As the markets enter the second trading day of 2025, key stocks across sectors are in focus, with investors closely tracking early trends that could set the tone for the year ahead. As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open flat on Thursday, January 2.
Accel has raised $650 million (Rs 5,500 crore) for its eighth India fund, according to the US Securities and Exchange Commission filings, seen by FE. With this, the venture capital firm’s total investment commitment to India will reach close to $3 billion. It had raised another $650 million for its seventh round in March 2022.
After closing in the red on the last day of 2024, benchmark indices started the new year on a positive note. On Wednesday, the Sensex hit a high of 78,756.49, up 617.48 points or 0.79%. However, it pared some gains to end the day at 78,507.41, up 368.40 points or 0.47%. The Nifty soared by
Quick commerce firm saw their sales soaring to unprecedented levels in December 31. However, industry leaders anticipate a tough road ahead in 2025 as competition intensifies and market dynamics evolve. Aadit Palicha, co-founder and CEO of Zepto, underscored the sector’s remarkable growth and the challenges that lie ahead in two separate LinkedIn posts. “This New
E-commerce platform Snapdeal has reduced its losses considerably in FY24, despite near-flat revenue growth during the year. The company narrowed its net loss by 43% to Rs 160.4 crore in FY24, from Rs 282.2 crore a year ago. On an adjusted basis, Ebitda loss narrowed by 88% to Rs 16 crore from Rs 144 crore
In the run-up to the Budget 2025-26, the India Cellular and Electronics Association (ICEA) has urged the government to simplify the tariff structure and sought a reduction in duties on electronics parts and components used in mobile phones, television sets, hearables, and car displays. In a letter to the finance ministry, ICEA said India’s current
Easy Trip Planners, the parent company of online travel booking platform EaseMyTrip, announced the resignation of its CEO Nishant Pitti on Wednesday, adding that Pitti was stepping down for personal reasons. Nishant’s brother and the company’s CFO, Rikant Pittie, has been appointed the new CEO, effective January 1. The announcement came a day after Nishant
Viacom18 Media, a media and entertainment company, has become a direct subsidiary of Reliance Industries (RIL). This shift follows the conversion of over 24.61 crore compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares. On December 30, Reliance Industries converted 24,61,33,682 CCPS into an equivalent number of equity shares, following approval from
In the Pre-Budget Memorandum 2025, the Institute of Chartered Accountants of India (ICAI) has suggested introducing a provision allowing joint income tax return filing for married couples. This proposal seeks to address the increasing economic pressures families face. Currently, individuals can either opt for the default tax regime under Section 115BAC or choose the normal
Laxmi Dental, a name in the dental products industry, opened its IPO for subscription today, January 13, and will close on January 15. If you are considering applying, here are the details of this IPO and what it means for you. Laxmi Dental IPO, a mainboard offering has set his price band between the range
Foreign investors have been net sellers in India in 6 of the 7 trading days in January so far. This is in continuation of the significant outflow seen in 2024 as well. According to the latest updates on the NSDL website, FIIs have sold shares worth Rs 22,259 crore in the first two weeks of
The benchmark equity indices opened Monday’s trading session gap-down. The NSE Nifty 50 opened 221.20 points or 0.94% lower at 23,210.30, while the BSE Sensex jumped 712.94 points or 0.92% to open at 76,665.97. Analysts expect that the better US jobs data dented hopes for an early interest rate cut this year by the US
For many individuals seeking to buy a home, navigating the challenges of securing a loan in the face of high property prices can be difficult. Joint housing loans often offer a practical solution. Many dual-income households are opting for joint home loans to help make their dream of homeownership a reality. A joint home loan
