More From Economy

Life insurers log new business premium growth of 84 pc in April, led by LIC

The largest insurer, state-owned LIC's first-year premium or new business premium more than doubled (at a 141 percent rise) to Rs 11,716 crore as against Rs 4,856.

Tata Sons appoints Campbell Wilson as new CEO and MD of Air India

Earlier in February this year, Tata Sons had announced the appointment of former chairman of Turkish Airlines Ilker Ayci as the CEO and MD of Air India. However, he declined to take up the position amid controversies over his views related to India

NSE co-location case: Delhi court dismisses bail pleas of Chitra Ramkrishna, Anand Subramanian

An FIR, in this case, was registered in May 2018, amid fresh revelations about irregularities at the country's largest stock exchange.

Top hotel industry body wants SEBI to cancel Oyo's IPO

FHRAI cautioned that Oyo's IPO will allegedly wipe out public wealth while enriching its founders and key management.

PAN or Aadhaar mandatory for cash deposits or withdrawals above Rs 20 lakh

An assessee needs to mention his/her PAN in all communications with the I-T department and while entering into specified financial transactions.

AGEL to issue of 2 cr shares worth Rs 3,850 cr to Green Energy Investment Holding

Adani Green Energy (AGEL) will issue 2,00,18,198 equity shares of face value Rs 10 each at the rate of Rs 1,923.25 per share for Rs 38,49,99,99,303.50 to Green Energy Investment Holding RSC Ltd

THIS Saudi company has replaced Apple as world’s most-valued company

Saudi Aramco was valued at $2.42 trillion (9.24 trillion riyals) based on the price of its shares at the close of the market on Wednesday.

LIC IPO allotment today: Check links to know subscription status; latest GMP

LIC Allotment Status: LIC IPO Those who have bid for LIC IPO can check their allotment status at BSE website or at the official website of its registrar KFin Technologies Limited. LIC IPO GMP has turned negative. 

Sensex falls 800 points, Nifty below 15,900 on weak global cues

Equity benchmark indices opened on a negative note on Thursday with the Nifty slipping below the 16,000 and Sensex falling nearly 850 points.

Sensex spirals lower for fourth day; bank stocks buck trend

Unabated selling by foreign institutional investors and a jump in crude prices also weighed on sentiment, traders said.

Delhivery IPO subscription opens today: Check price band, latest GMP

Delhivery IPO comprises fresh issuance of equity shares worth Rs 4,000 crore and an Offer for Sale (OFS) component of Rs 1,235 crore by existing shareholders.

SBI hikes interest rates on bulk term deposits by 40-90 basis points

The revised interest rates on bulk term deposits amounting to Rs 2 crore and above are effective from Tuesday, the bank said.

Sensex slips for 3rd day, declines 106 points in choppy trade

The NSE Nifty declined 61.80 points or 0.38 per cent to end at 16,240.05. Among the Sensex firms, Tata Steel, Sun Pharma, NTPC, Titan, Bajaj Finance, Reliance Industries, Tech Mahindra and ITC were among the major laggards.

GST Council mulling 28% tax on Bitcoin, other cryptocurrencies

Bitcoin, the world's largest cryptocurrency by market value, has fallen by 50 per cent since its peak in November last year.

LIC IPO closes: Allotment on May 12, check grey market premium

LIC IPO: Against 16,20,78,067 shares on offer, 47,83,25,760 bids were received by the insurance giant. 

HCL Technologies to acquire Quest Informatics

Quest currently serves more than 40 global leaders in the 'after-market' space with its cloud-enabled after-market ERP, field services management, and digital parts catalog product suites.

Meta opens first retail store in California

The store, which is open to the public as of Monday, is made for people who want to test out products like Ray-Ban Stories, Meta's AR glasses and sunglasses, along with the Portal video calling gadget and Oculus virtual reality headsets.

Rupee plummets 60 paise to close at all-time low of 77.50/USD

Forex traders said risk appetite has weakened amid mounting concerns about inflation that may trigger more aggressive rate hikes by global central banks.  

Domestic air passenger traffic logs estimated 83 percent growth in April: ICRA

the domestic airline operators saw the international passenger traffic marginally surpassing the pre-pandemic numbers (around 1.83 million), with total volumes standing at around 1.85 million. 

Sensex tanks 365 points to end below 54,500, Nifty holds 16,300

Bitcoin value drops by 50% since November peak

The slide in the value of digital assets comes as stock markets around the world also dropped in recent days. On Monday, some Asian markets headed lower again with Japan's benchmark Nikkei index down by around 2 percent.

Reliance Industries share price falls over 3% after Q4 earnings; down by nearly 10% in 6 days

The stock has been quoting lower for the past many days and further slumped 3 per cent to Rs 2,542.10, amid a weak trend in the broader market.

Campus Activewear shares debut with over 23% premium

The stock listed at Rs 355, registering a premium of 21.57 per cent, against the issue price on the BSE.

Adani Airports raises $250 million for airports development

Adani Airport Holdings Ltd handle around 200 million consumers, including passengers and non-passengers.

Sensex, Nifty extend losses as markets continue to slump on weak global cues

Sensex declined more than 800 points to trade below 54,000 in the opening trade while Nifty slipped below 16,200 after falling 250 points.

LIC IPO subscribed 1.79 times on Day 5

Against 16,20,78,067 shares on offer, 29,08,27,860 bids were received, according to the data posted on stock exchanges at 7 pm. However, the Qualified Institutional Buyer (QIB) category is yet to be fully subscribed.

Jet Airways gets security clearance from govt after test flight

The Jalan-Kalrock Consortium is currently the promoters of Jet Airways. The airline in its old avatar was owned by Naresh Goyal and had operated its last flight on April 17, 2019.

Best investment you'll ever make: Poonawalla woos Musk to invest in making Tesla cars in India

Elon Musk, who has made a successful USD 44 billion acquisition bid for Twitter, had in the past asked India to reduce import duties to sell Tesla electric cars but the government has insisted on local manufacturing.