• Technical View | Nifty forms Bearish Belt Hold pattern, 18,500 likely to be crucial for further direction

  The Option data clearly indicated that 18,500 is expected to be crucial area for the direction on either side in coming sessions.
  13 minutes ago — Moneycontrol

• FPI utilization of investment limit in corporate bonds lowest in 10 years, shows data

  Experts attribute the trend to a sharp depreciation of the Indian rupee, a lower spread between US Treasury yields and returns on Indian debt instruments and global uncertainties.
  13 minutes ago — Moneycontrol

• GST collections rise 11.5% to cross ₹1.57 lakh crore in May

  This was the 14th successive month that GST revenues have been over ₹1.4 lakh crore
  15 minutes ago — The Hindu Business
  • GST collection rises 12% to Rs 1.57 trillion in May: Finance ministry 15 minutes ago — Business Standard

• Reduce V-Guard Industries; target of Rs 235: HDFC Securities

  HDFC Securities recommended reduce rating on V-Guard Industries with a target price of Rs 235 in its research report dated May 31, 2023.
  16 minutes ago — Moneycontrol
  • Buy KNR Constructions; target of Rs 320: Motilal Oswal 16 minutes ago — Moneycontrol
  • Reduce JK Cement; target of Rs 2755: HDFC Securities 16 minutes ago — Moneycontrol
  • Reduce Heidelberg Cement; target of Rs 160: HDFC Securities 16 minutes ago — Moneycontrol
  • Buy Tega Industries; target of Rs 945: LKP Research 16 minutes ago — Moneycontrol
  • Buy Sobha; target of Rs 750: Motilal Oswal 16 minutes ago — Moneycontrol
  • Buy ONGC; target of Rs 215: Motilal Oswal 16 minutes ago — Moneycontrol
  • Buy Indostar Capital Finance; target of Rs 175: Motilal Oswal 16 minutes ago — Moneycontrol

• Q4 GDP: Robust growth to keep rate cuts at bay

  The resilient growth conditions provide monetary policy space to remain focused on containing inflation. We expect the RBI to remain on a prolonged pause till December 2023 
  16 minutes ago — Moneycontrol

• ITC Vs HUL: How Do The FMCG Majors Fare Post Their Q4 Numbers?

  ‘Form is temporary; but class is permanent’! Now, this would be an apt description for India’s largest FMCG firm – Hindustan Unilever. Despite a muted show in the fourth quarter amid inflationary headwinds, the analyst community’s love affair with the market heavyweight has only increased. On the other hand, you have its more diversified peer, ITC, that has posted stellar numbers on the back of strength in both cigarette and staples business. But is there a case for choosing one over the other? Or does an ideal portfolio need the twin engines of both ITC and HUL? In this video, let’s take a look at how these two stalwarts stack up – and if there is a case to pick one over the other.
  22 minutes ago — Moneycontrol

• Why companies offer higher salary packages to external hires

  While it's easy to figure out why salaries are confidential, it’s tricky to understand why HR sometimes prefers to lose an employee and hire a replacement at a higher salary.
  23 minutes ago — Moneycontrol

• Stock Market Highlights: Sensex, Nifty Gainers And Losers — June 1

  Sensex, Nifty end volatile day lower as Kotak, ICICI Bank, Airtel drag.
  23 minutes ago — Bloomberg Quint
  • Stock Market Highlights: Sensex, Nifty Gainers And Losers — May 31 23 minutes ago — Bloomberg Quint

• Institutions lap up Coal India shares with bids worth Rs 6,500 cr; govt exercises green shoe option

  The government had offered over 8.31 crore shares to institutional investors on Thursday under the offer-for-sale (OFS), but received bids for 28.76 crore shares or 3.46 times.
  25 minutes ago — Moneycontrol

• MC Selects Podcast: Your on-the-go daily news wrap

  Moneycontrol presents a specially-curated podcast to track the day's biggest stories. Don't miss MC Selects on Moneycontrol for your daily dose of business news and top headlines, every weekday evening.
  27 minutes ago — Moneycontrol

• One of the godfathers of AI says he is concerned of it falling in the wrong hands

  Professor Yoshua Bengio, one of the three main pioneers in the field of artificial intelligence has joined the call for AI regulation.
  27 minutes ago — Moneycontrol

• Air India to reinstate three more weekly flights to US this month

  Earlier this year, the Tata Group-owned airline temporarily suspended six weekly flights to the US and three of them have already been reinstated.
  30 minutes ago — Moneycontrol

• Markets settle lower in highly volatile trade

  Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, ITC, HDFC Bank, UltraTech Cement, HCL Technologies and Maruti were the major laggards.
  37 minutes ago — The Hindu Business

• Rupee rises 33 paise to close at 82.42 against U.S. dollar

  During the day, the domestic unit witnessed an intra-day high of 82.36 and a low of 82.54.
  43 minutes ago — The Hindu Business
  • Rupee rises 33 paise to close at 82.42 against US dollar 43 minutes ago — Moneycontrol
  • Ashok Leyland shares up 1.02% as Nifty gains 43 minutes ago — Economic Times
  • LTIMindtree shares rise 0.15% as Nifty gains 43 minutes ago — Economic Times
  • Voltas shares gain 0.82% as Sensex falls 43 minutes ago — Economic Times
  • Tata Power shares gain 1.01% as Sensex rises 43 minutes ago — Economic Times
  • Varun Beverages shares up 0.58% as Nifty gains 43 minutes ago — Economic Times
  • Rupee Opens Firm Against The U.S. Dollar 43 minutes ago — Bloomberg Quint

• Stock market update: Mining stocks up as market falls

  The 30-share BSE Sensex closed down 193.7 points at 62428.54
  50 minutes ago — Economic Times
  • Stock market update: Nifty Auto index advances 0.41% 50 minutes ago — Economic Times
  • Stock market update: Nifty Pharma index advances 1.06% 50 minutes ago — Economic Times
  • Stock market update: Power stocks up as market falls 50 minutes ago — Economic Times
  • Chola Inv Finance shares drop 0.58% as Sensex falls 50 minutes ago — Economic Times
  • Trent shares up 0.45% as Nifty gains 50 minutes ago — Economic Times
  • Stock market update: Sugar stocks up as market rises 50 minutes ago — Economic Times
  • Stock market update: Nifty Pharma index advances 0.72% in an upbeat market 50 minutes ago — Economic Times
  • Stock market update: Nifty Auto index advances 0.3% in an upbeat market 50 minutes ago — Economic Times
  • Stock market update: Nifty Realty index advances 1.43% in an upbeat market 50 minutes ago — Economic Times
  • Share market update: Most active stocks of the day in terms of total traded value 50 minutes ago — Economic Times
  • Stock market update: Nifty IT index advances 0.85% in an upbeat market 50 minutes ago — Economic Times
  • Stock market update: Nifty Bank index falls 0.07% in an upbeat market 50 minutes ago — Economic Times
  • Share market update: Most active stocks on D-Street today in terms of volume 50 minutes ago — Economic Times
  • Stock market update: FMCG stocks up as market rises 50 minutes ago — Economic Times
  • Stock market update: Mining stocks up as market rises 50 minutes ago — Economic Times
  • Stock market update: Fertilisers stocks up as market rises 50 minutes ago — Economic Times
  • Stock market update: Power stocks up as market rises 50 minutes ago — Economic Times
  • Share market update: Most active stocks in today's market in terms of volume 50 minutes ago — Economic Times

• Sebi extends time to submit public comments on proposed tweaks to MFs’ expense ratio

  Indian regulator, Securities and Exchange Board of India (SEBI), has extended consultation on proposals aimed at proposing sweeping changes to the expense ratio of mutual funds in the country. The regulator is aiming to prevent distributors from pushing new fund offerings for higher commissions. The regulator has proposed that the total expense ratio (TER) charged by asset management companies should be levied at the AMC level and not at the scheme level currently, while also introducing performance fees for funds. SEBI has suggested the maximum TER for an equity scheme is 2.55% at the AMC level.
  51 minutes ago — Economic Times

• Rupee posts biggest single-day gain in two months on strong growth data

  India's rupee gained a two-week high and its best single-day increase in two months on Thursday, as strong domestic growth data encouraged traders to scale back long positions in the US dollar. The currency hit 82.3675 during the session and closed at 82.405 against the dollar, compared to 82.7225 the previous day. Dilip Parmar, research analyst at HDFC Securities, said consistent equity flows and positive economic data were boosting the rupee. India's economy grew by 6.1% in Q1, while a private survey revealed factory output had expanded at its quickest rate since October 2020 in May.
  54 minutes ago — Economic Times

• Stock market update: Stocks that hit 52-week lows on NSE in today's trade

  Coal India Ltd, Kotak Bank, Bharti Airtel, SBI Life and HDFC Life were among the top losers on NSE in today's trade.
  55 minutes ago — Economic Times
  • Stock market update: Stocks that hit 52-week lows on NSE 55 minutes ago — Economic Times
  • Stock market update: Stocks that hit 52-week highs on NSE 55 minutes ago — Economic Times

• Not appropriate to conduct independent examination of accounts now: Adani Ports

  Adani Ports, the Indian port operator, has declined to seek an independent examination of its financial accounts on the grounds of ongoing investigations by the market regulator and the Supreme Court into the company's practices. The decision comes after Deloitte Haskins & Sells LLP flagged certain potentially related party transactions over insufficient disclosures and said that it was not independently able to verify them. US-based Hindenburg Research accused the diversified conglomerate of fraud and stock manipulation in January, but the Adani Group has so far denied all allegations.
  55 minutes ago — Economic Times

• Indel Moneyon announces 3rd tranche of NCDs to raise up to Rs 100 cr

  Gold loan non-banking finance company Indel Money has announced its third tranche of public issue of Secured NCDs with the face value of Rs 1,000 each. The issue opens on June 6 and closes on June 19, with an option of early closure if oversubscribed. Proceeds from the issue will be used for onward lending and financing. The company has grown its assets under management by 72% to Rs 1,154 crore in FY23 and is targeting Rs 2,100 crore AUM in the current fiscal. Indel Money operates across eight states, with plans to expand to 15 states by FY25.
  1 hour ago — Economic Times

• SEBI Extends Deadline For Comments On Proposal On Expenses Charged To Mutual Fund Investors

  The timeline for submission of comments has been extended to June 8.
  1 hour ago — Bloomberg Quint

• Sensex, Nifty End Lower For The Second Straight Day: Market Wrap

  The Sensex closed 194 points, or 0.31%, lower at 62,428.54, while the Nifty 50 declined 47 points, or 0.25%, to end at 18,487.75.
  1 hour ago — Bloomberg Quint

• Delhi HC directs SpiceJet to pay Rs 380 crore to Kalanithi Maran

  According to the Delhi High Court order, SpiceJet has not complied with Supreme Court's direction from February 2023 asking it to pay Rs 75 crore to Maran towards interest.
  1 hour ago — Moneycontrol

• India’s economy surpasses expectations, grows by 7.2% in FY23: SBI report

  The State Bank of India (SBI) had predicted a growth rate of 7.1 percent. The better-than-expected performance of Indian economy at 7.2 percent growth can be attributed to the strong GDP growth of 6.1 percent in the fourth quarter of FY23.
  1 hour ago — Moneycontrol
  • India's economy likely to grow 6.5-6.7% in FY24: CII president R Dinesh 1 hour ago — Business Standard

• How falling quality of copper ore feeds inflation

  The metal has applications across sectors and is often used as an indicator on the health of an economy
  1 hour ago — Moneycontrol

• Sensex falls for second day, ends 194 pts lower, dragged by bank & fin stocks

  Indian equity indices closed lower for the second consecutive day due to investors booking profits. Bharti Airtel, Kotak Mahindra Bank, and ICICI Bank were among the top laggards, while Bajaj Auto, Asian Paints, and Tata Motors ended with gains.
  1 hour ago — Economic Times
  • Market Live: Nifty Ends Below 18,500; Auto, IT, Pharma Shine | Bajar Gupshup 1 hour ago — Moneycontrol

• Electric vehicle makers require 13 mn sq ft real estate space by 2030 to meet output target: CBRE

  Real estate consultant CBRE South Asia released a report, 'Electric Vehicles in India - New Wheels on the Roads', on Thursday that focuses on the trends, growth, and influence of electric vehicles (EVs) on the real estate sector in India.
  1 hour ago — Moneycontrol

• India's Power Consumption Grows By 1.04% To 136.56 Billion Units In May

  Experts said that unseasonal rains in March, April and May affected the power consumption in the country.
  1 hour ago — Bloomberg Quint

• NTPC Green Energy, UP Rajya Vidyut Utpadan Nigam to develop green energy parks

  NTPC Green Energy Ltd (NGEL) is a subsidiary of NTPC Ltd.
  1 hour ago — Moneycontrol

• Coal India OFS: What should investors do?

  Analysts say that a decline in the price of Coal India is a good buying opportunity. They consider Coal India as a stable play, mainly because of the robust power demand in India, and rural electrification initiatives. The OFS will be open for retail and non-retail investors on June 1 and 2
  1 hour ago — Moneycontrol
  • Centre Proposes To Sell Up To 3% Stake In Coal India Limited 1 hour ago — NDTV Business

• Sensex falls! These stocks fell 5% or more in Thursday's session

  In the Nifty pack, 27 stocks closed in the green, while 23 stocks ended in the red.
  1 hour ago — Economic Times
  • PI Industries shares fall 1.88 per cent in Thursday's trading session 1 hour ago — Economic Times
  • Indian Hotels shares rise 1.23 per cent in Thursday's trading session 1 hour ago — Economic Times
  • Sensex rises! But these stocks are down 5% or more on BSE 1 hour ago — Economic Times
  • Tata Elxsi shares rise 2.69 per cent in Thursday's trading session 1 hour ago — Economic Times

• Is the NPS scheme cost effective? Anil Ghelani explains

  In tier-1 there is no taxability. It falls under technically speaking EEE, exempt, exempt, exempt criteria so even the time when we are investing the money we get a tax benefit, that is a unique thing which NPS offers over and above the regular investments of 150000.
  1 hour ago — Economic Times

• What makes NPS scheme an attractive product? Anil Ghelani answers

  ​Second is that it gives you flexibility to select your asset allocation. Now just think of it that without any tax implication, you can shift your asset allocation between equity, fixed income like within that corporate bond, government bond, and also there are now options for alternative investments or AIFs. So that ensures a good mix of asset classes also in your long term wealth accumulation.
  1 hour ago — Economic Times

• Indian Economy May Grow 6.5-6.7% In FY24: CII President R Dinesh

  Industry body CII, on Thursday, said India's economy is expected to grow in the range of 6.5-6.7% in the current financial year supported by strong domestic drivers and robust capex momentum of the government.
  1 hour ago — Bloomberg Quint
  • Chief Economic Adviser Eyes Another Year Of Solid Economic Performance 1 hour ago — NDTV Business

• 9 midcap stocks ideas from KIE that can offer 12-40% returns

  ​Kotak Institutional Equities (KIE) has added Aavas Financiers, KIMS and Sun TV Network to its model midcap portfolio while removing Max Healthcare.​
  1 hour ago — Economic Times

• Sensex ends lacklustre trade 194 pts lower; Nifty below 18,500

  
  1.5 hours ago — Economic Times
  • Sensex flat, Nifty below 18,550; Coal India loses 4% 1.5 hours ago — Economic Times

• Taking Stock: Last-hour selling drags market down; Sensex falls 194 points, Nifty below 18,500

  Among sectors, bank and metal indices fell 0.5 percent each, while information technology, realty and pharma gained 0.5-1 percent
  1.5 hours ago — Moneycontrol

