- newBlock deal alert: Madhuri Madhusudan Kela picks stake in debutant Godavari Biorefineries below issue price
Ace investor Madhuri Kela bought 5 lakh shares in Godavari Biorefineries via a block deal at Rs 335.66 apiece. The stock listed at a 12% discount but recovered to close at Rs 342.85. Godavari Biorefineries is one of India's largest ethanol producers.
- 9 hours ago 30 Oct 24, 8:49pm - - newTata Power Q2 Results: Net profit jumps 51% YoY to Rs 1,533 crore
Tata Power Q2 Results: Revenue from operations declined 1% year-on-year to Rs 15,247 crore. Consolidated EBITDA for the quarter increased 23% to Rs 3,808 crore, driven by expanded solar manufacturing, favorable regulatory developments in distribution, and improved operational efficiency across business segments.
- 10 hours ago 30 Oct 24, 7:12pm - - newMutual funds will now have to deploy NFO proceeds within 30 days, says Sebi
The Investment Committee may extend the timeline by 30 business days, providing recommendations to ensure timely deployment and ongoing monitoring. Upon receiving reasons for delays, the Committee should assess the root cause before approving any partial or full extension.
- 12 hours ago 30 Oct 24, 5:22pm - - newDabur declares dividend of Rs 2.75 per share, fixes November 8 as record date
Dabur's board announced an interim dividend of Rs 2.75 per share alongside its Q2 results for fiscal year 2025, with a record date of November 8. Shareholders will receive the dividend on November 22, as per regulatory filings.
- 13 hours ago 30 Oct 24, 4:32pm - - newDabur Q2 Results: PAT drops 17% YoY to Rs 425 crore; revenue falls 5%
Dabur Q2 Results: Dabur India's consolidated net profit fell 17% to Rs 425 crore for the quarter ending September 2024, with revenue dropping 5% to Rs 3,029 crore. The company also announced an interim dividend of Rs 2.75 per share. The shift towards quick commerce impacted traditional sales channels. Dabur remains confident about future growth and recovery in demand.
- 14 hours ago 30 Oct 24, 3:26pm - - newAhead of IPO, Swiggy commands a GMP of 4% over issue price
Swiggy's IPO is set to launch on November 6, with bidding open until November 8. The company has seen declining grey market demand, pricing the IPO between Rs 371-390 per share. The GMP has dropped from Rs 25-30 to Rs 18, suggesting investors are currently willing to pay about Rs 415 for a share.
- 16 hours ago 30 Oct 24, 2:07pm - - newNew payment systems could weaken dollar dominance and spike De-dollarization: JP Morgan
The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan.
- 16 hours ago 30 Oct 24, 2:05pm - - newThree mansions, three mothers, and 11 children: Elon Musk is planning a $35 million secret compound for his family
Elon Musk is building a 14,400-square-foot mansion for his large family. He wants his 11 children and two of their three mothers to live in adjacent properties. The project costs around $35 million. Musk also owns a nearby six-bedroom house where he often stays. Musk aims to spend more time with his children.
- 17 hours ago 30 Oct 24, 12:27pm - - newIndia vs. China: TikTok founder Zhang Yiming is China's richest person but is only half as wealthy as India's Mukesh Ambani
ByteDance founder Zhang Yiming is now China’s richest person with net worth of $49.3 billion. India's richest man Mukesh Ambani has a significantly higher net worth of $102 billion. China’s total billionaire wealth decreased by 10% while India's billionaires increased. The Hurun China Rich List saw the lowest new additions in two decades.
- 18 hours ago 30 Oct 24, 11:38am - - newJoe Biden under fire for calling Trump supporters 'garbage', even from some Democrats
US President Joe Biden came under fire Tuesday for appearing to refer to Republican Donald Trump's supporters as "garbage" during an election campaign call. The comments were seized upon by Trump's campaign, with the Republican presidential hopeful calling them "terrible."
