After gaining over Rs 87 lakh crore in the first half of the financial year, stock market investors have seen their wealth erode by 43% or Rs 37 lakh crore in October – the worst in a single month. Before this, the worst-ever monthly market cap loss was in March 2020, when the panic over
The Securities and Exchange Board of India (Sebi) on Friday levied penalties totalling Rs 16 lakh on Edelweiss Asset Management, its CEO Radhika Gupta and fund manager Trideep Bhattacharya for violating mutual fund rules. The regulator has imposed a penalty of Rs 8 lakh on Edelweiss Asset Management and Rs 4 lakh each on Gupta
Are Indian markets open on Diwali day? The answer is yes Muhurat trading will be undertaken by both NSE and BSE. Know details of trade timing and its significance. Diwali Muhurat Trading 2024: Like every year, the Indian stock markets will have a special trading session on Diwali day. The exchanges will conduct a special
Indian markets created history in Samvat 2080 by hitting milestone after milestone. The Nifty surpassed 26250 and the Sensex surpassed 85900 in September 2024, with both indices gaining around 25% during Samvat 2080. The BSE Midcap and Smallcap index outperformed and gained 45% and 50% respectively. The upmove in markets was exceptional considering the spread
Go to Live UpdatesAfcons Infrastructure IPO 2024 Live Updates: Shapoorji Pallonji Group’s Afcons Infrastructure IPO opened on October 25. The company aims to raise Rs 5,430 crore. The issue consists of two components- issuance of fresh shares as well as an offer for sale. It will be closed on October 29. The IPO price band is
Afcons Infrastructure IPO opens on October 25. It will close on October 29. The company aims to raise Rs 5,430 crore from the primary capital market. The issue consists of two components- issuance of fresh shares as well as an offer for sale. Price Band The company’s IPO price band ranges between Rs 440 –
Shares of ITC gains over 4% to intra-day high of Rs 491 on NSE today after the diversified conglomerate announced its financial results for the quarter ended September 2024. ITC Ltd reported a consolidated net profit of Rs 4,993 crore for Q2 FY25, reflecting a modest 2% increase from Rs 4,898 crore in the corresponding
Private sector lender IndusInd Bank plunges 15% to hit intra-day low of Rs 1088.05 on NSE after posting its Q2 FY25 earnings, with a notable 39% year-over-year (YoY) decline in net profit. The bank’s latest results, released Thursday, also show moderate growth in net interest income (NII) but miss market profit expectations. Net Profit Falls
Warren Buffett rightly known as the world’s top investor, has wealth greater than $130 billion. But he didn’t make his riches by knowing it all—his wealth comes from real life experiences and deep knowledge in a few areas. He calls it his “circle of competence,” a core principle behind every investment he makes. Before we
Eversource Capital is reportedly in advanced discussions to acquire BluSmart for approximately Rs 850 crore. According to a CNBC-TV18 report, the investment firm has made a non-binding offer and is expected to reach a final decision within the next two weeks. ALSO READWill return wallet balance to customers in 90 days: BluSmart As part of
After a phase of sustained outflows earlier this month, foreign investors have made a strong comeback to Indian equity markets, injecting nearly Rs 8,500 crore last week. The inflows reflect improved investor sentiment driven by India’s resilient domestic economy and relative insulation from global trade disruptions. FPIs pump in Rs 8,472 crore in a holiday-truncated
‘I need 10 crore… then life is set!’ You must have heard this many times or maybe you have said it yourself. But is a huge amount like Rs 10 crore or Rs 50 crore really necessary to achieve financial freedom? This debate has been going on for decades and will continue in the future
Cognizant Technology Solutions has disclosed in its latest regulatory filing that its Chief Executive Officer, Ravi Kumar, received a total annual compensation of $16.1 million for 2024, marking an 11% increase from the previous year. In 2023, Kumar’s total compensation stood at $22.6 million, boosted by a significant one-time equity award granted at the time
