Latest business news
Global investment firm Goldman Sachs has adopted a more optimistic view on Indian financials, suggesting that the worst may be behind for the sector. In a recent report, the brokerage highlighted early signs of improvement in asset quality and operating profitability, prompting it to upgrade select banking and financial names based on earnings visibility and…
The Indian stock market benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, tracking positive cues from global markets. The trends on Gift Nifty also indicates a gap-up start for the Indian stock market. Adani Ports & SEZ, Reliance Industries, State Bank of India (SBI), Vedanta, Tata Power, and ICICI Bank,…
The arrest of absconding jeweller Mehul Choksi in Belgium over the weekend has brought the spotlight back on the ₹14,000-crore scam that hit Punjab National Bank (PNB) back in 2018. Choksi, along with his nephew Nirav Modi, is a key accused in one of the largest financial frauds in Indian banking history, which they pulled…
Stock market today: The domestic benchmark indices, Nifty 50 and Sensex, dipped on Friday as technology shares continued their downward trend amid concerns that a recession in the US could impact growth potential. The Sensex dropped by 509.54 points to reach 75,785.82 during early trading, while the Nifty 50 decreased by 146.05 points to settle…
