The week’s losses wiped out investor wealth worth Rs 18.43 trillion, with the total market capitalisation of BSE-listed firms now at Rs 441 trillion. The Indian equity benchmarks recorded their first weekly decline in four weeks — and the
The GST Council on Saturday postponed a decision on cutting tax rate on life and health insurance premiums, officials said. Photograph: Jitender Gupta/ANI Photo The 55th meeting of the GST Council, chaired by Union Finance Minister Nirmala Sitharaman and comprising
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
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
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
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
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
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
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
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
