Neville Noronha, one of India’s wealthiest CEOs, has announced his decision not to renew his contract with Avenue Supermarts, the parent company of the DMart retail chain. After more than 20 years of exceptional leadership, Noronha will step down at the end of his term in January 2026. The company has named Anshul Asawa of …
The Nifty50 has breached all critical support levels, marking a significant decline in Monday’s trading session. After a 2.5% drop last week, the index continued its downward spiral, losing an additional 1.47%, equivalent to around 345 points. This marked the 4th consecutive session of losses. Broader Markets Face the Brunt While the Nifty’s decline has …
The Nifty Financial Services Index (FINNIFTY) is a benchmark index designed to represent the performance of India’s financial market. It includes a diverse range of companies such as banks, financial institutions, housing finance, insurance firms, and other financial services companies. The index is composed of 20 prominent stocks listed on the National Stock Exchange (NSE). …
The BSE Sensex witnessed a steep fall on January 13, 2025, declining by 1% or 770 points by 1:16 PM. The market sentiment was dented by a stronger-than-expected US jobs report, which reduced hopes of early interest rate cuts by the Federal Reserve. Coupled with concerns over slowing corporate earnings, the market began the week …
The Indian stock markets will remain open on Makar Sankranti, January 14, as it is not a recognised holiday, with trading continuing as normal. Meanwhile, the RBI has declared a bank holiday in some cities on the same day. According to the official holiday calendar released by the National Stock Exchange (NSE) of India, Makar Sankranti will …
The BSE Sensex plunged by 1,031.65 points (1.35%) on Monday, closing at 76,347.26. The 30-share index fluctuated between a high of 77,128.35 and a low of 76,249.72 during the session. The NSE Nifty50 also ended the day lower, shedding 345.55 points (1.47%) to settle at 23,085.95. The index reached a high of 23,340.95 and a …
India-born fintech startup Razorpay, which is currently incorporated in the US, has announced plans to reverse-flip its parent entity back to India in the next six months. Co-founder and CEO Harshil Mathur shared that the company is awaiting the necessary approvals for the process, which could take anywhere between 3 to 6 months. Following the …
The Nifty Bank index experienced a notable decline of 0.99% on January 13, 2025, shedding 479 points by 12:47 PM. This marks the 4th consecutive session of losses, amounting to a total fall of 3.93% over the past trading days. In comparison, the Nifty50 index performed relatively better during the same period. Advances vs Declines: …
The NSE benchmark Nifty50 index started on a lower note on January 13, 2025, slipping below the critical 23,200 mark during intraday trading. While it managed to recover marginally from the intraday lows, trading above 23,200, the index remained down by 207 points or 0.88% as of 11:53 am. Market Breadth: Declines Dominate The market …
India’s renewable energy sector achieved a historic milestone in 2024 with a record capacity addition of approximately 30 GW. This represents a 113% increase from the 13.75 GW added in 2023, as per data from the Ministry of New & Renewable Energy. The achievement highlights the nation’s accelerating efforts to transition to clean energy and …
