Category: Breaking News

Indian stock markets rose sharply on Tuesday, with the Sensex and Nifty each gaining close to 2%. Lower crude oil prices, growing talk of a possible change to long-term capital gains tax, and renewed interest from foreign investors all lifted sentiment. The Sensex climbed 1,225 points to close at 76,918. The Nifty 50 rose 370…

Choice International’s board has approved a bonus issue that will give existing shareholders one free share for every share they hold. It is the company’s first such move in two years. The company has not yet set the record date, which will decide who qualifies. It said it will announce that date later. Bonus shares…

Sri Lotus Developers and Realty Ltd has said one of its promoters will offload shares on the stock exchanges this week, as the company works to meet the minimum public shareholding requirement. In a regulatory filing on Monday, the company said promoter Anand Kamalnayan Pandit plans to sell up to 2,37,95,818 equity shares. This is…

Four heavyweight names from the BSE 100 index touched fresh 52-week highs as the Sensex jumped by more than 1,200 points. The stocks are Coforge, Eternal, Indian Hotels Company and Kotak Mahindra Bank. All four have also given investors positive returns over the past month, with the best performer rallying by as much as 15%…

Shares of PC Jeweller fell more than 4% on Monday, a day after the company disclosed that the Securities and Exchange Board of India (Sebi) had sent administrative warning letters to two of its senior officials. The stock dropped to Rs 14.83 in morning trade, its lowest level in nearly three weeks. It has lost…

Indian stocks started Monday on a strong footing, with the Sensex and Nifty each gaining more than 1%. Cooler crude oil prices, solid results from heavyweights such as Reliance Industries and a return of foreign buying lifted sentiment. The Sensex climbed by more than 950 points in early trade, while the Nifty 50 moved above…

Binance, the world’s largest cryptocurrency exchange, began allowing users to withdraw bitcoin, ether and some stablecoins again on Sunday. It said the remaining assets would be reopened in phases. The restart comes after the exchange made up 95% of the $6.3 billion worth of tokens stolen from its platform. In a detailed statement released on…

The Securities and Exchange Board of India (Sebi) has barred EKI Energy Services Ltd and its Managing Director Manish Kumar Dabkara from the securities market. The company faces a two-month ban and Dabkara a 12-month ban. The regulator found that the carbon credits trading firm misrepresented its financial statements and diverted funds. Other senior figures…

State-owned general insurer New India Assurance Company reported a net loss of ₹1,267 crore for the September quarter. In the same period a year earlier, it had made a net profit of ₹63 crore. The company said its underwriting losses grew as claims turned out worse than expected in property, motor and health insurance. Premium…

Reliance Industries Ltd (RIL), led by Mukesh Ambani, reported a record consolidated net profit for the September quarter. It beat market estimates as the oil-to-chemicals (O2C) and digital businesses grew faster, making up for a relatively subdued showing in retail. Net profit rose 34% to ₹29,550 crore, against ₹22,092 crore in the same quarter a…