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NTPC pays interim dividend of Rs 2,424 crore

Updated at : 2025-02-18 22:20:02

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NTPC has paid an additional interim dividend of Rs 2,424 crore to its shareholders, bringing the total dividend payment for the fiscal year ending March 2025 to Rs 8,000 crore. This marks the 32nd consecutive year of dividend payments for India s largest integrated power utility, which is expanding its renewable energy capacity.

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US stocks: Wall Street s main indexes opened higher on Tuesday, as investors focused on potential tariff developments and the U.S. Federal Reserve s interest-rate strategy following last week s drop in Treasury yields.

To create a secure trading environment, markets regulator Sebi on Tuesday proposed to strengthen authentication using a SIM binding mechanism with mobile devices and the client s UCC similar to that of UPI payment applications.

Indian markets ended slightly lower after a brief recovery, with banks, auto, and FMCG stocks dragging. Nifty remained volatile, facing resistance at 23,000 and support at 22,800.

Indian markets closed nearly flat as IT gains offset consumer stock declines. Persistent FII outflows, weak earnings, and global trade worries kept sentiment cautious, while small and midcap stocks lagged due to valuation concerns.

Rupee closes 1% down at 86.95 against US dollar

Updated at : 2025-02-18 20:20:02

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The rupee closed at 86.95 against the US dollar on Tuesday, pressured by FII equity sell-offs and increased dollar demand from importers. Central bank intervention prevented a breach of the 87 level.

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Vedanta Ltd. secured 83% creditor approval for its demerger, surpassing the required 75% threshold. The restructuring will split the company into five independent entities to enhance operational efficiency and shareholder value.

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Feb 18 (PTI) Capital markets regulator Sebi on Tuesday cancelled the registration of 19 defunct FVCI (Foreign Venture Capital Investors) after they failed to meet the eligibility criteria. The 19 entities include Axis Capital Mauritius, Axis India Infrastructure Holdings, Blackstone Capital Partners (Singapore) VI FVCI Pte Ltd, P6 Asia Holding Investments (Cyprus) Ltd, Pequot India Mauritius IV, Ltd and Omega FVCI Investments Pte Ltd.

Indian equity markets may face near-term volatility but are projected to recover in H2 2025, with Nifty reaching 25,000 by December. Key drivers include rising consumption, government welfare spending, and a revival in unsecured lending, Emkay Institutional Equities reports.

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