• FAME II subsidy impact: TVS revises IQube prices by Rs 17,000-20,000

  Ola Electric, Ather Energy have reportedly slashed prices too after the government revised support programme
  1.5 hours ago — Business Standard

• Mr Milkman Launches Distribution Management Solution For Agriculture, F&B Industry

  The platform aims to optimise and automate supply chain processes.
  1.5 hours ago — Bloomberg Quint

• ETMarkets webinar: How to crack the code to profitable trades

  ETMarkets is hosting a day-long webinar on June 3 with leading women traders to help traders navigate the market charts and develop effective risk management techniques. The event features sessions on the identification of multibaggers, momentum-based trading, basics of technical analysis, risk management, and different trading strategies. The webinar aims to help participants build a solid foundation in technical analysis, identify market trends, optimize entry and exit points, and make well-informed decisions. Nothing complex but effective.
  2 hours ago — Economic Times

• Reliance Industries Shares Gain As S&P Affirms 'BBB+' Rating On Stable Outlook

  RIL's operating performance is likely to remain resilient over the next two years, says S&P Global Ratings.
  2 hours ago — Bloomberg Quint

• Nepal PM India Visit: PM Modi holds bilateral talks with Nepalese counterpart Pushpa Kamal Dahal in Delhi

  Prime Minister Narendra Modi and Nepal Prime Minister Pushpa Dahal ‘Prachanda’ held bilateral talks at Hyderabad House on June 1 to focus on transforming the civilisational ties between India and Nepal with deeper cooperation in areas of connectivity, economy, energy and infrastructure.
  2 hours ago — Moneycontrol

• Kia India sales up 3% in May at 24,770 units

  The company undertook a plant maintenance shutdown from May 15-20.
  2 hours ago — Moneycontrol
  • Bajaj Auto May sales up 29% at 3,55,148 units 2 hours ago — Moneycontrol

• For the GSLV programme, reliability and lifting heavier satellites remain key challenges

  It is heartening that ISRO’s indigenously developed atomic clocks and cryogenic upper stages are on the path to reliability. But there’s also a space race that ISRO has to catch up in by upgrading the LVM3 (earlier GSLV Mk III) to be able to launch heavier satellites into space and support heavier versions of the cryogenic upper stage 
  2 hours ago — Moneycontrol

• HUL stock near six-month high even when co flags volatile operating environment

  Hindustan Unilever's shares have gained over 2% to near six-month high levels despite the company reporting a volatile operating environment. While the company expects that price growth will decrease, HUL believes that market volumes will recover gradually as consumption habits readjust with a lag. Its turnover for FY23 was Rs 58,154 crores, up 16% YoY, with an underlying volume growth of 5%. The fourth-quarter earnings were largely below expectations. The Trendlyne data suggests that Hindustan Unilever has an average target of Rs 2,851.55, indicating an upside of 5.81% from the current levels.
  2 hours ago — Economic Times

• Mahindra & Mahindra sees 22% rise in passenger vehicle sales at 32,886 units in May

  The company had posted a total passenger vehicle sales of 26,904 units in May 2022, Mahindra & Mahindra (M&M) said in a regulatory filing.
  2 hours ago — Moneycontrol
  • Bajaj Auto May sales up 29% at 3,55,148 units 2 hours ago — Moneycontrol

• Developers' body requests Centre to restructure GST on MMR redevelopment projects

  CREDAI-MCHI wants no GST charge on rehab flats, given free of cost to existing occupants in redevelopment projects. A delegation of the organization recently met Finance Minister Nirmala Sitharaman and expressed concern over the impact of GST being levied on redevelopment projects/ rehab flats.
  2 hours ago — Moneycontrol

• 3M India jumps 3%, hits 52-week high on strong Q4 results

  On a 5-year basis the 3M India stock has given a return of 33.42 percent. Thus underperforming the benchmark Nifty50 index by a considerable margin.
  2 hours ago — Moneycontrol

• 9 out of 10 Indian leaders say job-seekers need new skills in AI era: Microsoft

  There is a need for all employees to build AI aptitude which will include new core competencies such as prompt engineering in their day-to-day, the report says
  2 hours ago — Moneycontrol

• Reliance's operating performance to remain resilient: S&P

  The rating agency affirmed its 'BBB+' rating - equivalent to the sovereign rating assigned to India - to Reliance (RIL) with a stable outlook, reflecting the view that RIL's cash flows will help it preserve its financial profile, despite elevated investments over the next 24 months.
  2 hours ago — Moneycontrol

• Virat Kohli is the most followed Indian on Instagram, but will it up his endorsement game?

  The numbers argue in his favour, but that may be a double-edge sword as it also leads to cluttering up the messaging.
  2 hours ago — Moneycontrol

• ULIPs back in focus after debt mutual funds taxation; But do they make sense?

  Moneycontrol's analysis of 5-year rolling returns from ULIPs reveals impressive performance by these funds. Despite the recent attention on debt-oriented ULIPs following the removal of capital gains tax for debt mutual funds, it is still ideal to separate insurance and investment. Here are the top performing ULIP debt funds
  2.5 hours ago — Moneycontrol

• We are at the start of a new long-term bull run for Indian markets: Mark Mobius

  The reality is that money supply has gone down precipitously. It is an amazing and that means that inflation will be coming down. It is already happening. So, I believe the central banks are being maybe too cautious at this stage.
  2.5 hours ago — Economic Times

• Elon Musk reclaims position as world's richest person

  As of June 1, Elon Musk's net worth was about $192 billion
  2.5 hours ago — The Hindu Business

• 7 Tata group stocks to trade ex-dividend in June. Do you own any?

  Tata Power, Nelco, Indian Hotels Company, Voltas, Tata Investment Corporation, Tata Chemicals, and Tata Steel will all trade ex-dividend this month. Nelco, with a market cap of Rs 1,413 crore, is set to trade ex-dividend on June 6 with a final dividend of Rs 2 per share. Tata Power has announced a final dividend of Rs 2 per share and will trade ex-dividend on June 7. Tata Steel will trade ex-dividend on June 22 with a final dividend of Rs 3.6 per share. Indian Hotels Company and Voltas will trade ex-dividend on June 9.
  2.5 hours ago — Economic Times

• Gold Rate Today: Gold prices in India remain rangebound. Check price of yellow metal in Delhi, Ahmedabad and other Indian cities

  Gold prices on the Multi Commodity Exchange of India (MCX) fell following lacklustre trading activity on the international market. As the US House passed a debt bill and looks ahead to June's Federal Reserve Open Market Committee meeting, investors took profits in gold and silver. Anuj Gupta, VP of commodity and currency research at IIFL Securities, expects both gold and silver futures to remain range bound in the short term. The correction in the gold market follows gold futures on MCX declining by 0.64% in May, while silver futures lost nearly 0.60% in value during the same period, he said.
  2.5 hours ago — Economic Times

• Consumer Spending On Personal Care Isn't Surging Back Yet, Says RSH Global

  India's personal care market size is estimated to be Rs 20,000 crore, growing at 10-12% annually,
  2.5 hours ago — Bloomberg Quint

• Share price of Bajaj Holdings falls as Sensex drops 59.07 points

  A total of 1,650 shares changed hands on the counter till 02:14PM (IST)
  3 hours ago — Economic Times
  • SRF shares drop 1.71% as Sensex rises 3 hours ago — Economic Times
  • Chola Inv Finance shares drop 0.58% as Sensex falls 3 hours ago — Economic Times
  • SBI Card shares decline 0.56% as Sensex slides 3 hours ago — Economic Times
  • Max Healthcare shares decline 0.55% as Sensex slides 3 hours ago — Economic Times
  • Trent shares up 0.45% as Nifty gains 3 hours ago — Economic Times
  • Godrej Consumer shares fall 0.42% as Nifty gains 3 hours ago — Economic Times
  • Share price of Siemens falls as Nifty strengthens 3 hours ago — Economic Times
  • Bharat Forge shares gain 0.83% as Sensex rises 3 hours ago — Economic Times
  • Share price of BEL rises as Nifty strengthens 3 hours ago — Economic Times
  • Crompton Greaves shares down 0.04% as Sensex rises 3 hours ago — Economic Times
  • Share price of Page Industries jumps as Sensex gains 61.96 points 3 hours ago — Economic Times
  • Shree Cements shares decline 0.19% as Sensex climbs 3 hours ago — Economic Times
  • United Spirits shares down 0.28% as Nifty gains 3 hours ago — Economic Times
  • GAIL shares up 0.57% as Nifty gains 3 hours ago — Economic Times
  • Share price of DLF falls as Sensex gains 78.56 points 3 hours ago — Economic Times
  • Indian Oil Corp. shares gain 0.81% as Sensex rises 3 hours ago — Economic Times
  • Avenue Supermart shares gain 1.29% as Sensex rises 3 hours ago — Economic Times
  • Marico shares gain 2.5% as Sensex rises 3 hours ago — Economic Times
  • Shriram Trans Fin shares up 1.0% as Nifty gains 3 hours ago — Economic Times
  • Ambuja Cements shares up 1.26% as Nifty gains 3 hours ago — Economic Times
  • Share price of ICICI Pru Life jumps as Sensex gains 70.97 points 3 hours ago — Economic Times
  • Pidilite Ind shares up 1.95% as Nifty gains 3 hours ago — Economic Times
  • Colgate-Palmolive shares gain 1.24% as Sensex rises 3 hours ago — Economic Times
  • Share price of Mphasis rises as Nifty strengthens 3 hours ago — Economic Times
  • Tube Investments share price up 2.13 per cent 3 hours ago — Economic Times
  • Havells India shares up 3.1% as Nifty gains 3 hours ago — Economic Times
  • Apollo Hospital shares gain 4.16% as Sensex rises 3 hours ago — Economic Times

• Fed rate hike: Moody’s Analytics chief economist has 'fingers crossed' for pause

  Mark Zandi says B2B sales growth worrying trend, which telling a compelling story that the US economy is growing well below its potential and could even stall
  3 hours ago — Moneycontrol

• Market will see more upside in second half of the year: Jitendra Gohil

  We are a little bit concerned about what is happening globally. But net-net, if commodity prices continues to fall, India will see even further upside from here onward in the second half.
  3 hours ago — Economic Times

• Byju’s lenders scrap talks to restructure $1.2 billion loan

  The talks were called off after the creditors moved court, and accused the firm of hiding $500 million of funds raised, the people said, asking not to be named as the information is not public. Lenders can now sell the term loan B securities of the firm as the restraint that came as part of the negotiations is lifted, they said.
  3 hours ago — Moneycontrol

• Indian Air Force's trainer aircraft crashes in Karnataka, pilots eject safely

  The training aircraft, which took off from the air force station in Bengaluru crashed this morning at Bhogapura village.Tejpal and Bhumika sustained minor injuries, district officials said. No casualties were reported.
  3 hours ago — Moneycontrol

• Kaushalya up 20% for second day despite 30% drop in sales

  The upward movement in the stock commenced after the company reported a substantial increase in net profit for the March quarter. Compared to Rs 1.91 crore in the previous year, the firm achieved a consolidated net profit of Rs 15.17 crore
  3 hours ago — Moneycontrol
  • Nucleus Software Exports Shares Jump 80% In Two Weeks 3 hours ago — Bloomberg Quint

• Amazon's Ring used to spy on customers, FTC says in privacy settlement

  Amazon also agreed to pay $25 million to settle allegations it violated children's privacy rights when it failed to delete Alexa recordings at the request of parents and kept them longer than necessary, according to a court filing in federal court in Seattle that outlined a separate settlement.
  3 hours ago — Moneycontrol

• Coal India OFS fully subscribed on Day 1 amid strong institutional interest, stock down 5%

  The Indian government’s offer for sale (OFS) of Coal India shares was fully subscribed in under four hours of trading on Thursday. The government received bids for 8.56 crore shares, against the 8.31 crore shares on offer for institutional investors. Retail investors may still invest in the OFS on Friday, with 10% of the offer reserved for them. Although the OFS has provided an opportunity for arbitrage, shares in Coal India lost almost 5% of their value on Thursday, falling to INR229.85 ($3.49).
  3 hours ago — Economic Times

• Maruti Suzuki sales jump 10% to 1,78,083 units in May

  The country's largest carmaker has been facing a shortage of chips for a while which has impacted its supplies to cater to the market demand.
  3 hours ago — Moneycontrol

• FSSAI forms team to check adulteration of food

  Union health and family welfare minister Mansukh Mandaviya has said large-scale testing would be done across the country and action taken against those found guilty
  3 hours ago — Moneycontrol

• Crypto Price Today: Bitcoin slips below $26,800; Cardano, XRP fall up to 3%

  Cryptocurrency markets were lower on Thursday amid concerns over the US debt ceiling. Bitcoin fell 1.4% to $26,790, while Ethereum hovered above the $1,850 level. Analysts predict a choppy crypto market in the coming weeks if the decision on the debt ceiling bill remains unclear. The global cryptocurrency market cap fell 0.79% in the last 24 hours to around $1.13tn. The market cap for Bitcoin stood at approximately $519bn with a dominance of 46.05%, according to CoinMarketCap. Technical analysis suggests Bitcoin is showing a slightly bearish trend.
  3.5 hours ago — Economic Times

• Krypton Consolidated March 2023 Net Sales at Rs 10.08 crore, down 27.13% Y-o-Y

  3.5 hours ago — Moneycontrol
  • India Finsec Consolidated March 2023 Net Sales at Rs 13.62 crore, up 72.24% Y-o-Y 3.5 hours ago — Moneycontrol
  • Assam Consolidated March 2023 Net Sales at Rs 2.01 crore, up 0.39% Y-o-Y 3.5 hours ago — Moneycontrol
  • Ind-Swift Consolidated March 2023 Net Sales at Rs 105.88 crore, up 0.3% Y-o-Y 3.5 hours ago — Moneycontrol
  • ANG Lifescience Consolidated March 2023 Net Sales at Rs 39.44 crore, down 58.65% Y-o-Y 3.5 hours ago — Moneycontrol
  • Kerala Ayur Consolidated March 2023 Net Sales at Rs 23.84 crore, up 14.64% Y-o-Y 3.5 hours ago — Moneycontrol
  • Imagicaaworld Consolidated March 2023 Net Sales at Rs 53.89 crore, up 62.62% Y-o-Y 3.5 hours ago — Moneycontrol
  • Nagreeka Export Standalone March 2023 Net Sales at Rs 125.50 crore, down 19.64% Y-o-Y 3.5 hours ago — Moneycontrol
  • Dhanlaxmi Roto Standalone March 2023 Net Sales at Rs 49.92 crore, up 49.14% Y-o-Y 3.5 hours ago — Moneycontrol

• InterGlobe stock price down 1.2 per cent as Sensex climbs

  As of 31-Mar-2023, promoters held 38.14 per cent stake in the company, while FIIs held 19.43 per cent and domestic institutional investors had 8.32 per cent.
  3.5 hours ago — Economic Times
  • Share price of Page Industries jumps as Sensex gains 61.96 points 3.5 hours ago — Economic Times
  • Bandhan Bank stock price up 0.63 per cent as Sensex climbs 3.5 hours ago — Economic Times
  • Buy Sun Pharmaceutical Industries, target price Rs 988.7 : ICICI Direct 3.5 hours ago — Economic Times
  • Share price of ICICI Pru Life jumps as Sensex gains 70.97 points 3.5 hours ago — Economic Times
  • ACC stock price up 1.79 per cent as Sensex climbs 3.5 hours ago — Economic Times
  • Info Edge stock price up 3.42 per cent as Sensex climbs 3.5 hours ago — Economic Times

