MUMBAI: Domestic investors and speculators on Dalal Street went for profit-booking on Wednesday after seven consecutive sessions of gains although foreign investors were net buyers. As a result, the sensex closed 729 points lower at 77,289 while Nifty lost 189 points to 23,487.According to Vinod Nair of Geojit Investments, the market experienced profit-booking on the…
MUMBAI: Former Britannia CEO Rajneet Kohli is joining HUL as executive director, foods. Kohli will be taking over from Shiva Krishnamurthy who is moving on to pursue an external opportunity, the company said on Wednesday. Kohli’s appointment will be effective from April 7. Source link
NEW DELHI: Bharti Airtel and subsidiary Bharti Hexacom have prepaid an additional Rs 5,985 crore of high-cost spectrum liabilities to govt, the telco said on Wednesday. Airtel’s subsidiary Network i2i has also voluntarily called and redeemed $1 billion in ‘perpetual debt securities’. Source link
India has decided to discontinue parts of its gold monetisation scheme, which had encouraged households and institutions to deposit idle gold in exchange for interest payments. The scheme, which was introduced in 2015, offered the option of gold deposits for 1-to-3 years, 5-to-7 years, and 12-to-15 years.The finance ministry announced late on Tuesday that the…
Whilst the most severe phase of the slowdown appears to be over, Goldman Sachs advises investors to remain vigilant regarding market volatility. (AI image) Goldman Sachs has said the worst is likely over for the Indian economy. In a recent report the global financial firm has said that India has likely moved past its most…
JSW Steel is now ahead of US-based Nucor Corp, which held a market capitalisation of $29.92 billion. Sajjan Jindal-led JSW Steel has achieved a significant milestone by becoming the world’s highest-valued steelmaker, with its market capitalisation exceeding $30 billion on Tuesday.The impressive performance of JSW Steel’s stocks is attributed to a broader upward trend among…
Market experts anticipate a continued upward trajectory, supported by foreign institutional investor inflows. (AI image) Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Wednesday. While BSE Sensex went above 78,100, Nifty50 was above 23,700. At 9:25 AM, BSE Sensex was trading at 78,138.01, up 121 points or 0.15%….
NEW DELHI: Ratings agency S&P Global on Tuesday trimmed India’s GDP growth forecast for 2025-26 and asserted that Asia-Pacific economies will feel the strain of rising US tariffs specifically and a pushback on globalisation.It said domestic demand momentum should broadly hold up, especially in the region’s emerging-market economies. “India’s GDP will grow 6.5% in the…
NEW DELHI: SBI’s main branch in the national capital marked the beginning of its centenary year with the release of a special cover on Tuesday. The branch was set up on Jan 4, 1926, and named Raisina Road Branch. It was renamed New Delhi Branch on March 4, 1926. Source link
