Paytm shares surged over 5% in intraday trading on March 18, 2025, following SEBI’s approval for its subsidiary, Paytm Money, to operate as a Research Analyst. At 10:40 AM, Paytm’s stock was up 4.8% at ₹721.9, after reaching an intraday high of ₹724.25, outperforming the 1.13% gain in the BSE Sensex. The approval allows Paytm Money to offer SEBI-compliant research services, including investment...
2025
Bajaj Finserv's stock dipped over 1% to ₹1,845 in morning trade on March 18, even as it continued its upward trend for the third straight session. This came after the company announced plans to acquire Allianz SE’s 26% stake in Bajaj Allianz General Insurance and Bajaj Allianz Life Insurance for ₹24,180 crore ($2.83 billion), making it the sole owner of both businesses. This deal marks the end of a...
Bengaluru-based Grand Continent Hotels is set to launch its ₹74.46 crore initial public offering (IPO) on March 20, with the subscription window closing on March 24. The price band is fixed at ₹107-113 per share. The IPO consists of 65.89 lakh shares, including a fresh issue of 62.6 lakh shares and an offer-for-sale (OFS) of 3.28 lakh shares by promoter Ramesh Siva. A key focus of the IPO proceeds...
Union Minister Nitin Gadkari stressed the importance of education for the upliftment of Muslims, pointing out that many in the community are engaged in occupations like running tea stalls, paan shops, scrap dealing, truck driving, and cleaning. Speaking at the convocation of the Central India Group of Institutions in Nagpur, he urged the community to focus on becoming engineers, doctors, and civil...
Food Inflation Eases but Prices Still a Concern Food inflation fell to a 21-month low of 3.8%, but the cost of over half the food items in the CPI basket still increased in February, affecting consumers. Food contributes 44% to retail inflation, significantly influencing India’s Consumer Price Index (CPI). 55% of food items in the basket saw a price rise, impacting overall inflation, which...
1. Accounting Discrepancy Uncovered IndusInd Bank detected an accounting mismatch of ₹1,577 crore (post-tax) during an internal review of forex derivative transactions. This accounts for 2.35% of the bank’s net worth as of December 2024. 2. Impact on Stock Price On Tuesday, IndusInd Bank’s stock crashed 27.17% on the BSE, marking its biggest one-day fall since listing. The stock...
Monthly investments through systematic investment plans (SIPs) in mutual funds fell to a three-month low of ₹25,999 crore in February due to increased market volatility. In January, SIP inflows stood at ₹26,400 crore, slightly lower than December’s ₹26,459 crore. Despite the dip, the decline is not significant, partly because February is a shorter month, said Suranjana Borthakur from Mirae Asset...
India and the US are working to enhance market access, reduce trade barriers, and integrate supply chains as they negotiate a Bilateral Trade Agreement (BTA), aiming for completion by fall 2025, Minister of State for Commerce Jitin Prasada informed the Lok Sabha. Following a week-long US visit by an Indian ministerial delegation, he clarified that the US has not yet imposed reciprocal tariffs on...
The Indian stock market will be closed on Friday, March 14, 2025, in observance of Holi, the festival of colors. Trading will resume on Monday, March 17, after the extended weekend, as per the holiday schedule issued by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This closure will affect trading in all major segments, including equities, equity derivatives, securities lending...
Tesla’s stock plunged 15.4% to $222.15 on Monday, its lowest since October 2023 and the company’s worst single-day drop since September 2020. This decline follows a massive $4 trillion wipeout in US stock markets, driven by fears over President Donald Trump’s economic policies, recession concerns, and rising trade tensions. After reaching $479 per share in December 2024, Tesla’s stock...