• Sri Lanka cuts policy rates to reduce inflation and boost economic recovery

  The Sri Lankan Central Bank slashed policy interest rates by 250 basis points stating it would provide an impetus for growth
  3.5 hours ago — The Hindu Business

• 2 top stock recommendations from Chandan Taparia

  ​So I think midcap and small cap stocks are likely to see the positive momentum. And in heavyweights selective counter from FMCG, auto, banks, defence would likely to see the positive setup. While index may stuck in a range where declines could be bought with support of 18400-18442 marks.
  3.5 hours ago — Economic Times

• Coal India OFS Non-Retail Category Fully Subscribed On Day 1

  The base offer for the non-retail category has been subscribed to the tune of 105.47% as of 1:25 pm on June 1.
  3.5 hours ago — Bloomberg Quint

• Sobha shares jump 10% in 4 sessions. Here's what triggered this rally

  Sobha shares have surged by over 6% for a fourth consecutive session following strong Q4 earnings in which the Bengaluru-based real estate company reported a 242% YoY jump in net profit. Top brokerages have since recommended a 'Buy' on shares, citing its positive earnings performance. On May 30, Sobha reported a consolidated net profit of INR 48.60 crore for Q1, up from INR 14.2 crore in Q1FY22. The company also announced a dividend of INR 3 per share. While shares have returned almost 19% over the past month, it has been an underperformer over a one-year and six-month basis.
  3.5 hours ago — Economic Times

• IKIO Lighting IPO to open on June 6; price band fixed at Rs 270-285 per share

  Indian LED lighting solutions manufacturer, IKIO Lighting, has set a price band of INR 270 to INR 285 for its initial public offering (IPO), which opens for subscription on June 6 and is available until June 8. The IPO comprises a fresh equity issue of up to INR 350 crore and an offer for sale of up to nine million shares. 50% of the offer has been reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.
  3.5 hours ago — Economic Times

• Edtech major Byju's lenders scrap talks to restructure a $1.2 bn loan

  Byju's has to make an interest payment on the loan by June 5
  4 hours ago — Business Standard

• Coal India OFS: All You Need To Know

  Government of India to sell upto 3% stake in Coal India and is exected to raise upto Rs 4000 crore
  4 hours ago — Bloomberg Quint
  • Coal India Shares Fall The Most In Over Six Months On Government's Stake Sale Plan 4 hours ago — Bloomberg Quint
  • Centre To Sell Up To 3% Stake In Coal India, Floor Price Rs 225 Per share 4 hours ago — NDTV Business

• RBL Bank jumps 6% after analyst meet

  RBL Bank has significantly underperformed the benchmark Nifty bank index over the last 5 years. The stock has lost 67 percent of its value over the last 5 years.
  4 hours ago — Moneycontrol

• Nomura Sees Indian Economy Slowing After Growth Surprise

  India’s strong economic growth momentum could slow in the coming months, making the central bank shift focus from taming inflation to stimulating demand, according to Nomura Holdings Inc.
  4 hours ago — Bloomberg Quint

• Delhi High Court refuses to stay investigation against Ashneer Grover

  In May 2023, Economic Offences Wing (EOW) filed a first information report against the BharatPe's embattled co-founder & former managing director Ashneer Grover, his wife Madhuri Grover and two other family members
  4 hours ago — Moneycontrol

• EID Parry rises 4%, sees revenue touching Rs 1,200 crore by FY25

  The growth in revenue for EID Parry will be driven by an expansion in the distillery segment.
  4 hours ago — Moneycontrol

• India Took Even More Russian Oil Last Month, Crowding Out Saudis

  India’s imports of cheap Russian oil set another record in May, with the OPEC+ producer wresting more market share from Saudi Arabia.
  4 hours ago — Bloomberg Quint

• Wall Street Banks Are Using AI to Rewire the World of Finance

  Lenders are experimenting with artificial intelligence. Not even Warren Buffett is sure what happens next.
  4 hours ago — Bloomberg Quint

• WWDC 2023 | What to expect at Apple's big event

  From iOS 17 to new MacBooks and a mixed reality headset, here is everything you can expect at Apple's annual event
  4 hours ago — Moneycontrol

• Swiggy's outgoing CTO Dale Vaz pens heartfelt note to mark end of '5 years of a magical run'

  'I'll be cheering on from the sidelines,' Swiggy's outgoing CTO Dale Vaz wrote. He is now looking forward to building his own wealth-tech startup and has already raised $7-10 million for it.
  4 hours ago — Moneycontrol

• Scam 1992 Gets A Dynamic Injunction Against Instagram Handles. What Does It Mean?

  Copyright owners aggrieved by infringements on social media can now find relief in dynamic injunctions.
  4 hours ago — Bloomberg Quint

• Axita Cotton Announces Share Buyback At Rs 56

  Axita Cotton Announces Buy Double its Share Price
  4 hours ago — Moneycontrol

• GDP figure exposes lies of Rahul Gandhi's 'market of hate' against India's development: BJP

  Addressing a press conference, BJP leader and former Union minister Ravi Shankar Prasad said Gandhi's claim of spreading the message of love amid alleged hatred is merely an excuse for him as his priority is to spread hate against India's development under Prime Minister Narendra Modi's leadership.
  4 hours ago — Moneycontrol

• May was historic for Indian aviation, closing with highest passenger traffic

  While the number of flights has gone down with each passing month since March, passenger numbers have gone up.
  4 hours ago — Moneycontrol

• Insolvency Law: Supreme Court Reconciles Conflicting Rulings On NCLT's Discretion

  Supreme Court puts to rest the confusion around NCLT's power to exercise discretion in admitting an insolvency application.
  4 hours ago — Bloomberg Quint

• 74% Indian workers worried about AI replacing them: Microsoft report

  Indian managers are 1.6x more likely to say that AI would provide value in the workplace by boosting productivity rather than cutting headcount.
  4.5 hours ago — Moneycontrol

• Start-up founder says watching is a IPL waste of time, Twitter schools him. Viral thread

  Most users defended their right to enjoy leisure activities, like watching the IPL, countering the founder with valid points.
  4.5 hours ago — Moneycontrol

• Crypto rues Bitcoin’s decoupling from AI-fueled tech stock gains

  Bitcoin's correlation with technology stocks has weakened, as the digital asset posted a monthly slump for the first time this year, while the Nasdaq 100 added almost 8%. The 30-day correlation coefficient for Bitcoin and the tech-heavy Nasdaq 100 is at around 0.2 versus 0.8 in May 2022. Crypto investors were delighted earlier in the year when tokens surged and left equities behind. However, the split has become less favourable now, with digital-asset investors facing a bit of idiosyncratic risk as everything is no longer the same, said Peter van Dooijeweert, head of multi-asset solutions at Man Group.
  4.5 hours ago — Economic Times

• Bajaj Auto shares gain after May sales jump 29%

  Shares of Bajaj Auto, a 2/3 wheelers manufacturer, rose by nearly 2% to Rs. 4,649 on Thursday's BSE trade as the company's May 2023 total sales rose by 29% YoY to 3,55,148 units. However, exports were down by 23% at 1,26,747 units YoY. In Q4 FY23, the company's standalone net profit fell by 2% YoY to Rs. 1,433 crore, while its revenue from operations increased by 12% to Rs. 8,905 crore. The company's domestic motorcycle sales continued to do well, buoyed by the strong performance of the Pulsar portfolio and Platina 110 ABS volumes.
  4.5 hours ago — Economic Times

• Zepto Elevates Key Executives As It Targets IPO In Two To Three Years

  The startup said it has multiplied its business fourfold in the last 12 months and turned dozens of dark stores fully profitable.
  4.5 hours ago — Bloomberg Quint

• South Indian Bank shares jump 11% after board approves candidates for MD & CEO posts

  South Indian Bank's shares surged by 11% to Rs 19.1 on the BSE after the bank finalised candidates for the posts of Managing Director and CEO. The bank will submit its candidates' names to the Reserve Bank of India for approval. The stock has delivered multibagger returns to its investors, having surged 138% in the last year. The average target price of the stock is Rs 22, indicating a 17% upside from the current market prices. The consensus recommendation from five analysts for South Indian Bank is "Buy".
  4.5 hours ago — Economic Times

• We expect EBITDA to definitely improve going forward: Ajay Kumar Saraogi, JK Cement

  ​But at the same time, we are seeing some silver landing as there is some reduction in the fuel pricing. So we expect that at least some relief is there. But the industry definitely needs some price increase.
  4.5 hours ago — Economic Times

• Market valuations tad pricey but justified; growth stocks might command higher bucks

  Indian equity markets started CY23 weakly due to a bear attack from a US short-seller on one of India's largest listed conglomerates that led to cashing out by FIIs. However, markets have recovered significantly since then as India's macroeconomic fundamentals remain stable and pro-growth monetary policies are predicted.
  4.5 hours ago — Economic Times

• Laurus Labs shares rise over 4% as co acquires additional stake in lmmunoACT

  Laurus Labs is set to increase its stake in Immunoadoptive Cell Therapy (lmmunoACT) by 7.24% for $10.6m, taking its total stake in the company to 33.86%. The advanced cell and gene therapy company plans to use the funds to fast-track the development of its candidate HCAR-19 and expand its gene manufacturing capacities. The deal will also see some promoters and senior management of Laurus Labs acquire a 0.54% stake for $540,000. Shares of Laurus Labs rose 4.4% to reach INR345 ($4.61) in intraday trade following the announcement.
  4.5 hours ago — Economic Times

• Toyota Reports Highest-Ever Monthly Sales In May At 20,410 Units

  Toyota Kirloskar Motor on Thursday said its total sales surged two-fold to 20,410 units in May, its highest-ever in a month.
  4.5 hours ago — Bloomberg Quint
  • Bajaj Auto May sales up 29% at 3,55,148 units 4.5 hours ago — Moneycontrol

• Shares of Jubilant Food rise as Nifty gains

  On the technical charts, the 200-day moving average of the stock stood at Rs 519.46.
  5 hours ago — Economic Times
  • Indian Hotels shares rise 1.23 per cent in Thursday's trading session 5 hours ago — Economic Times
  • Tata Elxsi shares rise 2.69 per cent in Thursday's trading session 5 hours ago — Economic Times

• Bullish Signals! MACD for these 7 stocks crossed above zero

  
  5 hours ago — Economic Times
  • Dabur India, Sun Pharma among 7 stocks that rose above their 200 DMAs 5 hours ago — Economic Times

• Real estate sector poised for much better times: Nilesh Shah

  ​So, we are constructive on the real estate space. So far, the luxury segment has done well but we believe that with broad-based growth, pickup in manufacturing, wider job creation, we think that now the affordable real estate space or the mid-income real estate space is also expected to play a catch-up to what the premium or the luxury end has been doing.
  5 hours ago — Economic Times

• Institutional buyers put bids for 30% of Coal India shares in morning trade

  The Indian government's offer-for-sale for 3% stake in Coal India began smoothly with institutional buyers biding for 30% of the shares in the morning. Over 8.31 crore shares are being offered to institutional bidders in the two-day sale, at a floor price of Rs 225 a share, and including a green shoe option of 1.5% in the case of over subscription. The secondary market shares of Coal India are trading at Rs 230.40, down 4.48% over Wednesday's closing. This will be the first of many Public Sector Undertaking stake sales to come in the present fiscal, and the sale may help the government inch towards the Rs 51,000 crore disinvestment target set for the year.
  5 hours ago — Economic Times

• Bharti Airtel tops Sensex losers’ chart with 3.5% drop

  Brokerage firm CLSA expects Bharti Airtel's shares to cross Rs 1,000 over the next 12 months.
  5 hours ago — Moneycontrol

• Welspun Corp up 9% in 2 days as D-Street cheers FY24 guidance

  For the fiscal year 2024, Welspun Corp aims to achieve a topline of Rs 15,000 crore, representing a strong growth of around 50 percent. Furthermore, its target for EBIDTA stands at Rs 1,500 crore, growth of around 90 percent. It also aims to significantly improve their ROCE to 16 percent or higher from 7 percent in FY23.
  5 hours ago — Moneycontrol

• India GDP: Private Consumption Remains A Concern Amid Resilient Growth, Say Economists

  While muted private consumption growth continues to be a concern, investment momentum is expected to persist.
  5 hours ago — Bloomberg Quint

• Amitabh Bachchan’s voice no longer available on Alexa as Amazon discontinues celebrity feature

  Amazon has confirmed it will discontinue its celebrity voice feature for Alexa devices.
  5 hours ago — Moneycontrol

• India Q4 GDP grows 6.1% | Blowout GDP growth: Inside the India growth story

  India's GDP for the Jan-March quarter accelerates to 6.1%, beats economists' estimates by a significant amount. What led to this blowout GDP growth & why did economists get the numbers wrong? Here's a look into the overall India growth story, with top economists. Watch!
  5 hours ago — Moneycontrol

• UPI transactions at record high of Rs 14.3 trn in May, spike in 10 days

  Rise at a time when the government is pushing to bring various tax collections under digital payment
  5 hours ago — Business Standard

• Antique cuts Mankind's target price, maintains buy rating on the stock

  The firm reported a 52-percent increase in consolidated net profit at Rs 294 crore for the March quarter, aided by robust sales. Revenue rose to Rs 2,053 crore from Rs 1,726 crore in the year-ago period.
  5 hours ago — Moneycontrol

• ​3 stocks hint at bullish trends as RSI inches higher​

  ​RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. ​
  5 hours ago — Economic Times

• SC refuses urgent listing of plea challenging RBI decision on Rs 2,000 banknote exchange

  A vacation bench of justices Sudhanshu Dhulia and K V Vishwanathan took note of the submissions for urgent hearing of lawyer Ashwini Updhyay, and said it will not be taking up such pleas during the summer vacation.
  5 hours ago — Moneycontrol

• LIVE: SoO violation will be taken as dissolution of agreement, warns Shah

  Catch live updates from across the globe here
  5 hours ago — Business Standard
  • LIVE: Kin of deceased in Manipur violence to get Rs 5 lakh, says Amit Shah 5 hours ago — Business Standard

• Turnaround stocks: Indigo among 9 companies that returned to profit in Q4

  While Nifty gave a negative return of over 4% in the March quarter of FY23, a handful of companies staged a turnaround from loss-making to profit-making on a year-on-year basis
  5 hours ago — Economic Times

• We are extremely positive on alcoholic beverages segment: Nilesh Shah

  ​And post the market consolidation for the last 18 months, the valuations also have turned relatively reasonable. So on the whole, great fundamentals, solid liquidity and reasonable valuations I think that really provides a lot of support and a lot of push for the markets to continue to move forward.
  5.5 hours ago — Economic Times

• Adani Transmission, Adani Total Gas shares hit 5% upper circuit despite omission from MSCI index

  Shares of Adani Transmission and Adani Total Gas rose by 5% on the Bombay Stock Exchange despite the two firms exiting the MSCI Global Standard Index. Adani Transmission's shares have fallen by 15% over the last six sessions, while Adani Total Gas saw a 52-week low of INR633.35 ($8.70) on May 19. Analysts had predicted $189m in outflows after the MSCI move, but Adani Enterprises plans to raise $3bn through equity share sales to institutional investors, with Adani Green Energy's board to meet in the first or second week of June to discuss the fundraise.
  5.5 hours ago — Economic Times

• Vedanta rises 0.32% as Sensex climbs

  The stock traded at a P/E multiple of 9.8, while the price-to-book value ratio stood at 2.59.
  5.5 hours ago — Economic Times
  • Indian Oil Corp. shares gain 0.81% as Sensex rises 5.5 hours ago — Economic Times
  • Avenue Supermart shares gain 1.29% as Sensex rises 5.5 hours ago — Economic Times
  • Varun Beverages shares up 0.58% as Nifty gains 5.5 hours ago — Economic Times
  • Marico shares gain 2.5% as Sensex rises 5.5 hours ago — Economic Times
  • ICICI Lombard rises 2.49% as Sensex climbs 5.5 hours ago — Economic Times
  • Adani Power rises 2.24% as Sensex climbs 5.5 hours ago — Economic Times

