The Supreme Court on Friday upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.
From the Sensex firms, Bharti Airtel, Tata Motors, Mahindra & Mahindra, Kotak Mahindra Bank, Axis Bank and Reliance Industries were among the laggards. However, NTPC, Titan, Trent, ITC and Bajaj Finserv were the gainers.
Among Sensex shares, Sun Pharmaceutical, Tata Steel, Trent, Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, Reliance Industries, Axis Bank, Tech Mahindra, Adani Ports, Titan, BEL, and Larsen & Toubro were the major laggards. However, Hindustan Unilever, Maruti Suzuki India, ITC, Tata Consultancy Services and UltraTech Cement were the gainers.
'The investigation is at a very critical stage. We are not going to give every single document.'
The Indian services sector growth touched a 15-year high in August, driven by a sharp rise in new orders and output, amid substantial improvement in demand conditions, a monthly survey said on Wednesday. The seasonally adjusted HSBC India Services PMI Business Activity Index was up from 60.5 in July to 62.9 in August, indicating the steepest rate of expansion since June 2010.
While FY25 attrition rates remained below pre-Covid levels, most companies experienced a 1 to 3 percentage point increase compared to FY24.
Equity benchmark indices Sensex and Nifty fell on Friday, extending their downward journey to the third day, as investors continued to reel under pressure caused by the imposition of high tariffs and relentless foreign fund outflows.
'They should be given a strong message that they are not the ones who decide the rule of the land, and they are not the ones who decide what justice is.'
Former Samajwadi Party MP S T Hasan links the Uttarakhand disaster to the demolition of religious sites, claiming it angers God and disrupts spiritual balance. He also cites environmental destruction as a contributing factor to increasing natural disasters.
Among Sensex firms, Tata Motors rose the most by 3.5 per cent while Adani Ports gained 3.16 per cent. Reliance Industries rose by 2.82 per cent. Eternal, Tech Mahindra, Kotak Mahindra Bank, Hindustan Unilever and Maruti were also among the gainers. However, Bajaj Finserv, Power Grid, Mahindra & Mahindra and HCL Tech were among the laggards.
Among Sensex firms, Bharat Electronics rose the most by 4.26 per cent. HCL Tech gained 2.57 per cent, Bajaj Finance by 2.19 per cent, TCS by 1.99 per cent, Tech Mahindra by 1.88 per cent and Infosys by 1.85 per cent. Gains in Axis Bank and State Bank of India also supported the rally. However, Mahindra & Mahindra emerged as the biggest loser, falling by 2.47 per cent. Maruti dropped 1.53 per cent and Tata Motors by nearly 1 per cent due to profit-taking. UltraTech, Eternal and Power Grid were also among the laggards.
There are some apparent paradoxes visible in the data from the first quarter of 2025-26 (Q1FY26). The gross domestic product (GDP) delivered a positive surprise with 7.8 per cent year-on-year (Y-o-Y) growth.
India's largest IT services company Tata Consultancy Services (TCS) on Wednesday informed employees that it will roll-out wage hikes for about 80 per cent of workforce, covering mid to junior levels.
The Supreme Court on Tuesday cancelled bail granted to former DHFL promoter Dheeraj Wadhawan in the multi-crore bank loan scam case. A bench of Justices Sanjay Kumar and Satish Chandra Sharma passed the order after perusing the report filed by a medical board and directed Wadhawan to surrender within two weeks.
You have to grow, and grow fast - that's the DNA of the JSW group, chairman Sajjan Jindal said as JSW Cement made its debut on the stock market mid-August. The remark captured not just the moment but also the momentum of JSW's growth story.
They met with a warm embrace at the Outreach session of the G7 Summit in Apulia, southern Italy where they joined other world leaders to deliberate on the topic of Artificial Intelligence, Energy, Africa and the Mediterranean.
'It is a process that takes a certain amount of time and needs to be done keeping legal modalities in mind.'
A special NIA court in Chhattisgarh's Bilaspur district has reserved its order on a bail application filed by three persons, including two nuns from Kerala, arrested on charges of human trafficking and forced religious conversion.
'They have to prove the credibility of their talk; whether they want to focus on the secular face of India, whether they want to focus on democracy and above all freedom of an individual to practice his or her religion.'
The Securities and Exchange Board of India (Sebi) has barred Dewan Housing Finance Corporation Ltd's (DHFL) former promoters Kapil and Dheeraj Wadhawan for five years from the securities market for alleged diversion of funds. They have also been barred from holding any key position in a listed company.
'We have carried out a big search operation on a big name in this industry.'
Among Sensex firms, Tata Steel, BEL, Adani Ports, Tata Consultancy Services, Tech Mahindra, Bharti Airtel, HCL Technologies, Trent, Mahindra & Mahindra, Reliance Industries, UltraTech Cement and Larsen & Toubro were the major gainers. However, Power Grid, HDFC Bank, ICICI Bank, Hindustan Unilever were among the laggards.
Businesses are testing new markets, tapping into domestic demand, and pushing the government for relief.
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
'The statistical confidence bands of the fan charts of the forecasts will provide a better sense of the potential variability of outcomes.'
Two people died and over 300 were injured during the 'Dahi Handi' festival in Mumbai and Thane. The festival involves forming human pyramids to break pots of curd suspended in the air.
Chhattisgarh Deputy Chief Minister Vijay Sharma announced plans for a new anti-conversion law following the arrest of two nuns from Kerala on charges related to religious conversion and human trafficking. The announcement comes amid political tensions and accusations of wrongful arrest.
Equity benchmark indices Sensex and Nifty ended lower on Thursday after US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1 and an unspecified penalty for buying Russian crude oil and military equipment.
On June 28, 2025, Chelsea FC Foundation claimed victory in a hard-fought amputee final with a 2-0 win over Everton in the Community at St George's Park, Burton upon Trent, UK.
Markets regulator Sebi has proposed introducing a single window access for low risk foreign investors seeking to participate in the Indian securities market, a move aimed at simplifying compliance and enhancing the country's attractiveness as an investment destination.
The RBI will introduce a new mechanism from October 4 for clearance of cheques within hours of being presented to banks, reducing the current time period of up to two working days. Cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours.
'My people in Thailand, we've been waiting for the first Miss World crown for more than 72 years. I couldn't believe that it would be my honour to bring back home our first crown,' she said.
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
Argentina-born Pope Francis, who died on Monday, is being honoured at his local hometown soccer club in Buenos Aires, San Lorenzo de Almagro, where the football-loving head of the Roman Catholic Church remained a member during his 12-year papacy.
Pope Francis shaped the Church he led. And in death, his reforms shape his farewell.
US-based hedge fund Jane Street, which allegedly made handsome gains through market manipulation, has deposited the mandated Rs 4,843.57 crore in an escrow account in favour of Sebi and requested it to lift certain restrictions. The watchdog is examining the request, Sebi said in a statement on Monday.
Glimpses from India and around the world that will make you smile and cry.
A special court in Chhattisgarh's Bilaspur district granted bail to three persons, including two nuns from Kerala, arrested on charges of human trafficking and forced religious conversion.
Pope Francis, the first Latin American pontiff who charmed the world with his humble style and concern for the poor, died on Monday. He was 88.
State governments have requested the Centre for export incentives, lifting of import duty in the case of cotton for the textile sector and GST exemptions.
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