The Indian rupee extended its losses, hitting a fresh low in afternoon trade on February 5, depreciating to 87.3763 against the US dollar. The decline comes amid weakening Asian equities, reflecting a broader risk-averse sentiment in the global finan
The State Bank of India (SBI) is planning to raise approximately ₹5,000 crore ($573.38 million) through Basel III-compliant additional Tier-I perpetual bonds before the end of February, according to three sources familiar with the matter. As per
The board of Info Edge, a company specializing in online classifieds and recruitment, has approved a stock split in a 1:5 ratio, as disclosed in an exchange filing on February 5. Following the announcement, Info Edge's share price saw an uptick of
Global asset managers have continued their record-breaking sell-off of Indian equities, driven by concerns over a worsening earnings slowdown and a broader shift away from emerging markets. According to Bloomberg data, foreign investors have offlo
A recent report by the National Stock Exchange (NSE) reveals that one in five Indian households is now connected to the stock markets. This shift comes as the total market capitalization of Indian companies has surged sixfold over the past decade.
Shares of Mahanagar Telephone Nigam Ltd. (MTNL) surged 20 to reach the upper circuit limit of ₹57.21 during morning trade on Wednesday, February 5. This sharp rise was driven by optimism surrounding its asset monetization strategy for FY26, follow
Amidst heightened volatility in Indian equities, with benchmark indices declining nearly 9 from their peak levels, the market could witness an influx of shares worth approximately ₹70,500 crore in February. This is due to the expiration of the loc
Brokers have been gearing up for the introduction of SEBI’s new algorithmic trading (algo trading) regulations, which aim to facilitate retail investors interested in algorithmic trading. However, before making significant investments in what could
Gold prices in India saw a sharp rise today, February 5, 2025, continuing the upward trend from yesterday. Currently, 22K gold is priced at ₹7,905 per gram, while 24K gold has surged to ₹8,624 per gram, breaching the ₹8,600 mark for the first t
On February 5, 2025, ITC Hotels Ltd. was removed from the 30-stock BSE Sensex, along with 22 other BSE indices, before the start of the trading session. According to a statement from Asia's oldest stock exchange, "As ITC Hotels did not reach the l
The new direct tax code, which is set to be introduced during the Budget session of Parliament and announced as part of the Union Budget 2025-26, is being prepared as a completely new legislation. Finance Secretary, Tuhin Kanta Pandey clarified in a
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) is set to begin its first meeting of 2025 today, February 4. This will be a crucial session as it marks the first MPC under the leadership of newly appointed RBI Governor Sanjay Malh
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