• UPI Monthly Transaction Count Crosses 9 Billion In May

  The overall value of UP transactions stood at Rs 14.3 lakh crore in May, up 37% year-on-year.
  5.5 hours ago — Bloomberg Quint

• Buy South Indian Bank, target price Rs 21: Geojit Financial Services

  South Indian Bank, incorporated in the year 1929, is a banking company (having a market cap of Rs 3798.32 Crore).
  5.5 hours ago — Economic Times
  • Buy Canara Bank, target price Rs 313.9: ICICI Direct 5.5 hours ago — Economic Times
  • Buy Sun Pharmaceutical Industries, target price Rs 988.7 : ICICI Direct 5.5 hours ago — Economic Times
  • Buy PI Industries, target price Rs 3750: Jayesh Bhanushali 5.5 hours ago — Economic Times
  • Buy Coforge, target price Rs 4740: Jayesh Bhanushali 5.5 hours ago — Economic Times

• Active Covid-19 Cases In Country Dip To 3,925

  The Covid-19 case tally was recorded at 4.49 crore.
  6 hours ago — Bloomberg Quint

• India’s manufacturing PMI hits highest level since October 2020 in May

  Overall business confidence levels about growth prospects continued to improve after hitting an eight-month low in March, to hit a five-month high in May
  6 hours ago — The Hindu Business

• TCS Clarifies On Work From Office Policy For All Employees

  TCS has reportedly started sending memos to those who are not completing 12 days of work from office in a month.
  6 hours ago — Bloomberg Quint

• In Pics: SpaceX Axiom 2 mission crew with Saudi- astronauts splashes down

  The Axiom Mission 2 (Ax-2) crew took off aboard a SpaceX Falcon 9 rocket from the Kennedy Space Center in Cape Canaveral on May 21. The company carried out its first private mission to the ISS in April last year, with each of its three paying crew members reported to have paid tens of millions of dollars for their tickets.
  6 hours ago — Moneycontrol

• Mphasis Shares Gain The Most In Eight Weeks On Launch Of AI Unit Mphasis.ai

  Mphasis launched Mphasis.ai to utilise the potential of artificial intelligence and maximize business outcomes.
  6 hours ago — Bloomberg Quint

• China AI startup MiniMax raising over $250 million from Tencent-backed entity, others: Report

  The deal comes amid a global AI buzz kicked off by ChatGPT that has spread to China, shoring up stocks in artificial intelligence firms and prompting a flurry of domestic companies, such as Alibaba, Huawei, and Baidu, to announce rival products.
  6 hours ago — Moneycontrol

• TCS CEO Krithivasan lays out vision for future with focus on AI, cloud, cybersecurity

  In the internal note seen by Moneycontrol, Krithivasan reminisced about his early days, calling it a period of "continuous learning"
  6 hours ago — Moneycontrol

• As many as three economists predict correct GDP numbers

  Nirmal Bang's Teresa John, Axis Bank's Saugata Bhattacharya, and Abhishek Gupta of Bloomberg Economics have correctly predicted the fiscal 2023 gross domestic product numbers at 7.2%.
  6 hours ago — Moneycontrol

• We expect earnings growth to be in mid-teens for AMCs: Pankaj Pandey

  ​But the challenges are still there in terms of regulatory, so which is why if you have to play, banks are a better bet. So, I will play it through HDFC Bank rather than playing it individually through HDFC AMC or HDFC Life. So, if I have to ride that opportunity, banks are offering a slightly better option compared to chasing individual names.
  6 hours ago — Economic Times

• Laurus Labs Shares Gain As It Plans To Raise Stake In Gene Therapy Company

  Laurus Labs to buy 7.24% stake in Immunoadoptive Cell Therapy for Rs 80 crore, taking its total holding to 33.86%.
  6 hours ago — Bloomberg Quint

• Morgan Stanley report on India's transformation under PM Modi indictment of UPA's lost decade: Rajeev Chandrasekhar

  Speaking to PTI on Wednesday, Chandrasekhar said the report reminds Indians how the Congress-led UPA had left "a shattered economy" in 2014. Nine years later, India has emerged as one of the fastest-growing economies in the world with record FDI, he said.
  6 hours ago — Moneycontrol
  • Morgan Stanley report on India's transformation under Modi indictment of UPA's lost decade: Rajeev Chandrasekhar 6 hours ago — Moneycontrol

• IRCTC, Zomato among top 10 fastest-growing companies in Nifty Next 50 pack

  As Q4 results season draws to a close, ETMarkets tracks the top 10 fastest-growing companies from the Nifty Next50 index.
  6 hours ago — Economic Times

• No stress in BFSI, NBFC shares to catch up with rest of market: Mahesh Patil

  The non-banking financial companies underperformed during the interest-rate hike cycle last year but Patil expects them to catch up this year
  6 hours ago — Moneycontrol

• Elon Musk Becomes The Richest Person In the World Again; Check His Total Net Worth

  According to Bloomberg Billionaires Index, Elon Musk surpassed Bernard Arnault on Wednesday after shares of Arnault's LVMH fell.
  6 hours ago — Bloomberg Quint
  • Elon Musk again becomes World's richest person as Arnault's LVMH sinks 6 hours ago — Business Standard
  • Elon Musk again world’s richest person as Bernard Arnault’s LVMH sinks 6 hours ago — Moneycontrol

• Apollo Hospitals gains 4% on growth plan, brokerages also positive

  Most brokerages have a 'buy' call for Apollo Hospitals, seemingly impressed with the company's strong growth plan and aim to bring down losses at Apollo Health Co
  6 hours ago — Moneycontrol

• India's Manufacturing PMI Hits 31-Month High In May

  The India Manufacturing Purchasing Managers’ Index rose to 58.7 in May compared to 57.2 in April, according to IHS Markit.
  6.5 hours ago — Bloomberg Quint

• Chart Check: This smallcap stock reclaims 200-DMA on daily charts; is it a value buy after 30% fall from highs

  Himatsingka Seide's stock price has bounced back above its crucial short-term trading averages and its 50- and 200-DMA, which is seen as a bullish sign, after falling more than 30% from August 2022 highs. Although it is still down 32% from its respective 52-week high of Rs 127, short-term traders may consider buying the stock now, with experts suggesting a possible target of Rs 110-120 in the next two months. The Relative Strength Index (RSI) is also well placed, making further upside potential visible, according to Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher.
  6.5 hours ago — Economic Times

• 2 stocks Pankaj Pandey is bullish on from NBFC sector

  ​So not major challenges we see from earnings growth perspective given the fact that most of the bigger sectors, especially banking are sort of firing all cylinders.
  6.5 hours ago — Economic Times

• South Indian Bank Shares Rise After Board Shortlists MD, CEO Candidates

  The bank will now submit its application to the RBI with the names of the candidates in order of preference.
  6.5 hours ago — Bloomberg Quint
  • Stocks in news: South Indian Bank, Coal India, HDFC Life, SAIL, Adani Green 6.5 hours ago — Economic Times

• May PMI manufacturing comes at 58.7; hits 31-month high on strong demand

  Demand conditions demonstrated remarkable strength, with factory orders rising at the fastest pace since January 2021
  6.5 hours ago — Business Standard

• Government Slashes Import Tariffs On Palm Oil, Gold, And Silver

  The new base import prices will come into effect from June 1.
  6.5 hours ago — Bloomberg Quint

• Oil prices to remain in mid-70s range for next six months: Vandana Hari

  ​So, Russia is not keen to implement any further cuts. In fact, it has not even fully implemented the cuts that it had promised of about half a million barrels per day.
  6.5 hours ago — Economic Times

• Coal India shares plunge 5% as two-day OFS opens

  Coal India's shares declined almost 5% following India's government's announcement to sell a 3% stake in the company through the offer for sale (OFS) route, starting today. The government seeks to raise Rs 4,200 crore ($567 million) from the two-day OFS, with a base offer to sell up to 1.5% of the total paid-up equity. Retail investors can buy shares on 26 March. Non-institutional investors can carry forward their bids until Friday to allocate the retail category. Coal India's profits fell by 18% YoY, with revenue from operations increasing by 17%.
  6.5 hours ago — Economic Times

• India's Ten-Year Transformation To Lift Profits, Rerate Stocks, Says Morgan Stanley

  India gained position in the world order in the last 10 years, with significant positive consequences for macro, market outlook.
  7 hours ago — Bloomberg Quint

• Rupee rises 39 paise to 82.36 against US dollar

  India's rupee rose by 39 paise to 82.36 against the US dollar in early trade on Thursday due to positive macroeconomic data released by the Controller General of Accounts (CGA) of the Union government on Wednesday. The data show that the fiscal deficit narrowed to 6.4% of the GDP in 2022-23, down from 6.71% in FY22. The dollar index, meanwhile, fell by 0.09% to 104.23 against a basket of six currencies, and Brent crude futures declined 1.20% to USD 72.66 per barrel.
  7 hours ago — Economic Times

• MOIL Shares Rise The Most In Five Weeks After It Hikes Manganese Ore Prices

  The company increased the prices of manganese ore grades BGF452, CHF473, and GMF569 by 10%, effective June 1.
  7 hours ago — Bloomberg Quint
  • MOIL gains 4% as price hike expected to improve margins 7 hours ago — Moneycontrol

• Watch | Business Matters: Why did the government panel think it was time for diesel vehicles to go?

  A video on the Indian government’s plan to discourage four-wheel diesel vehicles in the coming years
  7 hours ago — The Hindu Business

• BRICS Seize Chance To Counter U.S. With Expansion, Common Currency

  The BRICS group of emerging markets is ramping up its bid for greater global influence, sensing a moment to capitalize on the splintering world order to build out its ranks beyond Brazil, Russia, India, China and South Africa.
  7 hours ago — Bloomberg Quint

• Alibaba To Build ChatGPT-Like AI Into Meeting, Messaging Apps

  Alibaba Group Holding Ltd. is integrating its most advanced artificial intelligence system into its Slack-like DingTalk messaging app and a meeting assistant named Tingwu.
  7 hours ago — Bloomberg Quint

• Airlines Weigh Passengers to See If Covid, Remote Work, Has Made Them Heavier

  Air New Zealand Ltd. is the latest to ask travelers to be weighed before flying, carrying out a survey in Auckland through June. The carrier plans to ask more than 10,000 customers boarding international flights to take part, saying the data will help it calculate the “weight and balance of the loaded aircraft.”
  7 hours ago — Bloomberg Quint

• Bajaj Auto share price gains nearly 2% on better sales data

  The commercial vehicles sales were up 80 percent at 47,452 units versus 26,369 units, YoY.
  7 hours ago — Moneycontrol

• Buy PNB Housing Finance, target price Rs 535: Jayesh Bhanushali

  PNB Housing Finance key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities for the year ending 31-Mar-2022.
  7 hours ago — Economic Times

• AI Boom Gets Fresh Gut Check As Nvidia Drops Most Since January

  Investors riding the rapid ascent of the artificial intelligence theme are experiencing a hiccup as shares of Nvidia Corp. and other major players slip after a powerful rally.
  7 hours ago — Bloomberg Quint

• Affable, execution-focussed, empathetic: Meet K Krithivasan, who takes charge of TCS today

  As he settles into his new role at the corner office, the new TCS chief executive will have to focus on ensuring growth in key markets such as the US and Europe, and striking the right balance between growth-focused large deal wins and small/ mid-sized deals, say analysts.
  7 hours ago — Moneycontrol

• Want to invest in Warren Buffett style? Check out these 9 Indian stocks

  If you are one of those investors who follow the investment philosophy laid down by chairman and CEO of Berkshire Hathaway Warren Buffett, then a custom screen made by MarketSmith can prove to be useful.
  7 hours ago — Economic Times

• Auto Sales In May 2023 Live: Bajaj's India Dispatches Double But Exports Decline

  Here's a look at how India's automakers' sales fared in the month gone by.
  7 hours ago — Bloomberg Quint

• Kim Jong Un weighs over 140 kg: South Korea uses AI to assess North Korean leader

  A South Korean lawmaker said Kim Jong Un was believed to be suffering from a 'severe' sleeping disorder, citing an intelligence report.
  7.5 hours ago — Moneycontrol

• Apollo Hospital: Wait until the fog clears

  A credible profitability roadmap for pharmacy is the ask
  7.5 hours ago — Moneycontrol

• India grew at faster pace in FY23; what does it mean for Dalal Street investors?

  The Indian economy grew by 7.2% in the fiscal year 2022-23, led by the services sector, beating the government's previous estimate of 7.0%. The growth was driven by continued investments and net exports, despite higher interest rates and weaker real income growth. Mohit Ralhan, CEO of TIW Capital, expects India to remain one of the fastest-growing major economies despite the RBI's expectation of growth moderating to 6.5% YoY in FY24. Money managers recommend investing in domestic growth-oriented sectors such as banks, industrials and consumption-driven companies, as they are likely to perform better than those with global exposure.
  7.5 hours ago — Economic Times

• Stock Market Live: Sensex rises 100pts; Realty, IT stocks lead, CIL dips 4%

  Stock market live on June 1, 2023: Coal India dropped 4 per cent as the government's OFS floor price of Rs 225 per share, was 7 per cent below its last closing price of Rs 241
  7.5 hours ago — Business Standard
  • Stock Market Live: Quiet open likely for Sensex, Nifty; Asian shares higher 7.5 hours ago — Business Standard
  • Stock Market Live: Asian shares higher as US House passes debt ceiling bill 7.5 hours ago — Business Standard
  • Government To Sell Up To 3% Stake In Coal India Via Offer For Sale 7.5 hours ago — Bloomberg Quint

• GDP expands 6.1% in Q4: Read top brokerages views on the road ahead

  The unexpected surge in the GDP numbers is due to a better-than-expected performance in the last quarter of the fiscal, and boosted by services, exports, and agriculture.
  7.5 hours ago — Moneycontrol

• JK Paper: Can it sustain the good show of FY23?

  Volume growth and higher sales realisation drove strong earnings in the fourth quarter
  7.5 hours ago — Moneycontrol
  • India's GDP Grows Faster Than Expected At 6.1% In Q4, 7.2% In FY23 7.5 hours ago — Bloomberg Quint

• Monthly sales of Rs 25 cr each! Apple's India stores hit it out of the park

  Apple's new stores in Delhi and Mumbai have grossed monthly sales of more than Rs 22-25 crore each
  7.5 hours ago — Business Standard

• MC Explains: Will allowing registration of completed flats during insolvency process bring relief to homebuyers?

