Business
Rupee Surges 49 Paise Against US Dollar on Narendra Modi's Landslide Win
Riding a wave of optimism, the BSE Sensex shot up 623.33 points, or 1.61 per cent, to end at 39,434.72, while the broader NSE Nifty surged 187.05 points, or 1.60 per cent, to 11,844.10.
Mother Dairy Hikes Milk Prices by Up to Re 1 For 1-Litre Packs, Rs 2 For Half a Litre Packs
The company has increased the prices of only poly pack milk and not bulk vended milk, also known as token milk.
Rupee Edges 6 Paise Higher Against USD Ahead of Election Outcome
At the interbank foreign exchange, the domestic unit opened higher at 69.70 and further went to touch the day's high of 69.62.
Nifty, Sensex Edge Higher Day Ahead of Lok Sabha Election Results
Markets have been on a bull run with both the NSE Nifty and the BSE Sensex gaining 6% in three sessions to Monday. Profit booking on Tuesday saw the markets close 1% lower.
Steel Industry Likely to Face Backlash Over Production Disruption in 2020, Say Reports
Absence of domestic iron ore supply necessitates an increase in the import of iron ore mix, potentially leading to an increase in the cost of production.
Adani Green Shares Jump 4.8% as Promoters Sell Stake to Meet Sebi Norm
The two promoters of Adani Green Energy -- Adani Tradeline LLP and Universal Trade and Investment -- plan to sell 87.5 million equity shares at Rs 43 apiece.
Grounded Jet Airways Shares Plummet Over 24% in One Month
In one month, shares of the company tumbled 24.28 per cent to Rs 124.10 on the BSE Friday from Rs 163.90 on April 18.
Growth Strategy Remains Unchanged, IndiGo CEO Tells Staff Amid Reports of Tiff Between Promoters
CEO of InterGlobe Aviation Ronojoy Dutta sent the letter after various media reports alleged disagreements between the airline's two promoters — Rahul Bhatia and Rakesh Gangwal.
Grofers Raises over $200 Million led by SoftBank Vision Fund
Grofers did not give details about its valuation post this fundraising. However, it has been previously reported that its valuation stood at $600 million.
Rupee Opens Marginally Higher in Early Trade Amid Weak Global Cues
The rupee opened at 70.43 at the interbank forex market, displaying gains of 9 paise over its last close.
Nifty on its Worst Run in 8 Years, Sensex Crashes 372 Points in 9th Straight Loss
The index widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank.
DMart Stocks Rise by 2% After Q4 Results Meet Estimates
DMart’s overall revenue and net profit for the March quarter increased by 32% and 21.4%, respectively.
Uber Makes Rocky Stock Market Debut, Shares Tumble 9% After Opening
The stock's opening at $42 (Rs 2,940) undermined Uber's strategy to price its oversubscribed IPO conservatively at $45 (around Rs 3,150) per share to avoid a repeat of rival Lyft Inc's stock market struggles following a strong debut in March.
Sensex, Nifty Turn Choppy; HCL Tech Rallies 4%
After opening over 150 points higher, the 30-share index turned cautious and fell 17.32 points, or 0.15 per cent, to 37,541.59. The broader NSE Nifty was trading below the 11,300 level at 11,285.75.
Rupee Skids 18 Paise to 69.89 vs US Dollar in Early Trade
China has threatened to take retaliatory measures if Trump raises tariffs on $200 billion worth of goods ahead of the crucial 11th round of talks aimed at ending the trade war between the world's two largest economies.
RBI Plans More Foreign Exchange Swaps, Steps to Inject Cash
The RBI move is expected to increase cash in the financial system and help push interest rates down.
