Latest Stock Market News

"There are several other discussions that we have been having with private equity investors who are interested in making an investment in Biocon Biologics and that will help us bring down the $1.2 billion debt ... help us reduce the interest component that we see in the P&L," Shreehas Tambe, chief executive officer and managing director of Biocon Biologics, said in an interview.

In a letter addressed to Finance Minister Nirmala Sitharaman, the Finance Industry Development Council (FIDC) has said that the budget provision would dent the ₹75,000-crore industry and sought parity in the taxation framework for all debt products.

The ministry of cooperation has formulated a plan to establish viable PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives in each coastal panchayat/village as well as panchayat/ village having large water bodies, an official statement said.

For the fortnight ending January 13, credit growth rose 16.5% annualised as against 10.6% growth in deposits. According to the SBI website, the bank has increased the overnight lending rate, based on the marginal cost of funds-based lending rate, by 10 bps to 7.95%, while the same for one-and three-month maturity has been increased to 8.10%.

The benchmark index rallied to an all-time pinnacle at 8,003.65 points, helped by the weak pound which boosts the share prices of multinationals whose earnings are in dollars.

Strong non-IT sector hiring, healthy demand in home sales, demand revival in the Study abroad business, and the management’s continued efforts in cost optimisation should boost future performance.

Ahluwalia Contracts (India), incorporated in the year 1979, is a Small Cap company (having a market cap of Rs 3166.17 Crore) operating in Construction sector.

Though Airbnb flagged pressures on average daily rates through the year due to higher bookings from less pricier urban areas and regions like Latin America, Atlantic Equities said overall travel demand should translate into strong financial performance

According to market players, startups need to have a long-term and goal-based approach to be IPO ready

The Dow Jones Industrial Average fell 80.64 points, or 0.24%, at the open to 34,008.63