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Markets end in green as Sensex rises by 1,344.63 points, Nifty up by 417 points

The country's largest insurer LIC on Tuesday made a lacklustre debut on stock exchanges, listing at over 8 per cent discount after a successful initial public offering (IPO) which fetched 20,557 crore to the exchequer.
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Published on May 17, 2022 03:40 PM IST
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PTI |

LIC Market Debut: List of Biggest IPOs that made waves

Indian fintech giant Paytm listed on the market with an issue size of 18,300 crore in November but it turned into a big disappointment due to, what analysts said, overpriced listing. Here is a list of some of the biggest IPOs in India and in the world.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
IPO stands for Initial Public Offering and it is when the promoters of the company in question for the first time want to raise additional funds by offering shares of the company.
Published on May 17, 2022 02:56 PM IST
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By | Written by Ishika Yadav

Musk says Twitter purchase will not go ahead without clarity on spam accounts

Twitter chief executive Parag Agrawal said the platform suspends more than a half-million seemingly bogus accounts daily, usually before they are even seen, and locks millions more weekly that fail checks to make sure they are controlled by humans and not by software.
Billionaire Elon Musk.(REUTERS)
Billionaire Elon Musk.(REUTERS)
Published on May 17, 2022 02:06 PM IST
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AFP |

Navigating finances as a single mom with a high debt liability

As a single mother, navigating finances with the burden of loans and high credit card bills can be an uphill climb. Find out how you can make the journey smoother. 
Financial planning for single mothers is akin to that of single income households
Financial planning for single mothers is akin to that of single income households
Published on May 17, 2022 02:05 PM IST
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ByHT Brand Studio

April wholesale inflation surges to 15.08%, up from 14.55% in March 

Wholesale prices rose 15.08% in April from a year earlier, data released by the Commerce Ministry showed Tuesday.
Rising consumer inflation has increased the cost of living for average Indians, who are paying higher prices for a range of commodities, from fuel, electronics and transport to basic food items. (REUTERS File Photo)
Rising consumer inflation has increased the cost of living for average Indians, who are paying higher prices for a range of commodities, from fuel, electronics and transport to basic food items. (REUTERS File Photo)
Published on May 17, 2022 12:30 PM IST
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Bloomberg |

Video: ‘3..2…1’- The moment LIC made much-anticipated market debut

  • Founded in 1956 by nationalising and combining more than 240 firms, LIC has for decades been the synonymous with life insurance until the entry of private companies in 2000, experts say. The LIC IPO - India's largest - fetched the government 20,557 crore.
LIC chairperson Mangalam Ramasubramanian Kumar ringing the opening bell.
LIC chairperson Mangalam Ramasubramanian Kumar ringing the opening bell.
Published on May 17, 2022 11:24 AM IST
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Written by Ishika Yadav | Edited by Swati Bhasin

Indian rupee hits record low, market watches for RBI's intervention

  • Traders will also watch for central bank intervention if the currency racks up sharper losses during the session.
Rupee falls 14 paise to 77.69 against US dollar in early trade.(PTI)
Rupee falls 14 paise to 77.69 against US dollar in early trade.(PTI)
Published on May 17, 2022 09:53 AM IST
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Reuters |

Sensex rallies 362 points to 53,336 in early trade, Nifty climbs to 15,964

  • Sensex rallies 362 points to 53,336 in early trade, Nifty climbs to 15,964.
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
People watch the Sensex on a screen outside Bombay Stock Exchange (BSE) in Mumbai. (PTI File Photo)
Published on May 17, 2022 09:35 AM IST
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LIC market debut lacklustre after record IPO: 10 points 

LIC market debut: The LIC IPO has been the country's largest so far but a weak debut comes as a disappointment. 
LIC market debut: The insurance behemoth had a record IPO last week. ((ANI) )
LIC market debut: The insurance behemoth had a record IPO last week. ((ANI) )
Published on May 17, 2022 09:22 AM IST
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By | Edited by Swati Bhasin

