The shares of Religare Enterprises on Tuesday (December 10) soared nearly 10 per cent, hitting a fresh 52-week high of Rs 304.60 per share. The sudden surge in the stock prices of the company comes after the RBI granted approval for the Burman family to increase their stake in the financial services company. This latest
The Toss The Coin IPO opened on Tuesday (December 10). The BSE SME issue saw an immensely strong subscription rate on its first day of bidding itself. Within just a few hours, the public issue was fully subscribed, and the demand for shares is continuing to surge. Here is everything you need to know about
Swiggy shares rallied as much as 6.6% to hit an intra-day high of Rs 534.80 after the company’s net loss narrowed marginally. The company reported a net loss narrowed by 5% year-on-year to Rs 657 crore in Q2 FY25 from Rs 625.5 crore in Q2 FY24. The company’s revenue stood at Rs 3,601.5 crore for
Defence stocks like Mazagon Dock Shipbuilders, Bharat Dynamics, Data Patterns, Avantel, etc. clocked smart gains with over 5% intra-day rally after the Ministry of Defence granted five major capital acquisition proposals totalling Rs 21,772 crore. Cochin Shipyard, HAL and Garden Reach Shipbuilders have seen as much as 6.5% gains in the stock price post the announcement. Shares
Gold and silver prices showed a downward move on December 4, compared to the previous trading session. However, the prices are still 1.6 per cent higher than the last five days. The spot gold prices in the international market also moved down by 1 per cent to $2,630 per ounce. The downward price trend can
The Korean stock markets are under pressure and the benchmark Korean Index, Kospi is down 2% as a result of the political uncertainty in South Korea . The martial law was lifted after a few hours of it being imposed but the Legislators are now demanding impeachment of President Yoon.. The South Korean benchmark has
As financial markets gear up for 2025, there are several expectations with regards to how the indices will trade and the top themes that will dictate trade going forward. Atul Parakh, CEO of Bigul, outlines the key trends, challenges, and strategies that are expected to shape the global and Indian financial landscape. Speaking about the
Crude oil prices were marginally down on December 4 in early Asia trade. Brent crude futures declined by 2 cents, or 0.03 percent, and touched $73.60 per barrel. Similarly, the U.S. West Texas Intermediate (WTI) crude futures followed the trend, dropping by 3 cents, or 0.04 percent, and moved to $69.91. However, on the previous
8th Pay Commission salary revision: In a major relief for about 1.2 crore central government employees and retirees, the Modi government on January 16 announced the approval of the 8th Pay Commission. On the Union Cabinet’s nod for the next pay panel, Union Minister Ashwini Vaishnaw said that PM Narendra Modi has approved the 8th
The news about the move by the founder of the US-based short seller Hindenburg Research to disband the entity apparently has huge implications for India and especially for its regulatory institutions. “This is a very important development and will play a role in reinforcing the faith in the Indian regulatory institutions,” says Prasanna Tantri, associate
IT major Infosys Ltd on Thursday revised its FY25 revenue guidance to 4.5- 5.0 per cent in constant currency from an earlier 3.75-4.5 per cent. It, however, maintained an operating margin of 20- 22 per cent. Earlier, brokerage firms had estimated that Infosys will revise or upgrade its FY25 revenue growth guidance to 4.25–4.75 per
The attrition rate of Infosys stands at 13.7% for the last twelve months for the IT services for the reporting quarter of FY25. The company’s attrition rate was 12.9% in the previous quarter of the same fiscal year. Similarly, it was standing at 12.9% in Q3 FY24. However, the total employee count stands at 323,379
By Brijesh Bhatia As the calendar flipped to 2025, fear gripped the heart of D-street, much like it does at the start of every new year. January has long been a notoriously volatile month for Indian markets, and this year is no exception. The Nifty50 has been riding a choppy wave of negative sentiment. But
