Nifty IT jumped more than 3 percent on Monday, with largecap shares such as Infosys and midcap stocks including Persistent Systems surging up to 5 percent, as a global rally in artificial intelligence-linked shares spilled over to Indian markets. Indian IT stocks bucked weakness across most sectors, making Nifty IT the best-performing sectoral index by a wide margin, while benchmark indices and mo...

Dilip Shanghvi is moving ahead with what could become his biggest deal yet, with a binding offer of nearly $13 billion submitted for US-based Organon & Co, an Economic Times report said on Friday. The proposed acquisition is part of Sun Pharmaceutical Industries' broader push to evolve from an Indian generics leader into a global branded and innovation-driven drugmaker.Sun Pharma, India's largest ...

Pharma shares declined up to 4 percent in Thursday’s trade after reports that the administration of US president Donald Trump may announce tariffs on drugmakers that have not entered into agreements to ensure lower prices in the United States.Shares of Biocon, Sun Pharmaceutical Industries and Divi's Laboratories were among the major losers.The Nifty Pharma index extended losses for the fourth c...

India’s power sector is holding steady even as global energy markets remain volatile, with strong domestic demand and a gradual shift toward cleaner sources supporting the outlook.“This sector is a domestic consumption-led industry,” said Rupesh Sankhe of Elara Securities, adding that demand across industrial, commercial, agricultural and residential segments remains robust. Power demand has...

The shares of metals-to-oil conglomerate Vedanta dropped more than 8 percent on January 30 after the company released its results for the third quarter of the ongoing financial year 2026. Brokerages have mixed views for the stock.The shares of the company dropped to Rs 702.4 apiece in the morning trading hours of Friday to snap a six-session gaining streak. This comes a day after the stock hit a f...