How Many Billionaires Does India Have?

The number of Indian billionaires has grown by 123 per cent in the 10-year period, reaching 185 in 2024.Their wealth has grown by 263 per cent to $905.6 billion. IMAGE: Mukesh D Ambani, left, and Gautam S Adani, India’s richest

Nestle, IndusInd, Bandhan, Asian Paints from BSE 500 index hit 52-week lows

Share prices of Nestle India, Asian Paints, Bandhan Bank, Tata Technologies, AU Small Finance Bank and Avenue Supermarts, all a part of the BSE 500 index, have hit their respective 52-week lows on the BSE in Thursday’s intra-day trade after

Mutual funds increase exposure to banking, IT stocks amid outperformance

The performance of banking and information technology (IT) stocks has had a significant impact on the composition of diversified mutual fund (MF) portfolios. Over the past two months, these sectors have become increasingly dominant, now constituting nearly 30 per cent

News about Starbucks leaving India is baseless: TCPL

Tata Consumer Products Ltd (TCPL) on Thursday denied reports on the exit of cafe chain Starbucks from the Indian market, terming them as “baseless”. Photograph: Anushree Fadnavis/Reuters Tata in a 50:50 joint venture with US-based Starbucks Corporation operates a cafe

Markets join global selloff; Sensex sinks below 80k

Equity benchmark Sensex on Thursday plunged about 965 points to crash below the 80,000 level due to heavy selling in global equities after the US Federal Reserve signalled fewer rate cuts next year. Photograph: Arko Datta/Reuters Besides, deep losses in

Not Asian Paints, Berger and Indigo Paints may shine in H2FY25, says Nuvama

Birla Opus, despite being a new entrant, has already garnered a 2–3 per cent market share. Photograph: Agusti Torres/Reuters The paint sector is seeing heightened competition with the entry of deep-pocketed groups like Aditya Birla and JSW. However, some brokerages

Amfi stock reclassification: Largecap cutoff likely to touch Rs 1 trn

In the case of midcap basket, the mcap threshold may go up to Rs 32,900 crore from Rs 27,560 crore. The market capitalisation (mcap) cutoff to qualify for mutual funds’ (MFs’) largecap universe is likely to go up for the

Sensex sinks below 81K amid widespread selloff

Equity benchmark indices Sensex and Nifty slumped over 1 per cent on Tuesday, weighed down by an across-the-board selloff amid cautious investors approach ahead of the US Fed interest rate decision. Photograph: Shailesh Andrade/Reuters Besides, the continued flight of foreign

Sensex falls 385 points amid weak global trends

Benchmark indices Sensex and Nifty closed lower on Monday as investors turned cautious ahead of the US Fed interest rate decision amid weak global cues. Photograph: PTI Photo from the Rediff Archives Besides, selling pressure in metal and IT counters

Gold slumps by Rs 1,150/10 gm; silver declines Rs 300

Gold prices slumped for the second straight session by Rs 1,150 to Rs 78,350 per 10 grams in the national capital on Monday on frantic selling by stockists and retailers, the All India Sarafa Association said. Photograph: Leonhard Foeger/Reuters The