Sensex ends choppy day 242pts up, Nifty near 21,350; realty, IT stocks soar

Closing Bell on Friday December 22: The BSE MidCap and SmallCap indices outran the benchmarks with 0.74 per cent and 1 per cent gains, respectively

2:16 PM

Bank frauds increase, private sector lenders make more write-offs

The Asset Quality Review of 2015 by the Reserve Bank of India (RBI) has served its purpose and the "era of loan write-offs’ is over, said State Bank of India’s chairman this week. Read

2:05 PM

Lupin to acquire products in Europe, Canada from Sanofi for Rs 91 cr

Home-grown pharma major Lupin Ltd on Friday said it acquired a portfolio of established products in Europe and Canada from Sanofi for a purchase consideration of EUR 10 million (Rs 91 crore). Read

1:54 PM

Market Check: Indices listless in volatile trade

1:40 PM

UK economy shrinks in Q3 as GDP contracts 0.1%, shows signs of recession

Britain's gross domestic product shrank in the July-to-September period and was flat in the previous three months, according to updated official figures that suggested the economy might now be in a recession. Read

1:26 PM

Polycab slips 5% amid reports of I-T raids at 50 office locations pan-India

Shares of Polycab India slipped 5 per cent to Rs 5,365 on the BSE in Friday's intraday trade, on the back of heavy volume, on report that the Income Tax (I-T) teams are conducting searches at over 50 locations of the company across India. Read

1:14 PM

BEL receives orders worth Rs 2,759 crore

12:59 PM

Upping long bond exposure beneficial for Indian investors, says Union AMC

India's 10-year benchmark government bond yield could ease as much as 45 basis points (bps) in the first half of 2024, and fixed-income investors could benefit from increasing exposure at the longer end, the fixed-income head at Union Mutual Fund said. Read

12:45 PM

In charts: FPI flows to push Nifty towards 24200 in 2024, says ICICI Direct

Despite trading near highs and gaining almost 7 per cent in the December series only, Nifty has delivered 16 per cent returns so far in the last 12 months, which is relatively at par with other markets. Read

12:30 PM

I-T officials search 50 offices, facilities of Polycab India; shares fall

The Income Tax Department (I-T department) has conducted searches at nearly 50 locations linked to Polycab India in Mumbai on Friday, according to Reuters. The residences and offices of senior executives linked to the company were also being raided. Read

12:18 PM

SBI to sign $165 million LoC with World Bank for rooftop solar projects

The country's biggest lender, State Bank of India (SBI), said that it will be signing a $165 million Line of Credit (LoC) from the World Bank in Delhi today to support grid-connected rooftop solar photovoltaic projects in residential and institutional sectors. Read

12:03 PM

Allcargo Logistics surges 10%, Gati slips 7% on biz restructuring plan

Shares of Allcargo Logistics surged 10 per cent to Rs 314, while those of Allcargo Gati slipped 7 per cent to Rs 128.10 on the BSE in Friday's intraday trade amid heavy volumes, after the board of these companies approved the composite scheme of arrangement for restructuring of businesses. Read

11:47 AM

Zomato denies reports of an offer to acquire Shiprocket for $2 billion

Zomato has denied the reports, which said it has offered to acquire delivery platform Shiprocket for $2 billion. In a regulatory filing, the company termed the news as "incorrect". Read

11:30 AM

Blackstone transaction, improving outlook to support Embassy Office Parks

The world's largest alternative asset manager, through its investment companies, sold a 23.59 per cent stake in the company, leaving the Embassy group as the sole sponsor of the REIT. Read

11:16 AM

ALERT: SBI signs $165 million-credit line for solar PV projects from World Bank

 SBI to support grid connected rooftop solar PV projects from World Bank

11:05 AM

Tata Motors gains 3% on nod for DVR share conversion; soars 88% in 2023

Shares of Tata Motors rose 3 per cent on the BSE to Rs 729.30 in Friday’s intra-day trade after stock exchanges granted the company 'no objection' to the cancellation of Tata Motors DVR shares. Read