  While the proposal may benefit lakhs of homebuyers, it would require consent from 66 percent of the committee of creditors.
  7.5 hours ago — Moneycontrol

• India equity funds have seen very steady and strong inflows: Cameron Brandt

  There is, however, I think a lot of liquidity out there. The money funds that we track have absorbed over 600 billion so far this year and we are heading into the mid-June estimated tax payments which will bring a rush of money into federal coffers.
  7.5 hours ago — Economic Times

• Hot Stocks: Brokerage view on Apollo Hospitals, Prestige Estates, Bharti Airtel and City Union Bank

  Global brokerage firms have maintained their ratings on Apollo Hospitals, Prestige Estates and Bharti Airtel, while City Union Bank has been downgraded to Neutral. Jefferies has a buy rating on Apollo Hospitals and Prestige Estates, with target prices of Rs 5300 and Rs 560 respectively. Meanwhile, CLSA has maintained a buy rating on Bharti Airtel, with a target price of Rs 140. Macquarie has downgraded City Union Bank to Neutral, with a target price of Rs 140, citing weaker growth and ROA inconsistencies.
  7.5 hours ago — Economic Times

• Uncertainty in global markets to stay even after debt ceiling resolution: Anurag Singh

  You cannot touch it and until you tackle those tough questions, basically, you cannot do much. So, basically, it is just about $700 to $800 billion of spending was all that was to discuss and that is all they have discussed ultimately.
  7.5 hours ago — Economic Times

• Sensex, Nifty open on a cautious note tracking mixed global cues

  India’s equity market opened flat with the S&P BSE Sensex at 62,668.62, up 0.07%, while the Nifty50 was trading at 18,547.60, up 0.07%. The country's gross domestic product grew at 6.1% in the last quarter of the previous fiscal, beating analysts' estimates. However, the Reserve Bank of India’s estimated Q4FY23 real GDP growth rate is 5.1% and SBI Research projects a rate of 5.5%. Reuters predicted India's economy to grow at 5% in the January-March quarter due to steady urban demand and government spending.
  7.5 hours ago — Economic Times

• No one expecting US to default on its debt: Craig Erlam

  We have seen this before. We have been here before and it all ends the same way, an 11th hour deal and that is what everyone has been expecting and that looks as though what we are going to get once more.
  8 hours ago — Economic Times

• Buy or Sell: Stock ideas by experts for June 01, 2023

  
  8 hours ago — Economic Times

• Stocks in focus:Coal India, ONGC and more

  
  8 hours ago — Economic Times

• These 7 large & midcap stocks scaled fresh all-time highs!

  
  8 hours ago — Economic Times
  • These 8 healthcare stocks touch their new 52-week highs. 8 hours ago — Economic Times

• Apple Tests New High-End Macs With M2 Max and M2 Ultra Chips Ahead of WWDC

  Apple Inc. is testing a pair of new high-end Macs and their accompanying processors ahead of its Worldwide Developers Conference next week, suggesting that its nearing the release of professional-focused desktop computers.
  8 hours ago — Bloomberg Quint

• Indices likely to open flat | Coal India, Patanjali Foods in focus | Opening Bell

  Nifty futures on the Singapore Exchange traded 51.5 points, or 0.28 per cent, lower at 18,612.50, signaling that Dalal Street was headed for a negative start on Thursday. Oil falls after a large surprise build in US crude stocks. Catch Stacy Pereira, Moneycontrol in conversation with Chandan Taparia, Technical Analyst.
  8 hours ago — Moneycontrol

• Stocks to buy today: 3 short-term trading ideas by experts for 1 June 2023

  Indian market is expected to consolidate on Thursday, as S&P BSE Sensex plunged over 300 points while Nifty50 managed to hold the 18500 levels. The India VIX was down by 0.31%, and volatility remained in the same range. The weekly maximum Call OI is at 18600, followed by 18700 strikes, and the maximum Put OI at 18500. PNB Housing, Coforge and PI Industries are some of the recommended short-term trading horizon stocks. Experts suggest a broader trading range between 18300 to 18800 zones and an immediate range of 18450 to 18700 zones.
  8 hours ago — Economic Times

• India's Q4 GDP surprise, Coal India OFS & grey market sentiment check | Market Minutes

  In this episode of Market Minutes, Shailaja Mohapatra talks about India's Q4 GDP numbers, Coal India OFS and the subdued sentiment in global markets. Also, catch Manish Khanna, co-founder of Unlisted Assets, in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends (with inputs from Shivam Shukla and news agencies)
  8 hours ago — Moneycontrol

• What powered GDP growth in the March 2023 quarter?

  The momentum in capex could be the beginning of the long-awaited corporate capex cycle while growth in the construction sector will support jobs and consumption
  8 hours ago — Moneycontrol

• Bengaluru airport trains cancelled by railways citing low ridership, staff shortage; passengers fume

  KIA halt station, located 3.5km from the KIA terminal, was built by BIAL at a cost of around Rs 3 crore, and was inaugurated on January 4, 2021.
  8 hours ago — Moneycontrol

• Obesity Shot Frenzy Makes Eli Lilly World’s Most Valuable Drugmaker

  Eli Lilly & Co.’s third straight month of gains has helped it become the largest pharmaceutical company in the world by market value, surpassing Johnson & Johnson.
  8 hours ago — Bloomberg Quint

• World Milk Day 2023: Health benefits of milk, a nutritional powerhouse for bone health and more

  World Milk Day 2023: Packed with essential nutrients like calcium, vitamin A, protein, and zinc, milk is a vital ingredient consumed by over 6 billion people worldwide. From promoting bone health to aiding muscle growth, milk offers a range of advantages, making it a sought-after dietary staple.
  8 hours ago — Moneycontrol

• Jaguar Land Rover recalling I-PACE vehicles in US over fire risks

  JLR, which is owned by India's Tata Motors, on Wednesday said the battery energy control module software will be updated and battery modules will be replaced as necessary in certain 2019-2024 model year vehicles.
  8 hours ago — Moneycontrol

• ETMarkets Smart Talk: Poonam Tandon like stocks in banking, capital goods, infrastructure, and utilities which offer growth

  The ongoing rate tightening has begun to impact the financial systems in developed markets, leading to the collapse of some regional banks in the US.
  8 hours ago — Economic Times

• China leads in fourth week of emerging market ETF outflows; India gets inflows

  India's growing significance as an alternative to China has incentivised investors to shift their focus towards the opportunities that India presents
  8 hours ago — Moneycontrol

• Asia stocks gain as Fed hike bets recede, debt vote eases nerves

  The dollar sagged to a one-week low versus the yen and hung close to Wednesday's more-than-two-month trough to the euro after Federal Reserve officials including Governor and vice chair nominee Philip Jefferson pointed to a rate hike "skip" at the June 13-14 policy meeting.
  8.5 hours ago — Moneycontrol

• Tennis champ Garbine Muguruza gets engaged to fan who once asked her for selfie

  Two-time Grand Slam champion Garbine Muguruza is engaged to a fan she met entirely by chance in 2021.
  8.5 hours ago — Moneycontrol

• Auto sales May 2023: Cars, two-wheelers thrive; commercial vehicles face challenges

  Overall, there are expectations for volume growth, with passenger vehicle sales shining in May. However, volumes for commercial vehicles are expected to be subdued due to advance buying in previous months.
  8.5 hours ago — Moneycontrol

• Rupee to rise on Fed pause bets, positive GDP surprise

  Non-deliverable forwards indicate rupee will open at around 82.64-82.66 to the U.S. dollar compared with 82.7225 in the previous session
  8.5 hours ago — The Hindu Business

• OPEC Excludes Bloomberg, Reuters And WSJ Reporters From Meeting

  The organization’s secretariat typically gives accreditation to any journalist who wants to cover the meeting at their headquarters. This time, that opportunity wasn’t offered and invitations were sent directly to reporters.
  8.5 hours ago — Bloomberg Quint

• Big Movers on D-Street: What should investors do with Suzlon Energy, Torrent Pharma and Sona BLW?

  Benchmark indices in India closed lower on the last day of May, with the S&P BSE Sensex declining 346 points, and Nifty50 settling at 18,534 levels, amid negative global market signals. The auto and FMCG sectors saw gainings, while bank, metals, and financials dragged. Stocks in focus include Suzlon Energy, which gained 10%, Torrent Pharma, up 6.15%, and ONGC, down nearly 6%. Stoxbox Head-Technical Analyst Rohan Shah advises investors to buy Torrent Pharma, stating the stock has been trading in an ascending channel and Suzlon Energy, stating the stock has risen over 52% and may attract further upward moves above Rs 11.50.
  8.5 hours ago — Economic Times

• ​6 Nifty500 midcaps hint bearish trend may be seen soon​

  
  8.5 hours ago — Economic Times

• US debt vote passage boosts Asian markets, Fed now in view

  Asian markets mostly rose following the US House's bill to prevent default and ahead of the Federal Reserve's next policy meeting and China's economic state. The bill will now go to the Senate. If passed, it would prevent a default that many had feared would severely damage the global economy and markets. Hong Kong, Tokyo, Shanghai, Singapore, Wellington and Manila all rose, but Seoul and Taipei struggled. Investors now await US jobs data along with concerns about China's economy, which continues to show signs of fragility.
  8.5 hours ago — Economic Times

• Golden Crossovers: Apollo Hospitals among 4 stocks signalling further bullishness

  In the NSE list of stocks, 4 stocks with a market cap of over Rs 10,000 crore are witnessing Golden Crossovers, according to StockEdge’s technical scan data.
  9 hours ago — Economic Times

• Developing Countries Are Being Asked To Fund EU’s Decarbonisation Efforts

  If the EU genuinely seeks to address carbon leakage, it may not object to India introducing a price adjustment.
  9 hours ago — Bloomberg Quint

• Dollar retreats as Fed pause eyed; U.S. debt deal clears House

  The US dollar slumped from its two-week high on Thursday as investors reduced their bets on an interest-rate increase. Although the U.S. House of Representatives had passed a bill to suspend the $31.4tn debt ceiling earlier in the week, the focus is now on how it will fare in the Democratic-led Senate. The dollar was mixed in Asia trade and hardly reacted to the vote. Markets currently believe that there is about a 26% chance that the US Federal Reserve will increase the rate 25 basis points at the meeting, down from the near 67% chance a day before.
  9 hours ago — Economic Times
  • Wall St falls as labor data spurs rate hike jitters before debt ceiling vote 9 hours ago — Economic Times

• ​These 5 Nifty500 stocks form bullish engulfing pattern

  ​On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend in the future.​​
  9 hours ago — Economic Times
  • ​2 stocks showing reversal to bearish trend on Candlestick scan​ 9 hours ago — Economic Times

• A June skip jumps to the fore following latest Fed comments

  Federal Reserve officials suggest skipping a June rate hike, resulting in a quick reversal of market expectations, as the US central bank weighed the value of caution against still-strong inflation data. Governor and vice-chair nominee Philip Jefferson said any decision to hold rates steady should not be viewed as the end of the tightening cycle. His remarks were taken as a cue, two days before the start of a blackout period that prohibits further public comment about the 13-14 June policy meeting. The rate hike skip has now become jargon for an emerging compromise.
  9 hours ago — Economic Times

• Cheteshwar Pujara's inputs will be invaluable for Indian batters: Sunil Gavaskar ahead of WTC final

  With Pujara's knowledge and captaincy experience (at Sussex), his inputs could prove invaluable, especially against Australian batter Steve Smith, who is also a part of his county side.
  9 hours ago — Moneycontrol

• Morning Digest | 16 parties confirm participation for the June 12 Opposition meet; Centre to provide air connectivity for Manipur’s hill areas; and more 

  Here’s a select list of stories to read before you start your day
  9 hours ago — The Hindu Business

• Trade Spotlight | How to trade in PI Industries, Dixon Technologies, CDSL today

  Dixon Technologies jumped over 5 percent to Rs 3,878.75, the highest closing level since January 3, 2023, and formed long bullish candlestick pattern on the daily scale with above average volumes. Largely, the stock has seen healthy uptrend in the second half of May.
  9 hours ago — Moneycontrol

• Morning Scan: All the big stories to get you started for the day

  A round-up of top newspaper stories to keep you ahead of others.
  9 hours ago — Moneycontrol
  • Moneycontrol Daily: Your Essential 7 9 hours ago — Moneycontrol

• Gold trades in tight range as market awaits debt ceiling vote

  Gold prices increased slightly in Asia, supported by a weaker dollar, but was range-bound as traders watched for the critical U.S. debt ceiling vote. Spot gold rose 0.2% to $1,965.61 per ounce while U.S. gold futures increased 0.2% to $1,965.20. The dollar index eased from a more than two-month high, prompting buyers from overseas to purchase more of the metal. Investors kept a watchful eye on the vote, which would be critical to global financial markets if a default occurred. Data showed that U.S. job openings in April increased, pointing to a strong labour market with the potentiality to prompt the Fed to raise interest rates.
  9 hours ago — Economic Times

• Amul celebrates World Milk Day with its signature doodle

  Amul marked World Milk Day 2023 with its signature doodle, which features its mascot - the Amul girl. World Milk Day is celebrated worldwide on June 1.
  9 hours ago — Moneycontrol

• He is first one to turn up for training and leaves last: Josh Hazlewood praises RCB teammate Virat Kohli ahead of WTC showdown

  Josh Hazlewood, who has been battling with multiple injuries over the last six months, had to cut short his IPL stint with a side issue. However, he feels he is not far from bowling full tilt as Australia gear up for the big final.
  9 hours ago — Moneycontrol

• Elon Musk again world’s richest person as Arnault’s LVMH sinks

  Arnault first surpassed Musk in December as the tech industry struggled and luxury showed resilience in the face of inflation. LVMH, which Arnault founded, owns brands including Louis Vuitton, Fendi and Hennessy. Faith in the luxury sector’s buoyancy is starting to fade amid mounting signs of slowing economic growth, particularly in the critical market of China. LVMH shares have tumbled about 10% since April, at one point wiping $11 billion from Arnault’s net worth in a single day.
  9 hours ago — Economic Times

• Hot Stocks | Here is why you should bet on Borosil Renewables, PI Industries, LTIMindtree in short term

  LTIMindtree has experienced a double bottom breakout, which is a bullish signal indicating a potential upward movement in price. Additionally, it has been able to sustain above its near-term 21-day exponential moving average (21EMA), further strengthening the positive outlook.
  9.5 hours ago — Moneycontrol

• Oil falls after large surprise build in US crude stocks

  Oil prices slipped for the third consecutive session after unexpected data showed a large increase in American crude stocks, boosting fears of oversupply. The surprising build undermined the impact of production cuts imposed by OPEC+, and has stoked fears of weaker demand from China, the world's second largest consumer of oil. June 4 sees a crucial OPEC+ meeting, with analysts suggesting that a deal to cut production further will not be announced. In addition, markets are increasingly concerned that unusually strong US labour market data released on Wednesday will result in a hike in interest rates by the Federal Reserve.
  9.5 hours ago — Economic Times

• Stock Market Live: SGX Nifty Signals A Tepid Start; Coal India, Tata Motors, M&M, HDFC Life, Gati In Focus

  Live updates on India's equity markets on June 1.
  9.5 hours ago — Bloomberg Quint
  • Stock Market Live Updates: SGX Nifty signals a negative start; Asian shares trade lower 9.5 hours ago — Economic Times
  • Stocks To Watch: Coal India, Tata Motors, Mahindra & Mahindra, Bank Of India, HDFC Life Insurance, Gati 9.5 hours ago — Bloomberg Quint

• Japan tells US it wants closer cooperation to deal with North Korea

  "We need to strengthen ties between Japan and the U.S. and also between Japan, the U.S. and ROK (Republic of Korea), as it possible that North Korea launches again," Hamada told Austin at a meeting in Tokyo
  9.5 hours ago — Moneycontrol

• ​These 5 Nifty50 largecaps see Aggressive New Long positions​

  ​This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased. ​
  9.5 hours ago — Economic Times

• Buzzing Stocks: Coal India, MOIL, Laurus Labs, Max Healthcare & others in focus today

  Stocks to Watch: Check out the companies making headlines before the opening bell today.
  9.5 hours ago — Moneycontrol
  • Stocks To Watch: Coal India, Tata Motors, Mahindra & Mahindra, Bank Of India, HDFC Life Insurance, Gati 9.5 hours ago — Bloomberg Quint

