News that keep you updated
ITC shares slid to a three-year low of Rs 345.35 on Friday, extending a sharp two-day selloff that has erased about 14% of the stock’s value after the finance ministry announced a steep increase in cigarette taxes, triggering widespread analyst downgrades and renewed concerns over volumes and profitability.The Nifty heavyweight fell another 5% on Friday,…
The government on Friday announced a Rs 7,295-crore export support package aimed at improving exporters’ access to credit, comprising a Rs 5,181-crore interest subvention scheme and a Rs 2,114-crore collateral support measure, officials said.Both interventions will be implemented over a six-year period from 2025 to 2031 and form part of the Rs 25,060-crore Export Promotion…
Wall Street and major global equity markets began 2026 on an upbeat note on Friday, buoyed by optimism around artificial intelligence-led growth and strong gains in technology stocks, AP reported.In early trade, the S&P 500 rose 0.4 per cent, extending gains after closing 2025 with a rise of more than 16 per cent. The Nasdaq…
Tesla has lost its position as the world’s largest electric vehicle maker after deliveries fell for a second consecutive year in 2025, weighed down by intensifying competition and weakening demand in key markets, AP reported.The US electric carmaker said it delivered 1.64 million vehicles in 2025, a decline of 9 per cent from the previous…
Since the start of the Ukraine conflict in 2022, India has been the largest buyer of discounted Russian seaborne oil. (AI image) India is looking to seal a trade deal with the US and is monitoring weekly data on crude oil purchases from Russia and America, according to a Reuters report. Oil refiners have been…
India’s largest institutional investor, Life Insurance Corporation of India (LIC), has seen the value of its investment in ITC erode by Rs 10,445 crore over just two sessions, after the FMCG major’s shares plunged sharply following a steep hike in cigarette duties, ET reported.LIC held a 15.86 per cent stake in ITC, equivalent to about…
So the next time the market is falling and you feel the itch to stop your SIP, remember this: the feeling is normal, the action is costly. (AI image) Let me guess your SIP journey.You start with great enthusiasm. You’ve read about compounding, you’ve seen the long-term Sensex chart, you’ve promised yourself, “Yeh SIP toh…
India’s foreign exchange reserves rose by $3.293 billion to $696.61 billion in the week ended December 26, data released by the Reserve Bank of India showed on Friday, PTI reported.The overall reserves had increased by $4.368 billion to $693.318 billion in the previous reporting week, indicating a continued strengthening of the country’s external buffer.According to…
The year 2025 was a watershed year for the country’s primary markets. Companies from different industries lined up to list on the stock exchanges, thus raising a record Rs. 1.75 lakh crore through mainboard public issues, along with another Rs. 11,429 crore through SMEs.Although as the year ended, a different picture came up. Nearly half…
New supply of office space declined sharply in key property markets such as Delhi-NCR and Mumbai last year, even as demand for prime workspaces remained strong across India’s major cities, according to real estate consultant Colliers, PTI reported.Delhi-NCR saw a 15 per cent fall in new office supply in 2025, while Mumbai recorded a steeper…