- 19 hours ago 30 Oct 24, 10:34am - - newRBI to cut rates in December to 6.25%, say narrow majority of economists: Reuters poll
India's central bank is expected to cut its key policy rate by 0.25% in December to support slowing economic growth. A Reuters poll shows a slim majority of economists predicting the rate cut. Inflation is expected to moderate, providing the Reserve Bank of India room for policy easing. Growth rates are also predicted to slightly decline.
- 21 hours ago 30 Oct 24, 8:42am - - newTrump's social media company is now worth than Musk's X after recent surge in stock price
Shares of Trump Media and Technology Group, which the former US president created after he was banned from Twitter and Facebook following Capitol riots, is now valued at over USD 10 billion. On Tuesday, the stock rose more than 12 per cent to USD 53.30, on top of a 21.6 per cent gain Monday. The stock was moving so sharply that trading was briefly halted several times during the morning.
- 22 hours ago 30 Oct 24, 7:49am - - newJoe Biden suggests Donald Trump supporters are 'garbage' after comic's insult of Puerto Rico
President Joe Biden criticized Donald Trump's supporters after a speaker at a Trump rally made derogatory remarks about Puerto Rico. Biden condemned the rhetoric as un-American and emphasized the honor and decency of Puerto Ricans. His comments faced backlash from Republicans and some Democrats ahead of Election Day.
- 22 hours ago 30 Oct 24, 7:41am - - Looking forward to advancing EU-India FTA talks: Spanish President Sanchez
Spanish President Pedro Sanchez emphasizes the significant potential for a stronger EU-India partnership, focusing on advancing the EU-India FTA negotiations. He highlights Spain's investments, renewable energy expertise, and transportation systems as key contributions to India's infrastructure and green energy goals, promoting mutual economic growth.
- 2 days ago 29 Oct 24, 4:21pm - - Nothing stops private sector from coming and doing business in India: Nirmala Sitharaman
In a recent discussion, Union Finance Minister Nirmala Sitharaman emphasised that no sector is off-limits for private business in India. Highlighting reforms under Prime Minister Modi, she stated that privatisation and ease of doing business have been prioritized to eliminate red tape and corruption.
- 5 days ago 26 Oct 24, 8:56am -
- Finance minister Nirmala Sitharaman calls on US investors to tap opportunities in India
Finance minister Nirmala Sitharaman urged US pension funds and institutional investors to invest in India. At a roundtable in New York, she highlighted India's strong economic growth and investment opportunities. India is projected to remain the fastest-growing major economy, with growth rates of 7% and 6.5% this fiscal and the next, respectively.
- 9 days ago 21 Oct 24, 10:00pm - - Karnataka’s GSDP at 10.2% outperforms national average of 8.2%, says CM, dismisses NSE projection
Karnataka's GSDP growth rate of 10.2% in FY 2023-24 outperformed the national average of 8.2%, amid challenges like drought and global IT slowdown. The government credited strategic governance and diversified growth drivers, despite opposition claims of stagnant growth.
- 9 days ago 21 Oct 24, 7:38pm - - Rise of new cities: Meet the new Gurgaons of India that are growing quietly but steadily
The Centre has outlined strategies to tackle rural unemployment and boost job growth in non-metro cities. The rise of satellite cities like Sri City, Shendra-Bidkin, and Greater Noida is seen as a solution to urban congestion, offering new industrial and residential hubs. Experts emphasize smart planning to ensure these emerging cities foster sustainable growth and balanced regional development.
- 11 days ago 19 Oct 24, 11:22pm - - Jamnagar's SME IPO gets highest listing premium of 387% in 2024, 15th multibagger debut of the year
Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.
- 14 May 24, 2:42pm - - SRM Contractors sets IPO price band at Rs 200-210 per share; issue to open on March 26
SRM Contractors IPO will open for subscription on March 26. The company is looking to raise Rs 130 crore. It has set the price band of Rs 200-210 per share for the IPO.
- 21 Mar 24, 4:36pm - - Lok Sabha election 2024: Maharashtra get interesting after splits in Shiv Sena, NCP
Lok Sabha election 2024: The BJP-Shiv Sena won 41 of the 48 seats in the 2019 polls, but the Sena has split since and a vast majority of the Bal Thackeray-founded party is now allied with the BJP. The Nationalist Congress Party also split as well with Ajit Pawar joining the ruling alliance in the state, led by Eknath Shinde. In the 2019 Lok Sabha polls, the BJP emerged the top party with 23 seats, followed by the undivided Sena with 18.
