Investing

The S&P BSE Sensex and NSE Nifty 50 indexes opened lower in trade on Tuesday on the back of weakness in banking and financial services shares after the Reserve Bank of India warned that the banks may see bad loans double despite signs of an improvement in the economic impact of the COVID-19 pandemic. Meanwhile, weakness in other Asian...

Goods and Services Tax (GST) e-invoice system has completed journey of three months and has facilitated smooth transition of the tax payers to the new platform, according to the Ministry of Electronics and Information Technology (IT) on Saturday. It has enabled over 37,000 tax payers to generate more than 1,680 lakh Invoice Reference Numbers (IRNs), during last three months...

Merchandise exports fell marginally by 0.8 per cent to $26.89 billion in December 2020, contracting for the third straight month, amid a registered decline in sectors such as petroleum, leather, and marine products. According to merchandise trade preliminary data released by the Ministry of Commerce and Industry on Saturday, January 2, the trade deficit reported last month, widened to...

Shares in biscuit maker Mrs Bectors Food Specialities Ltd more than doubled in their market debut on Thursday, in a latest sign of strong investor appetite for the country's food sector amid the COVID-19 pandemic. The initial public offering (IPO), which was nearly 200 times oversubscribed, comes days after Burger King India - a company to which Mrs Bectors sells...

Indian firms invested a sum of $12.25 billion under both the automatic and the approval routes in the first eight months of this year, which has been in accordance with the steady outflows witnessed in the last couple of years. In the financial year 2020-21, around $13 billion was invested by the Indian companies, which was the second successive...

Indian economy's worst contraction on record amid coronavirus pandemic did not deter the foreign institutional investors from buying equities in the country's markets albeit they poured record amount in a pandemic-hit year. So far this year, the foreign institutional investors have bought shares worth over ₹ 1.50 lakh crore ($20.59 billion) data from National Securities Depository Limited (NSDL) showed....

Shares of Burger King were locked in a 20 per cent upper circuit at ₹ 162 a day after it made a stellar market debut on Monday. There were a total pending buy orders for 15,88,446 shares on the BSE while there were no sellers on the exchange. The shares of the quick-service restaurant chain got listed at ₹...

Mumbai-based information technology company Majesco on Tuesday approved an interim dividend of ₹ 974 per equity share of face value of ₹ 5 each for the financial year 2020-21. The interim dividend approved by Majesco board is at the rate of 19,480 per cent of the face value of the company, Majesco said in a stock exchange filing. Majesco's...

Cryptocurrency Bitcoin jumped by more than $850 - or 5 per cent - to touch the $18,238.20 mark on Sunday, inching towards an all-time high of $19,666 registered this week. Recent gains in the virtual currency are part of a broader bull run that began last month after US-based online payments company PayPal allowed its customers to use Bitcoin...

Securities and Exchange Board of India (SEBI) has proposed a reduction in the equity dilution requirement for initial public offers (IPOs) exceeding ₹ 10,000 crore. Companies with a post-issue capital above ₹ 10,000 crore will be required to initially sell only 5 per cent to the public, as against 10 per cent mandated earlier, the market regulator said in...