Bank stocks selloff drags down Nifty from all-time high

New Delhi (IANS) The Nifty reached a new record high of 19,567 intraday on Thursday, but couldn't hold on due to selling pressure, resulting in a significant decline by the end of the day, said Rupak De, senior technical analyst at LKP Securities.

Tesla car for Rs 20 lakh in India still a distant dream, say experts

New Delhi (IANS) As reports surfaced on Tesla considering a cheaper Model 3 in India around Rs 20 lakh as it mulls bringing its supply chain ecosystem to the country in the near future, industry experts on Thursday said achieving this price range…

Signs of overheating in small cap stocks

New Delhi (IANS) There are signs of overheating in the small-cap space. Some leading mutual funds in the small-cap segment have stopped fresh lump sum investment in their schemes, says V. K. Vijayakumar, Chief Investment Strategist at Geojit Financial…

Mazagaon Dock Shipbuilders up almost 9% in trade

New Delhi (IANS) Mazagaon Dock Shipbuilders stock was up almost 9 per cent in trade on Wednesday as defence sector stocks are in the limelight in anticipation of orders.

Mazagaon Dock was quoting at Rs 1,730 on BSE, up 8.9 per cent.

In…

Delhi HC allows cash-strapped Go First to carry out maintenance of on-lease aircraft

New Delhi (IANS) The Delhi High Court on Wednesday allowed cash-strapped Go First airline to carry out maintenance of its on-lease aircraft and permitted the lessors to inspect the planes at regular intervals as per a single-judge bench's order.

Retail inflation rises to 4.81% in June as food prices shoot up

New Delhi (IANS) India's retail inflation, which is measured by the Consumer Price Index (CPI), rose to 4.81 per cent in June following a huge spike in food prices.

Food inflation stood at 4.49 per cent in June, as per data released on…

Markets appear capped due to elevated valuation of Indian equities, increasing Fed rate estimate

New Delhi (IANS) Indian stock market appears to be capped in near term given elevated valuation and increasing US Federal Reserve rate estimate in CY24 due to hawkish US Fed commentary, sticky US core inflation with buoyant wage growth, Antique Stock…

Foxconn working on application seeking incentives under India's semicon policy

New Delhi (IANS) Taiwanese manufacturing giant Foxconn on Tuesday said it is working on an application to access incentives under India's semiconductor manufacturing policy, a day after pulling out from its $19.5 billion joint venture with Vedanta.

HP aims 75% circularity for products and packaging by 2030

New Delhi, (IANS) PC and Printer Major, HP, which recently launched its Sustainable Impact Report 2022, claims to design and innovate products and services that contribute to a more circular economy and reduce environmental impact.

In 2022,…

28% GST to be levied on full value of online gaming, horse racing, casinos

New Delhi (IANS) In a setback to online gaming companies, the GST Council on Tuesday decided that there will be a 28 per cent GST levy on full value of gaming, horse racing, and casinos.

Among other issues, the Council approved exemption of…