Gold rush no moreManappuram's shares were among the big losers on Thursday, tumbling over 8 percent. Rising gold prices were supposed to have been positive for this NBFC, considering that it allows people to borrow more for the same amount of gold. But the RBI’s directive to NBFCs to stick to a cap of Rs 20,000 while disbursing cash loans has come as a dampener. The  Honey-tongued former fund m...

Shares of Tata Motors Limited traded 2 percent higher to Rs 1,046 in morning trade on May 10, extending gains for the second session in a row, ahead of its fiscal fourth quarter results set to be announced later today.At about 9:20 am, shares of India's largest EV player were trading at Rs 1,042, higher by 1.5 percent from the previous close on the NSE. Tata Motors shares were the best performer o...

Shares of Abbott India rose 5 percent in early trade on May 10 as investors rejoiced in the company's strong performance in the January-March quarter. Meanwhile, the company also rolled out its highest-ever dividend payout, which attracted a flurry of investors to lap up the stock.At 09.17 am, shares of Abbott India were trading at Rs 26,419.20 on the NSE.The drugmaker's board approved a dividend ...

Indian benchmark indices gained on May 10 following upbeat trends in global markets, with NSE Nifty 50 rising above 22,100, and BSE Sensex climbing over 500 points. The gains come after the previous session's plunge, which dragged the benchmark indices down about 1.4 percent, with Nifty closing below the psychological mark of 22,000.At 9.30 am,  the Sensex was up 530 points or 0.7 percent at 72,9...

Russian Foreign Ministry spokesperson Maria Zakharova said that the United States (US) wants to unbalance the domestic political situation in India to complicate the ongoing general parliamentary elections in the country.Her remarks came days after the US Commission on International Religious Freedom (USCIRF) criticized India for alleged violations of religious freedom. It has also renewed its rec...