Rail Vikas Nigam (RVNL) and Vodafone Idea stand among 7 stocks granted seats at the MSCI’s Global Standard index while Bandhan Bank was excluded as part of the global index service provider’s August rejig. Due to this inclusion, RVNL is likely to attract passive fund inflows worth $219 million while Vodafone Idea may likely be … Read more
In September 2018, a meeting with Prime Minister Narendra Modi marked a pivotal moment for Sunil Bharti Mittal-led Bharti Airtel, which was grappling with a severe crisis at the time, according to the Bharti Group founder. Airtel was struggling due to the impact of free voice and data services provided by new entrant Reliance Jio … Read more
A meeting with Prime Minister Narendra Modi in September 2018 was the turning point in the life cycle of Bharti Airtel, which on May 27 crossed $100 billion in market capitalisation. Speaking to Romit Guha and Kiran Rathee, Sunil Bharti Mittal, chairman of Bharti Enterprises, the parent of Bharti Airtel, said the telco was an … Read more
Home Business Sensex Hits All-time High Of 75,582.28, Nifty Crosses 23,000 Mark For First Time BSE Sensex rose by 164.24 points, reaching an all-time high of 75,582.28 in early trading. File Sensex Nifty All-time High: Equity benchmark index Sensex hit its all-time high of 75,582.28 in early trade on Friday. Meanwhile, Nifty crossed the 23,000 … Read more
Mumbai: Total market capitalisation of all stocks listed on the BSE surpassed $5 trillion briefly on Tuesday for the first time, making India the fifth country after the US, China, Japan, and Hong Kong to achieve this milestone. At the close of Tuesday’s trading, it stood at $4.97 trillion (₹414.62 lakh crore). The trillion-dollar market-cap … Read more
The primary market is witnessing a tremendous surge in activity with high liquidity and enhanced investor appetite for new issue launches irrespective of the market sentiments. Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected … Read more
A stellar run by domestic equities in FY24 saw the market capitalization of 25 companies rise by atleast Rs 1 lakh crore in a year. Of this, 17 of them are part of benchmark Nifty 50. The Nifty has gained nearly 29% in FY24 and it also tested a lifetime high after a muted show … Read more
Shares of Maruti Suzuki India (MSIL) jumped 4% on Wednesday to hit a fresh 52-week high of Rs 12,722.70 on the NSE. The company also entered the coveted club of stocks with a market capitalisation of Rs 4 lakh crore. Currently, there are 13 other stocks with a market capitalisation of Rs 4 lakh crore … Read more
Mumbai: Shriram Housing Finance will receive flows worth $260 million as part of its inclusion into the Nifty on March 28, according to a brokerage Nuvama Research. UPL, which is being excluded from the benchmark index, could see outflows to the tune of $95 million. The rejig will take place on March 28, but the … Read more
The initial public offering (IPO) of Bharti Hexacom will open for subscription on April 3 and close on April 5. The company has fixed a price band of Rs 542-570 per share. The anchor book of the first public issue of the new financial year FY2024-25 will be open for a day on April 2. … Read more