Benchmark stock indices Sensex and Nifty closed flat on Thursday in a volatile trade amid unabated foreign fund outflows and monthly derivatives expiry. The 30-share BSE Sensex eked out gains of 10.31 points or 0.01 per cent to settle at
‘It is imprudent on the part of Indian insurance companies to invest out of the shareholders’ fund in a private limited company.’ IMAGE: Debasish Panda, chairman, Irdai. Photograph: ANI Photo Indian insurance companies investing in the Bima Sugam India Federation
Kernex Microsystems (India) Ltd on Thursday (February 27) announced that South Eastern Railway has issued a letter of acceptance (LoA) to the KERNEX-MRT consortium for the supply, installation, testing, and commissioning of the Kavach safety system on “GO & GO”
Indian stock market has been under immense selling pressure since October last year. This has dragged the benchmark Nifty 50 down by over 14 per cent from its record high of 26,277.35 which it hit on September 27. The broader
Industry insiders in India warn that any such move in the pharmaceutical sector could be counterproductive for the US as it may face increased drug shortages if tariffs are imposed on such imports. IMAGE: US President Donald Trump. Photograph: Evelyn
Budget airline SpiceJet on Wednesday reported a profit after tax of Rs 26 crore for the three months ended December 2024, helped by overall improved performance. Photograph: Amit Davec/Reuters The carrier had posted a loss of Rs 300 crore in
Equity benchmark indices are facing massive corrections, with the NSE Nifty declining over 14 per cent from its lifetime high hit in September last year due to several negative triggers like stretched valuations, foreign fund exodus, disappointing quarterly earnings and
‘We realised that locking customers to our Cloud was not fair to them.’ Photograph: Kind courtesy Oracle India Oracle Cloud Infrastructure (OCI), the data management giant’s Cloud services platform, grew 50 per cent in the June-November 2024 period in India,
Real estate firm Prestige Estates Projects Ltd on Tuesday (February 25) announced that the Income Tax Department is conducting a search operation at its registered office and branch offices starting February 25, 2025. “…we hereby inform that the Income Tax
Brokerage firm Elara Capital is positive on India’s defence industry in the long term due to higher budgetary allocation and focus on self-reliance. The brokerage firm is optimistic about the growth prospects of the sector due to the government’s focus
