BUSINESS

More money has been lost by trying to invest in ‘The next HDFC Bank’ than in doing nothing and allowing inflation to erode it away. Any doubts, check with the long-term investors in bank IPOs over the last decade..The abysmal...

Notwithstanding the geopolitical issues and subsequent turbulence in the equity markets, the mutual fund industry has managed to add one crore unique investors identified by their PAN in the last one year.The unique investor count has increased 23 per cent...

The stock of Apollo Hospitals Enterprises (₹6,611.55) is ruling at a crucial level. Immediate resistance levels are at ₹6,708 and ₹6,955. A close above the latter will change the medium-term outlook positive. The stock finds support at ₹6,422 and ₹6,274. F&O pointers: Apollo Hospitals March futures and April...

After nearly three months of relentless selling, Foreign Portfolio Investors (FPIs) have this past week moderated their outflows from Indian equities, contributing to a sharp rebound in the stock markets. Depository data shows that FPI equity outflows narrowed to ₹31,719...

On April 1, four years ago, piqued by the incessant jokes in the village at his expense, Bandu Barve decided he’d had enough. It was time for him to turn ‘smart’. His dead granny’s voice rang in his ears —...

HDFC Bank (₹1,769.85)Breaks out of a resistanceHDFC Bank’s stock has largely been moving in a sideways trend since early February. It has been oscillating between ₹1,670 and ₹1,740. Last week, it surpassed the resistance at ₹1,740, opening the door for...

At a time when the Southern States have united to seek assurance that their political representation will not be impacted by delimitation, Finance minister Nirmala Sitharaman said that the timing of raising this issue seems political ahead of the 2026...

Nifty 50, Sensex and the Nifty Bank indices witnessed a strong surge last week. Nifty and Sensex were up over 4 per cent. Nifty Bank index on the other hand rose over 5 per cent. On the short-term chart, Sensex...

Karur Vysya Bank said the assessment unit of the Income Tax Department has raised a demand of ₹ 160.33 crore for the AY (assessment year) 2023-24 pertaining to FY (financial year) 2022-23 on account of certain additions and disallowances made.The...