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Oil ‘Tourists’ Pile Into Market Amid Biggest Rally in Two Years
With Iran’s attack on Israel sending oil prices skyrocketing by more than $6 a barrel in the past week, retail investors are piling into oil-linked products.1 hour ago — Bloomberg Quint -
Saudi Arabia Raises Asia Oil Price As Volatility Grips Market
Oil has jumped since the start of October as Iran launched missile strikes on Israel in retaliation for devastating attacks in Lebanon that almost wiped out the leadership of Hezbollah.1 hour ago — Bloomberg Quint -
‘India’s energy demand to triple by 2050’
1 hour ago — The Hindu Business -
Indian Bank Q2 Updates: Total Business Increases By 9.8%
The bank's deposits have grown by 8.1% to Rs 6.93 lakh crore, its gross advances have grown by 12% to Rs 5.51 lakh crore in the quarter ended September 2024.2.5 hours ago — Bloomberg Quint- Union Bank Q2 Updates: Total Advances Rises 9.63% 2.5 hours ago — Bloomberg Quint
- Utkarsh Small Finance Bank Q2 Updates: Total Deposits Rises 39.6% 2.5 hours ago — Bloomberg Quint
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LIC Increases Stake In Bank of Maharashtra To 7.1% From 4.05%
The bank allotted 25.96 crore equity shares through Qualified Institutional Placement, LIC said.2.5 hours ago — Bloomberg Quint -
Haryana exit polls: Congress leading over BJP; JJP, INLD nearly wiped out
The polling for all 90 seats in Haryana was held on Saturday, in which about 61% voter turnout was recorded till 5 pm. Both the Congress and the BJP have exuded confidence about winning the polls2.5 hours ago — Business Standard -
REC Q2 Updates: Records Loan Growth Of Nearly 14% At Rs 47,303 Crore
Of this, renewable energy loans aggregated to Rs 5,946 crore, up 37.35% year-on-year.2.5 hours ago — Bloomberg Quint -
Adani University Holds First Convocation — Preeti Adani Emphasises Innovation, Research Focus
Sixty-nine postgraduate students of MBA and MTech programs received their degrees, while four students received gold medals for their exemplary performance at the convocation.3 hours ago — Bloomberg Quint -
Congress-NC lead but exit polls predict hung Assembly in Jammu and Kashmir
J-K Assembly elections exit polls: Voting in three phases in Jammu and Kashmir concluded on Oct 3, witnessing a 63.88% voter turnout3 hours ago — Business Standard -
REC disburses loans worth Rs 90,955 cr from Apr-Sep, up 20% from yr ago
In the September quarter of FY25, REC said it disbursed Rs 47,303 crore loans, 13.71 per cent higher than the Rs 41,598 crore disbursed a year earlier3 hours ago — Business Standard -
Charting The Global Economy: US Labor Market Powers Forward
Here are some of on the latest developments in the global economy, markets and geopolitics:3.5 hours ago — Bloomberg Quint -
NSE pays ₹643 crore to settle TAP platform misuse case with SEBI
3.5 hours ago — The Hindu Business -
Bandhan Bank Extends Ratan Kumar Kesh’s Term As Interim MD & CEO, Effective Oct. 10
Kesh has over 29 years of experience across industries in leadership roles in multiple domain.5 hours ago — Bloomberg Quint -
Nazara Tech Arm Gets Interim Relief From Calcutta High Court In Rs 846 Crore Tax Dispute
Nazara Tech arm Openplay had received a show cause notice from the Director General of GST Intelligence, Kolkata, about a liability of Rs 845.72 crore for the period from 2017-18 to 2022-23 in July.5 hours ago — Bloomberg Quint -
Domestic road logistics industry revenues likely to grow up to 9%: ICRA
The organised road logistics sector had witnessed a growth 4.6 per cent in the 2023-24 fiscal year, the ratings agency said in a report6 hours ago — Business Standard -
Namo Bharat Trains To Begin Trial Runs Between Sahibabad And New Ashok Nagar RRTS Stations
Namo Bharat Train will reduce travel time to less than 40 minutes between New Ashok Nagar and Meerut South RRTS station.6 hours ago — Bloomberg Quint -
Safex-backed AgCare Technologies starts online marketplace for agri inputs
The platform is set to make the procurement process more streamlined, transparent, and accessible to customers across rural India6.5 hours ago — Business Standard -
'No bilateral talks': Jaishankar on his upcoming visit to Pakistan for SCO
External Affairs Minister S Jaishankar is set to visit Pakistan for the SCO summit on October 15-16, marking the first visit by an Indian foreign minister to the Islamic nation in nearly a decade6.5 hours ago — Business Standard -
IndiGo facing system slowdown, may lead to slower check-ins
The airline also said this may result in slower check-ins and that it is working to restore the normalcy at the earliest6.5 hours ago — The Hindu Business- IndiGo Outage: Airline Reports System Slowdown, Causing Delays In Website And Airport Services 6.5 hours ago — Bloomberg Quint
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Govt extends term of RBI deputy governor Rao for another one year
All eyes are on Shaktikanta Das and Michael Patra, whose terms will come to an end in a few months6.5 hours ago — Business Standard -
Dalal Street Week ahead: Is Nifty 50 poised for a short-term recovery?
