Business

Stock market recap: BSE Sensex, NSE Nifty50 ended previous session with modest gains Equity markets closed the previous session with only modest gains after a largely directionless session, highlighting the cautious approach investors were taking amid elevated geopolitical uncertainty and rising crude oil prices. BSE Sensex gained 43.27 points, or 0.06%, to settle at 78,542.44,…

Crypto losses deepen Trump Media’s woes as company doubles down on Truth Social Trump Media & Technology, the company behind US President Donald Trump’s Truth Social platform, reported a $238 million loss in the second quarter, as the value of its bitcoin and Cronos holdings tumbled. The three-month loss through June was more than 10…

The company posted a 10.2% rise in the customer ARPU. NEW DELHI: Debt-ridden telecom firm Vodafone Idea on Monday reported a narrowing of loss to Rs 3,754 crore in the first quarter of the current fiscal mainly on account of relaxation given by govt on dues. The company had posted a net loss of Rs…

Propelled by oil, Singapore has emerged as the third largest goods export destination for India NEW DELHI: The West Asia crisis has opened several new markets for India’s oil product exports, with Italy and Spain among those at the top of growth charts, while Singapore and Tanzania have zoomed past traditional destinations.Propelled by oil, Singapore…

Crude prices jump over 1% as Hormuz reopening Oil prices rose over 1% on Monday as prospects of reopening Hormuz remained stuck in limbo. Brent crude gained 1.32% to $84.65 a barrel, around 7:30 am IST while WTI crude rose 1.04% to $78.99 a barrel.The rise came after both benchmarks fell more than 7% last…

CCEA is a high-level committee headed by PM Modi. The government is considering a proposal to raise the threshold for foreign direct investment proposals requiring approval from the Cabinet Committee on Economic Affairs (CCEA) to Rs 15,000 crore from Rs 5,000 crore at present to further improve the country’s investment climate, according to sources. CCEA…

BSE to enter Nifty 50, Wipro to exit in NSE’s September index rejig BSE Ltd will replace Wipro Ltd in the benchmark Nifty 50 index later this year, as part of the semi-annual review of the index by NSE Indices.The Index Maintenance Sub-Committee (Equity) of NSE Indices Ltd has decided to make the replacement, with…

India’s electricity system faced a sharp rise in peak demand during the April-June period, with demand increasing around 12% from the same period last year and reaching a record 270.8 GW in May, the Rajya Sabha was informed on Monday.The pressure was particularly visible during non-solar hours in June, when peak electricity demand stood at…

The SpaceX share is trading slightly below its market debut price NEW DELHI: Retail investors turned net sellers of SpaceX shares on August 7, marking the first such instance since the company’s blockbuster public debut in June, according to Vanda Research.Individual investors sold a net $4.5 million worth of SpaceX shares on the day, reported…

The revised closing-price mechanism applies to more than 200 stocks with listed derivatives. India’s newly introduced closing price auction system has left traders jittery as they adjust to the new system. During the first week of trading under the new system, some traders said that one of the country’s most significant market structure reforms in…