• US House passes debt-limit deal easing default concerns; Bill now in Senate

  The House passed debt-limit legislation forged by President Joe Biden and Speaker Kevin McCarthy that would impose restraints on government spending through the 2024 election
  9.5 hours ago — Business Standard
  • US House passes debt ceiling deal as default threat looms 9.5 hours ago — Moneycontrol

• U.S. House Passes Debt-Limit Bill, Easing Default Fears

  Lawmakers in the Republican-controlled house approved the bill by 314-117 votes.
  9.5 hours ago — Bloomberg Quint

• NASA UFO panel in first public meeting says better data needed

  The 16-member body, assembling experts from fields ranging from physics to astrobiology, was formed last June to examine unclassified UFO sightings, which it refers to as UAPs, and other data collected from civilian government and commercial sectors.
  9.5 hours ago — Moneycontrol

• Capillary Technologies raises $45 million in Series D funding round

  Founded in 2012 by Aneesh Reddy, Ajay Modani, and Krishna Mehra, Capillary Technologies has a presence across the United States, India, the Middle East, and Asia, in particular, Southeast Asia.
  9.5 hours ago — Moneycontrol

• Stock Market Today: Top 10 things to know before the market opens

  Foreign institutional investors (FIIs) bought shares worth Rs 3,405.90 crore, whereas domestic institutional investors (DIIs) sold shares worth Rs 2,528.52 crore on May 31, provisional data from the National Stock Exchange shows.
  10 hours ago — Moneycontrol
  • FPIs Stay Net Buyers For The Eighth Straight Day 10 hours ago — Bloomberg Quint

• Apple App commerce climbed 29% last year to $1.1 trillion

  A study from Analysis Group that was commissioned by Apple found that annual sales and billings — which include money from apps and subscriptions, in-app advertising and physical goods or services — climbed more than 80% on the App Store since 2019. The latest annual increase was an uptick from growth of 27% in 2021 and 2020.
  10 hours ago — Moneycontrol

• Apple tests new high-end Macs ahead of WWDC

  The company is planning two new Mac models — labeled internally as Mac 14,13 and Mac 14,14 — that run the M2 Max processor announced in January and a yet-to-be-unveiled M2 Ultra chip.
  10 hours ago — Moneycontrol

• We like to bet big on high growth, durable companies: Amit Jeswani

  We do not own that auto player there because we are not so sure about the 30% growth, only 25% of the business which is Mercedes business is something very good in that business and the after sales business.
  10 hours ago — Economic Times

• Global money chases alternatives in Asia amid China anxiety

  The divergence has been on full display this week. A key Chinese stock gauge saw losses from its recent peak reach 20% just as South Korea’s Kospi flirted with a bull market and benchmarks in India approached all-time highs.
  10 hours ago — Moneycontrol

• SGX Nifty down 50 points; here's what changed for market while you were sleeping

  Benchmarks will likely react to GDP data, which beat the analyst estimates in the fourth quarter by growing at 6.1%. Analysts say a positive macro date would give direction to RBI in its upcoming policy meeting.
  10 hours ago — Economic Times

• Debt Ceiling Live: Debt limit deal to avert default passes House, goes to Senate

  Debt Ceiling Live: After today's vote, the bill will next go to the Senate, where objections if any from conservatives could results in days of debate.
  10 hours ago — Moneycontrol

• How does the RBI make money?

  An explainer on how the RBI makes money
  10 hours ago — Finshots

• Here's why Sudip Bandyopadhyay is bullish on Federal Bank

  ​This has led to a decent and ever-growing margin, net interest margin of close to 4% and I think that is a pretty commendable considering the bank has gone through quite a lot over the years.
  10 hours ago — Economic Times

• EV maker Lucid to raise $3 billion, mainly from Saudi's PIF

  PIF, which owns more than 60% of the company, has agreed to buy 265.7 million shares in a private placement for about $1.8 billion, Lucid said, implying a price of about $6.80 per Lucid share, compared with the stock's Wednesday close of $7.76.
  10.5 hours ago — Moneycontrol

• Q4 GDP numbers spring a surprise, lift FY23 growth to 7.2%; India stays fastest-growing major economy

  India's economy grew by 7.2% in FY23, higher than previously predicted, due to strong growth in the last quarter. In that quarter, GDP rose by 6.1% YoY, while in the preceding two quarterly reports it had risen by 4.5% and 4.8% respectively. Despite concerns that private consumption was sluggish, with a rise of just 2.9%, an increase in government capital spending boosted gross fixed capital formation by 8.9%, and private consumption grew 7.5% in the past financial year.
  10.5 hours ago — Economic Times

• Bill Ackman calls on JPMorgan CEO Jamie Dimon to run for US president

  "I love my country, and maybe one day I'll serve my country in one capacity or another," Dimon said in an interview with Bloomberg TV earlier on Wednesday, when asked if he would ever consider public office.
  10.5 hours ago — Moneycontrol

• Italy approves bill to set up $1.1 billion fund for strategic firms

  The upcoming national strategic fund for "Made in Italy" products will have an initial endowment of 1 billion euros ($1.10 billion) in state cash, the statement said, adding it would also aim to boost procurement of "critical raw materials."
  10.5 hours ago — Moneycontrol

• Sebi proposes stringent FPI ownership disclosure rules

  These proposals come amid Sebi's probe into allegations regarding infringements of overseas investor ownership and minimum public shareholding rules by the Adani Group made in the late January Hindenburg Research report that triggered a crash in its stocks.
  10.5 hours ago — Economic Times

• Global Money Is Fast Chasing Alternatives In Asian Equities As China Anxiety Grows

  As frustration over China’s equity performance heightens, some of Asia’s other major markets are powering ahead in their own rights and emerging as more formidable alternatives for global investors.
  10.5 hours ago — Bloomberg Quint

• Valuation comfort makes PSUs attractive

  ONGC, Indian Oil, Power Finance Corporation (PFC), REC, SAIL, General Insurance, Oil India, and New India Assurance are among the PSUs trading below their book value. ONGC, which rallied 10% in the last six months, is trading at a book value of 0.71 times. According to the Bloomberg Consensus estimates, the stock is expected to yield 18% in a year.
  10.5 hours ago — Economic Times

• Currency in circulation down Rs 36,000 cr week after Rs 2k note move

  Latest RBI data shows that the outstanding currency in circulation (CIC) as on May 26 was at ₹34.4 lakh crore, registering a weekly fall of ₹36,492 crore. A decline in CIC reflects less leakage of funds from the banking system.
  10.5 hours ago — Economic Times

• Amazon Employees Walk Out To Protest Climate, RTO Policies

  Amazon.com Inc. employees walked off the job Wednesday to protest the company’s return-to-work policies, impact on the climate and deepest-ever round of layoffs.
  10.5 hours ago — Bloomberg Quint

• HDFC raises Rs 8,325 crore via bond issue

  The debt issue is part of the ₹57,000 crore fundraising plan approved by HDFC's board of directors at its meeting held on March 27, 2023.
  10.5 hours ago — Economic Times

• Abrdn sells 1.66% stake in HDFC Life for Rs 2,069 crore

  SBI Mutual Fund bought 1.42 crore shares worth ₹823 crore, while Society Generale purchased 33 lakh shares worth ₹193 crore. Other large buyers include Norges Bank, WF Asian Smaller Companies Fund, Aditya Birla Sun Life MF, ICICI Prudential Mutual Fund, and T Rowe Price Asia bought shares worth between ₹100 crore and ₹150 crore.
  11 hours ago — Economic Times

• North Korea's Kim Yo Jong promises more spy satellite launches

  "We are ready to act whatever it may be in defending its sovereign right and interests," Kim, a powerful government official in her own right, said in a statement carried by KCNA.
  11 hours ago — Moneycontrol

• Fed Signal For Rate Pause Takes Pressure Off Hot Jobs Report

  Federal Reserve officials are signaling they plan to keep interest rates steady in June while retaining the option to hike further in coming months, steering market expectations ahead of a key employment report.
  11 hours ago — Bloomberg Quint

• US set to allow GE to make engines in India for New Delhi's military jets

  A deal finalizing the joint production of the engines is expected to be inked and announced by the time President Joe Biden hosts Indian Prime Minister Narendra Modi for an official state visit on June 22, the people said on condition of anonymity because the decision has not been made public.
  11 hours ago — Moneycontrol

• Govt to sell up to 3% in Coal India via OFS

  The government has proposed to sell up to 9.24 crore shares representing 1.50% of the total paid-up equity as a base offer with an option to additionally sell 9.24 shares or 1.5% of the company equity in the event of oversubscription.
  11 hours ago — Economic Times
  • Govt to sell up to 3% stake in Coal India via OFS 11 hours ago — Economic Times

• Tesla doubles discounts on Model 3 cars in US inventory

  In California, a Model 3 variant in inventory was priced at $42,060, a discount of $2,680 to the price of newly ordered cars, according to its website. That is double the $1,300 discount on Model 3 cars offered less than two weeks ago.
  11 hours ago — Moneycontrol

• Shares close mixed, Nvidia's 3% rise offsets debt ceiling jitters

  The S&P 500 (.SPX) index closed essentially flat but remained near its highest level since August 2022, just above 4,200 points. The Dow Jones Industrial Average also was lower while the Nasdaq Composite (.IXIC) rose. The S&P 500 and the Nasdaq were still set for monthly gains in May.
  11 hours ago — Moneycontrol

• Liquidity surplus shoots past Rs 1 lakh crore

  In the first fortnight of May, the average daily quantum of extra funds parked by banks with the RBI dropped to ₹56,578 crore, almost four times lower than an average daily surplus of ₹2 lakh crore in the same period a month ago.
  11 hours ago — Economic Times

• Asia To Echo Wall Street Drop; Dollar, Treasuries Rise: Markets Wrap

  Track the global equity, currency & commodity markets here.
  11.5 hours ago — Bloomberg Quint

• Stock Market Today: All You Need To Know Going Into Trade On June 1

  Stocks in the news, big brokerage calls of the day, complete trade setup and much more!
  12 hours ago — Bloomberg Quint

• Akash Ambani, Wife Shloka Welcome Second Child, A Baby Girl

  The couple had their first child Prithvi in December 2020.
  16 hours ago — Bloomberg Quint

• Ten Changes Transformed India In Less Than A Decade, Says Morgan Stanley

  Supply-side reforms to growing corporate profit will help the country lead Asia and the world in growth, says the research firm.
  16.5 hours ago — Bloomberg Quint
  • India transformed in less than a decade: Morgan Stanley 16.5 hours ago — The Hindu Business

• ISMC's semiconductor facility plan in India stalled after Tower-Intel deal

  A second mega $19.5 billion plan to build chips locally by a joint venture between India's Vedanta and Taiwan's Foxconn is also proceeding slowly
  16.5 hours ago — Business Standard

• Bank loans to most sectors rise in April, industry demand muted

  Credit growth to the services sector accelerated to 21.6% during the month from 11.2% a year ago primarily driven by higher lending to non-banking financial companies which rose 29% year-on-year and trade at 18%. Retail loans rose 19.4% in April compared to 4.4% a year ago, mainly driven by 'housing loans' and 'vehicle loans', RBI said.
  16.5 hours ago — Economic Times

• Lenders reject Go First’s pleas for undrawn funds

  Go First has undrawn limits of about Rs 200 crore under the government’s emergency credit line guarantee scheme (ECLGS), which was introduced to support sectors like travel and tourism that were hit hard by the Covid-19 pandemic disruptions, they said. The banks’ decision not to release more money is likely to further delay any chances of the airline resuming operations.
  16.5 hours ago — Economic Times

• Meta's Shareholders Vote Against Inquiry On Hate Content In India At Annual Meeting

  The proposal was put forth by Eko, a non-profit advocacy that campaigns to hold corporations accountable on social issues.
  17 hours ago — Bloomberg Quint

• First 100 units electricity per month free for all households in Rajasthan: CM Gehlot

  The chief minister said that keeping the middle-class people in mind, those who consume electricity up to 200 units per month, the first 100 units will be free.
  17 hours ago — Moneycontrol

• Washington sweats over high-stakes vote to stave off default

  Congress has just five days to green-light an agreement between Republicans and Democrats to allow more borrowing and ensure the country doesn't miss loan repayments
  17.5 hours ago — Moneycontrol

• Amazon workers stage walkout over company's climate impact, return-to-office mandate

  The lunchtime protest comes a week after Amazon's annual shareholder meeting and a month after a policy took effect requiring workers to return to the office three days per week.
  17.5 hours ago — Moneycontrol

• Meta threatens to yank news content from California over payments bill

  The proposed California Journalism Preservation Act would require online platform companies to pay a "journalism usage fee" to news providers whose work appears on their services, aimed at reversing a decline in the news sector.
  17.5 hours ago — Moneycontrol

• Singapore Airlines To Offer Free WiFi Access In All Cabin Classes From July 1

  India is a key market for Singapore Airlines, which flies 96 times a week from eight Indian cities.
  17.5 hours ago — Bloomberg Quint

• Sona BLW Precision's Promoter Sells 3.2% Stake For Rs 957 Crore

  The shares were offloaded at an average price of Rs 503.73 apiece, taking the transaction value to Rs 957 crore.
  18 hours ago — Bloomberg Quint

• Bulk Deals | Societe Generale, Government of Singapore pick additional Rs 609.26 crore shares in Sona BLW Precision Forgings

  With the stake sale, abrdn will hold nil equity shares in HDFC Life, the company said in its filing to exchanges. But HDFC Life shares gained 1.23 percent at Rs 592.35.
  18 hours ago — Moneycontrol

• Sebi mulls mandating additional disclosure for high-risk FPIs

  The proposals are designed to prevent circumvention of minimum public shareholding requirements and misuse of the FPI route to guard against risks of an opportunistic takeover. The move follows SEBI's difficulty in identifying the beneficial owners of some foreign portfolio investments in Adani stocks, since the existing regulations are lax in identifying their true ownership.
  18 hours ago — Economic Times

• Sebi slaps Rs 77 lakh on 16 entities for manipulating share price of Gayatri Sugars

  The probe was to ascertain whether there was any violation of Sebi norms and PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) rules by certain entities for the period from April 10-23, 2018.
  18 hours ago — Moneycontrol

• These hedge funds, FPIs, domestic MFs picked up Abrdn’s stake in HDFC Life

  Investment firm Abrdn has sold its 1.66% stake in HDFC Life Insurance, through its affiliate abrdn (Mauritius Holdings) 2006. Abrdn sold 3,56,94,105 shares at Rs 579.60 each, accruing a gain of Rs 2,069 crore from the sale.
  18 hours ago — Economic Times

• Competition Commission DG gets three-month extension

  The Director General (DG) office is the investigation arm of the fair trade regulator.
  18 hours ago — Moneycontrol

• Senior Fed official suggests skipping rate hike next month

  Fed officials are now divided on the best path forward ahead of another interest-rate decision to be announced on June 14
  18 hours ago — Moneycontrol

• Promoter of Sona BLW Precision sells 3.2% stake for Rs 957 cr

  According to the bulk deal data available with the NSE, Aureus Investment sold 1.90 crore shares, amounting to a 3.2 per cent stake in Sona BLW Precision.
  18 hours ago — Moneycontrol

• Tobacco: Farmers' body writes to PMO, finance ministry against WHO recommendation

  FAIFA has made a case that the recommendation of the World Health Organisation (WHO) is unscientific and there are no benefits of other crops replacing tobacco cultivation.
  18.5 hours ago — Moneycontrol

• Bank loan fraud: ED attaches Rs 124 cr worth assets of various associates of Chennai group

  A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 78 immovable properties, it said in a statement.
  18.5 hours ago — Moneycontrol

