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Sensex falls 942 points as Reliance, banking shares face heavy selling

Sensex falls 942 points as Reliance, banking shares face heavy selling

The Sensex fell 942 points to hit a three-month low, and the Nifty closed below 24,000, impacted by significant selling in Reliance and banking shares. Uncertainty around global events and continuous foreign outflows added to the market’s decline.

04 November,2024 04:14 PM IST | Mumbai
SEBI proposes changes for REITs and InvITs, allowing interest rate derivatives

SEBI proposes changes for REITs and InvITs, allowing interest rate derivatives

The Securities and Exchange Board of India (Sebi) proposes new regulations for Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), allowing the use of interest rate derivatives for hedging risks and enhancing financial stability.

03 November,2024 02:37 PM IST | New Delhi
Closing bell: Sensex and Nifty fall on selling in banking and financial stocks

Closing bell: Sensex and Nifty fall on selling in banking and financial stocks

The Sensex and Nifty indices declined on Wednesday, pressured by selling in banking and financial stocks, along with weak trends in global markets and continued foreign fund outflows.

30 October,2024 04:15 PM IST | Mumbai
Pranav Chawda to take over as CEO of J P Morgan Chase Bank India

Pranav Chawda to take over as CEO of J P Morgan Chase Bank India

Pranav Chawda has been named the new CEO of J P Morgan Chase Bank India, with responsibilities extending to both corporate and commercial banking. The move follows approval from the Reserve Bank of India.

23 October,2024 01:17 PM IST | Mumbai
Kotak Mahindra Bank shares tumble nearly 7% after Q2 earnings disappointment

Kotak Mahindra Bank shares tumble nearly 7% after Q2 earnings disappointment

Shares of Kotak Mahindra Bank fell nearly 7% after the bank's September quarter earnings report failed to meet investor expectations. Despite a 13% increase in overall profit, the standalone net profit grew by only 5%, impacted by higher provisions.

21 October,2024 12:20 PM IST | Mumbai | PTI
Stock Market opens in green for 2nd consecutive day; investors eye Hyundai IPO

Stock Market opens in green for 2nd consecutive day; investors eye Hyundai IPO

On Monday, the domestic market closed around its daily high, sustaining its bullish momentum

15 October,2024 12:03 PM IST | Mumbai | mid-day online correspondent
Markets rise in early trade on positive global cues

Markets rise in early trade on positive global cues

The top Sensex performers included Larsen & Toubro, JSW Steel, HDFC Bank, Tech Mahindra, Adani Ports & SEZ, IndusInd Bank, NTPC, and Infosys

14 October,2024 12:36 PM IST | Mumbai | mid-day online correspondent
PM Modi's monopoly model has taken away jobs, devastated MSMEs: Rahul

PM Modi's monopoly model has taken away jobs, devastated MSMEs: Rahul

"'Modi ji's monopoly model' has taken away jobs, devastated MSMEs and deprived people of opportunity," the former Congress chief said.

28 September,2024 09:25 AM IST | New Delhi | PTI
Fund cited by Hindenburg not domiciled in Mauritius, says Mauritian regulator

Fund cited by Hindenburg not domiciled in Mauritius, says Mauritian regulator

The Mauritian regulator also clarified that the fund 'IPE Plus' cited by the US short seller is not a licensee of the FSC Mauritius

14 August,2024 08:44 AM IST | New Delhi | ANI
Bill to provide up to four nominees to a bank account introduced in LS

Bill to provide up to four nominees to a bank account introduced in LS

The Banking bill also allows for the transfer of unclaimed dividends, shares, interest, or redemption of bonds to the Investor Education and Protection Fund (IEPF). This enables individuals to claim transfers or refunds from the fund, safeguarding investors' interests.

09 August,2024 03:08 PM IST | Delhi | PTI

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