Bank of America Securities (BofA Securities) cut investment ratings for Swiggy and Zomato. File | Photo Credit: PTI i Bank of America Securities (BofA Securities) cut investment ratings for Swiggy and Zomato as the profitability of the two quick commerce companies are not expected to improve in the coming year, according to its research note….
Representative image | Photo Credit: Reuters Stock markets snapped the seven-day winning run on Wednesday (March 26, 2025) with benchmark Sensex tanking 728 points due to profit-taking in banking and IT shares ahead of monthly expiry of derivatives contracts. The 30-share BSE Sensex declined by 728.69 points or 0.93% to settle at 77,288.50 as 25…
Representational image of the WeWork logo | Photo Credit: Reuters SEBI has put the initial public offering (IPO) of premium flexible workspace operator WeWork India Management Ltd in “abeyance”, an update with the markets regulator showed. The Embassy Group-promoted firm, which filed its draft IPO papers on January 31, planned to offer 4.37 crore shares…
Representational file image. | Photo Credit: C. Venkatachalapathy The rupee weakened by 6 paise to 85.78 against the U.S. dollar in early trade on Wednesday (Market 26, 2025), weighed down by a negative trend in domestic equities and the recovery of the American currency in the overseas market. Forex dealers said the rupee faced renewed…
Representational file image. | Photo Credit: Reuters Stock markets gave up early gains and slipped in the negative territory on Wednesday (March 26, 2025) after a seven-day rally due to emergence of profit-taking. The 30-share BSE benchmark Sensex climbed 150.68 points to 78,167.87 in early trade. The NSE Nifty went up by 67.85 points to…
Labour and Employment Secretary Sumita Dawra said that stabilising the centralised database will take around two to three weeks, following which the front end for UPI integration will be made ready. File | Photo Credit: The Hindu The Employees’ Provident Fund Organisation (EPFO) is set to introduce UPI integration for claims processing, a move aimed at…
Representative image | Photo Credit: Reuters The rupee snapped its seven-session rally and settled with a loss of 13 paise at 85.74 (provisional) against the U.S. dollar on Tuesday, as increased demand for dollars from importers, coupled with the greenback’s recovery against major currencies, weighed on the rupee. Forex traders said the Indian rupee halted…
From the Sensex pack, UltraTech Cement, Infosys, Bajaj Finserv, Axis Bank, HDFC Bank, Bharti Airtel, HCL Tech and Tata Consultancy Services were the biggest gainers. File | Photo Credit: Reuters Benchmark indices Sensex and Nifty ended marginally higher on Tuesday (March 25, 2025), taking their gaining streak to the seventh session even as markets witnessed…
Brokers watch stock prices on their computer screens. File photo | Photo Credit: PTI Benchmark indices Sensex and Nifty continued their winning run on Tuesday (March 25, 2025) early trade as investors’ sentiment remained firm amid foreign fund inflows and a sharp rally in the US markets. The 30-share BSE benchmark Sensex jumped 418.54 points…
From the Sensex pack, NTPC, Kotak Mahindra Bank, State Bank of India, Tech Mahindra, Power Grid, Bajaj Finserv, Axis Bank, HCL Tech, Reliance Industries and Bajaj Finance were the biggest gainers. File | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty surged more than 1% on Monday (March 24, 2025) amid fresh foreign fund…