• Trade setup for Thursday: Top 15 things to know before the opening bell

  Based on the OI percentage, 56 stocks were on the short-covering list. These included Balkrishna Industries, Divis Laboratories, Dabur India, Nestle India, and Britannia Industries.
  18.5 hours ago — Moneycontrol

• PowerWatch | India's peak power demand remains low as rain brings respite from heat

  The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 30 was 9.03 percent.
  18.5 hours ago — Moneycontrol

• Goldstone Technologies, Quantron AG form JV in fleet management space

  The joint venture, which will be headquartered in Augsburg (Germany) and will have operations from Hyderabad, seeks to address the high potential fleet management market, GTL said in a statement.
  18.5 hours ago — Moneycontrol

• Debt-Ceiling Risks Abate Further As Congress Races To Complete Deal

  Congress is racing to approve the measure before June 5, the date Yellen has warned the US risks default.
  18.5 hours ago — Bloomberg Quint

• Government Spectrum Usage Charge Collection Halves To Rs 811 Crore, AGR Up 14% In December Quarter

  Reliance Jio led the market with the highest AGR of Rs 22,586.32 crore.
  19 hours ago — Bloomberg Quint
  • Govt spectrum usage charge collection halves to Rs 811 crore, AGR up 14% in December quarter 19 hours ago — Moneycontrol

• World’s largest grain storage plan: Centre to implement pilot project in 10 districts

  Various schemes of the Ministries of Agriculture and Farmers Welfare, Consumer Affairs, Food and Public Distribution and Food Processing Industries have been converged
  19 hours ago — The Hindu Business

• Non-Fossil Fuel-Based Power Generation Capacity To Be 68.4% By 2031-32: Government

  This assumes significance in view of India's target of net zero by 2070 and having 500GW of renewable energy by 2030.
  19 hours ago — Bloomberg Quint
  • Non-fossil fuel-based power generation capacity to be 68.4% by 2031-32: Govt 19 hours ago — Moneycontrol

• B30 AUM in mutual funds grew higher than T30’s

  19 hours ago — Moneycontrol

• Oil falls on weak China data, stronger US dollar

  Oil prices decreased due to China's weaker-than-expected purchasing managers' index (PMI) and the stronger US dollar, which makes commodities more expensive for foreign buyers. Brent crude futures for August dropped by 0.99% to $72.98 per barrel, while US West Texas Intermediate crude fell by 1.3% to $68.56 per barrel. With OPEC+ holding its meeting on 4 June, major OPEC+ producers provide mixed signals on potential further reduced oil production. Banks HSBC and Goldman Sachs believe that China and the West's stronger oil demand in the summer will cause a supply deficit later in the year.
  19 hours ago — Economic Times

• Delhi air quality: January-May period this year best since 2016

  According to data, 2023 has witnessed the lowest levels of daily average PM2.5 concentration with the exception of 2020, the year of lockdown due to Covid, when compared to the previous seven years
  19 hours ago — Moneycontrol

• Stock Radar: This stock from finance sector can give you decent returns in 4-8 weeks, says Ajit Mishra

  
  19 hours ago — Economic Times

• 'No victory yet', ECB says as inflation slows in key countries

  In Europe's biggest economy Germany, inflation slowed to 6.1 percent year-on-year in May, preliminary data showed, down from 7.2 percent in April.
  19 hours ago — Economic Times

• Why did economists miss the January-March GDP growth upswing?

  Economists’ consensus forecast for January-March GDP growth was off by one percentage point. Moneycontrol tries to understand why this may have happened.
  19.5 hours ago — Moneycontrol

• Ahead of Market: 10 things that will decide D-Street action on Thursday

  Indian benchmark indices, Sensex and Nifty, closed half a per cent lower on Wednesday due to profit-taking in banking, energy, and metal stocks amid weak global market conditions. While the Indian market is experiencing a robust recovery, negative indications from global peers, concerns about a recession, and potential interest rate hikes might impact it. The US stock indexes dipped, the European shares hit a two-month low as Chinese economic data and uncertainty around the US debt ceiling increased, and the pan-European STOXX 600 index has closed 1.1% lower.
  19.5 hours ago — Economic Times

• Risks to 6.5% growth goal more evenly balanced now: CEA

  Nageswaran cites sustained growth momentum across sectors along with rising private investments and public capex spending as offering buffers against external risks
  19.5 hours ago — The Hindu Business

• India's GDP growth surges to 7.2%, Twitterati hails Modi govt

  The growth has propelled the Indian Economy to $3.3 trillion and set the stage for achieving $5 trillion target in the next few years. Here's how Twitter reacted.
  19.5 hours ago — Moneycontrol
  • Fiscal 2023 GDP Growth Estimated At 7.2%, Lower Than 9.1% In Fiscal 2022 19.5 hours ago — NDTV Business
  • India's GDP grows at 6.1% in March quarter; FY23 growth at 7.2% 19.5 hours ago — Business Standard

• CEA Anantha Nageswaran Says Risks To Growth Forecast Are More Evenly Balanced

  India may face headwinds from crude oil prices, monetary tightening in developed countries and financial stress overseas, he said.
  19.5 hours ago — Bloomberg Quint

• Adani to raise $3.5 bn from share sale in three group cos

  Adani may raise $3bn in a share sale to institutional buyers as it looks to make a comeback following a report of accounting fraud and stock price manipulation by a US short seller. Gautam Adani's group may raise up to $1bn through Adani Green Energy alone, with Adani Enterprises and Adani Transmission also approved to raise funds. The fundraising could be completed by the second quarter as the group seeks to fund expansion projects. Investors from Europe and the Middle East are said to have expressed strong interest.
  19.5 hours ago — Economic Times

• Wells Fargo CEO says there will be losses in office loan portfolio

  Wells Fargo CEO, Charlie Scharf, announced that the bank is proactively managing its commercial real estate loan portfolio, but warns that the bank will see losses in the office loan space. The bank's focus on liquidity was also highlighted, following a sustained period of turbulence in March from the failure of three regional banks. While consumer spending and credit quality remain strong, Scharf stated credit had been tightened in its card business in areas where early signs of weakness started to show.
  19.5 hours ago — Economic Times

• India bond yields drop for third straight month amid easing inflation

  India's bond yields have fallen for the third consecutive month, with the biggest fall in over three years due to easing commodity prices and lower inflation rates. The benchmark 7.26% 2033 bond closed at 6.9874%, marking the first time it has dropped below 7% in 13 months. Retail inflation fell to 4.70% in April, leading economists to anticipate several upcoming readings to remain below the Reserve Bank of India's upper tolerance level. Despite US yields rising in May, India's bond yields continued to fall.
  19.5 hours ago — Economic Times

• Bank Credit To Industry Decelerates In April To 7%: Reserve Bank Of India

  Loan to agriculture and allied activities improved to 16.7% (YoY) in April 2023 from 10.6% a year ago.
  20 hours ago — Bloomberg Quint

• Nvidia’s CEO Plans Trip To Meet China Executives Despite US Curbs

  Jensen Huang, who headlined a trade show in Taiwan this week, plans to travel to China for the first time in years in June, said the people.
  20 hours ago — Bloomberg Quint

• Wells Fargo CEO Says ‘There Will Be Losses’ From US Office Loans

  Many office owners are struggling amid the rise in remote work and the surge in borrowing costs, which has made financing more difficult.
  20 hours ago — Bloomberg Quint

• Is the external sector boost to GDP sustainable?

  In the January-March quarter, weak external demand and fall in commodity prices squeezed import and export values, adding 1.4 percentage points to growth. But growth will slow down in the coming few quarters as fiscal policy turns slightly less supportive and external conditions remain weak.
  20 hours ago — Moneycontrol

• FY23 GDP growth shows economy resilient despite global challenges: PM Modi

  "This robust performance along with overall optimism and compelling macro-economic indicators, exemplify the promising trajectory of our economy and the tenacity of our people," PM Modi said.
  20 hours ago — Moneycontrol

• Adani To Raise $3.5 Billion From Share Sale In Three Group Companies

  Adani Green Energy Ltd.'s board may meet in the first or second week of June for approving the fundraising.
  20 hours ago — Bloomberg Quint
  • Adani to raise $3.5 bn from equity share sale in three group companies 20 hours ago — Business Standard

• Government Appoints Ashwani Kumar As MD Of UCO Bank

  The central government appoints Ashwani Kumar as managing director and chief executive officer in UCO Bank for a period of three years.
  20 hours ago — Bloomberg Quint
  • Govt appoints Ashwani Kumar as MD of UCO Bank 20 hours ago — Moneycontrol

• NFRA Slaps Rs 1.10 Crore Fine; Imposes Ban On Two Auditors, One Audit Firm

  NFRA imposed a fine of Rs 1 crore on Sundaresha & Associates and slapped a two-year ban on the audit firm.
  20 hours ago — Bloomberg Quint

• Lupin Gets U.S. FDA Nod For Generic Drug

  The product will be manufactured at the company's Nagpur-based manufacturing facility, Lupin said.
  20 hours ago — Bloomberg Quint

• Centre's FY23 fiscal deficit narrows to 6.4% of GDP

  20 hours ago — The Hindu Business

• Patanjali Foods promoters to dilute 6% share to meet minimum shareholding norms, launches road show

  Patanjali Foods, formerly known as Ruchi Soya Industries, plans to dilute a 6% stake through an institutional share sale, to satisfy minimum public shareholding norms of 25%. Current public shareholding in Patanjali Foods stands at 19.18%. Baba Ramdev led the Ruchi Soya acquisition in 2019 through the corporate insolvency resolution process. The firm will target global investors for the QIP and Offer for Sale (OFS), with a view to raise funds, depending on market conditions and interest of investors. The company's shares are frozen by the NSE and BSE, which froze shares in 21 promoter-led entities, including Patanjali Ayurved and Acharya Balkrishna, for violating the minimum public shareholding norms.
  20 hours ago — Economic Times

• French rail company Alstom to manufacture 100 lightweight Vande Bharat trains

  Hyderabad-based Medha Servo Drives was the other bidder for the aluminium bodied Vande Bharat trains with sleeper facility
  20 hours ago — The Hindu Business

• India's Growth May Exceed Initial Estimate Of 6.5%: Chief Economic Adviser

  Enthused by higher than expected GDP number in the fourth quarter of 2022-23, Chief Economic Adviser (CEA) V Anantha Nageswaran on Wednesday said India's economic growth may exceed the initial estimate of 6.5 per cent in the current fiscal and the country can look for another year of solid economic performance.
  20 hours ago — NDTV Business
  • Chief Economic Adviser Nageswaran bullish about growth prospects after blowout GDP data 20 hours ago — Moneycontrol

• Dubai emerges as India's favourite destination for FDI

  As per Dubai FDI Monitor, India ranked among the Top 5 source countries for announced FDI projects and estimated FDI capital in the calendar year 2022.
  20.5 hours ago — Moneycontrol

• Household consumption still weak, but private sector capex shows revival

  On a nominal basis, gross fixed capital formation (GFCF), a proxy for infrastructure investment, contributed 29.2 per cent to FY23 GDP
  20.5 hours ago — Business Standard

• Centre proposes to sell 3% stake in Coal India via OFS, eyes Rs 4,162 cr

  In the last quarter, a spike in share price owing to high coal demand helped CIL achieve its production target
  20.5 hours ago — Business Standard

• Sebi proposes mandating additional disclosure for high-risk FPIs

  The move comes after SEBI observed that some FPIs have concentrated a substantial portion of their equity portfolio in a single investee company. In some cases, these concentrated holdings have also been near static and maintained for a long time.
  20.5 hours ago — The Hindu Business

• Hot Button Topic: What does India's Silicon Valley want?

  In conversation with Sanjay Swamy, Managing Partner, Prime Venture Partners, Chaitra Chidanand, Co-Founder, SALT – mysaltapp, K Ganesh, Promoter, BigBasket, Portea Medical, Bluestone Vivekananda Hallekere, Co-Founder & CEO, Bounce
  20.5 hours ago — Moneycontrol

• ET Market Watch: Sensex ends 4-day bull run: 5 factors behind today's selloff

  
  20.5 hours ago — Economic Times

• Core sector growth eased to six-month low of 3.5% in April

  21 hours ago — The Hindu Business
  • Core sectors’ growth slips to six-month low of 3.5% in April 21 hours ago — The Hindu Business

• Adani to raise $3.5 bn from share sale in three group companies

  The entire fundraising of USD 3.5 billion, which would go to fund the capital expenditure needs of the group, is likely to be completed within the second quarter (July-September) of the current fiscal.
  21 hours ago — Moneycontrol
  • Adani to raise $3.5 bn from equity share sale in three group companies 21 hours ago — Business Standard

• India Inc’s revenue grows in double digits but at a slower rate in Q4

  Revenue for a sample of 2,863 companies grew by 13.4% year-on-year in the March quarter. After clocking 33.9% growth in the June 2022 quarter, top line growth has slowed down gradually in each of the quarters since then. Net profit rose by 6.5% in the March quarter. While it has improved since the September quarter when profit had fallen by 11.5%, it continued to remain muted. In the year-ago quarter, revenue and profit had grown by 21.7% and 37.2% respectively.
  21 hours ago — Economic Times

• Karnataka portfolio reshuffle: Priyank Kharge gets IT-BT, MB Patil for infrastructure development

  Chief Minister Siddaramaiah had been overseeing these two portfolios after the initial allocation of portfolios for the ministers on May 28.
  21 hours ago — Moneycontrol

• Sebi cautions India Infra Fund II, Global Infra Partners and IDBI Trusteeship Services for AIF Rules violations

  The order has asked the fund to submit a revised Trust Deed to Sebi
  21 hours ago — Moneycontrol

• Nvidia first US chipmaker valued at $1 trillion: CEO Huang talks about failures on his journey

  Nvidia Corp briefly breached the $1 trillion in market capitalisation, making it the first US chipmaker to join the trillion-dollar club on Tuesday. AI took centre stage after Nvidia stunned investors with a revenue forecast last week that surpassed analysts' expectations by more than 50 percent. Nvidia CEO Jensen Huang in a recent speech at NTU spoke about how Nvidia almost failed thrice in its 30-year journey. Watch to know more!
  21 hours ago — Moneycontrol

• US job openings rise to 10.1 million as labour market stays strong despite rate hikes

  Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January.
  21 hours ago — Moneycontrol

• Rane Holdings to divest entire stake in arm Rane t4u

  21 hours ago — The Hindu Business

• Property Registration In Mumbai City May Remain Flat At Around 9,800 Units

  Out of total property registration, more than 80% are residential assets.
  21 hours ago — Bloomberg Quint

• 2023 NBA Finals preview: Miami Heat and Denver Nuggets to battle it out in winner takes all

  Game 1 of the 2023 NBA Finals will be played at 6 am IST on Friday (June 2) when the Miami Heat visit the Denver Nuggets.
  21.5 hours ago — Moneycontrol

• Civil Aviation Ministry Floats Draft Aircraft Bill To Simplify Regulations

  The draft bill will be open for public consultations for a period of 30 days.
  21.5 hours ago — Bloomberg Quint
  • Civil aviation ministry comes out with draft aircraft bill 21.5 hours ago — Moneycontrol

• Govt calls for new applications as India reopens semiconductor incentive scheme

  The decision, confirmed by Minister Rajeev Chandrasekhar, showcases the government's commitment to boost semiconductor manufacturing capabilities.
  21.5 hours ago — Moneycontrol

• OTT Platforms To Carry Anti-Tobacco Warnings; Health Ministry Amends Rules

  OTT platforms shall also be required to exhibit an anti-tobacco health warning as a static message at the bottom of the screen when tobacco products or their use are displayed during a programme.
  21.5 hours ago — Bloomberg Quint

