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
India’s import bill for natural gas surged by 18.5% to $7.7 billion during the first half of the current fiscal compared with $6.5 billion in the same period a year ago due to a rise in consumption particularly by the city gas distribution (CGD) companies and the power sector, data from the Petroleum Planning and
Apart from higher costs and other difficulties, the disruption caused by the two war zones in the world has added to the liquidity woes of India’s exporters as they deal with longer payment schedules and the impact of the situation on export credit which is falling consistently since 2022. At the end of March 2022
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
The demand for tech talent (excluding freshers) from GCCs (Global Capability Centres) continued to outpace that of IT companies in the second quarter of FY25, as clients’ discretionary spending showed a slower recovery. According to industry data from TeamLease Digital, GCCs accounted for 52.6% of job openings for tech profiles in the September quarter, maintaining
Less than a month after ending their strike, the Samsung India Workers’ Union (SIWU) has threatened to issue a fresh strike notice, citing unfair labour practices and alleged vindictive actions by Samsung India management. The decision was taken at a general body meeting in Kancheepuram on Sunday, which was reportedly attended by over 1,000 workers.
Tech Mahindra is witnessing a sizable market in the Asia-Pacific region (APAC) including Japan, with a strong demand flow and a robust pipeline for new projects across various industries, including telecom, BFSI, retail, and manufacturing, Harshvendra Soin, President – Asia Pacific and Japan Business, Tech Mahindra, told FE. “This (fiscal) year has been a tremendous
Taiwanese manufacturing giant Foxconn has procured machinery worth $32 million (about ₹276 crore) for manufacturing Apple products in India. The purchase comes months after China allegedly delayed shipments of specialised equipment and restricted new work rotations for Chinese employees at its Indian factories. In a regulatory filing, Foxconn said, its subsidiary, Foxconn Hon Hai Technology
Ahead of US President Donald Trump’s imposition of reciprocal tariff from April 2, gold prices on Tuesday hit an all-time high as investors sought safety amid the stock-market meltdown. In the international market, spot gold prices hit $3,148/ounce. From $2,624 at the beginning of the year, prices have so far appreciated 20% in 2025. In
The central government’s decision to convert part of Vodafone Idea’s spectrum debt into equity will not only give the cash-strapped telco some much needed cash flow relief, but will also translate to improved growth prospects for Indus Towers, analysts said. The tower company, which counts Vodafone Idea as one of its major customers, and will
