Sensex snaps 4-day winning run, slips 150 pts; RIL gains 2%, Oil India 4.5%

CLOSING BELL: The Nifty IT, Bank, and FMCG indices dropped over 1 per cent each

1:15 PM

Dish TV-YES Bank saga throws non-retiring director puzzle into sharp relief

The tussle between Dish TV’s erstwhile promoters and YES Bank has brought into sharp focus the conundrum of ‘non-retiring’ directors at India Inc. READ MORE

1:08 PM

Sebi slaps heavy penalties in NSE 'dark fibre' case, bourse fined Rs 7 cr

NSE has been slapped with a penalty of Rs 7 cr, its former MD and CEO Chitra Ramkrishna, former Group COO Subramanian and current Chief BDO Ravi Varanasi Rs 5 cr each. READ MORE

1:02 PM

Shalimar Paints zooms 32% in one week on hopes of margin improvement

The improved liquidity position, increased reach and distribution network through Hella is expected to improve the operating margins of the company going forward. READ MORE

12:54 PM

BYJU's-owned WhiteHat Jr lays off 300 employees in latest round of job cuts

Online coding provider WhiteHat Jr, the beleaguered platform under edtech giant BYJU's umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned. READ MORE

12:47 PM

Asian Markets Update:: Major markets decline in the range of 1-2 per cent

Source: Yahoo Finance

12:39 PM

Trent, DMart: Retail stocks resilient amid market volatility; time to buy?

Retail and consumption related stocks were exhibiting strong trends on Wednesday, even as benchmark indices languished in the red amid tepid global mood. Shoppers Stop, Sapphire Foods India, and Trent advanced up to 2.5 per cent in intra-day trade, while Westlife Development, and Avenue Supermarts held decent gains. READ MORE

12:31 PM

BS Special:: What legacy Pallonji Mistry leaves behind?

Pallonji Mistry’s quiet demise was in tune with his reclusive nature. He diversified the Shapoorji Pallonji Group and built some of the country’s iconic buildings. Find  out more about his legacy. READ MORE

 

12:27 PM

BSE 500:: Top losers so far

AU Small Finance Bank has shed 7.4 per cent and was the top loser among the BSE 500 stocks so far. Route Mobile, EPL, Brightcom Group and Indiabulls Housing Finance were few of the other significant losers.

12:15 PM

BSE 500:: Top gainers so far

Aavas Financiers, MRPL and MMTC were the top gainers among the BSE 500 stocks, up nearly 6 per cent each. Alok Industries and Adani Transmission were the other major gainers so far on Wednesday.

12:08 PM

S&P BSE Sensex 30 Heatmap:: Reliance leads market recovery; HUL sags

12:01 PM

S&P BSE Sensex off day's low, still down 180 points

11:56 AM

Orient Bell zooms 18% on upward revision in credit ratings by Crisil

The company said the growth in the tiles market will continue to be driven by growth in real estate and housing sector, rise in disposable income, growth in renovation & remodelling activities. READ MORE

11:46 AM

Mukesh Ambani's daughter Isha set to be named chairperson of retail unit

An announcement of Isha Ambani's elevation could come as early as Wednesday, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement. Read here

11:37 AM

Rupee weakens to a new low; traders see currency breaching 79/$ soon

So far in 2022, the rupee has shed around 5.8 per cent against the dollar as higher US interest rates and a surge in global commodity prices have the outlook on the currency. Read more

11:28 AM

Sector check: Oil & gas index alone in green; Oil India leads