By Ravi Singh The benchmark indices are currently trading with a neutral to negative bias, while recommending a cautious approach. Fresh long positions are advised only if the Nifty decisively trades above the 24,500 mark, a level that could signal the onset of sustained positive momentum. However, prevailing market conditions indicate a higher presence of
Mahindra has finally launched its much-awaited electric SUVs in India, the BE 6e and the XEV 9e. The former carries a price tag of Rs 18.9 lakh and the latter costs Rs 21.9 lakh, both ex-showroom. Bookings for the electric SUVs will begin soon and the details are more than just interesting. Let’s take a
Bengaluru-based EV maker River, has given the Indie its first upgrade since its launch. The new updated River Indie gets mechanical changes and new colour options, while it is priced at Rs 1.42 lakh, ex-showroom. The River Indie is called the SUV of scooters and the reason behind it is quite evident — its dimensions
In line with the biggest shopping festival in the West, which takes place on November 29 this year, several of the country’s leading brands and retailers, such as Adidas, Flipkart, Nykaa, and Amazon, have started their Black Friday offers. Black Friday, a concept imported from the US, marks the start of the Christmas shopping season.
The Insolvency and Bankruptcy Board of India’s (IBBI) proposal to include an option of mediation for operational creditors (OCs) under the Insolvency and Bankruptcy Code (IBC), should be looked into “seriously”, as it will cut the burden of NCLTs, said Anita Shah Akella, joint secretary, ministry of corporate affairs on Tuesday. “The (voluntary mediation) proposal
The Delhi High Court has stayed the Solar Energy Corporation of India’s (SECI) decision to bar Anil Ambani group company Reliance Power from participating in auctions for three years, the company said on Tuesday. Earlier this month, SECI barred RPower and its units from participating in auctions for three years over allegations of submitting a
Gold prices witnessed a significant decline for the second consecutive session, falling by Rs 1,250 to Rs 78,150 per 10 grams in the national capital on Tuesday. The drop comes as the US dollar continues to strengthen, reducing the appeal of gold as a safe haven asset in the global markets. According to the All
Indian rupee declined 3 paise and closed the trade at 84.32 on Tuesday, as the US dollar got more firm on Donald Trump’s tariff plans and a weak trend in the stock market. The statements from Donald Trump that he would impose additional 10 per cent tariffs on Chinese goods and would impose a 25
After announcing the end of its 24-year joint venture with Bajaj group, the Allianz SE is now making efforts for a new joint venture with Mukesh Ambani-led Jio Financial Services, a report by Economic Times said. Quoting people in the know, the report suggested that it is Allianz’s second attempt at the domestic life and
IndusInd International Holdings (IIHL) will list Reliance General Insurance and Reliance Nippon Life Insurance, the subsidiaries of Reliance Capital, in the next two years, chairman Ashok Hinduja said on Tuesday. The acquisition of Reliance Capital is now complete and IIHL will retain only two subsidiaries – broking and asset reconstruction – out of nearly 40
Fortune, they say, favours the bold. That certainly holds true for Sanjiv Bajaj. Although he inherited what was considered at the time to be the less-glamorous piece of the family business, the younger son of industrialist Rahul Bajaj has built a fabulous financial services franchise. While Bajaj Finance is a powerhouse in itself with a
Bajaj Auto share price is likely to be in focus today, with the latest announcements by the company. From leadership extensions to fresh capital infusion and stock performance trends, here’s why Bajaj Auto shares are in focus today: Leadership developments: Rajiv Bajaj’s tenure extended The company’s board has reappointed Rajivnayan Rahulkumar Bajaj as the Managing
The foreign institutional investors finally bought into the cash market after almost a month. Now, the question strikes, will the Nifty 50 be able to cross the 23,000 level this week? Market participants believe that 23,000 is a key resistance level. However, the markets are likely to incline on the back of positive global cues
