Shares of all 11 listed Adani Group firms rallied in early trade on Tuesday, with Adani Power surging 19 per cent and Adani Green Energy gaining about 14 per cent. While Adani Power rose to Rs 535 per share, as trading volume surged 11 times its 30-day average, Adani Green Energy increased to Rs 119...
Oil prices hit their highest level in more than three months on Monday’s open, extending their rally on expectations that wider US sanctions will affect Russian crude supplies to the world’s top and third largest importers China and India. Brent crude futures climbed $1.35, or 1.69%, to $81.11 a barrel by 2339 GMT after hitting...
Adani Group on Friday raised Rs 4,850 crore from the sale of 13.5 per cent of its stake in Fortune oil maker Adani Wilmar as part of a strategy to exit non-core activities to focus on main infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of...
Tata Motors shares fell 3.2% to an intra-day low of Rs 769.45. The stock was among the major losers in the Nifty 50 on January 09. The drop in share price came after its subsidiary Jaguar and Land Rover (JLR) reported a fall of 3% in retail sales at 106,334 units in the October to...
The government’s artificial intelligence programme unit IndiaAI and Microsoft have partnered to train 5 lakh individuals, including students, educators, developers, government officials, and women entrepreneurs on AI by 2026, a senior company official said on Wednesday. Microsoft India and South Asia President, Puneet Chandok told PTI that the USD 3 billion investment announced by the...
The benchmark equity indices closed in the positive on Tuesday. The 30-share Sensex rose by 234.12 points, or 0.30%, finishing at 78,199.11. The index traded between a high of 78,452.74 and a low of 77,925.09 during the session. The Nifty50 also closed higher at 23,707.90, up by 91.85 points, or 0.39%. The index reached a...
Adani Wilmar Ltd (AWL), India’s largest edible oil company, is adopting a strategy similar to ITC’s by leveraging its core business and extensive distribution network to drive growth in its high-margin FMCG portfolio after the Adani group exit, according to sources. Just as ITC used its strong cigarette business to expand into FMCG, AWL is...
The stock markets in India extended gains on January 2 with the benchmark indices surging nearly 2 percent each after consolidating within a range for almost two weeks amid heavy buying in financial, auto and IT shares. Sensex jumped 1,436.30 points or 1.83 percent — its best single-day gain in more than a month — to...
FSN E-Commerce Ventures, the operator of the Nykaa brand, on Tuesday reported a consolidated net profit of Rs 13.64 crore for the April-June quarter of the financial year 2024-25 (Q1FY25), marking a 152 per cent increase from Rs 5.42 crore in the same period last year (Q1FY24), the company said in a regulatory filing submitted...
Goldman Sachs, the New York-based investment bank, has outlined its strategic vision for Indian equities in 2025. The firm identifies major growth potential in sectors such as housing, agriculture, defense, tourism, and the rapidly growing segment of affluent consumers, which it believes will drive the next phase of economic expansion in India. That said, analysts...