Stock Market News Updates

SEBI approved reclassification of government's shareholding in IDBI Bank as public. That had been a moot point for some time. In this case, the government’s voting rights would be capped...

Avenue Supermarts, owner of D-Mart chain, reported 24.7% growth in standalone revenues for Q3FY23 at Rs11,305 crore. The total number of stores of D-Mart as of December 2022 stood at...

In a move that was long called for, the Union Budget 2023 is likely to shift the tax liability on the buyback of shares from companies to individual shareholders who...

The government has proposed a self-regulatory body to certify permitted “online game” in India. The IT minister, Rajeev Chandrasekhar, confirmed that the draft would be finalized after public consultations. The...

For the September 2022 quarter, India’s current account deficit (CAD) surged to a record $36.4 billion, or 4.4% of GDP. This was largely triggered by a much wider trade deficit....

Year 2022 saw record levels of mergers and acquisitions in India. Companies tried to consolidate positions and enter new segments, leading to some mega transactions in banking, cement and aviation....

Property prices may be rising in India but that has not deterred home buyers in any way. Even amidst the higher home loan rates, year 2022 saw housing sales in...

Advent International, the global private equity giant, will buy 50.1% stake in Suven Pharma for Rs6,313 crore. Post the deal the promoter Jasti family will just hold 9.9% in Suven...

The market valuation of the ten most valuable companies on the NSE fell Rs168,552 crore in the week ended 23rds December. In a week when the Nifty fell 2.4%, Reliance...

US third quarter GDP growth came at 3.2% as per the third and final revised estimate for GDP growth put out by the US Bureau of Economic Analysis (BEA). The...

In the minutes of the MPC published on 21st December, the RBI governor was categorical that there was no question of pausing on rate hikes. According to Das, the outlook...

Fitch Ratings affirmed India's long-term foreign currency rating at "BBB-", which is the lowest grade above default grade. However, Fitch has maintained its positive outlook on India. Fitch has highlighted...

Over the last 4 years, the global defence procurement has gone up sharply, even as defence exports have also gone up, albeit on a much smaller base. For instance, between...

Advance tax collections for the FY23 period to mid-December is up 12.8% yoy at Rs5.21 trillion. This is the combined figure for personal and corporate taxes. Corporate advance tax accounts...

It was a sort of Black Thursday for the stock markets as the Sensex fell by 879 points and the NSE cracked by 245 points in a single day. The...