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
Top 5 debit cards offering complimentary airport lounge access in India: After banks saw a growing demand for credit cards offering complimentary lounge access at airports in India and abroad by Indian users, they started offering the key facility for travelers on their select debit cards also, along with other important benefits like cashback, air
Turkey is one of the key expansion destinations for Jubilant FoodWorks (JFL). One of India’s leading fast-food giants, Jubilant listed out its growth plans for FY26 after the announcement of the Q4FY25 results, and Turkey features prominently in it. Notwithstanding the current ‘boycott Turkey‘ calls on social media, Jubilant assures shareholders that “operations in the
The market momentum suddenly gathered pace in afternoon trade on expiry day with the Sensex and Nifty shooting up significantly from morning levels. The Sensex has jumped 1,300 points to over 82,600 levels and the Nifty is now cruising past the 25,000 levels for the first time since October, 2024. Apart from supportive global cues
The Income Tax Department has released the income tax return forms for the financial year 2024-25 (assessment year 2025-26). That is, now you can give the account of income and tax paid from 1 April 2024 to 31 March 2025 by filing an income tax return. Like the previous year, the government has notified seven
State-owned GAIL India Ltd on Tuesday reported a marginal rise of 1.3% in its consolidated net profit for the last quarter of the financial year 2024-25 at Rs 2,505.61 crore from Rs 2,474.31 crore recorded in the same period of FY24. On a sequential basis, however, the net profit fell by 39% from Rs 4,084.24
