At a time when market experts have been advising investors to prune returns’ expectations from 2025, the benchmark indices’ 2.3% surge in the first two days has raised hopes that the stock market may deliver strong returns this calendar year. Market experts, however, aren’t impressed, pointing out that the fundamental concerns of expensive valuations, earnings
The Indian stock market has been going through tough times, but the good news is that retail investors have continued to invest in systematic investment plans (SIPs), says Radhika Gupta, MD & CEO of Edelweiss Asset Management Company. Gupta tells Akshata Gorde that the SIP book, currently at Rs 25,000 crore a month, will rise
The Petroleum and Natural Gas Board (PNGRB) has called out Petronet LNG for “profiting at the expense of gas consumers”, a move that sent the company’s stock plunging 8.5% in intra-day trade on the BSE on Thursday. The shares later closed at Rs 323.2, down 6.95%. Also ReadITC Share demerger: When will you get the
Axis Max Life Insurance Ltd, formerly known as Max Life Insurance Company Ltd, has announced the launch of Axis Max Life Sustainable Wealth 50 Index Fund. This fund, developed by Axis Max Life, plans to invest in companies that generate consistent cash flows based on the proprietary Sustainable Yield Index. This customised Index will be
Hindustan Zinc Limited (HZL), a Vedanta group company, on Thursday announced that the company reported a drop of 2 per cent on-year in mined metal production at 265kt during the third quarter of FY25. The decrease, it added, was due to lower ore production at Agucha and SK mines partly offset by improved mined metal
From condoms to aloo bhujia, soft drinks, chips and ice cubes packets, and even men’s underwear, New Year’s Eve (NYE) witnessed record-breaking orders for major quick commerce platforms including Blinkit and Swiggy Instamart. The year came to close on a high note for both the platforms, as Blinkit CEO Albinder Dhindsa and Swiggy Co-founder Phani
The Indian stock markets ended the day on a green note on Thursday, January 2, 2025. The Sensex soared by 1436.30 points, or 1.83%, closing at 79,943.71, while the Nifty gained 445.75 points, or 1.88%, ending at 24,188.65. The Nifty Bank index also ended the day in the green, ending the day at 51,605.55, up
ITC Hotels, on January 1, 2025 officially was demerged from its parent company, ITC. The record date for this long-anticipated demerger has been fixed on January 6. If you are an exiting ITC shareholder or buy shares before January 3, you get ITC Hotels shares in the demerger ratio of 1:10. Essentially that means 1
8th Pay Commission for Government Employees: The Union Cabinet, chaired by Prime Minister Narendra Modi, has given its approval to set up the 8th Pay Commission, which will revise the salary and pension of over 1.2 crore central government employees and pensioners. Confirming the news, Union Minister Ashwini Vaishnaw said the Prime Minister has approved
Press Information Bureau (PIB) has alerted State Bank of India’s customers regarding a prevalent online scam. The Fact-Check Unit of the PIB through a social media post has shared the modus operandi the cybercriminals are using to deceive SBI customers. These fraudsters are targeting the bank’s customers by sending a message asking them to download
Hit hard by elevated property prices and state elections in some states, housing sales dipped across India’s top cities in Q4 of 2024; however, one city could still defy the trend. Was it Mumbai, Ahmedabad, Pune, Delhi-NCR, or any other city? The latest report by PropTiger.com states that housing sales in India’s 8 prime residential
Spencer’s Retail Ltd on Thursday announced its fiscal third quarter earnings with loss at Rs 47.34 crore, narrowed from a loss of Rs 51.20 crore recorded during the third quarter of FY24. It posted revenue from operations at Rs 516.97 crore, reporting a drop of 20.95 per cent as against Rs 654.01 crore during the
DB Corp Ltd on Thursday announced its fiscal third quarter earnings with profit at Rs 118.21 crore, posting a drop of 4.65 per cent in comparison to Rs 123.98 crore during the third quarter of FY24. It posted revenue from operations at Rs 642.65 crore, down 0.32 per cent as against Rs 644.71 crore during