Jio Financial Services (JFS), the financial arm of Indian conglomerate Reliance Industries, is set to be listed on the stock exchanges on August 21, per a stock exchange circular on Friday. Billionaire Mukesh Ambani’s Reliance hadlast monthspun off JFS, with the market ascribing a valuation of around $20 billion. Ambani has said Jio Financial Services […]
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Stocks To Watch: Reliance Industries, Shoppers Stop, Bharti Airtel, Suzlon Energy, Vodafone Idea, PaytmStocks To Watch: Reliance Industries, Shoppers Stop, Bharti Airtel, Suzlon Energy, Vodafone Idea, Paytm
Stocks in focus: GIFT Nifty traded 0.17% higher during Friday’s early trading session at 19,326, indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex. The equity benchmarks closed in the red on Thursday, erasing all morning gains. After touching an intraday high of 19,584.45, the NSE index crashed over 1% or […]
Suzlon charts a strong path post debt restructuringSuzlon charts a strong path post debt restructuring
Last month, Crisil Ratings upgraded the Rs 4,054 crore worth of bank facilities of Suzlon Energy and removed ‘rating watch with developing implications.’ “The rating upgrade factors in sharp reduction in debt (paying off the entire term debt) done from the proceeds of a recent QIP, ” the agency had noted. Analysts at ICICI Securities […]
Delhi-Gurugram Expressway Closure: Traffic at standstill, commuters face harrowing time – See PhotosDelhi-Gurugram Expressway Closure: Traffic at standstill, commuters face harrowing time – See Photos
1/6 Under the Bharat Mala Project, the National Highways Authority of India started the construction of the Dwarka Expressway from Dwarka Link Road near Shiv Murti on the National Highway, NH-48, which resulted in traffic congestion. (Photo: PTI) 2/6 Vehicles were stuck in a traffic jam on the Delhi-Gurugram Road after the authorities closed one carriageway […]
Global trends, macroeconomic data, trading activity of foreign investors to drive market trends: AnalystsGlobal trends, macroeconomic data, trading activity of foreign investors to drive market trends: Analysts
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent […]
Trials for Coal India’s in-house e-auction platform successful: OfficialsTrials for Coal India’s in-house e-auction platform successful: Officials
The trials for Coal India’s in-house e-auction platform have been carried out satisfactorily, and the mechanism can have a full-fledged rollout across the company’s coal-producing subsidiaries, officials said Sunday. A total of seven trial auctions involving nearly 18 million tonnes of coal have been conducted, they said. At present, external agencies like MSTC and mjunction […]
Nifty closes in red at 19310, Sensex sheds 202 points as monsoon deficiency weigh on indices; IT, Pharma tank, media soarsNifty closes in red at 19310, Sensex sheds 202 points as monsoon deficiency weigh on indices; IT, Pharma tank, media soars
Benchmark Indices Nifty 50 and Sensex ended Friday’s trading session in the red. The markets did see slight recovery towards the last hour of trade after opening lower on weak global cues and ended with marginal losses. The Nifty 50 ended down 55.10 points or 0.28% to settle at 19, 310.15 and the BSE Sensex […]
Closing Bell: Nifty closes above 19300, Sensex under 65k; Reliance Industries, JFS end lower following AGMClosing Bell: Nifty closes above 19300, Sensex under 65k; Reliance Industries, JFS end lower following AGM
Market Closing Bell: Domestic equity indices NSE Nifty 50 and BSE Sensex closed in the green on Monday, as traders celebrated the US Federal Reserve Chairman’s less hawkish stance and new measures by the Chinese authorities to support the markets. Nifty 50 closed at 19,306.05, while Sensex closed the trading session at 64,996.60, giving up […]
Eid al-Adha 2023: People celebrate Bakrid with fervour and enthusiasm – See PhotosEid al-Adha 2023: People celebrate Bakrid with fervour and enthusiasm – See Photos
1/8 Tis’ the day to be jolly! As rain lashed Delhi-NCR today, people came out dressed in their best to celebrate Eid al-Adha, commonly known as Bakrid. Images from around the world have started pouring in showing millions from the Muslim community joining the celebrations.Eid al-Adha is the second most auspicious Islamic festival. It celebrates Prophet Ibrahim’s […]
Ant Group sells 3.6% stake in Paytm for Rs 2,037 croreAnt Group sells 3.6% stake in Paytm for Rs 2,037 crore
A subsidiary of Chinese fintech giant Ant Group on Friday sold a 3.6 per cent stake in Paytm for Rs 2,037 crore through open market transactions. The shares of Paytm’s parent One97 Communications was sold by Antfin (Netherlands) Holding BV. Antfin offloaded a total of 2,27,54,823 shares in 14 tranches, amounting to a 3.58 per […]