- 17 Mar 24, 12:16pm - - Modi charisma key factor in BJP's bid to retain all 26 seats in Gujarat
Gujarat's upcoming Lok Sabha elections are influenced by PM Narendra Modi's charisma, anti-incumbency, unemployment, inflation, education, healthcare challenges, and BJP's endeavor to secure all 26 seats. Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency, unemployment, inflation, education and healthcare facilities are some of the other important issues in the election, where the ruling BJP in Gujarat will attempt…
- 16 Mar 24, 8:35pm - - Implementation of 'guarantees', decline of BRS favour Congress in Telangana, BJP aiming for better show
The BJP, riding high on its growing voter base in Telangana, is now aiming to win over 12 out of the total 17 seats and 35 per cent vote share, in the upcoming Lok Sabha polls. The party doubled its vote share to nearly 14 per cent resulting in eight seats in the assembly elections held on November 30, last year. BRS, which ruled the state for about a decade since its emergence, is low on morale following the defeat, even as its founder and former Chief Minister K Chandrasekhar Rao's daughter K…
- 16 Mar 24, 5:48pm - - Kavitha arrest before polls may hit BRS morale, hasten desertions; party calls for protests tomorrow
Kavitha's arrest before Lok Sabha elections may psychologically impact BRS party. Meanwhile, fomer minister Harish Rao announced protests in the state. Moreover, desertion of MPs and leaders who are not contesting polls adds to party's troubles. Nagesh Kumar predictsed that more desertions could happen due to Kavitha's arrest.
- 15 Mar 24, 9:57pm - - A mysterious "push" probably behind Mamata Banerjee's fall, suggests hospital director
West Bengal Chief Minister Mamata Banerjee clarified that her fall at home was due to a 'sensation of push.' Initial reports suggested she fell due to 'some push from behind,' leading to injuries on her forehead and nose. Banerjee received treatment at SSKM Hospital and is reported to be clinically stable. The incident sparked speculation, but the police confirmed no complaint has been lodged. Banerjee has suffered injuries in the past and is under a "Z+ category" security cover.
- 15 Mar 24, 6:59am - - Rajasthan: Two former ministers, several ex-MLAs quit Congress to join BJP ahead of Lok Sabha polls
It is a second major jolt to the Congress within a few days as former minister Mahendrajeet Singh Malviya recently joined the BJP which fielded him from Basnwara in the LS elections. Rajasthan Chief Minister Bhajanlal Sharma, state BJP president C P Joshi and Union minister Bhupendra Yadav welcomed the new joinees into the party fold at its state headquarters. Addressing the joining ceremony, Kataria said he was driven by his conscience to join the BJP. He said the BJP understands the pain and…
- 10 Mar 24, 9:14pm - - Despite promoter stake sale, these 7 stocks clocked double-digit gains in 2 months
ETMarkets scanned through the quarterly shareholding of promoters, and found seven companies where the holding came down sharply on a sequential basis, while the stocks have gained up to 55% so far in 2024.
- 26 Feb 24, 9:46am - - Standard Chartered doesn’t see rupee cross 84 even if dollar climbs
“The Reserve Bank of India has been protecting rupee from depreciating very sharply,” Parul Mittal Sinha, head of India financial markets at the lender said on Bloomberg TV Friday. The monetary authority has “been following the stated policy of containing volatility in the rupee,” she said.
- 29 Sep 23, 3:01pm - - Coffee Day Enterprises Q1 Results: Firm swings to black, reports Rs 23 crore profit
Revenue from operations was at Rs 247.29 crore during the quarter under review. It was at Rs 210.49 crore in the year-ago period.
- 15 Aug 23, 12:55pm - - Selective in pharma and capital goods; will move to overweight in IT on weakness: Trideep Bhattacharya
“From an asset allocation perspective, a slightly longer-term answer to your question is yes, inflation is likely to be stickier and hence, while rates might have peaked, coming down might take some time. The asset allocation needs to be thought about in that context.”
