Why is stock market down today? Nifty50 goes below 23,800; BSE Sensex crashes over 1,100 points – top reasons for fall

Stock market crash today (AI image) Stock market crash today: Indian equity benchmarks, Nifty50 and BSE Sensex, plunged in morning trade on Thursday as global cues turned negative due to a host of factors. While Nifty50 went below 23,800, BSE Sensex plunged around 1,200 points. At 11:18 AM, Nifty50 was trading at 23,810.30, down 367…

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IOB profit up 56% at Rs 5,200 crore in FY26

Chennai: Indian Overseas Bank’s annual net profit crossed Rs 5,000 crore for the first time, with the public sector lender reporting FY26 profits at Rs 5,209 crore, up 56% from Rs 3,335 crore in FY25, driven by higher income and lower provisions and tax expenses. The bank’s operating profit also crossed Rs 10,000 crore for…

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Times Music acquires Punjabi music company Catrack

New Delhi: The Times Group-owned Times Music has announced the acquisition of Catrack Entertainment, its third strategic acquisition and a key step forward in its ongoing partnership with Primary Wave Music.“The deal brings a culturally significant Punjabi music catalogue into its fold, unlocking a legacy repertoire for renewed global discovery and commercial scale,” the company…

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Cognizant to acquire tech firm Astreya for $600mn

Bengaluru: In a bid to strengthen its AI infrastructure capabilities, Cognizant is acquiring Astreya, a tech firm specialising in AI infrastructure and data centre services, in a deal valued at about $600 million – its third-largest acquisition after Trizetto and Belcan. Astreya manages over 500,000 end users and supports nearly 30% of the world’s data…

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Jerome Powell-led US Federal Reserve keeps interest rates unchanged; cites Middle East conflict uncertainty, rising energy prices

Jerome Powell (AP file photo) US Fed Federal Open Market Committee (FOMC) meet: Jerome Powell-led US Federal Reserve on Wednesday kept the interest rates unchanged in the 3.5-3.75% range citing upside risks to inflation in view of the rising global energy prices.“Developments in the Middle East are contributing to a high level of uncertainty about…

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