Indian equity markets closed on a lower note for the second consecutive session. The Nifty 50 closed the session over 200 points lower, just saving 24,800, and the Sensex ended the day more than 700 points or 0.88% points lower at 81,460. The Nifty Bank settled almost 530 points lower at 56,500. In line with
The government will adopt a “prudent debt management” strategy while deciding on launching new tranches of Sovereign Gold Bonds (SGBs) since the priority now is to lower the cost of borrowings, the finance ministry has said. The last tranche of SGBs (Series IV 2023-24) was launched in February 2024. Since February 2024, the precious metal
Dr Reddy’s kicks off India’s big pharma earnings season with a narrow profit miss. The pharmaceutical company reported a profit of Rs 1,409.6 crore, up 1.26 per cent from the same quarter last year (Q1FY25). Revenue rose 11.37 per cent year-on-year to Rs 8,545.2 crore from Rs 7,672.7 crore. Here are key highlights from Q1FY26
Over the past one-week leading IT service companies have reported lackluster June 2025 quarter results and investors on Dalal Street did not expect anything different from Infosys. The company reported its results after the close of Wednesday trading. The Infosys stock ended Wednesday trade 0.9 % lower at Rs 1556. Performance in the June 2025
Central government employees and pensioners across India are closely watching developments around the upcoming 8th Pay Commission, which is expected to significantly increase salaries and pensions. According to a recent report by Ambit Capital, the new pay structure could lead to a 30–34% hike in overall remuneration, impacting over 1 crore employees and retirees nationwide.
HDFC Bank has reported a 1.31 per cent decline in its consolidated net profit to Rs 16,258 crore in its first quarter results against Rs 16,475 crore a year ago. However, it reported a 12.2 per cent increase in its standalone net profit to ₹18,155 crore, up from ₹16,175 crore last year. The bank’s performance was
US President Donald Trump signed the recently passed stablecoin bill into law on Friday — vowing that the crypto industry was “going to be stronger and bigger and better than ever before”. Bitcoin set new records this week as public sentiment improves steadily after a tariff-induced selloff earlier this year. Anticipation about a sustained bull
A credit card is not just a plastic card these days, but a financial responsibility. When the credit card bill comes at the end of the month, many people just pay the “minimum due” and think their work is done. As easy as this option seems, it can prove to be equally dangerous if it
ITR Due Date and Income Tax Return Filing Extension 2025: The Income Tax Department on Monday announced that over 7 crore income tax returns (ITRs) have already been filed for Assessment Year (AY) 2025-26, as the filing deadline of September 15 draws to a close. ALSO READNo ITR deadline extension for AY 2025-26? Here’s what
Some of the country’s top value apparel retailers such as V-Mart Retail, V2 Retail and Vishal Mega Mart expect festive sales to grow by 20% this year on the back of GST cuts, top executives said. The number is almost double of the about 10-12% sales growth that the chains have seen in the last
The cash balances of equity mutual fund schemes dropped from Rs 1.85 lakh crore in July to Rs 1.76 lakh crore in August as several AMCs capitalized on block deal opportunities, according to a report by Nuvama Institutional Equities. ALSO READMarkets end lower: Nifty holds 25,000, Sensex down 100 points; Asian Paints, M&M see deep
By Meet Kapadia Think of rafting down a churning river or skiing down a slope and suddenly facing something untoward. Regular medical and travel insurance often does not cover these high-risk pursuits. Activities like rafting, paragliding, bungee jumping and mountaineering usually belong into a “hazardous sports” bucket, which is typically excluded unless specifically opted for.
As cars and sports utility vehicles (SUV) are set to become cheaper following cuts in Goods and Services Tax (GST) and compensation cess, auto manufacturers are likely to revisit their capacity expansion plans to support the additional demand. After seeing a 2.4% year-on-year decline in the five months of the current fiscal, the passenger vehicle
