SpiceJet posts 20 per cent decline in Q1 net profit at Rs 158 crore

New Delhi (IANS) Low-cost carrier SpiceJet Ltd on Wednesday reported a 20 per cent decline in its consolidated net profit at Rs 158 crore in the April-June quarter of the current financial year from Rs 198 crore in the same period of the previous…

Indian ports see bunker, ship-to-ship calls up 64 pc in Jan-July period

New Delhi (IANS) Bunkering activity in India experienced significant growth during the first seven months this year, with the total number of bunkering and ship-to-ship (STS) calls to domestic ports increasing by 64 per cent (year-on-year), a report…

India’s defence exports shoot up by 78 pc in April-June

New Delhi (IANS) India’s exports of military hardware have recorded a 78 per cent jump to Rs 6,915 crore in the April-June quarter of the current financial year (2024-25) from Rs 3,885 crore in the same quarter of 2023-24 reflecting the continuing…

Sensex trades lower as RIL and ICICI Bank drag

Mumbai (IANS) Indian stock indices opened lower on Monday as heavyweights like RIL and ICICI Bank emerged as the top losers in the morning trade. 

At 9:48 a.m., Sensex was down 325 points or 0.41 per cent at 79,353 and Nifty was down 115 points…

Emkay Global gives Adani Green Energy 'buy' rating, target price of Rs 2,550 per share

Mumbai (IANS) Adani Green Energy Ltd (AGEL) has shown remarkable growth with its operational renewable energy (RE) capacity expanding at a 41 per cent CAGR over the past five years, brokerage firm Emkay Global said on Monday, initiating coverage on…

India's CPI inflation eases to 59-month low of 3.54 per cent

New Delhi (IANS) India's consumer price inflation slowed to a 59-month low of 3.54 per cent in July this year compared to the same month of the previous year to fall below the RBI’s medium-term target of 4 per cent for the first time in close…

Hindenburg report fizzles out, investors’ trust remains in stock markets

Mumbai (IANS) Indian investors rejected the latest Hindenburg allegations against SEBI Chairperson Madhabi Puri Buch and her husband, Dhaval Buch, as the benchmark indices ended largely flat on Monday, against the predictions of many, including Leader…

Latest Hindenburg allegations ‘malicious’ and no more than red herrings: Adani Group

Ahmedabad (IANS) The Adani Group on Sunday vehemently rejected the latest allegations by Hindenburg Research as “malicious, mischievous and manipulative selections of publicly available information" to arrive at "pre-determined conclusions for personal…

Hindenburg report on SEBI chief amounts to another hit job, say economists and experts

New Delhi (IANS) The latest report by US-based short-seller Hindenburg Research taking a shot at SEBI chief has been rubbished by economists as well as financial experts as baseless, mala-fide and motivated. 

Some of the country’s leading financial…

Direction of Indian stocks to be influenced by global markets: Experts

New Delhi (IANS) As the Indian stock markets experienced a marginal recovery from the uncertainties stemming from weak global cues last week, the direction of the benchmark indices will be influenced by international markets going forward, experts…