Markets This Week: Sensex, Nifty end lower for second straight week; auto drags, metals gain

Indian indices ended in the red for the second consecutive week with both Nifty and Sensex ending around 0.2 percent. Losses in auto, IT stocks were offset by gains in metals and financials. The sentiment was also dented by a slowing pace of vaccination in some states and a global spread of the Delta variant of…

TCS employee headcount crosses 5 lakh after record hirings in Q1

IT major Tata Consultancy Services (TCS) now has more than 5 lakh people in its workforce after record hirings in the first quarter of FY22. The total workforce of TCS increased to 5,09,058 as of June 30. TCS reached the five lakh workforce milestone after it added 20,409 more employees in the first three months of…

Sensex, Nifty post weekly loss as investors gauge domestic developments

Indian shares posted their second weekly loss on Friday, struggling to break past recent peaks as investors assessed a host of developments, including a cabinet reshuffle and results from software services giant Tata Consultancy Services. Weighed down by heavyweight financial stocks, the blue-chip NSE Nifty 50 index…

Amazon, Tata Said to Have Opposed Government’s Tougher E-Commerce Rules

Amazon and India’s Tata Group warned government officials on Saturday that plans for tougher rules for online retailers would have a major impact on their business models, four sources familiar with the discussions told Reuters. At a meeting organised by the consumer affairs ministry and the…

Stocks To Watch: Tata Steel, Panacea Biotec, Federal Bank

The domestic stock markets are likely to open in the green on the back of positive global cues. Trends on SGX Nifty indicate a gap-up opening for the Nifty in India, with a 100-point gain. At 7:30 am, the Nifty futures were trading at 15,848 on the Singapore Stock Exchange. On Friday, the BSE Sensex had gained 166.07…

Sensex Rallies Over 200 Points; Autos, Financials Lead Gains

The domestic stock markets have opened in the green on the back of positive global cues. Wall Street had closed at new highs on Friday and early trends on SGX Nifty had indicated a gap-up opening for the markets back home. At 9:20 am, the Sensex was trading at 52,710.63, higher by 222 points or 0.47 per cent and…

Sensex Rises Over 100 Points; Reliance Industries, SBI Top Gainers

The domestic stock markets have opened mildly in the green, extending the gains witnessed in Friday’s session,amid mixed global cues. At 9:18 am, the BSE Sensex is trading at 53,054.25, higher by 127.85 points or 0.27 per cent and the Nifty is at 15,898.75, up 31.10 points or 0.17 per cent. In the broader market…

Binance UK Operations Banned in Britain’s Latest Cryptocurrency Crackdown

Britain’s financial regulator has said Binance, one of the world’s largest cryptocurrency exchanges, cannot conduct any regulated activity and issued a warning to consumers about the platform, which is coming under growing scrutiny globally. In a notice dated June 25, the Financial Conduct Authority (FCA)…

Shilpa Medicare shares rally over 5% after DRDO approves manufacture, sale of anti-Covid drug

Share of Shilpa Medicare rallied over five percent after the company received in-principle approval from the Defence Research & Development Organisation (DRDO) to manufacture and sale of 2-Deoxy-D-Glucose (2DG). The Drug Controller General of India (DCGI) had granted emergency approval to 2DG for COVID-19 patients…

Aim to lead in 2-wheeler & passenger car radial tyres; expect revenue from SUVs, CSUVs to increase: CEAT

CEAT at its analysts meet laid down some ambitious targets, aiming for a leadership position in two-wheelers and passenger car radial tyres over the next five years. The company also launched some new tyres called the SecuraDrive.Amit Tolani, CMO, CEAT, said the company has seen demand buoyancy in the after-market…