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Sensex Slumps Over 500 Points, Nifty Below 11,550 Amid Broad-Based Selloff
Written by Abhishek Vasudev | Friday October 30, 2020Mid- and small-cap shares were also witnessing selling pressure as Nifty Midcap 100 index declined 0.25% and Nifty Smallcap 100 index fell nearly 1%. -
WeWork To Revisit IPO Plans Only When Profitable: CEO Sandeep Mathrani
Saritha Rai, Bloomberg | Friday October 30, 2020Last week, Fitch Ratings lowered WeWork's credit rating and warned the once high-flying startup could default on its obligations. -
Why Global Investors Are Warming Up To Emerging-Market Stocks
Cormac Mullen, Bloomberg | Friday October 30, 2020A growing number of investors are warming to developing-nation stocks as the global economy recovers from the worst of the coronavirus pandemic. -
Market Latest Updates: Sensex Falls Over 350 Points From Day's High Amid Volatile Trade
Edited by Sandeep Singh | Friday October 30, 2020Share Market Latest Updates: Bajaj Finance, Maruti Suzuki, Bharti Airtel, Eicher Motors, Kotak Mahindra Bank and Divi's Laboratories were the top Nifty laggards. -
Shapoorji Pallonji Group Files Plan In Top Court To Part Ways From Tata Group
Reported by A Vaidyanathan,Sakshi Bajaj, Edited by Sandeep Singh (with inputs from agencies) | Friday October 30, 2020The Shapoorji Pallonji Group on Thursday sought a formal separation from Tata Group in the Supreme Court, proposing that its stake in Tata Sons be swapped for a pro-rata stake in the Tatas' listed companies. The two conglomerates have been embroiled in a legal battle since 2016 when Cyrus Mistry, scion of the family that controls the SP Group, was sacked as chairman of Tata Sons. The Shapoorji Pallonji or SP Group, which is the largest minority shareholder in Tata Group, believes it is necessary to separate interests from the auto-to-steel conglomerate. -
Vodafone Idea's Loss Narrows To Rs 7,218 Crore In September Quarter
Edited by Abhishek Vasudev | Thursday October 29, 2020Vodafone Idea's average revenue per user (ARPU) for September quarter improved to Rs 119 per month from Rs 114 in the previous quarter. -
Government Changes Bidding Terms For Air India To Fast-Track Sale
Press Trust of India | Thursday October 29, 2020Enterprise value of a company includes the equity value, debt as well as cash with the company. Equity value measures the value of a company's shares. -
India's September Infrastructure Output Contracts 0.8%
Reuters | Thursday October 29, 2020Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial output. -
Gold Prices Hold Steady, Track Dollar As US Election Caution Kicks In
Reuters | Thursday October 29, 2020The dollar index held close to a one-week peak scaled in the previous session, benefiting from safe-haven inflows as Germany and France imposed fresh lockdowns to stem a second coronavirus wave. -
Festival Shopping Could Lead To Recovery In India Gold Demand: World Gold Council
Reuters | Thursday October 29, 2020, MumbaiWhile overall gold consumption fell, demand for coins and bars, known as investment demand, jumped 51 per cent in the third quarter as rising prices attracted investors, the WGC said. -
Core Sector Production Contracts 0.8% In September
Reuters | Thursday October 29, 2020, New DelhiInfrastructure output comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40 per cent of industrial output. -
Geojit Financial Services Partners US-Based Stockal To Launch Global Investment Platform
Edited by Sandeep Singh | Thursday October 29, 2020Geojit Financial Services Launches AI-Powered Global Investment Platform: Geojit Financial Services said the platform will initially provide services for the US markets, and the company it will add other key global markets soon. -
IndiGo Posts Record Quarterly Loss Of Rs 1,195 Crore On Pandemic Hit
Edited by Abhishek Vasudev (with inputs from Reuters) | Thursday October 29, 2020IndiGo, which dominates the domestic market, said its total debt as of September stood at Rs 25,419.4 crore, up 28 per cent from last year. -
Sensex, Nifty Decline For Second Straight Session; L&T Top Loser
Edited by Abhishek Vasudev | Thursday October 29, 2020Mid- and small-cap shares also faced selling pressure as Nifty Midcap 100 index declined 0.43 per cent and Nifty Smallcap 100 dropped nearly 1 per cent. -
Maruti Suzuki Quarterly Profit Rises As Buyers Return
Reuters | Thursday October 29, 2020India's largest automaker by market capitalization reported a net profit of Rs 1,372 crore for the three months ended September 30.
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