Billionaire Anil Agrawal-led Vedanta Ltd stock continued to fall on Tuesday, tumbling down nearly 9% at Rs 261.95. Earlier this month, the government opposed the company’s proposal to sell its international zinc business to Hindustan Zinc Ltd for $2.98 billion over valuation concerns.According to reports, the government threatened to take legal action to stop the sale of the Africa-based assets ...

Bank Nifty recovered over 1000 points from day’s low, settling above 40,350 on Monday. The index fell over 2% intraday, triggered by the red flags raised by the US short-seller on Adani group’s debt. The shares of the IndusInd Bank lead losses, falling over 1%, dragging the banking index lower but towards the end, majority of Bank Nifty constituents concluded in green. The index slipped below ...

Finance Minister Nirmala Sitharaman will table her fifth Union Budget in Parliament on 1 February 2023. Markets have turned volatile in the last one week in the run-up to the Union Budget; this is keeping in trend with the one month performance of stock market prior to the Budget in the last five years. Benchmark Nifty 50 fell four times on a monthly basis ahead of the Union Budget, out of the las...

A powerful 7.1 magnitude earthquake struck the Philippine island of Luzon on Wednesday, the U.S. Geological Survey said, with strong tremors felt in many areas including in the capital Manila.There were no immediate reports of damage or injuries from the quake which occured at a shallow depth of 10 km (6 miles).USGS said the earthquake's epicentre was about 11 km (six miles) east-southeast of the ...

Stocks face more losses Friday on deepening fears of an economic downturn as monetary policy tightens to fight damaging inflation.Futures signaled losses for Japan, Australia and Hong Kong. US contracts stabilized after the S&P 500 closed at its lowest since December 2020. Technology stocks were hit particularly hard, taking 4% off the Nasdaq 100.Treasuries climbed in the Wall Street session, supp...