, saab, and bae systems gaining 2-3%.
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

Oil prices jump more than 3% as Middle East tensions escalate

Oil prices surged over 3% due to heightened middle east tensions after iran's significant military strike against israel. the potential for escalating conflict threatens oil facilities and critical supply routes, raising fears of further disruptions. opec+
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

Stocks stable, oil rises as wary investors eye Middle East hostilities

Stocks remained steady as geopolitical tensions in the middle east lifted oil prices nearly 3%. safe havens like government bonds and the dollar gained ground. u.s. job market data suggested a smaller fed rate cut while euro inflation trends indicated poss
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

Nike shares dip as forecast withdrawal worries investors about turnaround timeline

Nike shares fell by about 6% in premarket trading after the company withdrew its annual revenue target, creating uncertainty over its turnaround strategy under new ceo elliott hill. investors remain concerned as the company delayed its investor day, with n
Tag: Share Markets India    Source: indiatimes.com   Dated: 2024-10-02

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