Latest Stock Market News

Bitcoin is on pace to post its third consecutive weekly increase, climbing almost 19% during the stretch, to trade around $43,500 as of 1:06 p.m. in New York. It dropped below $33,000 on Jan. 24, a decline of more than 50% from its all-time high of almost $69,000 reached in early November.

Sequentially, however, the company’s net profit declined 37.9 per cent from Rs 18,749.17 crore

One has to be cognizant of the fact that Indian market is not completely immune to the global market sentiment. Thus, given the global narrative, investors should be wise with their investment choices

The surge in US consumer prices in January fuelled speculation that the Fed may raise interest rates by 50 basis points in March, instead of earlier expectations of 25 basis points, reducing the appetite for riskier assets.

Air India and AirAsia have agreed to transfer passengers to each other in case of disrupted operations. Thus the travel plans of passengers flying Air India and AirAsia India would not be disrupted if an alternative flight of either airline is available.

The commodities rally rejuvenated Tata Steel while Tata Tele emerged as the surprise multibagger on the stock market.

“Given that the Tatas have a very long-term view and patient capital, most of the challenges can be overcome, but people-related and expected hyper-competitive environments remain the most critical challenges,” said Kapil Kaul, chief executive at consultancy firm Centre for Asia Pacific Aviation in India.

CPPIB, CDPQ, Ontario Teachers’, Templeton, Capital Investment, Schoders, GIC OMERS, and People’s Bank of China are among investors likely to invest.

In a 100-page interim order, the regulator also restrained the individuals from "associating themselves with any intermediary registered with Sebi, any listed public company or acting directors/ promoters of any public company which intends to raise money from the public till further orders."

The company’s EBIDTA was impacted by all these factors and dropped to Rs 110 crore when compared to Rs 218 crore during the same period last year.