Stock Market News Updates

In a surprising move, government sought special parliamentary approval for net additional spending of Rs326,000 crore ($40 billion) in FY23. This was necessitated by higher war spending, higher fertilizer and...

PhonePe, the digital payment brand owned by Wal-Mart Inc, plans to raise $1 billion from General Atlantic and other existing investors like Tiger Global, Qatar Investment Authority and Microsoft. The...

In its December, the RBI hiked repo rates by 35 bps, largely along expected lines. This takes the repo rates to 6.25%, a full 110 basis points above the pre-COVID...

If the current growth trends are indicative, then exports of Apple smartphones from India may surpass Samsung by March 2023. Currently, for the first 7 months of FY23, Samsung recorded...

Foreign investors have now upgraded India as a dedicated portfolio allocation. Previously, only China was a dedicated country allocation and the rest were clubbed under the category of Emerging Markets....

GST collections for November 2022 stood slightly lower at Rs1.45 trillion compared to Rs1.52 trillion in October 2022. However, GST revenues were still up 11% on yoy basis. This could...

India Q2FY23 GDP growth came in at 6.3%, lower than Q1, but better than street estimates. It had grown by 13.5% in Q1, but that was on a much lower...

In a late night development, the new board of NDTV approved the resignation of Prannoy Roy and Radhika Roy from the board of directors of RRPR Holdings, the company that...

For the fiscal year FY23 till date, the Indian government has received total dividends from PSUs to the tune of Rs23,797 crore, including dividends of Rs5,001 crore from ONGC. In...

During the week ended 25th November, a total of 9 out the 10 most valuable companies on the NSE gained Rs79,798 crore in market cap. That is not surprising as...

The US Federal Reserve published the minutes of the 02nd November FOMC meeting late on 23rd November 2022. Two things emerged from the FOMC minutes. Firstly, the views of the...

The PSU bank index touched a new high on Tuesday and has since surged by 73% from, is yearly lows. This is largely on the back of strong earnings in...

Oil prices slipped sharply to around $87.11/bbl in the Brent Crude market. while supply fears receded, there were also concerns over demand from China amidst tighter COVID restrictions and dollar...

The deal is almost final and Reliance Industries is all set to acquire Metro AG cash and carry business in India. The deal is estimated to be worth Rs4,060 crore....

RBI MPC special meeting concluded on Thursday without much fire or fervour as the RBI MPC got together to draft a response to the government on why they had failed...