Business Standard

Thursday, December 26, 2024 | 12:41 AM ISTEN Hindi

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Sensex slips 251 pts ahead of inflation data; SBI, IT shares fall

CLOSING BELL: The NSE Nifty 50 ended 86 points lower; Broader indices log deeper cuts. Adani Group shares fall again.

Image SI Reporter New Delhi
Traders, brokers, markets, stocks, shares, investments, funds

9:10 AM

Pre-Open Session :: Nifty in green

9:08 AM

Pre-Open Session :: Sensex dips 30 pts

9:05 AM

Commodity Heatmap :: Silver down around 0.5%, Crude oil 0.3%

9:02 AM

Rupee Opening :: Rupee starts 18 paise weaker at 82.68/$

8:59 AM

FPIs' exodus continues; take out Rs 9,600 cr from equities in Feb

"I expect this flow (outflow) trend to continue until there is more clarity on the Adani issue, markets stabilize further and FPIs see more concrete signs of recovery in the Indian economy," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said. READ MORE

8:56 AM

Statsguru :: India's telecom industry is lurching towards a duopoly

The government’s decision to take an equity stake in Vodafone Idea in lieu of the interest it owed on spectrum and other liabilities may only be a temporary reprieve amid rising concentration in the telecommunications sector. READ MORE

8:53 AM

No breach of law by entities being linked to Adani Group: Mauritius

In its preliminary investigation, the securities market regulator of Mauritius has not found any breach of law by the 38 global companies and 11 funds being associated with Adani Group after the Hindenburg report disclosures, Financial Services Commission (FSC) Chief Executive Dhanesswurnath Vikash Thakoor told Business Standard. READ MORE

8:51 AM

Vodafone Idea in talks with banks to refinance Rs 3-4k crore loans: Report

This is expected to free up some cash for the telco, which needs to pay urgently to Indus Towers, Nokia and Ericsson. In September this year, Vi must pay Rs 9,600 crore worth of debt to different lenders. It owes Rs 7,000 crore to Indus Towers alone. As of September 2022, its total debt stands at Rs 2.2 trillion. READ MORE

8:47 AM

Greenko lowest bidder for first green hydrogen tender by oil refinery

The first green hydrogen manufacturing project by an oil refinery in the country is likely to be concluded, two years after it was floated by Numaligarh Refinery for producing green hydrogen of capacity 300 Kg per hour (2.4 KTPA). READ MORE

8:44 AM

WATCH :: Which risks did the Q3 earnings season highlight for India Inc?

8:41 AM

ALERT :: Coforge enters into strategic partnership with Denodo

Coforge Limited announced its partnership with Denodo, a leading data integration, management and delivery platform, to enable banks and other financial organizations to engage in agile modernization projects without affecting daily operations.

Click here to read statement.
8:38 AM

Three Adani Group companies pledge additional shares for SBI: Report

As many as 75 lakh more shares of APSEZ have been pledged, taking the total to 1 per cent of all shares with SBICAP. In the case of Adani Green, pledge of 60 lakh more shares took the total to 1.06 per cent. Pledge of 13 lakh more shares of Adani Transmission took the total to 0.55 per cent, the filings showed. READ MORE

8:35 AM

Barings PE may sell some stake in Coforge for up to Rs 2,600 cr: sources

In April 2019, Barings Private Equity Asia had signed an agreement to buy about 30 per cent stake in Coforge on a fully-diluted basis from promoter entities at a price of Rs 1,394 per share. The aggregate deal was Rs 2,627 crore ($381 million). Barings later launched an open offer to increase its stake READ MORE

8:32 AM

YES Bank, PolicyBazaar added to FPI cart in October-December quarter

Foreign institutional investors raised their stake in YES Bank by 11 percentage points (ppt), in PolicyBazaar owner PB Fintech by 10.8 ppt, and Servotech Power Systems by 9.4 ppt. Conversely, FPIs pruned their stake in Gayatri Projects by 10.09 ppt and NDTV by 9.4 ppt. READ MORE

8:29 AM

BS Special :: Will the Adani crisis affect India's infra ambitions?

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First Published: Feb 13 2023 | 8:02 AM IST