Sensex falls 306 pts; Nifty holds 16,600; Zomato cracks 11%, RIL 3%

CLOSING BELL: Among sectors, the Nifty Auto fell 1.7 per cent, while the Nifty Metal added 1.5 per cent

3:31 PM

China seals off iPhone maker CNOOC in Shenzhen to battle Covid-19

The lockdown comes as China narrowly escaped an economic contraction in the June quarter, when a series of rolling lockdowns shut businesses nationwide, eroded employment and hurt consumer spending. Read more

3:23 PM

VC funding dips in India in Q2 as investors focus on cash preservation

VC investment in India dipped in the April-June quarter (Q2) as investors shifted their focus to cash preservation in anticipation of funding becoming less easy to obtain over the next few quarters. Read here

3:14 PM

RBI 'correct' to use FX reserves to tackle rupee volatility: Econ adviser

The RBI is justified in using the country's foreign exchange reserves to smooth out volatility in the rupee's moves against the dollar, a member of the Economic Advisory Council said. Read here

3:03 PM

Chip crunch, high RM to dent Bajaj Auto's margins in Q1FY23, say analysts

Analysts, on average, expect the revenue to fall up to 7 per cent quarter-on-quarter (QoQ) to Rs 7,416 crore in Q1FY23. READ MORE

2:53 PM

Singapore's inflation rises to 6.7% in June, highest in 14 years

2:43 PM

Mixed trade for European markets

2:30 PM

Canara Bank Q1 net up 71.8% YoY to Rs 2,022 cr on higher interest income

Sequentially, its net profit rose 21.4%; lender's treasury income rises despite hardening yields. READ MORE

2:19 PM

Sooner or later, US recession will come knocking at India's tech-hub door

India's tech industry is ruling out a US recession. Or so you would think from Infosys Ltd.'s cheery forecast of 14 per cent to 16 per cent annual revenue growth. READ MORE

2:08 PM

Gokaldas Exports extends gains, up 8% in two days post June quarter results

Despite near term headwinds, the management anticipate good growth in FY23 and a surge from FY24. READ MORE

 

2:00 PM

Blue Dart revs up for growth with more planes, greater geographical reach

Logistics major Blue Dart is looking to expand its fleet adding Boeing 737 aircraft to its fleet as it looks to increase its geographic presence and scale and gain more from the burgeoning e-commerce sector. READ MORE

1:54 PM

BSE 500:: Volume Shockers

Nuvoco Vistas has witnessed unusually high volume of around 38 lakh shares so far on Monday on the BSE as against its five-day average volume of around 18,650 shares. Similarly, Navin Fluorine International, Poly Medicure, Zomato and Century Textiles have also witnessed a significant spike in volume in trades.

1:47 PM

Govt's cryptocurrency stance: Heads I win, tails investors lose

The government has laid out clear rules on taxation of cryptocurrencies but has not said anything on what happens in cases of fraud. READ MORE

1:41 PM

Jio, Airtel poised to gain at Vodafone Idea's expense in 5G auction

With a war chest of around Rs 1.75 trillion (or 90 per cent of the total) for the upcoming 5G auction on Tuesday, Reliance Jio and Bharti Airtel are well positioned to accelerate their share in the market and revenue at the expense of Vodafone Idea (VIL), say most analysts. READ MORE

1:30 PM

Attrition continues to hit margins at top-tier IT companies in Q1FY23

A quick look at the Q1FY23 performance of top-tier IT services players shows that they are still far away from getting a grip on managing attrition. Talent retention has eroded not only their margins but also any gains they may have made from rupee depreciation. READ MORE

1:20 PM

Prashant Jain quits HDFC AMC: Here's how the stock looks on the charts

Shares of HDFC AMC had rallied significantly post its debut in July 2018. However, after hitting a peak at Rs 3,681 in November 2019, the stock has since then declined over 50 per cent. READ MORE