Stock Market News Updates

For the month of April 2024, In the stock market even as the headline inflation stayed almost flat at 4.83%, the food inflation came in higher at 8.7%, showing that...

The market cap of 6 of the 10 most valuable companies in India fell by Rs1,73,098 crore in the week to May 10, 2024. The major losers were HDFC Bank...

Net profits of Larsen & Toubro have risen 10.3% yoy to Rs4,396 crore in the March 2024 quarter. Revenues in the quarter were also up 15% at Rs67,079 crore. Both...

Corporate bond issuances are all set to hit Rs10.6 trillion in fiscal year FY25. That would be about 4% more than FY24, which recorded Rs10.2 trillion. This will take the...

REC, PFC and IRDA fell more than 10% on Monday after the RBI draft guidelines suggested that all such lenders must maintain 5% provisions for loans given to under construction...

For the month of March 2024, the telecom service providers in India have added 56 lakh new subscribers as per data put out by TRAI. Not surprisingly, Reliance Jio led...

Vodafone Idea, which just completed its successful Rs18,000 crore FPO, is again in talks with lenders for loans worth Rs15,000 crore. This fund raising will be phased over the next...

GST collection for the month of April 2024 have reported crossed the Rs2 trillion mark for the first time ever. According to the Central Board of Indirect Taxes and Customs...

On Monday, the stock of IREDA surged over 13% intraday after the company was granted Navratna status by the government. Earlier, IREDA already had Mini-Ratna status. The stock of IREDA...

Even as FPIs have been trimming their stake in private banks, the domestic mutual funds have been doing just the opposite. They have been trimming their stake in PSU banks...

Reliance Industries missed analyst estimates as it reported 1.8% lower net profits due to a surge in tax expenses. However, the net profit of Rs18,951 crore was 10% up on...

Net direct tax collection for FY24 (net of refunds) actually exceeded the revised estimates (RE). While the corporate tax receipts lagged, it was more than made up by personal income...

For March 2024, India reported 3.11% lower merchandise exports at $41.68 billion, with FY24 exports at $437 billion. For March 2024, merchandise imports were lower by 5.98% at $57.28 billion,...

Carlyle Group selected JPMorgan and Kotak Mahindra Capital to arrange the proposed IPO of Hexaware Technologies. Carlyle plans the IPO around the fourth quarter of 2024. The IPO size would...

For FY24, the government met its tax collection target of Rs34.37 trillion on the back of robust economic activity and better compliance. For FY24, the direct tax collection was revised...