Sensex, Nifty end lower for 2nd day; Tata Motors jumps 5%, Infy slides 2%

Closing Bell on Friday, October 13, 2023: Among sectors, the Nifty PSU Bank index fell 1.4 per cent, while the Nifty Auto index gained 0.88 per cent

1:19 PM

Q2 impact: Infosys, TCS can fall up to 9%; HCLTech may rise 5%, show charts

IT majors - TCS, Infosys and HCL Technologies flagged concerns of slower growth going ahead after announcing the Q2 results in the last two days. READ MORE

1:07 PM

A private equity fund manager has made it to India's super rich 2023 list

Manish Kejriwal is the first Indian private equity fund manager to make it to the 360 One Wealth Hurun India Rich List 2023 with a net worth of Rs 3,000 crore. Kejriwal is the founder and managing partner of Kedaara Capital Advisors, a Mumbai-based private equity firm. READ MORE

12:55 PM

G20 FMCBG releases joint communique adopting roadmap on crypto assets

While welcoming the G20 IEG rpt on strengthening MDBs, the communique said that transformative changes are required in MDBs' vision, operating models and financing capacities. READ

12:44 PM

Nikhil Kamath's fund, others, back elder care platform Age Care Labs

The platform has closed $11 million in its Pre-Series B round from Rainmatter Capital (Zerodha's investment arm) and Gruhas (venture capital fund co-founded by Nikhil Kamath and Abhijeet Pai). READ

12:31 PM

Infosys announces five-year extension of its JV pact with Temasek

India's second largest IT services company Infosys on Thursday announced a five-year extension of its joint venture collaboration with Temasek, a global investment firm headquartered in Singapore. READ

12:18 PM

Market regulator Sebi examining Burmans' open offer for Religare Ent

On September 26, the Burman family announced the open offer to acquire an additional 26 per cent stake in Delhi-based Religare Enterprises, costing up to Rs 2,116 crore. READ

12:03 PM

Festivals bring $13 bn sale for e-tailers, MSMEs clock more Diwali orders

In this spirit, MSMEs from tier-2, tier-3 and tier-4 cities are expecting higher Diwali gift orders than sellers from metro cities, it stated. READ

11:52 AM

Vedanta incorporates wholly-owned arm to carry out iron, steel biz

Vedanta Ltd on Thursday said it has incorporated a wholly-owned arm, 'Vedanta Iron and Steel Ltd, as part of its demerger drive. READ

11:39 AM

Caution: Campus hiring by Indian IT services giants is in the slow lane

The management of the companies said that excessive hiring in the last few years has meant recalibration of employees as growth dipped. READ

11:26 AM

Crude oil tracks global equities higher, IEA demand downgrade weighs

Lower U.S. bond yields are stoking risk appetite, which in turn is supporting equities and oil, UBS analyst Giovanni Staunovo said. READ

11:13 AM

Angel One hits record high on strong Q2 results; zooms 106% in 7 months

Analysts believe the Angel Group will continue to strengthen its market position by steady increase in active clients. READ

10:59 AM

Govt mulls subsidising carmakers investing in local EV production

The government plans to extend incentives to carmakers based on the investments they make to manufacture cars locally, an official aware of the development said. READ

10:45 AM

From October 16, Bankex derivatives expiry date to shift to Monday

The exchange had chosen Friday as the expiry day for its relaunched Sensex and Bankex futures and options contracts to differentiate from market leader NSE. READ

10:30 AM

HCL Tech gains 3% on maintaining margin outlook; analysts remain positive

Motilal Oswal Financial Services expects HCL Tech to emerge stronger on the back of healthy demand for IMS, Digital space and Cloud services in the medium term. READ

10:15 AM

China's consumer inflation rate flatlines in Sept amid precarious recovery

Core CPI - which strips out volatile food and energy costs - rose 0.8%, same as August. Producer prices fell 2.5%, moderating slightly from the prior month's decline. READ