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Eight Nifty200 stocks, including DLF, Tata Communications, and Voltas, closed above their 200-day moving averages on September 15, signalling a potential uptrend.
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ama Stays & Trails expands with its 150th bungalow. The new property, Anand Bhawan Palace, opens in Kannauj, Uttar Pradesh. This marks the brand’s entry into the state. The palace, originally built in 1929, features six suites. Each suite is named after perfumes of Kannauj. The opening caters to rising demand for private stays.
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Gold prices surged to a record high on Tuesday, buoyed by a weakening dollar ahead of the Federal Reserve’s anticipated policy meeting. Expectations of a near-certain interest rate cut by the Fed further fueled the rally. Meanwhile, SPDR Gold Trust reported an increase in its holdings, reflecting growing investor confidence in the precious metal. Elsewhere,...
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U.S. stock indexes closed higher on Monday, with the S&P 500 and Nasdaq reaching record highs as investors anticipate the Federal Reserve’s policy meeting. Tesla’s stock surged following Elon Musk’s acquisition of nearly $1 billion worth of shares, while Alphabet surpassed a $3 trillion market capitalization. The market anticipates a potential rate cut, influenced by...
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Markets closed slightly lower after a recent rally, with several companies in focus due to new developments. Adani Enterprises secured a significant ropeway project, while Sanghvi Movers received substantial work orders. Vodafone Idea’s petition regarding AGR dues is set for a Supreme Court hearing, and NTPC Green commenced solar production in Gujarat.
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BYD, the Chinese electric vehicle maker, is facing challenges. Investor confidence is low after a significant stock selloff. Concerns are rising about BYD’s ability to compete in China’s intense price war. Rivals like Geely Automobile and Zhejiang Leapmotor are gaining ground. BYD has lowered its vehicle delivery target for the year.
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The Reserve Bank of India has released revised guidelines for payment aggregators to bolster consumer protection and combat fraud. These guidelines mandate a board-approved dispute resolution policy with clear refund timelines, robust data security, and fraud prevention systems.
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SEBI’s revised listing rules are poised to benefit Reliance Industries’ Jio Platforms, potentially streamlining its planned IPO in early 2026. The reduction in minimum IPO size for large companies and extended deadline for public shareholding requirements ease concerns about valuation discounts. This allows Jio Platforms to offer fewer shares initially, facilitating easier investor absorption and...
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Anand Rathi Share and Stock Brokers plans a ₹745-crore IPO launch this month. This marks the second company from the financial services group to enter the primary market. The IPO consists entirely of a fresh share issue. The company intends to allocate ₹550 crore from the proceeds to meet long-term working capital needs.
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