Business

Autos, Industrials, Materials, and Utilities sectors drove headline earnings growth, surpassing expectations. Conversely, sectors such as Energy and Healthcare exceeded expectations, while Staples and Discretionary (excluding Autos) fell short in terms of EBITDA growth. The third quarter of FY24 witnessed resilient earnings, with the BSE 100 and Nifty registering an 18 percent and 13 percent … Read more

The management of Dr. Reddy’s has also consistently expressed interest in acquiring a portfolio focused on the domestic market. Shares of Dr. Reddy’s Laboratories surged over 2 percent, reaching a 52-week high of Rs 6,453.95, following a report by CNBC-TV18 suggesting the company’s involvement in the bidding process to acquire Novartis AG’s stake in Novartis … Read more

Rail Vikas Nigam Ltd (RVNL), a part of the Ministry of Railways, is engaged in the development, financing, and implementation of projects related to railway infrastructure. Shares of Rail Vikas Nigam Ltd (RVNL) surged by 12 percent on February 19 after the company announced that its order book had reached Rs 65,000 crore. The state-owned … Read more

The three private equity firms are considering acquiring the 60.41 percent controlling stake in the cancer hospital chain currently held by CVC Capital. Shares of Healthcare Global surged over 4 percent to reach a 52-week high on the morning of February 19 following reports that private equity funds EQT (formerly known as Baring PE Asia-EQT), … Read more

According to experts, for the Nifty, resistance is observed at 22,125, with further resistance lying within the range of 21,800 to 21,600. On February 19, the benchmark Sensex and Nifty opened higher, buoyed by gains in pharmaceutical and energy sectors. At 09:20 am, the Sensex rose by 90.34 points or 0.12 percent to 72,517, while … Read more

The RBI has granted an extension until March 15 for Paytm Payments Bank account holders to transfer their assets and find alternative banking solutions, alongside halting operations. Following a partnership announcement with Axis Bank for merchant payment settlements, Paytm shares surged by 5% to hit the upper circuit for the second consecutive session on February … Read more

Indian Institute of Management Lucknow, in partnership with Birla Institute of Technology and Science Pilani and the Union Ministry for Agriculture and Farmers Welfare, conducted a study revealing concerning trends in employment dynamics. Their research, featured in The Hindu and published in the Indian Journal of Labour Economics, highlights a stagnation in employment growth, a … Read more

The Indian government is reportedly crafting strategies to address the significant dominance of PhonePe and Google Pay in the UPI payment market. These two American tech giants currently command around 80 percent of the market share. The concern stems from the possibility of a duopoly forming in the UPI market, particularly after the ban on … Read more

“Andrew Holland, CEO of Avendus Capital, remains steadfast despite challenges in margin and deposit growth, as well as heightened scrutiny from the RBI. Speaking to ET Now, Holland emphasized his commitment to staying put, expressing his belief that significant opportunities lie within PSU banks, where he sees all the excitement and activity.” The impressive improvement … Read more

YouTube has unveiled its latest feature called “Remix,” allowing users to clip audio, insert themselves alongside, or utilize green screen effects with official music videos for Shorts. YouTube Shorts is introducing an exciting new feature that allows users to remix their favorite music videos. With the Remix button, located next to the Share button on … Read more

PayNearby, a pioneer in India’s branchless banking and digital network, has introduced the Digital Naari platform, aimed at fostering sustainable self-employment opportunities for women across the nation. This initiative is tailored to offer additional income streams for women residing in rural and semi-urban areas, acknowledging their significant role as key contributors to the country’s development. … Read more

Indian stock market is set for heightened activity as defense stocks take center stage following the Defense Acquisition Council’s (DAC) meeting on Friday. With the disbursement of a substantial ₹80,000 crore order, investors are poised to keep a close watch on Monday’s trading, anticipating significant movements in this sector. When the Indian stock market reopens … Read more

Thursday witnessed a decisive victory for the Aam Aadmi Party (AAP), led by the esteemed Arvind Kejriwal, as they emerged triumphant in a trust motion tabled in the Delhi Assembly. With an overwhelming presence, 54 out of 62 AAP MLAs participated in the voting process, solidifying their commitment to the party’s leadership. The Delhi Assembly … Read more

In a dramatic turn of events at the Shambhu border near Ambala, protesting farmers were met with tear gas and rubber bullets from Haryana Police as discussions with Union ministers yielded no concrete resolution. The ‘Delhi Chalo’ march, now in its fourth day, continues unabated, with farmers pressing for a legal guarantee of Minimum Support … Read more

The Enforcement Directorate (ED) has concluded its inquiry into transactions conducted by Paytm Payments Bank Limited (PPBL) and found no violations under the Foreign Exchange Management Act (FEMA), according to sources familiar with the matter. While the ED did not uncover any FEMA breaches, it’s reported that the Reserve Bank of India (RBI) retains the … Read more

In a significant breakthrough, scientists have unveiled a quantum-based model system designed to unravel the mysteries of emerging materials. Led by Prof. N. S. Vidhyadhiraja from Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), researchers have embarked on a journey into the realm of quantum physics to shed light on the concept of “local quantum … Read more

OpenAI CEO Sam Altman made waves online with the introduction of the company’s latest AI breakthrough, Sora. This cutting-edge model can generate entire one-minute videos based solely on text prompts, marking a significant leap in artificial intelligence capabilities. It’s as if we’ve stepped into a realm where the fantastical effortlessly materializes into visual reality, transforming … Read more

Nifty50 and Sensex Open Higher, Global Trends in Focus; Eyes on Corporate Earnings. As the domestic equity benchmarks, Nifty50 and Sensex, kick off Friday’s session with marginal gains, mirroring the positive sentiment across global markets, investors are keeping an eye on the final leg of corporate earnings for domestic cues. Here are some stocks in … Read more

Tata Motors Shares Rise Over 3% as Company Unveils New Heavy-Duty Trucks in South Africa. Shares of Tata Motors Limited witnessed a surge of over 3 percent during afternoon trading on February 16, following the company’s announcement of the commercial launch of its multipurpose heavy-duty trucks in South Africa. According to a press release by … Read more

As of 1325 hours on Friday, HAL’s stock was up 2%, trading at Rs 3,086, while BEL’s stock on BSE also saw a 2% increase, trading at Rs 189.85. During Friday’s trading session at 1325 hours, HAL’s scrip exhibited a 2% uptick, reaching Rs 3,086, while BEL’s scrip on BSE similarly experienced a 2% rise, … Read more