Shares of One 97 Communications, the parent company of Paytm, surged 3.6% to ₹713.50 on the BSE during Tuesday’s trading session. The rally came after Paytm announced that its wholly owned subsidiary, Paytm Money, has received regulatory approval from the Securities and Exchange Board of India (SEBI) to operate as a registered Research Analyst. SEBI…
The euro strengthened on Friday following news that German political parties had reached a fiscal agreement that could boost defence spending and stimulate economic growth in Europe’s largest economy. Meanwhile, the U.S. dollar weakened against the euro but gained ground against the Swiss franc and Japanese yen, supported by optimism that the U.S. government will…
March 14 – Toronto: Canada’s main stock index surged on Friday, driven by strong performances in the technology and financial sectors, as Mark Carney was sworn in as the new Prime Minister of Canada. However, investor sentiment remained cautious amid concerns that the recent tariff-driven market selloff might not be over. The S&P/TSX Composite Index…
Asset management companies (AMCs) have been among the biggest beneficiaries of India’s rising equity penetration, especially in the post-pandemic years. Over the past five years, their assets under management (AUM) have surged over 200%, and in the last two years alone, AMC stocks have delivered impressive returns. However, the current market correction has put mutual…
Asset management companies (AMCs) have been among the biggest beneficiaries of India’s rising equity penetration, especially since the pandemic. Over the past five years, their assets under management (AUM) have surged more than 200%, and in the last two years alone, stocks of these companies have delivered impressive returns. However, recent market corrections have brought…
Oil prices snapped a seven-week losing streak as US equity markets rebounded and peace talks between Russia and Ukraine hit roadblocks, dampening expectations of Russian crude returning to global markets soon. West Texas Intermediate (WTI) crude gained nearly 1%, settling above $67 per barrel, while Brent crude edged higher but remained just below $71 per…
Mumbai, March 13: Shares of Mahanagar Telephone Nigam Ltd (MTNL) skyrocketed 18.4% in early trade on the BSE, reaching a day’s high of ₹51.30 on Thursday. The surge came after the company’s earnings of ₹2,134.61 crore from land and building asset monetization were disclosed in Lok Sabha by Minister of State for Communications Pemmasani Chandra…
New Delhi, March 13: Shares of NTPC Green Energy Ltd will be in focus on Thursday after its subsidiary, NTPC Renewable Energy Ltd, announced the commercial operation of the second and final phase of its 105 MW Shajapur Solar Project in Madhya Pradesh. Shajapur Solar Project Now Fully Operational In an exchange filing, NTPC Green…
Singapore, March 12 (Reuters): The euro soared to a five-month high on Wednesday as Ukraine signaled readiness to accept a month-long ceasefire, boosting investor sentiment. However, global stock markets remained volatile due to uncertainty over U.S. tariff policies and concerns about a U.S. economic slowdown. European Markets React to Ceasefire Talks Following news that Ukraine…
Mumbai, March 11: Shares of Anupam Rasayan India Ltd. climbed nearly 3 per cent in early trading on the Bombay Stock Exchange (BSE) on Tuesday despite a weak broader market sentiment. The surge came after the company announced a major ₹922 crore Letter of Intent (LOI) with a leading Korean multinational company (MNC). Stock Performance…