- 15 Aug 23, 11:05am - - Apple faces Indian engineer’s bias lawsuit
Anita Nariani Schulze is part of the Sindhi minority. Her complaint alleges that her senior and direct managers, both male, consistently excluded her from meetings while inviting her male counterparts, criticised her, micromanaged her work and deprived her of bonuses, despite positive performance evaluations and significant team contributions.
- 25 Mar 21, 11:14pm - - Despite transatlantic 'love fest', EU charts third way in ties with US and China
But two senior envoys who attended said there was no direct response from the ministers gathered in Brussels when Blinken said: "We must push back on China together and show strength in unity."
- 12 Mar 21, 4:53pm - - Twitter's India policy head to step down; will transition in March
This comes as the San-Francisco based firm is at the receiving end of the Indian government over an issue of blocking and unblocking certain handles tweeting about farmer protests.
- 7 Feb 21, 1:01pm - - Govt may keep Rs 7,500 cr outlay for IT hardware manufacturing under PLI scheme
Foreign companies looking for incentives under the scheme may have to invest Rs 500 crore over four years, while the threshold for domestic firms is likely to be around Rs 20 crore for five years, the source who did not wish to be named said.
- 18 Jan 21, 9:41pm - - Indian dating apps, services see surge of paying users in small cities
Growth More than in MetrosAccording to companies like Aisle and Truly Madly, which have millions of users and position themselves as “serious” dating apps, and bespoke high-end dating services like Sirf Coffee, a lot more users from such places are not only keen on using these apps, but also willing to pay for it.
- 1 Jan 21, 10:39pm - - Time for government, companies to adopt artificial intelligence: Deloitte India
“Indian companies need to re-skill, train, and acquire more relevant talent, if they are to successfully integrate AI technologies. Most importantly, they should be willing to make the continued investment. It is an uphill race in which there will be winners and losers,” said Deloitte India CEO N Venkatram.
- 27 Dec 20, 11:33pm - - Narendra Modi has his eyes set on boosting business: Joao Cravinho, EU Ambassador
Ambassador Joao Cravinho, head of the EU delegation, led Ambassadors of various European countries to a quiet lunch with Modi at the capital last year.
- 3 Jun 14, 5:34am - - Confidence level of industry improving: KV Kamath, ICICI Bank
"It is the collective wisdom of the marketplace that there is action and we will move with speed. That improves the confidence level of industry."
- 2 Jun 14, 2:27pm - - We may see rapid growth over the next few years: Raamdeo Agrawal
Directives from the Centre have to be executed at the state level. So, there are many things that are not in Modi’s hands, says Raamdeo Agrawal.
- 2 Jun 14, 8:00am - - Every decision of government needn’t be a big reform: Anand Mahindra
"The fact that we are the world’s largest democracy and we are all aware that power and a role in global affairs for a nation comes from economic strength."
- 2 Jun 14, 4:00am - - Our commitment for press freedom, and autonomy of public broadcast is absolute: Prakash Javadekar
"Now there is a stage three and stage four of digitisation, we will take a call on this only after taking all things into account."
- 31 May 14, 4:00am - - There is a leadership vacuum in Infosys, time to get Nandan Nilekani back: Mohandas Pai
"There is a leadership vacuum in the company, because they made the wrong choice of CEO three years ago and that is playing out right now."
- 29 May 14, 12:40pm - - ET Search
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- 6 Aug 13, 1:45pm - - After the Oscars, what's next for silent stars of The Artist?
The team behind The Artist will have spent the first day of the rest of their lives conforming to the grandest, and most lucrative, of Hollywood traditions.
- 29 Feb 12, 12:42am - - Delhi World Book fair: A fair like no other
It's the World Book fair, which comes around once every two years sprawling across the giant halls of Pragati Maidan. This is the fair's 20th edition.
- 25 Feb 12, 7:38am - - Indian gift makes its way to State Department exhibition
An elephant figurine gifted by the then HM LK Advani to US Secretary of State Colin Powell in 2002, has made its way to the State Department hall.