Hacker shows off a way to unlock Tesla models, start cars

There’s no evidence that thieves have used the hack to improperly access Tesla vehicles. The carmaker didn’t respond to a request for comment. NCC provided details of its findings to its clients in a note on Sunday, an official there said.
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany.(File photo via REUTERS)
Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany.(File photo via REUTERS)
Updated on May 17, 2022 07:41 AM IST
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Bloomberg |

Elon Musk gives strong hint to buy Twitter for lower price amid bot row: Report

Elon Musk's offer to buy Twitter at $44 billion has garnered attention of techies world over. 
Elon Musk said it is important for all users to fix their Twitter feed.(AP)
Elon Musk said it is important for all users to fix their Twitter feed.(AP)
Published on May 17, 2022 06:17 AM IST
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By | Edited by Swati Bhasin

LIC IPO to be listed on stock markets tomorrow. Check share price, other details

LIC is the biggest IPO offering in the country, and had closed with nearly 3 times subscription, mostly by retail and institutional buyers. The foreign investor participation was muted.
LIC will list its shares on the stock exchanges on Tuesday(HT File)
LIC will list its shares on the stock exchanges on Tuesday(HT File)
Published on May 16, 2022 07:36 PM IST
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By | Edited by Aryan Prakash

Explained: Why India, world's 2nd-largest producer of wheat, banned its export

  • G7 agriculture ministers meeting in Germany said that such measures "would worsen the crisis" of rising commodity prices. "If everyone starts to impose export restrictions or to close markets, that would worsen the crisis," German Agriculture Minister Cem Ozdemir said.
Some parts of India, commerce secretary BVR Subrahmanyam said on Sunday, have seen prices in wheat and flour jump 20 to 40 percent in recent weeks.(Representational image)(PTI)
Some parts of India, commerce secretary BVR Subrahmanyam said on Sunday, have seen prices in wheat and flour jump 20 to 40 percent in recent weeks.(Representational image)(PTI)
Published on May 16, 2022 05:13 PM IST
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AFP |

McDonald's to exit Russia, sell business amid Ukraine war

McDonald's in March closed all of its 850 restaurants in the country, where it says it employs 62,000 people.
 A logo of the McDonald's restaurant is seen in the window with a reflection of Kremlin's tower in central Moscow.(REUTERS)
 A logo of the McDonald's restaurant is seen in the window with a reflection of Kremlin's tower in central Moscow.(REUTERS)
Published on May 16, 2022 04:59 PM IST
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AFP |

Bitcoin back below $30,000; European regulators renew crypto warnings

Bitcoin fell 5% to around $29,700 on Monday in Asian trade, sliding alongside stocks because of worries about high inflation and rising interest rates.
Bitcoin back below $30,000; European regulators renew crypto warnings(REUTERS)
Bitcoin back below $30,000; European regulators renew crypto warnings(REUTERS)
Published on May 16, 2022 03:49 PM IST
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Reuters |

Apollo makes $1 billion bet on Indian property with lending plan

Apollo Global Management Inc. is planning to lend about $1 billion to developers in India this year, betting on a recovery in the residential property market as the pandemic eases.
Apollo makes $1 billion bet on Indian property with lending plan | Representational image (Bloomberg)
Apollo makes $1 billion bet on Indian property with lending plan | Representational image (Bloomberg)
Published on May 16, 2022 03:42 PM IST
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Bloomberg |

Markets close in green with Sensex rising by 180 points, Nifty up by 81 points

Among the Sensex firms, NTPC, Bajaj Finance, Maruti, State Bank of India, HDFC, Kotak Mahindra Bank, M&M, IndusInd Bank, Larsen & Toubro, Titan and HDFC Bank were the biggest gainers.
The Bombay Stock Exchange.
The Bombay Stock Exchange.
Published on May 16, 2022 03:36 PM IST
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PTI |

