Business

Tamil Nadu announced on Sunday that it has signed investment agreements exceeding $4.39 billion with companies including Tata Electronics and Pegatron, both suppliers to Apple, as well as automobile giant Hyundai Motors. With Apple eyeing India as its next major growth engine, the tech behemoth is planning to shift some of its production from China. In line with this, Pegatron...

Indian benchmark equity indices closed higher on Thursday after a two-session drop on Thursday, led by financials on strong business updates and energy stocks on investment plans. Realty extended gains on robust sales volumes. The BSE Sensex advanced 491 points or 0.69% to settle at 71,847. The broaderNSE Nifty surged 141 points or 0.66% to end at 21,658 High weightage...

Adani group shares including the flagship Adani Enterprises Ltd, Adani Total Gas Ltd, Adani Green Energy Ltd, Adani Ports & Special Economic Zone Ltd (Adani Ports, Adani Wilmar Ltd and Adani Power Ltd climbed up to 10 per cent in Wednesday’s trade ahead of the Supreme Court’s verdict on the Adani-Hindenburg Research case at 10.30 am today. The report by the US-based...

SC emphasized its limited authority to step into SEBI’s regulatory framework. It dismissed calls for SEBI to revoke amendments on FPI and LODR regulations, saying no irregularities were seen SEBI told to complete investigation in 2 pending cases in 3 months. 22/24 investigations completed. Conflict of interest among the Expert Committee members rejected  Centre and SEBI directed to investigate any...

Shares of Vodafone Idea Ltd welcomed calendar year 2024 on a fantastic note. The stock extended its sharp upward run for the second straight session in Monday’s trade. It jumped 14.98 per cent to scale a one-year high of Rs 18.42. At this price, the scrip has gained 39.12 per cent in just two trading days. The multibagger counter has zoomed 223.16...

Canara Robeco Mutual Fund has picked up 9 lakh equity shares in the pharma firm through open market transactions at an average price of Rs 474.41 each, and Invesco Mutual Fund bought 6 lakh shares at an average of Rs 452.1 on the listing day. In total, they bought a 2.6 percent stake in Innova.  The step-down subsidiary Dr Reddy’s...

Benchmark indices ended higher for the fourth straight session on December 27 with Nifty closing above 21,600.At close, the Sensex was up 701.63 points or 0.98 percent at 72,038.43, and the Nifty was up 213.50 points or 1.00 percent at 21,654.80. We wrap up today’s edition of the Moneycontrol live market blog, and will be back tomorrow morning with all...

MV Chem Pluto was attacked about 200 nautical miles (370km) off the coast of the western state of Gujarat. The attack triggered a fire but it was quickly extinguished by the crew. There were no casualties. The vessel’s crew included 21 Indians and a Vietnamese citizen. The MV Chem Pluto is Liberia-flagged, Japanese-owned, and Netherlands-operated chemical tanker. British Maritime Security...

Shares of Infosys Ltd will be in focus on Tuesday morning after the IT major said a global company has elected to terminate the Memorandum of Understanding signed in September 2023 and that the parties would not be pursuing the Master Agreement. Infosys had in a BSE filing on September 14 suggested that the IT firm had entered into a Memorandum of...

Benchmark indices ended in the green in the highly volatile session on December 21. At close, the Sensex was up 358.79 points or 0.51 percent at 70,865.10, and the Nifty was up 104.80 points or 0.50 percent at 21,255. We wrap up today’s edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest...

Benchmark indices ended in the red on December 20 with Nifty around 21,150. At close, the Sensex was down 930.88 points or 1.30 percent at 70,506.31, and the Nifty was down 302.90 points or 1.41 percent at 21,150.20 We wrap up today’s edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates...