As the countdown to Diwali and Dhanteras starts, precious metal prices including gold and silver have been scaling new highs. The price of 24 carat gold is hovering close to the Rs 80,000/10 gm mark. It has been observed that generally gold prices see an uptick in demand and prices around the festive season. Families
Go to Live UpdatesHyundai IPO 2024 Live Updates: India’s largest-ever IPO, Hyundai Motor India, is set to make its highly anticipated market debut in just a few hours. Hyundai IPO’s grey market premium has dropped to 2%, with shares trading at a Rs 45-50 premium over the issue price of Rs 1,960. This marks a
Shares of Bajaj Housing Finance to remain in focus today as the newly listed housing finance company posted reported a 21% year-on-year (YoY) increase in net profit at Rs 545.6 crore for the second quarter that ended September 30, 2024. Bajaj Housing Finance’s Q2FY25 Performance The company posted a 21% year-on-year (YoY) increase in net
GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade. GIFT Nifty ended 26.50 points or 0.11% up at 24,806.50 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on
The low market share of the BSE in monthly options contracts may limit its potential for gains once the Securities and Exchange Board of India’s (SEBI) new index derivatives trading norms come into effect, according to experts. Brokerage firm Jefferies pointed out that the BSE holds a 10% market share in monthly contracts, which remain
Franklin Templeton India re-entered the debt space with its ultra-short duration fund recently after it abruptly decided to shut down six schemes in March 2020. Rahul Goswami, CIO & MD, India Fixed Income tells FE that while the flows into the fixed income space has been muted, he expects things to improve. Excerpts: What will
Unity Small Finance Bank, backed by BharatPe and Centrum Financial Services, will consider listing in two-three years, a senior official said. “According to Reserve Bank of India (RBI) guidelines, a bank must be in existence for five years (before listing). We are completing third year of operations, and I think we will actively explore this
Shares of some Tata Group companies, especially Tata Chemicals, gained on Monday as speculation over the listing of Tata Sons drove hopes of value unlocking for investors. Tata Chemicals, which holds a 3% stake in Tata Sons, was one of the biggest gainers as it rose over 9%. It could be the biggest beneficiary of
The central government is continuously working to simplify and streamline the tax system, aiming to reduce disputes. In this direction, Union Finance Minister Nirmala Sitharaman has reportedly given strict instructions to the Central Board of Direct Taxes (CBDT) to identify all departmental tax appeals involving amounts less than the “revised monetary limit announced by the
An increasingly bitter inheritance dispute at the Rs 30,000 crore-valued Sona Comstar Group has brought late industrialist Sunjay Kapur’s family into the spotlight. Kapur’s mother, Rani Kapur, has accused unnamed individuals of attempting to wrest control of the family-run business. In a letter, Rani alleged that she had been locked in a room and forced
Leading private sector banks like HDFC Bank had earlier reported an improved performance in the June 2025 quarter and investors were keenly awaiting the results of Kotak Mahindra Bank. The Kotak Mahindra Bank stock ended Friday’s trade 0.8 % lower at Rs 2,125 and it is not too far from its 52-week high of Rs
Public sector bank Union Bank of India on Friday announced waiving penalty charges for not maintaining the minimum balance amount in general savings accounts. The direction is effective from the quarter ending September 2025. “In alignment with the spirit of financial inclusion and customer-centric banking, Union Bank of India now waives charges for non-maintenance of
Bajaj Finserv on Thursday reported a 30 per cent year-on-year rise in consolidated net profit at Rs 2,789 crore for the first quarter of FY26, compared to Rs 2,138 crore in the same period last year. However, its lending arm Bajaj Finance has reported a decline in asset quality. Bajaj Finserv: Revenue rises 12.5 per