Markets experienced significant selloff amid FII outflows, geopolitical tensions, and SEBI rule changes, resulting in a 4.45% drop in the Nifty 50. Technical indicators suggest potential support at 25,000 levels, with a cautious outlook advised for the coming week.7 hours ago — Economic Times -
IT sector Q2 preview: Single-digit revenue growth seen, FY25 guidance may improve
Indian IT companies are projected to see up to 4% revenue growth for the quarter ending September 30, 2024. Analysts foresee positive trends for FY25, with large-cap firms anticipated to show stable or slight increases in earnings, driven by volume growth and new deals.7 hours ago — Economic Times -
SpiceJet Says Progress Made In Clearing PF Dues After Reports Of Delhi Police Case
SpiceJet is alleged to have withheld 12% of employees' salaries for PF contributions from June 2022 to July 2024 but failed to transfer these amounts to the their PF accounts.7 hours ago — Bloomberg Quint -
F&O Talk: Geopolitical tensions push Nifty below 50 DEMA—Buy or wait? Explains Sudeep Shah of SBI Securities
Nifty50 and Sensex fell over 4% due to Middle East tensions and a shift of FII funds to cheaper Asian markets. IT stocks remained resilient amid this decline. Retail investors are advised to be cautious and avoid bottom fishing in Mid and Small Caps. Sectors such as healthcare, pharma, and IT are showing strength.7 hours ago — Economic Times -
Bank Of Maharashtra QIP: LIC, ICICI Prudential Life And Aditya Bira Sun Life Among Investors
Bank of Maharashtra issued the shares at Rs 57.36 apiece, against the floor price of Rs 60.37.7.5 hours ago — Bloomberg Quint -
FIIs sell Indian stocks worth Rs 31,000 crore in 3 days. Will it get worse?
Emerging market dynamics shift as FIIs offload Rs 30,718 crores of Indian stocks in early October, driven by Chinese market outperformance and low valuations. Geopolitical tensions and economic metrics contribute to uncertain FPI flows, while long-term domestic investors eye potential in financials.7.5 hours ago — Economic Times -
Recognise your power on 'day of change': Vinesh urges Haryana voters
She said unemployment, drugs and women's safety are some of the major issues facing the state8.5 hours ago — Business Standard -
11 small-cap stocks plunge over 10% in just one week
11 smallcap stocks saw declines of over 10% during this period8.5 hours ago — Economic Times -
IDFC Ltd shares to cease trading from October 10 on merger with IDFC First Bank
IDFC Ltd shares will be suspended from trading effective October 10, 2024, due to its amalgamation with IDFC First Bank. IDFC shareholders will receive 155 shares of IDFC First Bank for every 100 shares of IDFC. Current F&O contracts will expire on October 9, 2024.8.5 hours ago — Economic Times -
India to host four-nation Malabar naval exercise from Oct 8 to 18
The navies of India, the US, Australia and Japan will carry out a series of complex naval drills during the 'sea phase'8.5 hours ago — Business Standard -
FIR against Ajay Singh, SpiceJet board surfaces day after clearing PF dues
The Delhi Police's Economic Offence Wing had filed an FIR against SpiceJet's managing director Ajay Singh and top officials for cheating and criminal conspiracy in September8.5 hours ago — Business Standard -
ITC Demerger Of Hotel Business Gets NCLT Nod
ITC announced its plans to demerge its hotel business in August 2023 into a separate entity.9 hours ago — Bloomberg Quint -
Stock to watch: Vedanta shares in focus next week as board to consider fourth interim dividend on Oct 8
Vedanta is set to consider and possibly approve its fourth interim dividend for FY25 during a board meeting on October 8, 2024. The record date for determining shareholder eligibility is October 16. The company has reached milestones in aluminium and zinc production. Shares closed unchanged at Rs 508.90 on Friday.9 hours ago — Economic Times -
PM Modi launches projects related to agri, animal husbandry in Maharashtra
PM also launched the Unified Genomic Chip for cattle and indigenous sex-sorted semen technology.9 hours ago — Business Standard -
US Fed’s bold rate cut fuels optimism, but market caution grows over US elections and geopolitical risks
