Indian Market News

In a favorable development, Suzlon Energy successfully contested a ₹172.76 crore penalty levied by the National Faceless Penalty Centre of the Income Tax Department. The Income Tax Appellate Tribunal (ITAT) overturned the penalty, which pertained t

The Indian equity markets in 2024 witnessed significant volatility, marked by a sharp correction after a prolonged bull run. The early months of the year were characterized by robust corporate earnings and strong macroeconomic trends, driving the Nif

Foreign portfolio investors (FPIs) have significantly altered their investment strategy in secondary markets. In early December, FPIs invested approximately $1.7 billion in these markets but shifted gears in the latter half, selling around $1.77 bill

ITC is set to transfer ₹1,500 crore in cash and cash equivalents to ITC Hotels, providing significant financial support for growth initiatives and contingency planning ahead of the demerger scheduled to take effect on January 1, 2025. This allocati

International brokerage Citi Research has expressed optimism about Vodafone Idea and Indus Towers, citing the recent waiver of bank guarantees by the Department of Telecommunications (DoT) as a game-changing reform for the telecom sector. The waiver

Shares of Reliance Power Ltd garnered attention on Monday morning after the company disclosed to stock exchanges, BSE and NSE, that its subsidiary, Rosa Power Supply Company, had formalized definitive agreements on December 27. These agreements facil

The share price of Ola Electric Mobility declined by over 3%, reaching ₹87.35 during early trading on Monday, December 30, following the resignation of two senior executives: Chief Marketing Officer (CMO) Anshul Khandelwal and Chief Technology and

Vodafone Idea (Vi) shares surged by 7% after the Department of Telecommunications (DoT) waived the requirement for bank guarantees worth Rs 33,000 crore for past spectrum auctions. This move primarily benefits Vodafone Idea, which urgently needs fund

Jitendra Bagga has resigned from his position as Vice-President of Central Operations at Zepto after a nine-month tenure, according to sources cited by Moneycontrol. Bagga was responsible for overseeing mother hubs (MH) and line haul (LH) operations

The Securities and Exchange Board of India (SEBI) issued a circular on Friday introducing guidelines for the transfer and transmission of shareholding among immediate relatives and within specific types of intermediary firms. The aim is to simplify r

Global brokerage firm Morgan Stanley has initiated coverage on Zinka Logistics Solutions Ltd, assigning it an "underperform" rating and a target price of ₹450 per share, implying a downside potential of approximately 16% from its previous session's

The equity market saw a modest recovery during the week ending December 27, closing with nearly 1% gains. Despite this rebound, the week was largely range-bound, influenced by the holiday season and the absence of significant domestic or global trigg