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02.11 / 09:05
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FPIs remain net sellers in equities in October, debt market sees major inflows; will the trend continue?
₹24,548 crore from Indian equities, on the back of spiking US Treasury yields and a rise in crude oil prices. FPIs turned net sellers in September, selling equities worth ₹14,768 crore. This shift occurred following a period of sustained buying that commenced in March and continued till August.
02.11 / 08:07
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FMCG Q2 results review: Sluggish volume growth a worry, does that make the sector an avoid?
Varun Beverages and Colgate Palmolive India have gained about 39 per cent and 36 per cent, respectively, in the current calendar year so far (as of November 1). On the flip side, Dabur India (down 7.90 per cent), United Breweries (down 5.5 per cent) and HUL (down 3.5 per cent) are the three components of the Nifty FMCG index that have performed poorly this year so far. Nifty FMCG index is up nearly 16 per cent in the year so far, outperforming the benchmark Nifty 50 which has gained 5 per cent.
02.11 / 08:07
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How ICICI Bank customers can make payments using the digital rupee app
₹) app named ‘Digital Rupee by ICICI Bank’. The Bank has made it possible by making its digital rupee app UPI (Unified Payments Interface) interoperable. This integration empowers customers to scan existing UPI QR codes at merchant outlets and pay via the digital rupee app.
02.11 / 07:55
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Telangana Assembly election: I-T searches at Congress leader Laxma Reddy’s residence
how to control Congress. People have decided to support the Congress party in the November 30 assembly elections in Telangana and they (BRS and BJP) are unable to digest the public acceptance and hence resorting to such things," Gouri Satish alleged.
02.11 / 07:55
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MCX share price extends rally to hit record high; UBS lifts target on near-term growth drivers, sees 25% more upside
MCX share price continued its upward trend for the fourth consecutive session on Thursday and hit a 52-week high led by strong buying interest in the stock. MCX shares have rallied over 7% in the past one week. On Thursday, MCX shares gained as much as 2.43% to a record high of ₹2,447.40 apiece on the BSE.
02.11 / 07:55
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Cello World IPO allotment: Check latest GMP, subscription status, here's how to check allotment status
BSE. If the company switches to T+3 norms the listing date could be before the schedule. So far, Cello World IPO refund is scheduled to take place on Tuesday, November 7, and the shares will be credited to demat account on Wednesday, November 8.
02.11 / 07:55
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Vedanta Resources in talks for $500-million loan to meet repayment obligation: Report
Vedanta Resources (VRL) has begun negotiations with Cerberus Capital Management and Varde Partners to secure a $500-million loan. This loan is part of the company's efforts to fulfil a $1-billion repayment obligation due in January, The Economic Times reported on November 02.
02.11 / 07:55
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Be prepared for higher EMIs! ICICI Bank, Bank of India hike lending rates. Details here
ICICI Bank and public lender Bank of India (BOI) have hiked their marginal cost-based lending rates (MCLR). This will result in EMIs linked to MCLR being expensive. As per ICICI ‘s website, and Bank of India’s website, the new interest rates are effective from 1 November 2023.
02.11 / 07:55
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‘Bechare Rahul Gandhi...’: Asaduddin Owaisi hits back at Congress MP for 'AIMIM takes money' claim
Rahul Gandhi over his allegations that AIMIM fields candidates wherever Congress contests the Bharatiya Janata Party (BJP) by “taking money from the saffron party". In a post on X, Asaduddin Owaisi asked Rahul Gandhi how much his party took to back the UPA government in 2008 on the nuclear deal with the United States (US).
02.11 / 07:17
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Multibagger smallcap stock jumps over 7% on winning orders worth Rs 924 crore
Skipper jumped 7.4% to Rs 252.3 in Thursday's trade on BSE after the firm won orders worth Rs 924 crore from Power Grid Corporation of India and for several other domestic T&D projects, including Telecom. Skipper said in an exchange filing that the firm won orders in the domestic T&D business of Rs 788 crore from Power Grid Corporation of India Ltd (PGCIL), and orders worth Rs 136 crore for several other domestic T&D projects including Telecom. At 11.22 a.m., the scrip was trading 3.2% higher on BSE. Meanwhile, Skipper has also given multibagger returns to its investors as the stock has gained nearly 110% in the last six months, while it has gained over 220% in the last two years and over 400% in the last three years. Sharan Bansal, Director Skipper, said, «We are pleased with the new order inflows of Rs 924 crore from PGCIL and other customers, the consistent order inflows in the T&D business have led to a total order in-flow YTD of Rs 2,727 crore, registering an impressive ~220% growth over last year till date.» Bansal further added, «Going forward, the marketplace looks exciting and ripe with opportunities.