- 24 Feb 12, 1:39pm - - IMD to use dynamic models for forecasts
Statistical models used by IMD will still be used for monsoon forecast, but the ministry of earth sciences is putting more emphasis on dynamic models.
- 22 Feb 12, 2:19am - - Docs reveal contents of first wire msg between India & Eng
Newly discovered documents have revealed the first telegraph messages and joy when England was linked for the first time with India on 23 June, 1870.
- 21 Feb 12, 3:19pm - - Worried Amitabh Bachchan fans pray to Lord Shiva for his recovery
Hundreds of worried fans of ailing Bollywood megastar Amitabh Bachchan today performed a yagna here to pray for his speedy recovery.
- 20 Feb 12, 4:27pm - - Alfa raises delisting price to Rs 2,850 a share
Alfa Laval (India) today said its parent firm has raised the delisting offer price to Rs 2,850 a share.
- 10 Jan 12, 5:49pm - - DB Realty, Unitech stocks rose
The stocks of DB Realty and Unitech rose after top executives of these companies were granted bail in the 2G scam case.
- 30 Nov 11, 3:55am - - Fitch withdraws Reliance Capital ratings
Fitch on Friday said it has withdrawn the ratings on Reliance Capital as the company has decided to stop participating.
- 20 Oct 11, 9:00pm - - 'Discoms' poor fin health poses risks for traders'
The poor financial health of state electricity boards could pose significant business risks for power traders in the country, says Fitch.
- 20 Oct 11, 8:02pm - - Cigarette cos shares outperform benchmark Sensex
Shares of cigarette companies have rallied over the past one month, with ITC, Godfrey Philips and VST Industries hitting record highs.
- 19 Jul 11, 1:35am - - Lovable Lingerie's dream run on as traders lap it up
Lovable Lingerie is 3rd-best performing stock among companies listed this year, with it doubling in value, as traders bet it could repeat performance of Page Indus.
- 18 Jun 11, 12:25am - - 'Big Daddy' laps up Cipla after Q1 nos beat forecast
Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate.
- 14 Aug 10, 3:35am - - Old Fox has dream run on Dalal Street
The Old Fox of Dalal Street has been on a dream run since the past couple of weeks. On Friday, most stocks that he had been steadily building up positions in figured among key gainers of the day.
- 14 Aug 10, 3:26am - - Cairn India hits record high on BSE amid stake sale talks
The scrip, which was flat for most of the session, shot up in the final hour of trade on the Bombay Stock Exchange to settle with a net gain of 4.36 per cent at Rs 355.45.
- 13 Aug 10, 8:11pm - - Vedanta plunges 5.59% on LSE amid talks to buy Cairn stake
In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on the LSE. Vedanta opened on a positive note, but soon swung into the red.
- 13 Aug 10, 7:26pm - - SBI shares on gaining spree; hit record high
In the past two days, the scrip recorded a gain of over 9 per cent on the BSE, making its investors richer by a whopping Rs 15,000 crore.
- 13 Aug 10, 6:47pm - - Traders bet on calendar spread as Nifty moves in a tight range
A trading combination involving Nifty options is gaining prominence among savvy trading desks of institutional investors.
- 13 Aug 10, 2:25am - - Seven out of top 10 Asian small-cap funds are Indian
An analysis of 300 Asian small-cap schemes shows DSP BlackRock Micro Cap Fund leading the charge, delivering an 82% return over the past year.
- 12 Aug 10, 10:50am - - Nifty may find support at 5300 level
As far as stock futures are concerned, we are very near to the highest-ever open interest with 195 crore shares in open interest.
- 12 Aug 10, 2:22am - - 'Don't bank only on price-to-earning ratio'
Many experts believe that looking at PE ratio in isolation won’t help investors grasp realities of the mkt and higher valuation may not be the only deciding factor driving mkt.
- 9 Aug 10, 3:55am - - Market may trade in a range, but FIIs seen sold on India
Market may see range-bound trading this week in the absence of any major trigger.
- 9 Aug 10, 1:05am -