From the 30 Sensex firms, Tech Mahindra, Mahindra and Mahindra, ICICI Bank, Reliance Industries, Axis Bank and UltraTech Cement were among the major laggards. Tata Steel, JSW Steel, NTPC, Titan, Hindustan Unilever and Asian Paints were among the gainers.
Posts tagged Rediff
BharatPe settles dispute with Ashneer Grover (30-09-2024)
Fintech company BharatPe on Monday said that its former co-founder Ashneer Grover will neither be associated with the company in any capacity nor be a part of its shareholding as part of a settlement agreement signed between them. Grover was removed from the position of managing director of BharatPe by the company’s board in March 2022.
Can Kirana Stores Beat The Q-Com Threat? (30-09-2024)
Indian kiranas are agile enough to face the q-com challenge, but it’s going to be a tough fight, notes Ambi Parameswaran.
Kia Sonet: A Facelift for an Urban Favorite (30-09-2024)
While the exterior has undergone minor refinements, the real improvements lie within, notes Rajesh Karkera/Rediff.com.
‘A Big Sound Like That Of A Bomb’ (30-09-2024)
‘The facility works on Apple’s iPhone and everything is damaged — CNC machines, computers and CCTVs worth crores.’
FPI inflows hit 9-month high; crosses Rs 1 lakh cr (29-09-2024)
Foreign investors have poured Rs 57,359 crore into Indian equities in September, making it the highest inflow in nine months, mainly driven by a rate cut by the US Federal Reserve. With this infusion, foreign portfolio investors’ (FPIs) investment in equities has surpassed the Rs 1 lakh crore mark in 2024, data with the depositories showed. Going ahead, FPI inflows are likely to remain robust, driven by global interest rate easing and India’s strong fundamentals.
Mcap of 8 most valued firms surges Rs 1.21 lakh cr (29-09-2024)
The combined market valuation of eight of the top-10 most valued firms surged Rs 1,21,270.83 crore last week, with Reliance Industries becoming the biggest gainer, in line with an outstanding rally in benchmark equity indices. Last week, the BSE benchmark jumped 1,027.54 points or 1.21 per cent. The BSE Sensex hit its record high of 85,978.25 on Friday.
IPO rush: 8 cos looking to raise Rs 60K cr in Oct-Nov (29-09-2024)
The primary market will remain abuzz with more than half a dozen companies, including Hyundai Motor India, Swiggy, and NTPC Green Energy, lined up initial public offerings over the next two months to raise around Rs 60,000 crore, merchant bankers said. Apart from these three firms, Afcons Infrastructure, Waaree Energies, Niva Bupa Health Insurance, One Mobikwik Systems, and Garuda Construction are among the companies planning to launch initial public offerings (IPOs) during October-November, they added. Together, these firms are looking to raise Rs 60,000 crore through their IPOs.
Raghuram Rajan’s recipe for generating jobs (29-09-2024)
With 7 per cent economic growth, India is not creating enough jobs as reflected by the number of applicants for vacant posts in some states, Reserve Bank’s former governor Raghuram Rajan said and suggested the government needs to focus on promoting labour-intensive industries to generate employment. Rajan further said some Indians, especially those at upper level, are comfortable and have high incomes, but consumption growth from the lower half of the country has still not recovered to pre-pandemic level.
How Sensex, Nifty will fare this week (29-09-2024)
Global trends, trading activity of foreign investors and domestic macroeconomic data announcements would dictate terms in the equity market in a holiday-shortened week ahead, analysts said. Equity markets would remain closed on Wednesday for Gandhi Jayanti. “Looking ahead, it will be interesting to monitor Foreign Institutional Investors (FIIs) and their flow into India.