02.11 / 06:55
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Sun Pharma share price rises as Q2 results surpass street estimates; here's why brokerages are bullish on the stock
₹1,130.80 apiece on BSE. According to technical analysts, pharma stocks are in buzz and Sun Pharma share price is also showing strength in today session.
02.11 / 06:25
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Tata Motors Q2 Results Preview: Auto major likely to post net profit of ₹3,994 crore; revenue may rise 33% YoY
Tata Motors Q2 Results: Tata Motors, the passenger cars and commercial vehicle manufacturer, is set to announce its financial results for the quarter ended September 2023 today. The automobile major is expected to remain profitable during the quarter as against reporting a net loss in the corresponding quarter of last fiscal.
02.11 / 05:59
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JK Tyre shares zoom 14% as Q2 profit increases five-fold to Rs 249 crore
Meanwhile, on a consolidated basis, net revenue went up 4% to Rs 3,905 crore, from Rs 3,764 crore in Q2FY23. EBITDA (Earnings before interest, tax, depreciation and amortisation) increased to Rs 597 crore, as against Rs 305 crore in the year-ago period. The margin for the quarter under review came at 15.11%, up from 7.91% in the year-ago period. The tyre maker also approved an investment of Rs 1,025 crore for manufacturing capacity expansion.
02.11 / 05:27
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ICC Cricket World Cup 2023: Australia's Mitchell Marsh out of WC indefinitely
World Cup 2023: Australian all-rounder Mitchell Marsh has returned home for personal reasons. He is out of the ICC Cricket World Cup 2023 indefinitely.
02.11 / 05:27
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MCX Gold price moves up after US Fed keeps rates unchanged; what should be your strategy for bullion today?
Federal Reserve held interest rates steady, raising expectations that the Fed may be done with interest rate hikes. According to a Reuters report, the dollar index declined 0.5 per cent, while benchmark US 10-year note yields fell to a more than two-week low. The US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent.
02.11 / 05:27
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Rupee trades 9 paise higher at 83.19 against the US dollar after Fed policy
US Federal Reserve was a bit dovish in its policy meeting. The local currency opened 7 paise higher at 83.21 a dollar as compared to previous close of 83.28. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.51% lower at 106.34.
02.11 / 04:53
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Dunki teaser release date revealed: Check when the first look of Shah Rukh Khan’s next film is coming
Dunki, directed by Rajkumar Hirani. The Hindustan Times has exclusively learnt that the teaser is set to ‘explode’ at 11 AM on November 2. It coincides with the celebrations of Shah Rukh Khan’s 58th birthday.
02.11 / 04:53
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ICC World Cup 2023: Australian cricketer Glenn Maxwell to miss November 4 match against England following head injury
Cricket World Cup match against England on November 4 following injury. He sustained a cranial injury from falling off a golf cart.
02.11 / 04:53
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Mahua Moitra cash-for-query case: 3 questions TMC MP will face before ethics panel today
summoned to appear before the Parliament panel on November 2. Ahead of her appearance before the Committee, Mahua Moitra, in a letter to the panel said that she will appear before it for the hearing on November 2-- the summoned date but sought to “cross-examine" both advocate Jai Anant Dehadrai and businessman Darshan Hiranandani over their allegations.
02.11 / 04:53
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Fed policy outcome: Fed keeps rates steady. What does it mean? Experts explain
US Federal Reserve left policy rates unchanged on Wednesday, November 1, at a 22-year high level of 5.25-5.50 per cent. As Mint reported, the US Fed's decision to hold its benchmark lending rate at this level gives policymakers time to "assess additional information and its implications for monetary policy," the central bank said in a statement.
02.11 / 04:53
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Elon Musk offers Mark Zuckerberg $1 billion if he changes Facebook name to…
Elon Musk is now offering Meta owner Mark Zuckerberg $1 billion to change the name of Facebook. The billionaire was responding to a post by parody news site BabylonBee, which quoted Musk as offering Zuckerberg $1 billion to change Facebook's name. While essentially confirming the offer, Musk noted, “It would be a much better name!" Notably, this is not the first time hostilities between the two tech giants have flared, with news of an impending Zuckerberg vs.
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