With the Sensex hitting the 80,000 level for the first time and the Nifty 50 crossing 24,300 level in a first, stock investors are wondering whether the recent rally on the two largecap indices would sustain. The 30-pack index has climbed 14,729.98 points, or 22.59 per cent, in the last one year. Nifty, on the other ha...

HDFC Bank and other heavyweight stocks helped benchmark stock market indices reach record highs on Wednesday. The S&P BSE Sensex reached 80,000 for the first time, and the NSE Nifty50 reached 24,292.15. The Sensex rose 498.51 points to 79,939.96 and the Nifty 134.80 points to 24,258.65 at 9:22 am. All 13 key sector...

Divya Delhi: SEBI sent Hindenburg Research a 46-page show cause notice on June 27 for its Adani report. According to a SEBI show cause notice highlighted in a July 2 blog post by US-based Hindenburg Research, its only investor relationship for the Adani thesis generated $4.1 million in gross revenue from Adani shorts g...

Divya Delhi: Despite a record-breaking demand for air conditioners during the April-June period, companies like Godrej Appliances, Haier, and Super Plastronics are struggling to meet the demand due to a severe demand-supply mismatch. The unprecedented heat wave has led to a 50% year-on-year growth in air condition...