Retail shareholder counts fell sharply in several widely held stocks during Q1FY27. Suzlon Energy, Tata Motors, Yes Bank and Adani Green Energy were among the biggest decliners.
LONDON/MUMBAI: Shares of NRI billionaire Anil Agarwal-led Vedanta Resources on Friday plunged 5.59 per cent on the London Stock Exchange amid talk that it may acquire a majority stake in the Indian arm of Cairn Energy. In the late afternoon session, the scrip was being traded at 20.61 pounds, down by 5.50 per cent on…
The Income Tax Department’s technology-driven NUDGE campaign has led to 1.25 crore taxpayers voluntarily revising or updating their income tax returns over the past two financial years, resulting in an additional ₹9,494 crore in tax collections, according to the government. Replying to a question in the Lok Sabha on Monday, Minister of State for Finance…
Gold, silver and equities do not always move in tandem. Their performance across the past 26 years shows how differently the three assets have behaved through various market cycles. Let’s look at how gold, silver, and the Nifty 50 TRI performed from FY01 to FY26, and how the two precious metals have behaved in relation…
Mumbai: At least 34 companies headed for initial public offerings (IPOs) are racing against an end-of-September deadline and face a daunting task. They must initiate share sales within the next 35 trading sessions – about one issue every trading day – or risk a fresh cycle of regulatory approvals. These companies, seeking to collectively raise…
The dollar fell against major currencies including the yen and euro on Friday after U.S. employment unexpectedly declined in July, fueling concerns about the economy’s strength and undermining the case for the Federal Reserve to raise interest rates. The U.S. economy lost 23,000 jobs in July, the Labor Department said, compared with economists’ expectations for…
Wall Street ended higher on Friday, lifted by Amazon as the tech heavyweight’s strong quarterly report bolstered investor confidence in AI-related stocks, while Apple dropped after its results disappointed investors. Amazon.com surged after posting its biggest quarterly revenue growth in over four years. Its results, along with a similar report from Microsoft on Wednesday, alleviated…