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Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Domestic benchmark index NSE Nifty ended 37.1 points down at 26178.95, while the BSE Sensex closed 264.27 points down at 85571.85.

Coal India Ltd.(up 1.89%), Ashapura Minechem Ltd.(up 1.11%), MOIL Ltd.(up 0.39%) and NMDC Ltd.(up 0.38%) stood among the top gainers.

Kalpataru Projects International Ltd.(up 6.55%), SJVN Ltd.(up 6.24%), Reliance Power Ltd.(up 4.99%), NLC India Ltd.(up 4.90%), GE T&D India Ltd.(up 4.86%), NHPC Ltd.(up 2.05%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), Tata Power Company Ltd.(up 1.99%), GE Power India Ltd.(up 1.96%) and Jyoti Structures Ltd.(up 1.78%) stood among the top gainers.

Produce importer Peter Kopke, Sr. discusses the impact of a looming port strike on 'The Bottom Line.'

Are you wondering if Hamster Kombat’s innovative play-to-earn gaming model, launching on September 26, 2024, is a worthy investment? Another exciting project, Rexas Finance (RXS), is gaining attention for its potential to revolutionize real-world asset tokenization. This article explores the unique use cases of both projects in 2024.

UnTrade, the rapidly growing algorithmic crypto trading platform, is excited to join the Finbridge Trading & Investing Expo in Ahmedabad, India. The event took place on September 28-29, 2024, at the EKA Club in Kankaria.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Shares of Brigade Enterprises Ltd.(up 5.19 per cent), Phoenix Mills Ltd.(up 2.51 per cent) and Prestige Estates Projects Ltd.(up 2.34 per cent) ended the day as top gainers in the pack.

Competition Commission of India (CCI) has granted nod to Singapore-based TIGA Investments' proposal to acquire a stake in Dream11's parent company Dream Sports Inc. The deal was cleared by CCI under the green channel route. The transaction pertains to the purchase by Tiga Acquisition Corp III (Tiga) of certain preferred stock of Dream Sports Inc (DSI), along with certain rights, from an existing shareholder of DSI, the regulator said in a notice on September 23. However, the fair trade regulator CCI did not reveal the name of the existing shareholder.

The NSE Nifty index ended the session 37.1 points down at 26178.95, while BSE Sensex fell 264.27 points to 85571.85.

Shree Renuka Sugars Ltd.(up 10.25%), Balrampur Chini Mills Ltd.(up 6.87%), Bajaj Hindusthan Sugar Ltd.(up 6.63%), KCP Sugar & Industries Corporation Ltd.(up 5.00%), Dwarikesh Sugar Industries Ltd.(up 4.71%), Mawana Sugars Ltd.(up 4.62%), Avadh Sugar & Energy Ltd.(up 4.62%), Simbhaoli Sugars Ltd.(up 4.38%), KM Sugar Mills Ltd.(up 4.32%) and Kothari Sugars & Chemicals Ltd.(up 4.06%) stood among the top gainers.

Sensex and Nifty closed in the red on Friday, taking a breather after hitting seven consecutive sessions of fresh record highs, dragged down by heavyweight financial stocks and investors’ profit-booking. The indices rose for third straight week. The BSE Sensex declined 264 points or 0.31%, settling at 85,571. The broader NSE Nifty dropped 37 points or 0.14%, ending at 26,178.

Bharat Petroleum Corporation (BPCL) soared approximately 7%, reaching a new all-time high of Rs 370.50 on the BSE and the NSE, amid strong trading volumes in the stock. Throughout the day, nearly 3 crore shares exchanged hands on both the exchanges combined and the company’s total market capitalisation stands at Rs 1.6 lakh crore.

Manas Agrawal of Bernstein Societe Generale Group, says the last three days have been very volatile for PB Fintech. So, clarity on offline expansion front will be helpful. Bernstein has written a note where it talks about the key questions for the management. Essentially, what is the business plan? It is good for the consumer and probably good for hospitals and insurers and therefore good for Policybazaar, but then at what cost does all of this come up, that is the key question at this point in time in my mind. ET Now: Just going by the fact that the offline healthcare foray is something that PB Fintech has been looking at for the past many years in terms of this new foray, how are you looking at this backward integration with hospitals as to what it could potentially mean? Manas Agrawal: Media broke the story, and the company has not denied it. Yashish has spoken about it in the previous concalls as well. So, it seems like they want to do this. Now, how they go about doing this is the question, is it going to be capital intensive or it will be a partnership of sorts, it seems like that is the big question that is weighing on the stock because people bought into the story for PB Fintech for its strong growth, its capital light business model.

Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...

Varun Beverages Ltd. traded 1.72 per cent lower in Friday's session at 01:53PM (IST). The stock opened at Rs 623.85 and has touched an intraday high and low of Rs 625.95 and Rs 614.85, respectively, during the session so far. The stock quoted a 52-week high of Rs 682.84 and a 52-week low of 331.28. About 87,288 shares changed hands on the counter so far.

US Fed has finally cut its interest by 50 bps. Our analysis showcases that since the turn of the century the US has witnessed 3 instances of a pivot of 50 bps rate cut, which were driven by the need to reduce a recession. Excluding COVID, US markets corrected as much 24% to 28% one year post the first cut. Indian markets too followed suit, correcting 15% to 30% during these two instances. However, this time US GDP is still growing at around 2% and fears of recession are lower. Theoretically, falling interest rates in the longer run should revive demand, increase capex and lower cost of capital and increase valuations and earnings of markets, especially if the economy is growing. India in our eyes falls under this basket of “growing economies with stable corporate earnings drivers”. Surge in domestic liquidity led to belief the equities could delink from the world and US markets at least shunting any significant falls.

Chief Economic Advisor (CEA) to the Union government, V Anantha Nageswaran, on Friday said that the Indian economy is expected to grow at a rate of 6.5-7 per cent in the current financial year on a steady state basis. He said the growth rate is commendable given the current global scenario. Speaking virtually at an event organised by the Bengal Chamber of Commerce and Industry (BCCI), Nageswaran said that while the economy will grow at 6.5 per cent in real terms, the nominal rate of growth will be 11 per cent, taking inflation into account. «The Indian economy is poised to remain the fastest growing in the current financial year with a growth rate of 6.5-7 per cent on a steady state basis. This is a very good achievement in the current global context,» Nageswaran said.