NEW YORK, Sept 5 – U.S. stocks ended slightly lower on Friday as investors weighed economic worries against optimism over interest rate cuts by the Federal Reserve after data showed U.S. job growth weakened sharply in August. Bank shares were among those taking the biggest hit, with the S&P 500 bank index ending 2.4% lower. […]
Kalyan Kumar set to lead Union Bank as Lalit Tyagi may join Central Bank amid reshuffle
Kolkata: Kalyan Kumar is likely to head the Union Bank of India while Lalit Tyagi is to move to the Central Bank of India, said senior people aware of development adding that the latest reshuffle is recommended by the department of financial services. This will imply that Asheesh Pandey is dropped from the top post […]
Vodafone Idea shares jump 12% on buzz of $1 billion rescue bid, extend 3-day surge
Shares of Vodafone Idea surged as much as 12.5% on Friday to Rs 7.45 on the BSE, extending a three-day rally, after The Economic Times reported the Indian government is seeking a strategic investor willing to inject $1 billion into the debt-laden telecom operator. The stock has climbed more than 14% over the past three […]
Markets stay choppy; Nifty stuck in 24,500–25,000 range
After a promising green opening, volatility returned to the markets, raising concerns over whether indices might once again end in the red. Speaking to ET Now, Vinay Rajani noted, “Yes, choppiness is still there, 350 points of correction after the positive announcement of GST. So, the market is not cheering, as we have been discussing—every […]
Oyo Q1 FY26 PAT doubles YoY to Rs 200 crore; revenue grows 47% to Rs 2,019 crore
SoftBank-backed Oyo recorded a profit after tax (PAT) of over Rs 200 crore in quarter one of the current fiscal year, as per an email from founder Ritesh Agarwal to the company’s management committee and its shareholders. The email was seen by ET. In a separate notification sent to its shareholders and seen by ET, […]
SpiceJet Q1 Results: Airline slips into red with Rs 234 crore YoY loss, revenue falls 36%
Budget carrier SpiceJet on Friday reported a consolidated net loss of Rs 234 crore in the quarter ended June 30, 2025, versus a net profit of Rs 158 crore posted in the year-ago period. The revenue from operations fell 36% on a year-on-year basis to Rs 1,060 crore compared to Rs 1,646 crore in the […]
Back-to-back settlement holidays to delay trade processing; what investors need to know
Investors will face a temporary disruption in trade settlements as September 5 (Friday) and September 8 (Monday) have both been declared settlement holidays. The Reserve Bank of India (RBI) shifted the public holiday for Eid-e-Milad from Friday to Monday, creating two consecutive non-working days in the equity settlement cycle. As a result, trades executed between […]
US stocks ease from record highs as slowdown fears cloud rate-cut optimism
Wall Street‘s main indexes eased from record highs on Friday after concerns about a slowdown in the world’s largest economy outweighed optimism about interest-rate cuts from the U.S. Fed following a weaker-than-expected August jobs report. Economically sensitive sectors led declines. Banks fell 2.2%, energy shed 1.7% and industrials lost 1%. Data showed the U.S. economy […]
Will FPIs campaign to unnerve DIIs or vice versa? Amid foreign exodus, Nilesh Shah says stay focused on these 2 things
Foreign investors may be retreating from Indian equities, but Kotak Mahindra AMC’s Nilesh Shah says the priority for India Inc. should remain growth and governance. In a post on microblogging site X (formerly Twitter) on Friday, Shah posed a series of rhetorical questions on the market’s shifting dynamics. “Since FPIs are underweight, will they campaign […]
Nykaa, Eternal among 5 stocks that hit 52-week high; rally up to 15% in a month – High Flyers
The benchmark Sensex closed almost flat with a slight negative bias on Friday, slipping about 7 points to settle at 80,710. Despite the muted market movement, five stocks from the BSE 200 index reached their 52-week highs, marking their highest levels in the past year. Such breakouts are typically viewed by traders and investors as […]