• Market Trading Guide: LTIMindtree, Biocon among 4 stock recommendations for Thursday​

  
  21.5 hours ago — Economic Times

• Amarendu Prakash takes over as SAIL Chairman

  He succeeds Soma Mondal, who retired from the post on April 30, 2023.
  21.5 hours ago — Moneycontrol

• Growth upside surprise good news but risks persist for this fiscal year, experts say

  Economists are holding on to their growth forecasts for FY24 despite a better-than-expected outturn in FY23. Most expect growth to be lower than RBI's projection of 6.5 percent for this fiscal year.
  21.5 hours ago — Moneycontrol

• Founder Padmaja Gangireddy plans to sell shares worth Rs 100 crore in Spandana Sphoorty Financial, engages investment banker to explore block deal

  Padmaja Gangireddy, founder of Spandana Sphoorty Financial, plans to sell a part of her 14.5% share in the firm she left one-and-a-half years ago following a dispute with the majority shareholder Kedaara Capital. With an immediate aim to raise INR1bn ($13m), she intends to invest the sum in her new venture Keertana Finserv and secure a separate NBFC-MFI licence. Gangireddy has engaged an investment banker to strike a block deal to sell a part of the holding.
  21.5 hours ago — Economic Times

• WTC Final: Indian bowlers focus on building workload against Australia

  The Indian team is expected to have a few practice sessions at the Arundel Castle Cricket Club in Sussex ahead of the big final.
  21.5 hours ago — Moneycontrol

• Veranda to acquire 7 firms, eyes ₹500-cr. in revenue

  The acquisition will be funded by through borrowings, while the internal accruals will be used for working capital requirement and integration
  21.5 hours ago — The Hindu Business

• Global markets shaky ahead of vote on debt in US and slowing factories in China

  Futures for the benchmark S and P 500 fell 0.4 per cent and the Dow Jones industrials lost 0.3 per cent ahead of a vote by the full 435-member House on raising the government debt limit. S
  21.5 hours ago — Moneycontrol

• Welspun Corp Q4 Results: Net profit falls 9% YoY to Rs 240 crore

  Welspun Corp posted a net profit of INR 240.08 crore for Q4 2021-22, down 8.9% YoY. Total income rose to INR 4,132.38 crore from INR 2,413.48 crore in the same quarter of the previous year, while expenses rose to INR 3,835.55 crore from INR 2,033.16 crore. Chairman of Welspun Group, B.K. Goenka, said the company's operational progress in new businesses will result in significant value creation for stakeholders in addition to growth in the existing portfolio. Welspun Corp is one of the world's largest manufacturers of large-diameter pipes, present in 50 countries.
  21.5 hours ago — Economic Times

• Vedanta Resources pays $400-mn debt, borrowings down to $6.4 bn

  The firm had last on April 24 stated that it had cut gross debt to $6.8 billion after repayments
  21.5 hours ago — The Hindu Business

• Go First Lessors Plea For Plane Deregistration Shown As 'Rejected' Due To DGCA Portal Glitch

  The lessors are unable to deregister and take back the aircraft leased to the carrier because of a moratorium.
  21.5 hours ago — Bloomberg Quint

• Rs 1,70,000 Crore Collected In Revenue For April 2023: Centre

  The Centre on Wednesday said it received Rs 1,70,501 crore in revenue for April 2023, comprising Rs 1,58,901 crore in taxes, Rs 10,958 crore of non-tax income and Rs 642 crore of non-debt capital receipts.
  22 hours ago — NDTV Business

• US stocks open lower ahead of debt ceiling deal vote

  Another round of earnings highlighted the pinch of higher prices being felt by corporate America.
  22 hours ago — Economic Times

• Xiaomi partners with Dixon Technologies to make mobile phones in India

  India has been encouraging global companies to invest more in local manufacturing as a part of its efforts to become a powerhouse in the global electronics supply chain
  22 hours ago — The Hindu Business

• Lupin gets USFDA nod for generic drug used to treat primary biliary cholangitis

  The company has received approval from the US Food and Drug Administration (USFDA) for Obeticholic Acid tablets (5 mg and 10 mg), the Mumbai-based drug maker said in a statement.
  22 hours ago — Moneycontrol

• China's factory activity falls faster than expected as recovery stumbles

  Manufacturing PMI unexpectedly falls; Non-manufacturing PMI falls, as services slow
  22 hours ago — The Hindu Business

• Markets acting odd? Round up the usual suspects

  Quant funds take a lot of unwarranted blame whenever volatility soars or seems unusually low
  22 hours ago — Moneycontrol

• Central Electricity Authority sees peak power demand at 277GW for FY27, 366GW for FY32

  India’s likely installed capacity for 2031-32 is 900.4 GW comprising 304 GW of conventional capacity and 596 GW of renewable based capacity, the National Electricity Plan stated.
  22 hours ago — Moneycontrol

• SEBI Cancels Registration Of Karvy Stock Broking For Misappropriating Clients' Funds

  This comes after SEBI last month barred Karvy and its promoter Comandur Parthasarathy from the securities market for seven years and imposed a penalty of Rs 21 crore.
  22 hours ago — Bloomberg Quint
  • SEBI cancels Certificate of Registration of Karvy Stock Broking 22 hours ago — Economic Times

• Patanjali Foods Promoters To Dilute 6% Share To Meet Minimum Shareholding Norms

  The company has started roadshows from Wednesday and there is interest from global investors, said Ramdev.
  22 hours ago — Bloomberg Quint

• Moneycontrol Selects: Top stories this evening

  Our specially curated package of the most interesting articles to help you stay at the top of your game.
  22 hours ago — Moneycontrol

• Top Business And Market Stories Of The Day You Can't Miss — May 31

  Important news, must-read stories on BQ Prime today.
  22.5 hours ago — Bloomberg Quint

• Majority of Zepto's dark stories operationally profitable now: Co-founder

  After FY23’s performance, Zepto was sure that in about 12 months’ time, the company will be at an annualized revenue rate of Rs 10,000 crore, which translates to about Rs 800 crore in monthly revenue
  22.5 hours ago — Moneycontrol

• South Korea uses AI to measure North Korean leader's weight, lawmaker says

  The health of North Korean leaders is typically a tightly held state secret.
  22.5 hours ago — Moneycontrol

• Pandemic restrictions reduced aerosols' 'masking' effect, led to more warming: Study

  In the spring of 2020, pandemic restrictions significantly reduced industrial activity and transportation worldwide, both of which are known to cause emissions of sulphur and nitrogen oxides and other air pollutants leading to aerosol formation.
  22.5 hours ago — Moneycontrol

• Cabinet Okays Rs 1 Lakh Crore For "World's Largest" Grain Storage Capacity

  The Centre today approved a Rs 1 lakh crore programme to create the world's largest grain storage capacity in the cooperative sector to reduce crop damages and prevent distress sales by farmers, besides strengthening the country's food security.
  22.5 hours ago — NDTV Business
  • Cabinet Approves Rs 1 Lakh Crore Scheme To Boost Grain Storage Capacity 22.5 hours ago — Bloomberg Quint

• Why RVNL recorded a decline in revenue when railways is fastest growing infra segment

  The government’s thrust on improving infrastructure for rail transportation by adding new lines, doubling existing lines, electrification, and so on are seen providing a constant flow of business for the company.
  22.5 hours ago — Moneycontrol

• Stock Radar: Hit 52-week high in May! Aditya Birla Capital is a buy-on-dip stock; here's why

  Financial services firm Aditya Birla Capital's stock has since bounced back after finding support at its 50-day moving average, the stock price is now consolidating. Traders with a high appetite for risk can purchase the stock, according to experts, with a possible short-term target of Rs 200.
  22.5 hours ago — Economic Times

• ​May Auto Sales Preview: Here's what to expect from top automakers

  For more such web stories click on the ET icon below
  22.5 hours ago — Economic Times

• Centre's Fiscal Deficit Narrows To 6.4% Of GDP In FY23

  The Centre's fiscal deficit narrowed to 6.4 per cent of the GDP in 2022-23 from 6.71 per cent in FY22, as anticipated by Finance Minister Nirmala Sitharaman in her Budget in February this year.
  22.5 hours ago — NDTV Business

• Thermal Power Plant Capacity Utilisation Projected To Improve To 65.1% In FY24: ICRA

  The likelihood of El Nino in FY24 may have a positive impact on electricity demand.
  22.5 hours ago — Bloomberg Quint
  • Thermal power plants capacity utilisation projected to improve to 65.1% in FY24: Icra 22.5 hours ago — Moneycontrol

• IT Sector Growth To Slow Down Further In FY24; Hiring To Be Low Amid Uncertainties: ICRA

  There are delays in decision-making by customers, as visible from the slowdown in the conversion of deals to revenues to some extent, it said.
  22.5 hours ago — Bloomberg Quint

• India’s GDP grows 7.2% in FY23, 6.1% in March quarter

  GDP growth saw an uptick in the January-March 2023 quarter at 6.1% from 4.4% in the third quarter
  23 hours ago — The Hindu Business

• For the few women who sit atop S and P 500 companies, thinner paychecks as median compensation slips

  The drop comes after a 26 percent jump in the value of pay packages for female CEOs in 2021.
  23 hours ago — Moneycontrol

• Government Fiscal Deficit Reaches 7.5% Of Full-Year Target In April 2023

  In absolute terms, the fiscal deficit stood at Rs 1.33 lakh crore, against the budgeted estimate of Rs 17.9 lakh crore.
  23 hours ago — Bloomberg Quint

• Simply Save: Want your bank locker to be safer? Don’t ignore the new locker agreement

  Bank locker holders have been receiving SMS and emails from their banks asking them to sign revised locker agreements by the June 30, 2023. In a conversation with Moneycontrol, Puneet Kapoor, President - Products, Alternate, Channels and Customer Experience Delivery, Kotak Mahindra Bank explains why bank locker holders are being asked to sign a revised agreement and how this will make their lockers safer than before.
  23 hours ago — Moneycontrol

• Top 5 global equity mutual funds for investors with high risk appetite

  International equity mutual funds offer currency depreciation benefits and growth in different economies and sectors, suitable for aggressive investors with a long investment horizon. Economic Times suggested five funds suitable for investors with appetite for taking higher risk and tolerance for enduring market volatility, which have given inflation beating returns over 3-5 years. The funds are DSP World Mining Fund, Invesco India-Invesco Global Equity Income FoF, Motilal Oswal Nasdaq 100 FOF, Aditya Birla Sun Life Commodity Equities Fund, and ICICI Prudential US Bluechip Equity Fund.
  23 hours ago — Economic Times

• LIVE: Q4 GDP Beats Estimates At 6.1%, India Continues To Be A Bright Spot

  Amidst a gloomy global scenario, persistent inflation and high-interest rates, India reports its Q4 GDP numbers, which have come at 6.1%. Which sectors have contributed to this growth? And will this growth momentum be sustainable? Stacy Pereira discusses this with Saugata Bhattacharya, Executive VP and Chief Economist, Axis Bank, Gurmeet Chadha, Managing Partner & CIO, Compcircle, Nasser Salim, Managing Partner, Flexi Capital and Mayank Jha, Senior Economist, HDFC Bank
  23 hours ago — Moneycontrol

• A 'techbro tour' of Bengaluru: Twitter helps startup investor plan outing

  Ritesh Banglani, who is a co-founder at Stellaris Venture Partners, is also a Board Member at Mfine & Vogo, Propelld and BeepKart and Hypto.
  23 hours ago — Moneycontrol

• How Educomp misled investors with inflated profits

  According to a Sebi investigation, it involved hiding its losses in a subsidiary
  23.5 hours ago — Moneycontrol

• Just do IT! Here’s how to play the IT theme currently, as per analysts

  India's tier-1 IT firms have a high correlation to S&P500 revenue growth, which is expected to decelerate over the next two quarters
  23.5 hours ago — Moneycontrol

• Govt working on 3-pronged approach to restore peace in Manipur: Sources

  Union Home Minister Amit Shah, who is currently visiting Manipur, has given clear instructions that violence must end immediately and peace should be restored in the northeastern state as early as possible.
  23.5 hours ago — Moneycontrol

• Rajesh Gopinathan bids farewell to TCS: Look, how the IT giant moved under his tenure

  He will be succeeded by K. Krithivasan, currently the global head of BFSI Business Group at TCS
  23.5 hours ago — Economic Times

• BOB Financial opens up its entire RuPay Credit Card base for linking on UPI

  BFSL is a wholly owned subsidiary of Bank of Baroda, and National Payments Corporation of India (NPCI).
  23.5 hours ago — Moneycontrol

• Battleground Karnataka - Psephologist Speak - Issues that will shape the 2023 state election?

  In conversation with Sanjay Kumar, Professor, Centre for the Study of Developing Societies and Dr. Sandeep Shastri, Director - Academics, NITTE Education Trust
  23.5 hours ago — Moneycontrol

• GDP growth at 6.1% in Q4, 7.2% in full FY23; construction, agri surprise

  For FY23, the Indian economy clocked a growth rate of 7.2%. In the previous financial year (FY22), India had seen 9.1% GDP growth
  23.5 hours ago — Business Standard
  • India's GDP grows at 6.1% in March quarter; FY23 growth at 7.2% 23.5 hours ago — Business Standard

• Up 142% in one year! This multibagger stock is set to trade ex-dividend tomorrow

  Aptech's shares, which have risen 142% in the last year and 65% this year alone, will trade ex-dividend tomorrow after the announcement of the approval of an interim dividend of INR6 per share. However, the payment of the dividend is subject to the annual general meeting's approval. The company has also proposed a 2:5 bonus issue to existing shareholders. Aptech, a provider of computer training and multimedia services, registered a net profit of INR33 crore in Q1, up 43% YoY, while revenues during the quarter jumped to INR137 crore from INR38 crore.
  23.5 hours ago — Economic Times

• India Restricts Fiscal Deficit To Revised Target Of 6.4%

  Higher-than-expected revenue receipts help offset a divestment miss and meet capex outlay.
  23.5 hours ago — Bloomberg Quint

• Core Sector Growth Flat In April

  The index of eight core industries grew by 3.5% year-on-year during the month, as compared with 3.6% in March.
  23.5 hours ago — Bloomberg Quint

• Tech View: Nifty50 ends lower on daily charts; what should traders do on Thursday?

  Analysts predict that the Indian stock market will experience a consolidation phase, with the Nifty50 expected to find support at the previous swing high of 18,459, and resistance at the 18,650-18,730 levels. A further correction is likely if the support fails to hold. The trend is expected to remain sideways to positive, and a decisive close above 18,600 is needed to drive a further uptrend. If the index falls below 18,500, it may trigger additional selling pressure, according to experts.
  23.5 hours ago — Economic Times

• MobiKwik Gets Ex-SEBI ED Radhakrishnan Nair, Former SBI Card CEO Prasad In Advisory Board

  MobiKwik has set up an advisory board to help it enhance understanding of regulations, compliance, and industry dynamics.
  1 day ago — Bloomberg Quint

• Gold jumps Rs 455; silver climbs Rs 500

  Gold prices jumped by Rs 455 to Rs 60,400 per 10 grams in the national capital on Wednesday amid strong global trends, according to HDFC Securities. In the previous trade, the precious metal had finished at Rs 59,945 per 10 grams
  1 day ago — Economic Times

• Deloitte flags Adani Port transactions

  In the auditors' report on the audit of the fourth quarter and 2022-23 financials, Deloitte Haskins & Sells LLP highlighted transactions with three entities, which the company said were unrelated parties.
  1 day ago — The Hindu Business

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