Indian frontline equity indices closed in the red on Wednesday as they erased gains in the last hour with Reliance, and Nestle shares pulling them lower. At closing, Sensex closed at 81,467, down 167 points, or 0.21 per cent, and Nifty closed at 24,981, down 31 points or 0.12 per cent. The market sentiment … Read more
The change in the RBI's stance to "neutral" from "withdrawal of accommodation" has given a signal about the interest rates reversing downwards in the next few quarters, leading industry chambers and experts said on Wednesday. Describing the RBI monetary policy review as "realistic and pragmatic", Assocham said the change in stance signals an impending … Read more
Tech majors Infosys and Microsoft on Wednesday announced to expand their collaboration to help accelerate customer adoption of generative AI and Microsoft Azure globally. The move is aimed at helping Infosys’ and Microsoft’s joint customers realise the value of their technology investments and secure transformative outcomes. Infosys became an early adopter of GitHub Copilot. It … Read more
Private equity (PE) investment in India's real estate sector surged by 9 per cent to reach $2.2 billion in the third quarter (July-September period) this year, which is double the investment made in the same quarter last year. In the first nine months this year, private equity players invested $3.9 billion in real estate in … Read more
Hyundai Motor Co expects India to be a fast-growing market and plans to make it a global manufacturing hub, a top company executive said on Wednesday, as the South Korean carmaker gears up to launch its Indian IPO next week. The listing will be India's largest IPO and will see the South Korean parent sell … Read more
The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced an increase in pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms. With new guidelines, the users will soon be able to do low-value UPI transactions of up to Rs 1,000 without entering the PIN. Earlier, the limit was Rs 500. The … Read more
Bajaj Finance is currently trading at Rs. 7338.50, up by 147.70 points or 2.05% from its previous closing of Rs. 7190.80 on the BSE. The scrip opened at Rs. 7220.00 and has touched a high and low of Rs. 7425.00 and Rs. 7210.00 respectively. So far 27085 shares were traded on the counter. The BSE … Read more
ICICI Bank is currently trading at Rs. 1254.90, up by 18.25 points or 1.48% from its previous closing of Rs. 1236.65 on the BSE. The scrip opened at Rs. 1241.90 and has touched a high and low of Rs. 1264.90 and Rs. 1232.90 respectively. So far 169020 shares were traded on the counter. The BSE … Read more
Indian rupee strengthened against the US dollar on Wednesday tracking firm domestic equities after the Reserve Bank of India's Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5% for the 10th consecutive time. Meanwhile, a steady American currency has also supportive to domestic currency. Investors are awaiting the minutes of the … Read more
Driven by vehicle financing, securitisation volume in India rose 56 per cent (year-on-year) to Rs 70,000 crore in the second quarter of this fiscal (FY25), a report showed on Wednesday. This was propelled by large issuances by some key players, especially a large private sector bank, and a few NBFCs that are primarily into vehicle … Read more