After turning net buyers last month, foreign investors have become aggressive shoppers of Indian equities and have invested Rs 22,452 crore in the first two weeks of August amid softening inflation concerns. This was way higher than a net investment of nearly Rs 5,000 crore by Foreign Portfolio Investors (FPIs) in the entire month of …
We wanted to leave a legacy in London: Sanjay Hinduja
The Hinduja Group, which in 2014 acquired Winston Churchill’s war office (Old War Office) during the World War II and has now turned it into an iconic hotel, is looking at monetising the residences part of the unit. The iconic hotel, which has been developed in collaboration with Raffles Hotels & Resorts, has three business …
CarTrade Tech shares recover as pre-IPO period ends
Shares of CarTrade Tech remained steady on Monday after coming under pressure in early trade as the one-year lock-in period for its pre-IPO holding ended. The lock-in period is applicable to companies that do not have promoters and for those who bought shares before the IPO. About 2.6 crore shares were with pre-IPO investors as …
Markets snap 8-day winning streak on profit-booking
The benchmark indices lost over 1% in a volatile trading session on Friday, snapping an eight-day winning streak, amid profit-booking and weak global cues. The indices ended marginally in the green for the week, posting fifth straight week of gains. The S&P BSE Sensex ended the day at 59,646 on Friday, down 652 points or …
NDTV share price jumps 3% after Adani acquires 29% stake, moves to buy more; should you buy, sell, hold?
NDTV share price jumped more than 3% today to Rs 380 apiece on BSE, after Gautam Adani-led Adani group made a move to acquire a controlling stake in the television news network on Tuesday. NDTV stock has risen 42.17% in the last one month, while it has skyrocketed 186.49 per cent in the last six …
Gold Price Today, 9 August 2022: MCX gold may test Rs 54000; analysts say add yellow metal in portfolio
Gold Price Today, Gold Price Outlook, Gold Price Forecast: Commodity markets remained closed for the morning session on Tuesday, account of Muharram. The trading for the day will start at 5PM. Globally, yellow metal edged lower as investors await U.S. inflation data due later in the week that could offer more clarity on the Federal …
Hope for smaller rate rises lifts Wall Street, oil gains
Wall Street stocks gained ground while the dollar eased as fresh signs of cooling inflation increased prospects that the Federal Reserve could slow down its rate hikes, even as officials warned the fight to tame rising prices is far from over. Thursday’s data showed US producer prices unexpectedly fell in July amid a drop in …
Delhi air quality plummets to ‘poor’ category again, AQI at 256
The air quality deteriorated from the ‘moderate’ to ‘poor’ category with the Air Quality Index (AQI) standing at 256 on Thursday morning in the national capital, according to data from the System of Air Quality and Weather Forecasting And Research (SAFAR). #WATCH | Delhi: To mitigate pollution, water was sprinkled through an anti-smog gun in …
Govt plans to reduce import dependence on palm oil by 25-30%
The government is aiming at reducing import dependence on palm oil by 25 to 30% through the production of 2.8 million tonne (MT) of oil by 2030 under the National Edible Oil Mission. Currently, around 0.35 million hectare (MH) is under palm plantation. Under the mission launched last year, an additional area of 0.65 MH …
ITC, Yes Bank, Adani Ent among 106 BSE stocks to hit new 52-week highs; Birla Tyres, Future Consumer hit lows
BSE Sensex and NSE Nifty 50 were trading flat with a negative bias on Tuesday. Index heavyweights such as State Bank of India (SBI), Reliance Industries Ltd (RIL), Kotak Mahindra Bank, and IndusInd Bank, among others capped the losses in the index. So far in the day, the 30-share index rose to a day’s high …