Tata Motors share price slipped nearly 2% to hit an intra-day low of Rs 645.50 as investor attention turned to the company’s crucial virtual shareholders’ meeting scheduled for later today. The meeting holds significance as stakeholders are set to vote on the much-anticipated demerger proposal, which aims to split the conglomerate’s operations into two standalone
The State Bank of India (SBI) just dropped a double surprise for its investors, a dividend and a fundraise plan that has the market buzzing. On Saturday, May 3, the PSU heavyweight announced a record-breaking Rs 15.90 dividend per share, a staggering 1,590% on its Rs 1 face value stock, its biggest payout in over
The combined market valuation of seven of the top-10 valued firms surged by Rs 2.31 lakh crore (Rs 2,31,177.3 crore) in a holiday-shortened last week, with Reliance Industries emerging as the biggest gainer amid a largely optimistic trend in equities. While Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Infosys and
US Stock markets may soon witness a sharp downturn, according to veteran technical analyst Tom DeMark, as per a report by Bloomberg. He cautions that the recent rally in the S&P 500 Index could be for a short duration and may give way to a bear market in the coming months. Warning signs indicating for
When solar and transmission line gearmaker Karamtara Engineering gears up for its IPO, it is not just the market watchers who are paying attention. In fact, bollywood and cricket stars are also in action too. Big names like Ranbir Kapoor, Aamir Khan, Karan Johar, Rohit Sharma, and Jasprit Bumrah have backed the company with multi
For over a year now, Vedanta’s much talked about demerger plan has kept Dalal Street buzzing. The question now is when is the demerger likely? Billionaire Anil Agarwal’s mining to metals giant has indicated that the long anticipated split of Vedanta into five separate entities is firmly on track and is potentially expected by September
Rupee has hit a high of 84.78 per dollar. This is the highest level since the beginning of 2025, driven by renewed geopolitical tensions and increased demand for the US dollar, which together exerted pressure on the local unit. Forex traders said geopolitical tensions between India and Pakistan have sparked risk-off sentiment in the market
UltraTech Cement has delivered a strong financial performance in the March quarter, but its stock could not hold ground. On Tuesday, share price of UltraTech Cement fell nearly 2, even as the company reported a 10% year-on-year jump in net profit to Rs 2,482 crore and a 13% rise in revenue to Rs 23,063 crore.
ITR Filing news: With ITR filing date extended to September 15, you now have more time to decide between old and new tax regimes. Salaried employees or pensioners without business income can change tax regime every year before filing ITR by simply selecting the option in ITR-1 or ITR-2. ALSO READTired of high rents and
Ahead of the August 7 hearing in the Supreme Court on the Bhushan Power & Steel (BPSL) matter, many insolvency experts feel that the best- case scenario for the company and all stakeholders would be one where the current management is allowed to run the company. JSW Steel, which acquired BPSL for Rs 19,700 crore
Equity markets this week will turn their focus on the RBI‘s interest rate decision, Q1 earnings from several blue-chip firms and tariff-related news for further cues, analysts said. Moreover, trading activity of foreign investors and trends in global equity markets will also drive investors’ sentiment. “At the domestic level, all eyes will be on the
Tata Consultancy Services left people stunned at the end of July after announcing plans to lay off more than 12,000 employees. The move has left many IT sector workers unnerved and sparked growing concerns about similar cuts in other companies. A growing call for AI and automation has incidentally led to the loss of more
Beating analysts’ estimates by a narrow margin, Tata Power on Friday posted a 9.2% growth in profit at Rs 1,060 crore in Q1FY26 as compared to Rs 971 crore in Q1FY25. Sequentially, profits grew 1.6%. Analysts had predicted a profit of Rs 1022 crore. The company beat analysts’ estimates on the revenue front also, posting