New Delhi, The combined market valuation of five of the top-10 valued firms surged Rs 84,559.01 crore in a holiday-shortened last week, with Hindustan Unilever emerging as the biggest winner. Last week, the BSE benchmark Sensex declined 207.43 points or 0.27 per cent. The NSE Nifty dipped 75.9 points or 0.33 per cent. Indian stock … Read more
Domestic brokerage firm Motilal Oswal expects a muted earnings performance in Q4FY25, projecting just 2% year-on-year (YoY) growth for the Nifty 50 index. The subdued growth outlook reflects persistent challenges across key sectors, particularly Oil & Gas (O&G), Cement, and Real Estate, even as segments like Technology, Auto, and BFSI are expected to provide moderate … Read more
India’s Reliance Industries, operator of the world’s biggest refining complex, will halt Venezuelan oil imports after the United States announced a 25% tariff on nations buying crude from the South American nation, three sources said on Wednesday. The Indian conglomerate, which last year obtained approval from U.S. authorities to purchase oil from the sanctioned producer, … Read more
Baba Ramdev’s Patanjali Ayurved, a prominent Indian consumer goods company, has made its foray into the general insurance industry through the acquisition of a majority stake in Magma General Insurance. According to the agreement, Patanjali Ayurved and DS Group, the maker of Rajnigandha, will purchase Magma General Insurance from Sanoti Properties LLP for a valuation … Read more
A Chandigarh resident has stumbled upon a forgotten financial windfall, discovering decades-old Reliance Industries Ltd (RIL) shares originally purchased in 1988, now valued at approximately Rs 12 lakh. The revelation has triggered a wave of social media reactions, ranging from financial advice to lighthearted banter. Rattan Dillon, a car enthusiast from Chandigarh, found physical share … Read more
Indian markets broke their 8-session falling streak after recovering from day’s low, thanks to the heavy lifting done by HDFC Bank while getting support from Reliance Industries (RIL) and Bajaj Finance. While the 30-stock S&P BSE Sensex finished at 75,996.86, gaining by 57.65 points or 0.08%, the broader Nifty rose by 30.25 points or 0.13% … Read more
The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with Reliance Industries taking the biggest hit in line with a bearish trend in the broader stock market. Equity benchmark indices Sensex and Nifty extended their downward trend to the eighth day in a … Read more
The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of … Read more
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities, where Tata Consultancy Services and Reliance Industries faced the sharpest erosion. Last week, the BSE benchmark tanked 4,091.53 points or 4.98 per cent. “The Indian equity market recorded its steepest … Read more
New Delhi: The pilot project of the PM Internship scheme has seen a number of candidates withdrawing after being offered internships, people aware of the development said. In the first week of companies extending offers under the scheme in November, the acceptance rate was about a third, with many candidates backing out at the last … Read more