The Federal Reserve initiated a surprising rate cut while the US economy shows stable growth and cooling inflation. Chinese stimulus bolstered market sentiment, lifting equities and commodities. However, Middle East tensions and upcoming US elections inject fresh uncertainties. Investors are keen on Q4 earnings, with expectations for large caps to outperform. RBI's upcoming policy decision is critical amid these dynamics.9 hours ago — Economic Times -
Dev Accelerator plans Rs 125 cr IPO amid high demand for flexible office spaces
Dev Accelerator Ltd plans to raise around Rs 125 crore through an IPO. The company will use Rs 68.95 crore for fit-outs and security deposits in new centers. Rs 30 crore will go towards repaying certain borrowings. Funds will also support general corporate purposes, including expansion to major cities and enhancing infrastructure and technology.9 hours ago — Economic Times -
5 smallcap stocks with 5-day winning streak despite market dip
ETMarkets identified five stocks from the BSE smallcap segment that saw consistent price increases during this period.9.5 hours ago — Economic Times -
NBCC, Jupiter Wagons among 10 stocks with record dates for dividend, split this week. Do you own any?
Upcoming key corporate actions this week include dividends from Jupiter Wagons and KP Energy, bonus issues by NBCC (India) and Power Mech Projects, and stock splits for Jindal Saw, New Light Apparels, and Rajnish Retail. Record dates are set for these events, determining shareholder eligibility.9.5 hours ago — Economic Times -
Lupin's Pune Facility Gets Five Observations After USFDA Inspection
Lupin biotech facility in Pune has capabilities to manufacture mammalian and microbial products for commercial global supplies.9.5 hours ago — Bloomberg Quint -
Inside Intel’s Inertia: Investment lessons from Silicon Giant’s slip
Intel's market value has sharply declined due to missed opportunities in AI and sales losses. However, Intel is initiating a recovery strategy with new partnerships and investments, targeting foundry business expansion and AI market leadership despite competition from Nvidia and others, learning from tech industry missteps.9.5 hours ago — Economic Times -
HC stays order declaring Ola's relation with drivers as employer-employee
The original ruling required Ola to address complaints of sexual harassment involving its drivers9.5 hours ago — Business Standard -
Learning from Experience: Aswath Damodaran on Hubris, mistakes, and the art of letting go for successful investing
In a reflection on his career, valuation expert Aswath Damodaran advises investors to avoid taking themselves too seriously, acknowledging the unpredictability of markets and the inevitability of mistakes. He highlights the importance of accepting uncertainty and making peace with factors beyond one’s control.10.5 hours ago — Economic Times -
IPO Calendar: 2 new issues, 6 listing on investors' radar next week
The IPO pipeline for the rest of the fiscal looks promising with some mega issues lined up. According to a report, about 26 companies proposing to raise Rs 72,000 crore are sitting on Sebi approval. Further, another 55 companies looking to raise about Rs 89,000 crore are awaiting the regulator's nod.10.5 hours ago — Economic Times -
WTO Leadership Race Kicks Off Next Week, Earlier Than Usual
A monthlong appointment process will begin Oct. 8, and then each candidate has until Feb. 8 to lobby WTO member countries for support.10.5 hours ago — Bloomberg Quint -
Signs of recovery in IT space; HCL Technologies & TCS could give over 20% return in 1 year
The Indian tech industry is witnessing a pivotal recovery with rising demand and shifting client spending. Mid-tier firms, especially in data engineering and ERP modernization, are outperforming. Key players like HCL Tech and TCS show promising growth, bolstered by a favourable economic outlook.11 hours ago — Economic Times -
Health Insurance: Flagging Claim Complications Hidden In Fine Print
There are a few things that needs to avoided and checked for when buying health insurance.11 hours ago — Bloomberg Quint -
Trump returns to site of Pennsylvania attack for rally with Vance, Musk
President Trump looks forward to returning to Butler, Pennsylvania to honour the victims from that tragic day11.5 hours ago — Business Standard -
