Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, surged in trade on Friday. While BSE Sensex moved up over 300 points, Nifty50 was above 22,550. At 9:18 AM, BSE Sensex was trading at 74,234.07, up 348 points or 0.47%. Nifty50 was at 22,587.65, up 99 points or 0.44%.The equity markets continued…
The top Indian IT outsourcing companies have experienced a significant reduction in their bench strength within a short period. However, this may not necessarily be a negative development for these global services leaders. By leveraging higher utilization rates and generative artificial intelligence (GenAI), they are able to drive efficiencies throughout their talent hierarchy as the…
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, dipped in opening trade on Thursday. While BSE Sensex dropped over 200 points, Nifty50 was near 22,650. At 9:22 AM, BSE Sensex was trading at 74,398.62, down 104 points or 0.14%. Nifty50 was at 22,675.70, down 29 points or 0.13%.The Indian equity markets experienced…
In September 2018, a meeting with Prime Minister Narendra Modi marked a pivotal moment for Sunil Bharti Mittal-led Bharti Airtel, which was grappling with a severe crisis at the time, according to the Bharti Group founder. Airtel was struggling due to the impact of free voice and data services provided by new entrant Reliance Jio…
NEW DELHI: Global ratings agency S&P on Wednesday revised India’s outlook to ‘positive’ from ‘stable’ citing robust growth and improvement in the quality of govt spending, but kept the sovereign rating at the lowest investment grade of BBB (minus).“We expect sound economic fundamentals to underpin the growth momentum over the next two to three years.Regardless…
MUMBAI: Insurance regulator Irdai has brought in several reforms in health covers aimed at improving service standards for policyholders. The new norms will require insurers to approve cashless claims within an hour and provide final authorisation for discharge from a hospital within three hours.Insurers will also need to provide a one-month grace period for annual…
MUMBAI: Three companies from India’s two largest conglomerates are looking to raise funds amid their growth plans. Adani Energy Solutions (earlier known as Adani Transmission) plans to sell shares worth Rs 12,500 crore to institutional investors, while the board of sister company Adani Enterprises will meet on Tuesday to consider raising fresh capital.Tata Steel, part…
MUMBAI: Silver has outperformed gold in domestic and international markets by a margin of around 10 percentage points over a year. However, returns from silver in the domestic market are lagging the international ones even as the rupee has weakened, while returns on gold are nearly identical in domestic and international markets.Silver prices rose nearly…
Domestic airfares in India have witnessed a significant surge of up to 40 per cent on key routes over the past six quarters, driven by higher passenger traffic and capacity constraints. Despite this increase, experts maintain that ticket prices in the country remain among the lowest globally.India’s civil aviation market is one of the fastest…
Mark Mobius, Chairman, Mobius Emerging Opportunities Fund believes that Indian markets will deliver 14-15% returns over the longer term. Mobius, a renowned investor, shared his insights on the potential returns from the Indian stock market over the next three to five years in an interview with ET Now.When asked about his expectations, Mobius stated, “Over…
