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Quick Reads Summary is AI generated, newsroom reviewed. UnitedHealth CEO Andrew Witty announced his abrupt resignation. Stephen J Hemsley will return as CEO after previously serving from 2006-2017. Witty will transition to a senior advisor role following his departure. Andrew Witty, insurance giant UnitedHealth’s CEO, suddenly announced his decision to step down on Tuesday. He …
Quick Reads Summary is AI generated, newsroom reviewed. Indian equity markets declined sharply after a record rally. Sensex fell over 1,000 points at 10:30 am, extending its losses Major losers included Infosys, Zomato, and HCL Tech Mumbai: Indian equity markets crashed this morning, a day after witnessing a record rally due to major geopolitical developments, …
New Delhi: The understanding for a ceasefire between India and Pakistan brought cheers for investors who were richer by more than Rs 16 lakh crore in a single day — as Sensex and Nifty gained a massive nearly 4 per cent in a bull rally seen after February 2021. The Indian stock markets delivered their …
New Delhi: The Uttar Pradesh Cabinet has approved the signing of a power purchase agreement (PPA) between the Uttar Pradesh Power Corporation Limited (UPPCL) and Adani Power Limited (APL) for the supply of 1,600 MW of power over a period of 25 years. APL had secured the bid through a competitive bidding process conducted in …
New Delhi: Global brokerage Morgan Stanley has reaffirmed its positive long-term outlook on Indian equities, highlighting that India is likely to outperform in a global bear market scenario. According to a note by the brokerage, the opportunity to invest in India’s long-term structural growth story is now, though it will require patience, given the potential. …
New Delhi: The growth momentum in the Indian manufacturing sector improved in April, with output increasing at the fastest pace since June 2024, on the back of another strong expansion in order books, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 58.1 in March to …
Mumbai: The domestic benchmark indices opened higher on Tuesday amid positive cues from global markets, as buying was seen in the PSU bank, auto and IT sectors in the early trade. At around 9.25 am, Sensex was trading 409.4 points or 0.51 per cent up at 80,627.85 while the Nifty climbed 118.10 points or 0.49 …
Mumbai: Equity benchmark indices Sensex and Nifty rebounded on Monday amid continued foreign fund inflows. The 30-share BSE benchmark gauge jumped over 1,000 points and crossed the 80,000-mark, while the NSE Nifty rallied more than 300 points to 24,340 as of 12:30 pm. Reliance Industries, Mahindra & Mahindra, ICICI Bank, Tata Steel, State Bank of India, …
Mumbai: Indian equity markets are trading in the red as tensions soar between India and Pakistan over the Pahalgam terror attack in Kashmir. Sensex, the 30-share BSE benchmark, has crashed over 1,000 points and is now trading below the 79,000-mark. Nifty, the NSE index of 50 shares, fell below 24,000 points. The markets went up …
Mumbai: Equity benchmark indices Sensex and Nifty declined in early trade on Thursday amid profit-taking after a seven-day rally and muted trend in Asian markets. The 30-share BSE benchmark declined 242.01 points to 79,874.48 in early trade. The NSE Nifty went down by 72.3 points to 24,256.65. In the past seven trading days, the BSE …