Market Opening Boosted by Soft US CPI Data Indian stock market represented by Sensex and Nifty 50 opened on positive note on 16 May, pushed by news of lower than expected US inflation. This development driven rise in key US indices like S&P 50

In April 2024, US inflation rose less than expected signaling a downward trend. According to the Bureau of Labor Statistics, Consumer Price Index or CPI increased by 0.3% sequentially. Annually, CPI rose by 3.4% following 3.5% rise in March. This mar

ICICI Securities delisting process encountered another setback as the National Company Law Tribunal or NCLT opted to postpone the case until July. This delay arose due to concerns voiced by minority shareholders regarding potential privacy breaches a

Siemens a leading industrial product and solutions company in India surged over 7% on 15 May reaching a 52 week high of ₹7,240 per share on the National Stock Exchange. This surge was fueled by the company's impressive performance in the March quar

The Insurance Regulatory and Development Authority or IRDA has approved the transfer of shares in Reliance Capital’s insurance subsidiaries to the Hinduja Group’s Aasia Enterprises. This move is a crucial step towards resolving the Reliance Capit

Shares of Cipla soared by 4% in opening trade on 15 May, following three block deals on the exchanges. Approximately 2.04 crore shares constituting a 2.53% stake in the pharmaceutical company were traded in these deals. Parties Involved and Financ

MSCI has made important adjustments to its Global Standard Index in its May 2024 review, by adding 13 new stocks. These additions include: Canara Bank JSW Energy NHPC Indus Towers Phoenix Mills PB Fintech Sundaram Finance Bosch

Cochin Shipyard's share price gained more than 9% in morning trades on Tuesday. This surge follows the announcement of an order from a European client for the construction of a Hybrid Service Operation Vessel or SOV. The order revealed post market ho

Shriram Finance witnessed a surge in its shares climbing over 5% to reach ₹2,419 per share on May 14. This uptick came after the company's board gave the green light for the complete sale of its housing finance arm Shriram Housing Finance or SHFL t

Zomato the popular food delivery platform saw its shares take a dip of 6% in early trade on Tuesday following the release of its fourth quarter financial results. The company announced a consolidated net profit of ₹175 crore for Q4 FY24 marking a t

Varun Beverages a leading player in the beverage industry witnessed a surge of 5% in its share price on Tuesday following the release of its impressive first quarter earnings for the calendar year. The company's robust financial performance marked by

The integration of approximately 7,000 Vistara employees into Air India will commence in the coming months aiming for completion by the end of this year announced Campbell Wilson, CEO and Managing Director of Air India on Monday. This development ind