RBI cuts growth forecast for FY22 to 9.5%

Mumbai (IANS) The Reserve Bank of India (RBI) has lowered its growth projection for the current financial year to 9.5 per cent from the previous estimate of 10.5 per cent.

Amid the severe second wave of Covid-19 and the lockdowns across states,…

Nifty record run continues, Sensex cross 52K

Mumbai (IANS) The Nifty50 on the National Stock Exchange continued to hit new highs and touched a fresh record high of 15,693.15 points on Thursday morning.

The Indian stock market traded in tandem with its Asian peers.

Around 10.30…

Sensex, Nifty settle at record closing highs

Mumbai (IANS) The key Indian equity indices surged to end at record closing highs on Thursday tracking a bullish trend in the global markets.

Decline in the daily cases of Covid-19 and strengthening of the Indian rupee supported the market…

Sensex down 300 points, banking stocks fall

Mumbai (IANS) The key Indian equity indices declined on Wednesday morning with the BSE Sensex losing over 300 points.

Heavy selling pressure was witnessed in banking, finance and IT stocks.

Decline in the index heavyweights Infosys and…

Nestle document says 60% of its food portfolio is unhealthy: Report

New Delhi (IANS) The worlds largest food company, Nestle, has acknowledged that more than 60 per cent of its mainstream food and drinks products do not meet a "recognised definition of health" and that "some of our categories and products will never…

Paytm's diversified businesses bring massive revenue, leave behind its competitors

New Delhi (IANS) Fintech giant Paytm's parent company One97 Communications Limited is headed for a $3 billion initial public offering (IPO), the highest ever market debut in India, and while the market leader has established its presence across…

Nifty turns flat after touching new high

Mumbai (IANS) The Nifty50 on the National Stock Exchange (NSE) gave up initial gains to turn flat after touching a new record high on Tuesday morning.

Nifty50 touched an all-time high of 15,660.75 earlier in the session.

Around 10.30…

TN govt finds Wipro's factory not following Covid SOPs, labour laws

Chennai (IANS) Tamil Nadu's Industrial Safety and Health Department has issued show cause notice to hydraulic cylinder maker Wipro Enterprises Pvt Ltd for violating Factories Act and allied labour laws at its plant near here.

The Department…

Crude, Covid weight heavy on airline sector: Ind-Ra

Mumbai (IANS) Rising crude oil prices, along with the impact of Covid's second wave, have substantially increased the challenges for India's airline sector, India Ratings and Research said.

"Ind-Ra believes challenges for the airlines…

Nifty at record high, crosses 15,500 for the first time

Mumbai (IANS) The Nifty50 on the National Stock Exchange recorded a new high on Monday as it crossed the 15,500 mark for the first time in its history.

It touched a record high of 15,508.50.

Around 10.56 p.m., Nifty was trading at 15,507.10,…