Surprising turn of events: Starbucks has appointed Brian Niccol, Chipotle’s CEO right now, as its new chairman and CEO. For Starbucks, who is juggling activist investors and a need to get back on track, this significant change in the management team comes at a difficult period. Niccol is a fantastic leader at Chipotle, hence he…
On August 1, 2024, the Indian stock market had a day of mixed results. It hit a high of 25,078.3 and a low of 24,956.4 before ending the day at 24,951.15, up by 0.24%. A Look at the MarketOn the other hand, the Sensex moved between 82,129.49 and 81,700.21. It ended the day 0.15% higher,…
Backed by SoftBank, Ola Electric, the biggest e-scooter player from India, is all prepared to come up with its much-hyped initial public offering this week. This would represent the first-ever IPO of its category by an Indian electric vehicle maker, valued at an estimated $740 million. Interest is likely to be very high from marquee…
The domestic stock market scripted a strong recovery on Friday—the fifth consecutive day of fall—which has been one of the most rare instances. A spectacular performance of blue-chip stocks and strategic value buying lifted the Nifty with nearly 2% gain to a fresh record, while the Sensex surged 1,293 points. Markets SummaryThe 30-share BSE Sensex…
The Indian stock market opened on Thursday, July 25, 2024, with notable declines in the Sensex and Nifty indices. The underperformance of the financial and metals sectors was a significant factor in the downward trend, greatly influencing overall market sentiment. Morning Market Performance The BSE Sensex dropped by 490 points, trading at 79,688.07, while the…
The Sensex has declined by 150 points, while the Nifty is currently at 24,450. Updates to the 2024 Budget in Real TimeAs Finance Minister Nirmala Sitharaman delivers the Union Budget for the seventh consecutive year, India’s stock markets are undergoing substantial volatility. Investors are intently monitoring her speech to gain insight into the NDA government’s…
Today, July 17, Indian stock markets, including BSE and NSE, remain closed in observance of Muharram. Trading will resume tomorrow, July 18. Muharram marks the beginning of the Islamic New Year and holds significance for Muslims worldwide as a time of reflection and remembrance. On July 16, the Indian benchmark indices hit new highs, with…
Leading as Sensex and Nifty Hit, ICICI Bank, Infosys, and Airtel Reach New Highs: Stock Market Highlights The day Tuesday, July 16, 2024, was noteworthy for the Indian stock market when the BSE Sensex and NSE Nifty50 reached new highs during the results season of the June quarter. On July 12, 2024, the BSE Sensex…
With a net profit of ₹383.69 crore for the first quarter of the fiscal year 2024–25, the Indian Renewable Energy Development Agency (IRDA) has announced a significant 30% rise. This amazing increase, from ₹ 294.58 crore in the same period last year, is mostly due to higher revenues.Reducing its net non-performing assets (NPAs), which declined…
As Emcure Pharma debuted on the NSE with a 31% premium, well-known investor from Shark Tank India and Emcure Pharmaceuticals executive director Namita Thapar is witnessing incredible returns on her money. Originally ₹2.19 crore, Thapar’s initial investment in the company has now risen to almost ₹671 crore following the IPO. Starting on the NSE at…
