The domestic stock market this week would monitor the geopolitical developments after India and Pakistan reached an understanding to stop military actions, analysts said. Illustration: Uttam Ghosh/Rediff Moreover, macroeconomic data announcements, Q4 earnings, trading activity of foreign investors and global
Billionaires Mukesh Ambani and Gautam Adani have pledged their support to the Indian armed forces, who are currently repelling intense shelling, gunfire, and drone attacks from Pakistan. Photograph: ANI Photo “We are very proud of our Indian Armed Forces for
Stock market benchmark indices Sensex and Nifty tumbled over 1 per cent each on Friday as tensions soared between India and Pakistan, fuelling fears of a wider conflict. Photograph: ANI Photo Extending its previous day’s decline, the 30-share BSE benchmark
Food delivery aggregator Swiggy saw its loss widen for the fourth quarter (January-March) of financial year 2024-25 (Q4FY25). Photograph: Framcis Mascarenhas The firm reported a consolidated loss of Rs 1,081.1 crore for the quarter, compared to a loss of Rs
India’s forex reserves dropped Rs 2.06 billion to Rs 686.06 billion for the week ended May 2, the RBI said on Friday. Illustration: Dado Ruvic/Reuters In the previous reporting week, the overall kitty had increased Rs 1.98 billion to Rs
Indian Oil Corporation (IOC), the nation’s largest oil firm, on Friday said ample stocks of petrol, diesel and cooking gas LPG are available in the country and there is no need for panic buying of fuel. Photograph: Francis Mascarenhas/Reuters The
Engineering and construction major Larsen & Toubro (L&T) reported a 25 per cent rise in net profit attributable to the owners of the company for the January–March quarter of 2024-25, owing to higher revenues and an exceptional gain. Photograph: Shailesh
Inflow in equity mutual funds dipped 3.24 per cent to Rs 24,269 crore in April amid continued market volatility against the backdrop of escalating tensions between India and Pakistan following the Pahalgam terrorist attack. Illustration: Dominic Xavier/Rediff This was the
Jio Credit, formerly known as Jio Finance, is stepping into the domestic capital market next week with its maiden bond issue. Illustration: Dominic Xavier/Rediff The subsidiary of Jio Financial Services plans to raise up to Rs 1,000 crore by selling
The volume growth of India’s FMCG industry has slowed down in the March quarter to 5.1 per cent, driven by increased consumer purchases of small-value packs, according to the latest report from data analytics firm NielsenIQ. Photograph: Pawan Kumar/Reuters Volume
