The initial public offering of Bharat Coking Coal Ltd (BCCL), a Coal India subsidiary, was subscribed 33.6 times on the second day of bidding on Monday, reflecting strong demand from non-institutional and retail investors, exchange data showed.The Rs 1,071-crore issue received bids for 11,65,79,29,200 shares against 34,69,46,500 shares on offer, according to data available with…
MUMBAI: In volatile trades on Monday, the sensex tanked nearly 700 points in early trades and then reversed all the losses by mid-session on growing optimism about an India-US trade deal. The index finally closed the session up 302 points, at 83,878 points, its first session of gains after five consecutive sessions of losses during…
BENGALURU: TCS posted a muted showing in a seasonally weak Dec quarter marred by furloughs, while HCLTech emerged as a bright spot, with management underscoring resilience in demand.Global uncertainty weighs on spending, but demand for technology-led transformation remains strong, with discretionary spends emerging selectively even as cost-takeout deals dominate client priorities. Both firms’ net profit…
MUMBAI: Global private equity (PE) investors want to bet big on India and are scouting for investments, but President Trump’s tariffs and broader geopolitical risks are slowing down the pace of deal closures—PEs invested $35.5 billion in the country during Jan-Nov 2025, about 16% lower compared to the year-ago period, data sourced from EY showed….
NEW DELHI: BMW has cautioned that Chinese carmakers may use the India-EU trade agreement to enter the domestic market and has asked govt to ensure checks to avoid possible misuse while suggesting that cars only above a certain threshold be allowed to take advantage of the proposed deal.“The apprehension is if small cars start coming…
Representative image (AI) Asian share markets rose on Tuesday, led by a strong rally in Japanese stocks as investors bet on technology and AI-led growth. At the same time, uncertainty over the independence of the US Federal Reserve lifted gold prices and pressured the dollar.Japan’s Nikkei index surged after reopening from a holiday, jumping 3.4%…
MUMBAI: Three banks on Monday appealed against interim relief granted to industrialist Anil Ambani last month by a single-judge bench of the Bombay high court. The judge had restrained the lenders from taking action against Ambani’s accounts based on a forensic audit report (FAR) of 2020.The HC, had in Dec, agreed with Ambani’s contention that…
Gold price prediction today: Praveen Singh of Mirae Asset Sharekhan is of the view that gold and silver prices may continue to rise, though he adds that the risk appetite in global markets is improving. Here’s his outlook on gold and silver prices: Source link
AHMEDABAD: Maruti Suzuki India will invest Rs 4,960 crore to set up its second passenger vehicle manufacturing plant in Gujarat, with the board approving land acquisition at Khoraj Industrial Estate near Ahmedabad. The new factory will add 10 lakh vehicles a year to the company’s capacity in the state. Maruti operates a plant at Hansalpur…
MUMBAI: RBI on Monday purchased another tranche of govt securities worth Rs 50,000 crore from the gilt market, its third tranche of such purchases of the total Rs 2 lakh crore that the central bank had committed in its policy. Economists feel given global uncertainties, RBI would need to infuse more liquidity into the system….
