Business

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...

Indian equity benchmarks scaled their fresh all-time highs in Wednesday’s early deals, led by gains across all sectors. The 30-share BSE Sensex pack surged 476 points or 0.67 per cent to trade at 71,913, while the broader NSE Nifty moved 140 points or 0.65 per cent up to trade at 21,593. Mid- and small-cap shares were positive as Nifty Midcap...

The European Union is investigating social media company X over suspected violations of the Digital Services Act (DSA) in its first probe under the law. “Today we open formal infringement proceedings against @X” under the Digital Services Act, European Commissioner Thierry Breton said Monday in a post on the platform formerly known as Twitter. “The Commission will now investigate X’s...

Mumbai Police filed an FIR (first information report) against steel baron and managing director of JSW Group Sajjan Jindal On December 13 at a police station in the Bandra-Kurla Complex (BKC) area of Mumbai after a 30-year-old woman accused him of raping her. Mumbai Police has booked Sajjan Jindal under IPC 376 (rape), IPC 354 (assault or criminal force to...

Bulls ran wild in Dalal Street throughout this week, with benchmark indices hitting record high day after day. Nifty and Sensex gained over 2 percent this week, while Nifty Midcap 100 index and Nifty Smallcap 100 index was up 2.6 percent and 3.3 percent, respectively. Other than this, the top sectoral performer this week emerged to be Nifty IT index...

India’s benchmark stock indices hit new record highs on Thursday, buoyed by a global market rally that extended to regional markets. The S&P BSE Sensex surged 1,000 points and Nifty 50 climbed above 21,200 intraday. The Sensex ended at 70,514.20, up 929.60 points, while the Nifty closed at 21,182.70, up 256.35 points. This surge followed the U.S. Federal Reserve’s indication...

IndiGo has become the sixth largest airline in terms of global market capitalisation with a valuation of $13.80 billion, surpassing United Airlines at $13.48 billion, after parent InterGlobe Aviation shares closed up 1.73 percent to Rs 2,982.50 on the BSE. Delta Air Lines leads the squad at $26.54 billion. The InterGlobe Aviation shares crossed Rs 3,000 for the first time, marking their longest winning...

The company intends to divest its 10-acre campus in Gachibowli, Hyderabad, as well as a 14-acre campus in Siruseri, Chennai, in line with its cost-cutting restructuring plan to save $400 million over two years, including vacating 11 million square feet of office space, The Economic Times reported. Cognizant is re-evaluating its entire real estate portfolio and has given up rented...