Kotak Mahindra Bank among top 5 Navratri picks for up to 27% returns
Domestic brokerage firms Bajaj Broking and Choice Broking have picked certain promising stock picks to capitalize on the market's momentum11.5 hours ago — Economic Times -
Is the gold rally getting over? No, this is just the beginning
Gold has surged by 4% after the U.S. Federal Reserve’s rate cut and is expected to continue rising. Geopolitical tensions, further rate cuts, rising inflows into gold ETFs, and central bank purchases are key drivers. Seasonal demand in India will also support the price momentum, making it a promising period for gold investments.11.5 hours ago — Economic Times -
US Stock Market: Jobs-Day Shocker Vindicates Great Risk Rally Of 2024
Cue vindication for risk-asset bulls who have defied the pessimists — and won — week in, week out.12 hours ago — Bloomberg Quint -
Senco Gold Planning Rs 450-Crore Fundraise, Says CEO Suvankar Sen
The fundraiser will enable Senco Gold to carry on with its expansion plan of opening 18 to 20 stores every year in the future.12 hours ago — Bloomberg Quint -
Jobs-day shocker vindicates great risk rally of 2024
The US economy's surprising resilience challenges recession fears, as a report showed the biggest job gains in six months. This sparked market reversals and rethought interest rate bets. Small-cap companies and tech stocks led gains. Continued strong US activity data and expected rate cuts suggest a positive outlook for risk assets, despite inflation concerns.12 hours ago — Economic Times -
NBCC, Jindal Saw, And Power Mech Trade Ex-Bonus, Rights, Merger: Key Dates Next Week
NBCC, Power Mech Projects, and Jindal Saw to trade ex-bonus and ex-split next week; Geojit Financial Services to trade ex-rights issue.12.5 hours ago — Bloomberg Quint -
Top picks! Dalmia Bharat, Prestige Estates Projects among 7 small & midcap stocks that can rally up to 27%
Here's a list of 7 small & midcap stocks that can rally up to 27%, according to Axis Securities:12.5 hours ago — Economic Times -
Ed Yardeni sees Fed pausing rate cuts for 2024 after jobs report
The Federal Reserve's rate-cut campaign for 2024 may have ended due to a strong labor report, signaling economic resilience. Wall Street experts, including Ed Yardeni and Larry Summers, criticize further easing, fearing inflation risks. Investors and economists debate the central bank's future policy moves.13 hours ago — Economic Times -
Over 700 smallcaps correct up to 41% as Indian markets reel under pressure
Indian markets dropped over 4% this week due to middle east tensions and FII outflows. Major sectors like auto, banks, infra, and energy faced heavy selling. FIIs are moving funds to China, leading to significant cash market selling. Analysts predict continued pessimism with a possible consolidation phase ahead amidst rising crude prices.13 hours ago — Economic Times -
Strong jobs report propels dollar to best week since 2022
The dollar surged to a seven-week high, driven by a strong jobs report, reduced expectations for aggressive Fed rate cuts, and favorable economic data. Central bank dynamics, including a dovish Bank of Japan and Middle East tensions, further bolstered the greenback, impacting other major currencies.13 hours ago — Economic Times -
5 world market themes for the week ahead
This week includes U.S. inflation data, Q3 earnings, a significant rate cut from New Zealand, and a French budget review. Investors remain vigilant amid escalating Middle East tensions and Japan's new Prime Minister Shigeru Ishiba's policies. Key market responses are anticipated.13 hours ago — Economic Times -
US dividend ETFs bask in investor attention after jumbo Fed rate cut
U.S. dividend ETFs garnered $3.05 billion in September after the Fed's rate reduction, reflecting a hunt for income amid expected yield drops. However, rising 10-year Treasury yields and the S&P 500's high valuations may influence future inflows.13 hours ago — Economic Times -
Wall Street Week Ahead: Investors look to earnings to support record-high stock prices
