Category Archives: Business

MARKET LIVE: Sensex tumbles 1,000 points; India VIX surges 11%

By | February 26, 2021

LIVE market updates: The Indian markets dropped nearly 2 per cent in Friday’s morning deals, tracking similar feeble trend in the global markets amid contnued sell-off in bond markets. Volatility index, India VIX, meanwhile shot up 11 per cent. The S&P BSE Sensex tumbled 1,000 points and gave up 50,000 to hover around 49,980-mark. The Nifty50 index,… Read More »

MARKET LIVE: Sensex surges 400 points; Nureca lists at 59% premium

By | February 25, 2021

LIVE market updates: The Indian markets traded nearly 1 per cent higher in Thursday’s morning deals ahead of the February series derivative contracts expiry. Among the headline indices, the S&P BSE Sensex zoomed 400 points to 51,210 levels and the Nifty50 index reclaimed the 15,100-mark. Axis Bank rose 3 per cent and was the top Sensex gainer after… Read More »

Nava Bharat Ventures surges 15% as board to consider buy back proposal

By | February 24, 2021

Shares of Nava Bharat Ventures surged 15 per cent to Rs 67.30 on the BSE in the intra-day trade on Wednesday after the company announced that its board will consider share buyback proposal on Friday, February 26. The firm, on Tuesday after market hours, informed the stock exchanges that the meeting of the board… Read More »

Info Edge shares zoom 5% after Zomato raises another $250 million

By | February 23, 2021

Info Edge shares, on Tuesday, surged 5 per cent to Rs 5,250 in intra-day deals on the BSE after food delivery giant Zomato raised another $250 million in primary fundraise from existing and new investors. Info Edge, the nation’s leading job-hunting platform, also has investments in at least 23 startups, including Zomato. In a… Read More »

Jubilant Foods hits 52-wk high on Fides Food deal; analysts give thumbs up

By | February 22, 2021

Shares of Jubilant FoodWorks, the master franchise owner of Domino’s Pizza in India, surged 4.1 per cent and hit a fresh 52-week high of Rs 3,074 on the BSE on Monday after the company said it would fully acquire Netherlands-based Fides Food Systems Coöperatief U.A. via its wholly-owned subsidiary—Jubilant Foodworks Netherlands B.V. “We wish… Read More »

Coronavirus LIVE: India active cases rise; Maharashtra tally at 2,087,632

By | February 20, 2021

Coronavirus live updates: India registered 13,993 fresh Covid-19 cases of the coronavirus disease (Covid-19). Active cases in India have risen to 143,127, while the caseload tally has risen to 10,976,776. The country continues to be second-most-affected globally, and ranks 16th among worst-hit nations by active cases. A total of 10,715,204 vaccine doses have been given to beneficiaries. Maharashtra recorded 6,112… Read More »

India to contest Cairn arbitral award, other suits filed by firm: Sources

By | February 19, 2021

India will file an appeal against the Cairn arbitration award soon and will defend its sovereign rights to tax, sources said a day after Cairn Energy CEO Simon Thomson sought swift enforcement of the over-$1.2 billion award during his meeting with top finance ministry officials. Sources said the government will strongly contest other suits… Read More »

IndiaMART InterMESH shares surge 8% after launch of QIP issue

By | February 18, 2021

Shares of IndiaMART InterMESH, on Thursday, surged up over 8 per cent to Rs 9,298.90 in intra-day deals on the BSE after the company launched its qualified institutional placement (QIP) issue in order to raise funds. In an exchange filing on Wednesday, the company said, “The Fund Raise Committee of the Board (“Committee”), at… Read More »

MARKET LIVE: Sensex drops 200 pts; Nifty PSB up 5%, IT, pharma stocks slip

By | February 17, 2021

Stock market live updates: The Indian markets slid in Wednesday’s early deals after opening lower, tracking similar cues from their Asian peers. The S&P BSE Sensex fell 200 points at 51,870, and the Nifty50 index gave up the 15,300-mark. Nestle fell 3 per cent post the December quarter results and was the top Sensex laggard, followed by ONGC,… Read More »