Stock Market News Updates

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...

Bharti Hexacom, a subsidiary of Bharti Airtel has raised Rs1,924 crore through its anchor placement in the stock market, a day ahead of the IPO opening on April 03, 2024....

FY24 was a special year in the stock market for IPOs with 75 IPOs raising Rs61,915 crore. In terms of number of IPOs, this is the highest count in last...

S&P Global joins the bandwagon to raise the FY25 GDP forecast for India to 6.8%, after the GDP numbers for the third quarter came in at an impressive 8.4%. That...

In Q3FY24, India witnessed a decline in its current account deficit (CAD) to $10.5 billion, constituting 1.2% of GDP. This figure marks a decrease from the previous year's corresponding period,...