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…

Modified Pradhan Mantri JI-VAN Yojana to boost advanced biofuel projects, bring more investment

New Delhi (IANS) In an effort to provide financial support to advanced biofuel projects and attract more investment, the Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the modified Pradhan Mantri JI-VAN Yojana. 

The scheme…

India to surpass China to become world’s largest 2-wheeler market in 2024

New Delhi (IANS) India is projected to surpass China this year to become the world’s largest two-wheeler (2W) market, a report said on Friday. The robust economic growth, consumer preference for 2Ws for short-distance commutes, and increasing 2W demand…

India’s domestic air passenger traffic grows 8.6 pc in July, international traffic up 16.7 pc

New Delhi (IANS) Domestic air passenger traffic in India witnessed a growth of 8.6 per cent (year-on-year) at 131.4 lakh in the month of July, compared to 121 lakh in the same month last year, a report showed on Friday. 

Moreover, the domestic…