Benchmark equity indices recorded their biggest single-day loss in three months on Monday, as a barrage of bad news hits investor sentiment. Concerns over the human metapneumovirus (HMPV), disappointing Q3 business updates from banks and uncertainties surrounding new US economic policies were the key headwinds. At the same time, the fall in ITC stock due
The markets extended loss and ended in the red for the second straight session. The Sensex fell 1,258 points, or 1.6%, closing the day at 77,965, while the Nifty declined 382.95 points, or 1.6%, ending at 23,621.80. ITC is among the top index losers followed by metals, power and select banks. However, some stocks saw significant
Systematic Investment Plans (SIPs) have gained immense popularity among investors today. Mutual fund SIP investments in November remained above Rs 25,000 crore for the second consecutive month, AMFI data on month-wise SIP contributions showed. SIPs offer numerous advantages that appeal to both novice and seasoned investors. With SIPs, you can invest in mutual funds while
To boost productivity and foster inclusive growth, the Confederation of Indian Industry (CII) has recommended that the government prioritise employment generation as a central theme in the Union Budget for FY26. The CII has suggested the introduction of an integrated National Employment Policy (NEP), which would consolidate various employment-generating schemes currently being implemented by multiple
SBI Special FD Scheme: The State Bank of India (SBI) has launched a special fixed deposit (FD) plan called ‘SBI Patrons’ for super senior citizens—individuals who are 80 and above. Under the ‘SBI Patrons’ scheme, available to both existing and new FD investors, the bank will offer super senior citizens an interest rate of 10
Page Industries Limited, the licensee for Jockey and Speedo, on Monday announced the appointment of Karthik Yathindra as the Chief Executive Officer, effective 01 April 2025. He has been associated with the company for over nine years and has held several leadership positions, overseeing areas of sales, retail, product, marketing and supply chain. In a
The construction activity, primarily for road players, was impacted by the model code of conduct in Q1FY25 and an elongated monsoon period, along with milestone-based billing (against monthly billing till March 2024) in Q2FY25, stated a report by ICRA. The impact is reflected in the modest revenue growth of approximately 1.5 per cent in year-on-year
With Vodafone Idea (Vi) getting ready to launch its commercial 5G services in March, almost two-and-a-half years after Reliance Jio and Bharti Airtel, all eyes will be on its pricing strategy. CEO Akshaya Moondra had said recently that the telco will have to look at 5G pricing differently than peers Jio and Airtel since it
Maha Kumbh Mela 2025: Days before the start of the world’s largest religious congregation ‘Maha Kumbh 2025’, digital payment app PhonePe, in partnership with ICICI Lombard General Insurance, has launched a first-of-its-kind insurance coverage for devotees travelling to Prayagraj. The insurance plan is designed for travellers attending the upcoming Maha Kumbh Mela from January 13
Shares of Indian IT outsourcing giants Infosys Ltd., HCL Technologies Ltd. and Wipro Ltd. got a boost from Donald Trump’s US election win. They will get a chance to comment on how his presidency might affect their businesses when they post earnings. Overall, investors appear to view the incoming administration favorably for the sector, as
Larsen & Toubro’s chairman, SN Subrahmanyan, recently faced backlash after comments he made about wanting his employees to work 90 hours a week went viral. During an employee interaction, Subrahmanyan expressed regret over not being able to make employees work on Sundays, suggesting that working on weekends would lead to “extraordinary outcomes.” His remarks, which
The equity markets end the highly volatile session on a lower note on Friday. The Nifty 50 closed the counter 95 points, or 40%, lower at 23,431.50, breaching its important support level of 23,500. The Sensex dropped 241.30 points, or 31%, finishing the day at 77,378.91. The Nifty 50 shed 2.5% this week while the
The Indian rupee slid to an all-time low on Friday, closing at 85.9650 against the US dollar, down 0.2% for the week. This marked its tenth consecutive weekly decline, surpassing the previous record low of 85.9325 reached on Thursday. The currency has faced consistent pressure from a strengthening dollar and weak capital inflows. The dollar
