Shares of RBL Bank are expected to remain in focus on Friday, August 29, following a substantial bulk deal by French multinational lender Societe Generale, which bought over Rs 79 crore worth of shares in the private sector bank. The deal, executed via open market bulk trades on Thursday, involved the acquisition of more than […]
Asian stocks: Asian stocks mixed as investors await key US inflation data
Asian equities opened subdued after US stocks set a new high, lifted by data underscoring economic strength ahead of the Federal Reserve’s favored price gauge due Friday. Shares opened lower in Japan and Australia while South Korea climbed. Oil fell 0.6% after gaining in the previous session on waning prospect of a peace agreement between […]
Uno Minda share price: Uno Minda shares surge 18% since August 6 following strong Q1 results
ET Intelligence Group: Shares of Uno Minda hit a record high of ₹1,301 on Thursday morning taking the total gains to 18% since August 6 when the auto components company reported strong June quarter numbers. Investors’ interest in the counter can be attributed to the fact that the company’s revenue exposure to overseas markets is […]
This smallcap stock turns Rs 10,000 into Rs 6 lakh in 5 years; eyes stock split
Websol Energy System, a manufacturer of solar cells and modules, has announced that it will hold a board meeting on September 1 to consider and approve a proposal to split its equity shares. The proposal involves a subdivision of its existing shares, which currently have a face value of Rs 10 each. The news comes […]
Gainers & Losers: Ola up 8%, Adani Total down 7%. Check 4 more big movers
Newsmakers of D-Street Indian headline indices ended with sharp cuts on Thursday as US tariffs and monthly expiry weighed on the markets. The sell-off was seen across the board while more prominent in banks, IT and FMCG stocks. While Nifty fell 211.15 points or 0.85% to close at 24,500.90, the 30-stock S&P BSE Sensex finished […]
Lot of disclosures to stock exchanges ‘probably leaves a lot for imagination’: Sebi official
A lot of disclosures made by companies to stock exchanges “probably leaves a lot for imagination”, a Sebi official said on Thursday. At a conference in the national capital, Rajesh Dangeti, Chief General Manager of Corporation Finance Department (CFD) at the Securities and Exchange Board of India (Sebi), also emphasised the need to ensure that […]
Stock market investors lose nearly Rs 10 lakh crore in 2 days of sharp fall on US tariffs
Equity investors became poorer by Rs 9.69 lakh crore in two days of sharp fall in the stock markets, where the benchmark Sensex tumbled 1,555 points. The additional 25 per cent tariff imposed by the US on India came into effect on Wednesday, bringing the total amount of levies imposed on New Delhi to 50 […]
Nasdaq ticks slightly higher after Nvidia results
Stocks on Wall Street were down slightly in early trading Thursday, following new economic data and a mixed batch of earnings reports from big U.S. companies. The S&P 500 slipped 0.1% a day after climbing to a new high. The Dow Jones Industrial Average dropped 52 points, or 0.1%, as of 10:02 a.m. Eastern time. […]
gems jewellery exports hit: 50% US tariff shock rocks India;₹10 lakh cr market wealth wiped out | Two Sharp with ET – The Economic Times Video
In this episode of Two Sharp with ET, Nisha Poddar breaks down the double blow India faces:Trump’s 50% Tariff Shock: The US has doubled tariffs on Indian exports, hitting $87 billion worth of goods. Peter Navarro accuses India of fuelling “Modi’s war” by buying Russian oil. Former RBI Governor Raghuram Rajan warns the move is […]
Societe Generale buys stake worth Rs 79 crore in RBL Bank via bulk deal
French multinational bank Societe Generale on Thursday bought over 31 lakh shares worth Rs 79 crore in RBL Bank via bulk deals. The shares were bought at a price of Rs 250.57 apiece which was a 2% discount over the Tuesday closing price. Shares of RBL Bank today ended at Rs 253 on the NSE, […]