The Reliance Industries Ltd’s (RIL) stock has risen 37% this year, at a time when the benchmark Nifty 50 index has shed 9%. In absolute terms, RIL has added Rs4 trillion to its market capitalisation. No doubt, valuations have run ahead of themselves,...
After supporting the Indian markets through the lows of covid-19 pandemic with massive buying in the months of March, domestic institutional investors have now become big time sellers of Indian equities. Data shows that domestic institutional investors (DIIs) including mutual funds and banks...
Investors can’t get enough of Indian pharma stocks these days. That seems to be the reason why Sun Pharmaceutical Industries Ltd’s stock was up about 5% on Friday. Otherwise, there are no major positive surprises or triggers in the Q1 numbers. The June quarter results were...
Private sector players should be roped in for anchoring specific schemes to scale up farm exports from India for which the Central government could act like an enabler, a high level panel has told the Fifteenth Finance Commission (FFC). The panel which had...
Prakash asked the industry to rise to the challenges of improving connectivity in rural areas, which has shown "huge appetite for data". He exhorted the industry to drive a larger mesh of wireline communications and wireline broadband, enhance tower density and fiberisation, and aid the proliferation of...
NEW DELHI | RAIPUR: Coal Minister Pralhad Joshi on Friday said the Centre has accepted the suggestion of the Chhattisgarh government to change five mines in the state put up for commercial coal auctions with three other new mines. "The coal Ministry has accepted the suggestion of Chhattisgarh government...
Indian markets ended lower today, weighed down by 2% fall in Reliance Industries and HDFC Bank but gains in State Bank of India and pharma stocks kept losses in check. The NSE Nifty 50 index fell 0.26% to 11,073 while Sensex dropped 130 points to 37,606,...
The Reserve Bank is likely to cut rates by 0.25% at next week's policy review even though inflation remains on the higher side, domestic ratings agency Crisil said on Friday. On the price rise scenario, it said the situation has evolved in such...
MUMBAI : The Securities and Exchange Board of India (Sebi) has deferred penalty by a month for any short collection of upfront margin, a move that may provide some relief to stock brokers and...