More pain likely in small and mid-cap stocks

New Delhi (IANS) Market experts have been repeatedly warning of froth in the mid-and small-cap segments.

And, the fear of sharp correction in this space has finally happened with 4.10 per cent correction in the Nifty small-cap index and 3.07…

Mutual funds increase weightage in technology, metals, consumer durables sectors

New Delhi (IANS) In August, mutual funds showed an interest in technology, metals, consumer durables, and chemicals leading to a month on month rise in their weights, according to a report by Motilal Oswal Financial Services.

Conversely, private…

Historic closing high for Nifty above 20k

New Delhi (IANS) Bulls successfully regained control from bears, pushing Nifty back above the 20,000 mark. Notably, it closed above this threshold, marking a historic closing high for Nifty, says Rupak De, Senior Technical analyst at LKP Securities.

Tesla aims to source automobile parts worth up to $1.9 billion from India this year, says Piyush Goyal

New Delhi (IANS) Electric vehicle major Tesla Inc plans to source automobile parts worth up to $1.9 billion this year from India, Commerce Minister Piyush Goyal said on Wednesday.

The imports will be around double as compared to auto parts…

Setback for Torrent as NCLT rejects its plea in the Reliance Capital resolution matter

Mumbai (IANS) In a setback for Torrent Investment, the NCLT's Mumbai bench has rejected its plea seeking a stay on the ongoing resolution process of Reliance Capital.

The NCLT will now hear the Reliance Capital resolution plan approval…

Strong bull run has further scope of upside movement in coming days

New Delhi (IANS) Nifty witnessed a strong session to create history touching the psychological and important 20,000 landmark during the intraday session ending on a positive note with much upside potential visible from here on till 20,400 levels as…

Coal India to invest Rs 24,750 crore on eco-friendly transportation

Chennai (IANS) Public sector major Coal India Ltd (CIL) has chalked out Rs 24,750 crore investment for eco-friendly transportation of coal on 61 first mile connectivity (FMC) projects.

The three phased investment project when completed will…

India, Saudi Arabia to set up investment promotion offices in respective nations

New Delhi (IANS) Under the India-Saudi Arabia investment forum 2023, both the nations have decided to set up investment promotion offices in their respective nations.

This would encourage Saudi sovereign wealth funds to consider direct investments…

SpiceJet disburses Rs 100 cr to Kalanithi Maran as part of arbitral award

New Delhi (IANS) SpiceJet has paid Rs 100 crore to Kal Airways promoter Kalanithi Maran, as part of a Rs 380 crore arbitral award order, following a directive from the Delhi High Court, instructing the low-cost airline to fulfill the payment obligation.

Retail inflation slides to 6.83% in August

New Delhi (IANS) India's retail inflation measured by consumer price index (CPI), fell to 6.83 per cent in August against 7.44 per cent in July, as food inflation lowered to 9.94 per cent in August from 11.51 per cent in July.

The retail…