Markets fall for 5th day; Sensex sheds 523 pts, Nifty ends near 19,100

Closing Bell on October 25, 2023: In the broader market, the BSE MidCap index slipped 0.52 per cent and the BSE SmallCap 0.77 per cent as against the frontline indices' 0.8 per cent decline

12:45 PM

Property registrations in Mumbai 37% higher during Navratri this year

The number of property registrations in Mumbai city rose 37.4 per cent during Navratri this year, as compared to last year, data released by real estate consultancy Knight Frank showed on Wednesday. This year, the Navratri fell between October 15 and 23. Last year, it was from September 26 and October 4. READ MORE

12:32 PM

ALERT:: IndusInd Bank inks pact with US-based Viamericas for digital solutions; stock marginally in red

IndusInd Bank today announced a strategic collaboration with Viamericas Corporation to offer digital inward remittance services to Non Resident Indians (NRIs) in the USA through IndusInd Bank 'Indus Fast Remit', a remittance service platform. 

 

This collaboration will enable NRIs to benefit from highly competitive exchange rates for digital inward remittances to India, the bank said in an exchange filing.

12:19 PM

ALERT:: Zydus Lifesciences gets nod for Phase II study of 'ZYIL1'; stock trades flat

Zydus in an exchange filing said the company has received permission from CDSCO, India, to initiate the Phase II clinical study of NLRP3 inhibitor 'ZYIL1' in patients with Amyotrophic Lateral Sclerosis (ALS).

12:07 PM

Stock Alert:: Jubilant Foodworks up 2% ahead of Q2 results

11:55 AM

Debt funds see competition from FDs, almost 95% SIPs are in equity MFs

Fixed deposits have emerged as the safe-haven investor darling this year as large institutional investors are waiting on the sidelines given the geopolitical tensions worldwide. Data analysed by brokerage Motilal Oswal revealed that FDs are preferred over long-duration debt mutual fund schemes.  However, demand remains strong for the shorter duration (< 1 year) schemes. READ MORE

11:43 AM

Wonderla soars 10% as Chennai project gets TN government's clearance

The grand vision for this project involves an investment of approximately Rs 400 crore, spanning across 62-acre expanse in Illalur village. READ MORE

11:32 AM

ALERT:: Sensex at day's low, down 70 pts

11:24 AM

Sebi to pilot Asba-like framework for secondary markets in December: Report

Asba facility is already available for the primary market which ensures that money from an investor gets moved only when an allotment happens. READ MORE

11:13 AM

Sugar shares in focus; Balrampur, Dwarikesh, Triveni, Dhampur rally upto 7%

According to CRISIL, despite reduced exports and a decline in ethanol production, Ebitda margins of MSMEs in the sugar industry are projected to increase in the upcoming quarters. READ MORE

11:01 AM

Israelis can make their own decisions: Biden on ground invasion of Gaza

Amidst reports of an imminent ground invasion of Gaza by Israel, President Joe Biden has said that Israel can make its own decisions, as the US firmly backs its ally while urging caution. READ MORE

10:51 AM

ALERT:: Wonderla Holidays gets required NOCs for Chennai project; stock soars 6%

Wonderla Holidays has successfully obtained all the necessary approvals/ clearances/ NOCs from the Government of Tamil Nadu for its Chennai Project and thus poised to commence the construction of the Project, the company said in an exchange filing.

10:43 AM

China breaks silence on Israel-Hamas war, supports 'two-state solution'

Breaking its silence on the ongoing Israel-Hamas war, Chinese Foreign Ministry spokesperson Mao Ning on Tuesday said Beijing hoped that the issue would be resolved in a "just and lasting manner" on the basis of the "two-state solution." READ MORE

10:33 AM

ALERT:: TVS Motor partners ION Mobility for Indonesian project; stock up 1%

After successfully introducing its M1-S electric motorcycle, ION Mobility - a Singapore-based technology startup - will enter the sports scooter market segment by unveiling Project Dynamo at the Indonesia Motorcycle Show (IMOS) 2023 between October 25 & 29, 2023. Project Dynamo results from ION Mobility's strategic collaboration with TVS Motor Company, the latter said in an exchange filing.

10:20 AM

Mahindra Logistics slips 6%, hits 52-week low on disappointing Q2 results

The management expects to report better performance in Q3 due to positive demand uptick in festive season, accelerating margins due to synergies with the acquired B2B business and cost reduction. READ MORE

10:14 AM

ALERT:: Vedanta up 1%; Ajay Goel to replace Sonal Shrivastava as CFO

Ajay Goel, the former chief financial officer (CFO) at Indian edtech startup Byju's, will return as Vedanta's CFO effective October 30 after Sonal Shrivastava tendered resignation.