Mumbai, Feb 23 (IANS) Shares of IDFC First Bank hit the 20 per cent lower circuit on Monday after the lender reported fraudulent transactions worth about Rs 590 crore, allegedly committed by its employees at its Chandigarh branch.The stock fell to Rs 66.85, its intra-day low, down 20 per cent. The shares opened 10 per cent lower and later extended their losses. At 10:33 am, shares were trading at Rs 70.10, down 16.06 per cent on the day.The bank said the matter is confined to a set of Haryana go…
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Mumbai, Feb 21 (IANS) Shares of Suzlon Energy continued to remain under pressure with the stock falling nearly 50 per cent of its recent peak of Rs 86 per share.The stock was last seen around this level in May 2024 — reflecting cautious investor sentiment toward the counter that had earlier witnessed a strong rally between 2020 and 2024.On Friday, the company’s shares closed at Rs 44.38, down Rs 0.87 or 1.92 per cent, according to the official data.Over the last five days, the shares have dec…
Washington, Feb 21 (IANS) US President Donald Trump, lashed out at the Supreme Court after it struck down his use of a key tariff authority, calling the apex court’s verdict “deeply disappointing”, while announcing he would move immediately to other statutes — including a new “10 per cent global tariff” — that he said would keep his tariff programme intact. “The Supreme Court’s ruling on tariffs is deeply disappointing, and I’m ashamed of certain members of the court, absolutely ashamed, for n…
Mumbai, Feb 16 (IANS) Shares of Brainbees Solutions, which operates baby and mother care retailer FirstCry, came under heavy selling pressure on Monday, as the stock fell sharply by nearly 11.3 per cent to hit a fresh record low of Rs 236.8 apiece as investors reacted negatively to the company’s December quarter results.However, at the close of the trading session, it was down by Rs 30.35 or 11.25 per cent to trade at Rs 239.45.The company reported a wider net loss of Rs 39 crore in the third …
New Delhi, Feb 6 (IANS) India’s growth cycle is set to accelerate backed by reflation effort of the RBI and the government via rate cuts, bank deregulation and liquidity infusion, continuing capex, tax cuts and relatively stimulating budget, a Morgan Stanley report said on Friday.Thus, India’s hawkish macro set up post-Covid is now unwinding. The trade deals and thawing of relations with China add to the mix, the report mentioned.“Indian stocks enjoy a rare combination of inexpensive relat…
Mumbai, Feb 3 (IANS) Shiv Sena Uddhav Balasaheb Thackeray (UBT) on Tuesday claimed that Union Finance Minister Nirmala Sitharaman presented yet another budget in Parliament on February 1, which was a “magical collection of imaginary baits swapping the old unfulfilled promises for distant dreams of 2047”.The Thackeray camp in the party’s mouthpiece ‘Saamana’ editorial said, “While the government talked about 12 years of robust economic growth, the immediate aftermath of the 85-minute speech saw a…
New Delhi, Feb 1 (IANS) Leader of Opposition in the Lok Sabha, Rahul Gandhi, on Sunday criticised the Union Budget 2026-27, accusing the government of being disconnected from the country’s pressing economic and social challenges.In the response to the Budget, Gandhi said it had failed to address key issues confronting the nation, including unemployment, slowing manufacturing growth, capital outflows, declining household savings, and agrarian distress.”Youth without jobs. Falling manufacturing….
New Delhi, Feb 1 (IANS) Finance Minister Nirmala Sitharaman on Sunday announced a sharp hike in the Securities Transaction Tax (STT) on futures and options while presenting the Union Budget 2026-27 in Parliament.The move marks a significant increase in transaction costs for traders in the derivatives segment. Experts attributed intra-day’s stock market crash to hike in the charges.The STT on futures has been raised to 0.05 per cent from the earlier 0.02 per cent, amounting to a 150 per cent hike…
Mumbai, Jan 29 (IANS) Food delivery and quick commerce company Swiggy on Thursday reported a wider consolidated net loss of Rs 1,065 crore for the third quarter (Q3) of FY26, compared with a loss of Rs 799 crore in the same period last financial year (Q3 FY25).Despite the higher loss on a year-on-year basis, the company posted strong revenue growth, driven mainly by its food delivery and quick commerce businesses.Swiggy’s revenue from operations rose sharply by 54 per cent year-on-year (YoY) t…
Mumbai, Jan 20 (IANS) Indian electric vehicle maker Ola Electric Mobility Limited’s shares plunged more than 7 per cent on Tuesday after the company said its Chief Financial Officer Harish Abichandani had resigned and appointed Deepak Rastogi as his successor.“The Board approved the appointment of Deepak Rastogi as Chief Financial Officer of the Company, who would also be Key Managerial Personnel and part of Senior Management Personnel with effect from January 20, 2026,” the company said i…