Corporate earnings season is beginning next week. Investors hope strong results will support high valuations in the U.S. stock market, which is near record highs. The S&P 500 has risen 20% year-to-date. Key earnings reports from major financial firms and U.S. consumer price data next week will be crucial for the market's direction.13 hours ago — Economic Times -
Parliamentary panel summons SEBI chief Madhabi Buch amid Adani-Hindenburg row
A key parliamentary panel has called heads of SEBI and TRAI for deposition on October 2413 hours ago — The Hindu Business- Parl panel calls Sebi chief Buch on Oct 24 amid Adani-Hindenburg row 13 hours ago — Business Standard
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Portfolio Health Check-Up: Five Things Investors Need To Evaluate
It is important to ensure that your portfolio undergoes regular reviews. Read on to know the elements that financial planners recommend you to evaluate.13.5 hours ago — Bloomberg Quint -
RBI Policy Decision, TCS Kicks Off Q2 Earnings Season, US Inflation Data: The Week Ahead
India's benchmark indices recorded the worst week in over two years. Now, all eyes will be on the extent of RBI's repo rate cut and the US payrolls data for September.13.5 hours ago — Bloomberg Quint -
AI opportunity: Hope to see an emerging Indian company among top ten global firms in next 10 years, says Aswath Damodaran
Aswath Damodaran highlights the opportunity for Indian companies to lead in AI, especially with China restricting its tech giants. He mentions that while Indian IT firms have matured, new startups show promise. Damodaran anticipates that AI's growth may alter the global tech landscape, possibly placing an Indian firm among the top global companies.14 hours ago — Economic Times -
Dow registers record high close as US jobs data eases economic worries
The data "basically tells us economic activity in the fourth quarter is likely to remain at a solid pace," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.14.5 hours ago — Economic Times -
Risk reward unfavourble for IT stocks, says Investec
The Nifty IT Index surged 19.6% in the last 6 months against an up move of 11.1% in the benchmark Nifty Index in the same period. Investec said that the surge in the IT stocks has been in anticipation of a recovery despite the earning downgrades.15 hours ago — Economic Times -
Piramal Finance raises $150 million from international market
The bonds, issued at a yield of 7.078% for a remaining tenor of 3.32 years, follow the company’s $300-million debut in the international market with a sustainability bond in July 2024.15 hours ago — Economic Times -
HDFC Bank set to witness more foreign fund inflows
In August, global index provider MSCI decided to increase the weight of HDFC Bank in two tranches - first in August, and then in November. This was contingent upon foreign investors' headroom remaining 20% at the least.15.5 hours ago — Economic Times -
NSE, Limaye and eight others pay fine to Sebi to settle TAP case
The eight others who have settled the case include Umesh Jain, GM Shenoy, Narayan Neelakantan, VR Narasimhan, Kamala K, Nilesh Tinaikar, R Nandakumar and Mayur Sindhwad.15.5 hours ago — Economic Times -
New 10-year bond pricing conveys demand comfort
On Friday, the Reserve Bank of India (RBI) carried out the maiden auction of a new government bond maturing in 2034. The coupon - or rate of interest - for the new bond was set at 6.79%. At the time of the auction, the yield on the existing 10-year bond was trading at 6.80%, implying a premium of one basis point for the yield on the new paper. The existing 10-year bond, which bears a coupon of 7.10%, closed at 6.83% on Friday.15.5 hours ago — Economic Times -
In a first, India's forex kitty swells above $700-billion mark
This rise in reserves comes on the back of foreign investment in local equities, along with inflows due to Indian government bonds being included in the JP Morgan Emerging Market Index. FPIs invested $11.1 billion in Indian stocks in September, NSDL data showed, whereas investment in government bonds through the fully accessible route increased by over $2 billion, CCIL data showed.15.5 hours ago — Economic Times -
The Weak That Was: Market tanks 4.5%, erasing Rs 16.6 lakh crore in investor wealth
