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Starbucks, Barista, Chaayos and Third Wave Coffee are among café chains facing the brunt of a slowdown in discretionary consumer spending. The impact is more severe for these retailers as they opened hundreds of new stores last fiscal year even as losses widened. To be sure, smaller chains such as Tim Hortons and Blue Tokai have bucked the trend.

State Bank of India (SBI) taking charge of sensitive or troubled lenders in the country.

An independent watchdog finds the IRS has improved its overall taxpayer service through Democrats' Inflation Reduction Act but still faces delays processing claims from a coronavirus pandemic-era tax credit program and is slow to resolve certain identi...

stocks rallied as much as 15% in Mumbai trading on Wednesday even as equity benchmarks, BSE Sensex and NSE Nifty, traded in the amid brisk in frontline bluechip counters. Stocks that surged in excess of 15% included, Medi-Caps Ltd(20.00%), Mediaone Global Entertainment(20.00%), Tyroon Tea Co(19.96%), Suvidhaa Infoserve(19.93%), Suryaamba Spin(19.12%), Spandana Sphoorty(18.18%) and Rama Phosphates(17.65%).

After COVID-19, another respiratory illness has become a cause of concern. Currently, several countries including China and India are witnessing a surge in cases of the infection. According to Google Trends data, there is a spike in search terms like ‘Human metapneumovirus’ and ‘HMPV virus symptoms’.

Subscribe to enjoy similar stories. In its December quarter (Q3FY25) update, Nykaa's parent company, FSN E-Commerce Ventures Ltd said that its beauty and personal care (BPC) segment remains the key growth driver, while muted demand in its fashion business continues to weigh on overall momentum. Nykaa expects Q3 consolidated net revenue growth to exceed the mid-20s year-on-year, up from 24% in Q2.

Subscribe to enjoy similar stories. Zomato has been a poster child of startup success. After its IPO in 2021, the stock had been a dull counter until June 2023—the first quarter when its bottom line turned positive.

Cummins India Ltd. 0.02 per cent to Rs 3165.45 in Wednesday's trade as of 10:40AM (IST). The stock hit a high price of Rs 3204.95 and low of Rs 3150.00 during the session. The return on equity (ROE) for the stock stood at 26.02 per cent. Traded volume on the counter stood at 10:40AM shares and turnover at Rs 0.65 crore around that time. The stock of Cummins India Ltd. quoted a 52-week high price of Rs 4169.50 and 52-week low prices of Rs 1949.65, respectively.

Several large states in India held elections, and while some of the results were surprising, they provided more stability to the current government. The US presidential election saw a close race but produced a clear winner.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels As of the last trading day, the Nifty 50 closed at 23616.05. This figure represents the index's performance on that day, reflecting the overall market sentiment and movement of the constituent stocks.

Subscribe to enjoy similar stories. Nifty 50, India’s benchmark index, closed 92 points higher on Tuesday, ending its two-day losing streak to settle at 23,207.90. The index opened with a gap-up, tracking positive global cues, and traded within a narrow range of 23,637–23,795.

Subscribe to enjoy similar stories. Even though there was a brief recovery on 7 January, markets still encountered notable selling pressure during attempts to bounce back, suggesting that bearish sentiments prevail. Interestingly, the volatility index (India VIX) decline indicates a reduction in participant anxiety.

Subscribe to enjoy similar stories. The Indian stock market closed flat on Tuesday, weighed down by weakness in IT and consumption stocks. The Nifty 50 index ended nearly unchanged at 23,707.90, while the BSE Sensex slipped 0.30% to close at 78,199.11.

Kranthi Bathini, Equity Strategist at Wealth Mills Securities, to talk about the market's recent moves and what lies ahead. Excerpts:

«There is a strong support at 23,460 which happens to be the previous swing low, so that is the stop loss in the long positions of the Nifty,» says Vinay Rajani, HDFC Securities. Like Ansh was just highlighting that both the benchmark indices are trading in quite a narrow range and it is more of a short covering led rally that what we are witnessing. Help us with your take on the benchmark indices and where do you see the index headed. Vinay Rajani: So, yes, it is trading within the range of yesterday's move and recovery is there and sector-specific and stock-specific some good moves can be seen on the upside also. So, there is a stock-specific market. Nifty has risen by 110 points, but this can be considered as a pullback only. But however, the froth has gone out and many stocks have started performing, in fact, they are making highs of the recent swings. So, as a trader I would suggest that try to come out with stocks which can outperform this market because as far as benchmark indices are concerned, they are likely to remain in the range or consolidate.

Ishan Sharma, a 23-year-old known for sparking debates on cultural topics like tipping in the USA, is seeking a Chief of Staff to join his Bengaluru-based team. Sharing the job posting on X, Sharma emphasized the role's importance, describing it as “the most critical position” within his team.

Nifty 50 index closed below the crucial 200-DEMA on Monday, technical indicators present a mixed outlook for the market. The Relative Strength Index (RSI) currently stands at 40.7 — trending downward and indicating bearish momentum. In contrast, the Stochastic RSI showed a bullish crossover, hinting at a potential short-term recovery. This divergence in indicators suggests caution, as the market lacks a clear directional bias. The Nifty faced strong selling pressure throughout the session, struggling to sustain above the immediate resistance level of 24,000. It closed below 23,700 and breached the 200-day Exponential Moving Average (EMA), signalling a bearish trend. If the index fails to hold above current levels, further corrections could lead to the next support levels at 23,270 and 23,000. However, a decisive breakout above 24,000 remains critical to revive bullish momentum, said Mandar Bhojane of Choice Broking.

Sensex and Nifty plunged 1.6% on Monday, certain hospital stocks attracted investors' attention after the government confirmed three confirmed cases of Human Metapneumovirus (HMPV) — 2 in Karnataka and one in Gujarat — amid reports of a virus outbreak creating havoc in China. Bengaluru-based Narayana Hrudayalaya shot up 3.4% to hit the day's high of Rs 1,355 on the NSE while Rainbow Childrens Medicare was up 4% in the intraday trade. Others including Apollo Hospitals, Aster DM Healthcare, Krishna Institute of Medical Science (KIMS) were up by up to 2% in the day's trade.