Indian Market News

The Securities and Exchange Board of India, or SEBI, has proposed a 30-day deadline for fund managers to allocate capital collected through mutual fund (MF) schemes during new fund offerings, or NFOs, with the aim of accelerating fund deployment.

SoftBank-backed food delivery firm Swiggy will open its initial public offering for its online business on Wednesday, 6 November 2024 for subscription. It would thus mop up up to ₹11,327.43 crores at the upper end. The company intends raising money

On Tuesday, Swiggy, the food and grocery delivery service filed a red herring prospectus with the market regulator for its initial public offering which will raise ₹11,300 crore. The company has reportedly increased its primary fund raise to ₹

Shares of Colgate Palmolive India sank nearly 5% on 25 October after the company’s second quarter results revealed lower-than expected profit margins. Though Colgate's net profit for the quarter rose by 16.2% year on year to ₹395.05

Shares of NTPC fell by over 3% in early trading on 25 October despite the state run power company reporting strong earnings for the quarter ending 30 September 2024, which beat market expectations. NTPC’s consolidated net profit for the second quar

Following the release of the institution's quarterly results after market hours on Thursday, shares of private sector lender IndusInd Bank Ltd. dropped as much as 18% on Friday, October 25. For the second quarter of FY25, IndusInd Bank reported a sha

On October 24, Nvidia CEO Jensen Huang announced a collaboration with Reliance Industries to build artificial intelligence (AI) infrastructure in India. The partnership was unveiled during the Nvidia AI Summit 2024, in a discussion between Jensen Hua

Paytm has received approval from the National Payments Corporation of India (NPCI) to resume onboarding new users onto its UPI platform, following a halt due to directives from the Reserve Bank of India (RBI). This decision allows Paytm to expand its

Indian stock indices opened on a positive note on Thursday, with both the BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) indices showing early gains. The BSE Sensex rose by 126 points or 0.16%, trading at 80,208, while the Nifty 50 cli

Indian stock markets opened on a flat note on Thursday as foreign institutional investors (FIIs) continued to offload Indian equities. The Indian stock indices BSE Sensex started the day at 80,098.30, and the NSE Nifty opened at 24,412.70. So far

Adani Power shares saw significant buying activity during Thursday morning trades following the announcement of the board meeting date of October 28, 2024, to review and approve the ₹5000 crore financing plan. The price of Adani Power's shares begu

Hindustan Unilever Limited (HUL) has announced its financial results for the second quarter of FY 2024-25, revealing a mixed performance. The company reported a net profit of Rs 2,612 crore, which represents a decline of 3.9% compared to Rs 2,717 cro