The NSE Nifty fell 235.5 points or 0.9% to close at 25,014.6. The BSE Sensex declined 808.65 points or 1% to end at 81,688.45. Both indices, which were trading higher earlier in the day, slumped in a late sell-off ahead of the weekend.16 hours ago — Economic Times -
Haryana votes for new Assembly: Sportspersons, dynasts, 'turncoats' in fray
Agnipath scheme, wrestlers' protests, farmers' agitation among issues in elections16 hours ago — Business Standard -
Swiggy's IPO, gold rally, SEBI’s new asset class and more…
UP’s mango exports, the effectiveness of antibiotics, India’s rice export ban, the gold rally, and SEBI’s new asset class in this week's wrapup.16 hours ago — Finshots -
Maharashtra CM Eknath Shinde Approves Rs 29,550 Crore Investment In Ratnagiri
The projects approved by CM Eknath Shinde will generate 38,120 jobs in Maharashtra.22.5 hours ago — Bloomberg Quint -
Telecom Department And Telcos Implement Phased System To Combat Overseas Spoof Calls
The telecom department said that cyber criminals exploit the Calling Line Identity (CLI) to mask the actual origin of the calls.22.5 hours ago — Bloomberg Quint -
Public Accounts Committee summons Sebi chief Madhabi Puri Buch and others
The Public Accounts Committee has summoned Sebi chief Madhabi Puri Buch and economic affairs officials on October 24. They will review GST frauds, recent tax notices to corporates, and queries relating to the Comptroller & Auditor General’s reports on revenue losses worth Rs 32,000 crore.22.5 hours ago — Economic Times -
Sebi gives in-principle nod to Jio Fin-BlackRock for mutual fund entry
Jio's entry in the MF space is expected to spruce up the competition in the industry which currently has over Rs 66 trillion in assets under management23 hours ago — Business Standard -
SpiceJet says cleared salary, GST dues; deposited 10-month PF dues
On September 23, the airline announced raising Rs 3,000 crore through Qualified Institutional Placement (QIP) of shares23 hours ago — Business Standard -
Mkts suffer worst week in over 2 yrs; West Asia crisis weighs on sentiment
FPIs net sell Rs 37,088 cr shares this week amid major shift to China23 hours ago — Business Standard -
PM Kisan Yojana 18th installment: Here's all you need to know about the scheme
23 hours ago — Zee Business -
Unpacking the Swiggy IPO
A closer look at Swiggy's upcoming IPO and what it means for the food and grocery delivery giant.23 hours ago — Finshots -
Committed to structural reforms in third term, says PM Narendra Modi
Modi confident India will continue to grow at more than 7%23 hours ago — Business Standard -
Shapoorji Pallonji Group to merge port holding cos
Shapoorji Pallonji Group is planning to merge SP Imperial Star and SP Port Maintenance, which hold Dharamtar and Gopalpur Ports. Dharamtar has been sold to JSW, while Gopalpur is being sold to Adani. The merger will follow Company Law Tribunal procedures, taking several months to finalize.23 hours ago — Economic Times -
Paytm Appoints CTO Manmeet Dhody As AI Fellow To Drive Artificial Intelligence Projects
As Manmeet Dhody moves to the AI team, Paytm has elevated Deependra Singh Rathore as the CTO - payments.1 day ago — Bloomberg Quint -
The mother of all bear markets in equities is dead: Shankar Sharma
We have mastered the art of neutering the 'bear market villains' - speculation, inflation, war, disease - we have dealt with them all, Sharma said1 day ago — Business Standard -
BLS International completes acquisition of Dubai-based Citizenship Invest
1 day ago — The Hindu Business -
GAIL, AMG to explore setting up of 2.5 GW hybrid renewable projects
1 day ago — The Hindu Business -
JNPA reports 16.49% YoY growth in container handling in Sept.
1 day ago — The Hindu Business -
Social security agreement with US to take time, says Piyush Goyal
According to the minister, the social security coverage details that have been shared with the US cover about 930 million people in India1 day ago — Business Standard -
Living standards to see steepest rise in coming decades: FM Sitharaman
The finance minister said that the effects of the last ten years of economic and structural reforms would manifest more thoroughly in the coming years, as the Covid shock fades from the economy1 day ago — Business Standard
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