Biological E. cuts price of Corbevax Covid-19 vaccine to 250 per dose

It would result in end users paying a price of 400 a dose, including taxes and administration charges, the company said in a statement.
Corbevax vaccine, manufactured by Hyderabad-based Biological E. Limited, is being used to inoculate children against Covid-19 in the 12-15 age group. (Santosh Kumar/Hindustan Times)
Corbevax vaccine, manufactured by Hyderabad-based Biological E. Limited, is being used to inoculate children against Covid-19 in the 12-15 age group. (Santosh Kumar/Hindustan Times)
Published on May 16, 2022 02:03 PM IST
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PTI |

Sensex jumps nearly 274 points in early trade; Nifty climbs to 15,873

The 30-share BSE benchmark was trading 273.74 points higher at 53,067.36 in early deals. The broader NSE Nifty gained 91.1 points to 15,873.25.
Markets open in green as Sensex rises over 100 points, trades at 53,056; Nifty up over 80 points to 15,862
Markets open in green as Sensex rises over 100 points, trades at 53,056; Nifty up over 80 points to 15,862
Updated on May 16, 2022 09:56 AM IST
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PTI |

LIC Debut puts millions of small investors' faith to test

Prime Minister Narendra Modi’s government raised $2.7 billion by selling shares in Life Insurance Corporation of India, including to millions of families nationwide that hold LIC policies.
An exterior view of Life Insurance Corporation of India's (LIC) headquarters, in Mumbai(Reuters File Photo)
An exterior view of Life Insurance Corporation of India's (LIC) headquarters, in Mumbai(Reuters File Photo)
Published on May 16, 2022 08:51 AM IST
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Bloomberg |

Adani to become India's second-biggest cement maker with $10.5 bn Holcim deal

Ambuja and ACC have a combined capacity to produce at least 70 million tonnes of cement annually, second to UltraTech Cement which has 120 million tonnes capacity.
Asia's richest person Gautam Adani's conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC in fierce bidding with local companies.
Asia's richest person Gautam Adani's conglomerate acquired 63.19% of Ambuja Cements Ltd and its subsidiary ACC in fierce bidding with local companies.
Published on May 16, 2022 05:38 AM IST
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Reuters |

Egypt's economy loses USD 7 billion due to Russia-Ukraine war

Before the beginning of Moscow's operation in Ukraine, Egypt had been importing 42 per cent of its grains from Russia and Ukraine, Madbouly said, adding that 31 per cent of all tourists visiting the country were also from these two countries.
File photo of Egyptian Prime Minister Moustafa Madbouly(REUTERS)
File photo of Egyptian Prime Minister Moustafa Madbouly(REUTERS)
Published on May 15, 2022 11:41 PM IST
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ANI | , Cairo

Crypto world stabilizes after rocky week shakes stablecoins

Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates, but have started showing signs of settling.
Crypto world stabilizes after rocky week shakes stablecoins(REUTERS file photo)
Crypto world stabilizes after rocky week shakes stablecoins(REUTERS file photo)
Published on May 14, 2022 07:06 AM IST
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Reuters |

Twitter CEO after Elon Musk bombshell: 'No one working just to keep lights on'

Elon Musk triggered a spell of uncertainty with his announcment that the $ 44 billion deal would be on hold for now. 
Twitter CEO Parag Agrawal and Tesla chief Elon Musk.
Twitter CEO Parag Agrawal and Tesla chief Elon Musk.
Published on May 14, 2022 05:59 AM IST
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Goods exports surged 30.7% to $40.19 bn, imports hit $60.3 bn

Taking together goods and services, India’s overall exports in April are estimated at around $67.79 billion, a growth of 38.9% over the same period last year
India is banking on recently signed free trade agreements (FTAs) with the United Arab Emirates (UAE) and Australia to boost its exports. (REUTERS File Photo)
India is banking on recently signed free trade agreements (FTAs) with the United Arab Emirates (UAE) and Australia to boost its exports. (REUTERS File Photo)
Updated on May 14, 2022 01:00 AM IST
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ByRajeev Jayaswal

Tesla puts India entry plan on hold after deadlock on tariffs: Report

The government is pushing Tesla to commit to manufacturing locally before it will lower tariffs, which can run as high as 100% on imported vehicles.
Tesla did not respond to an email seeking comment.(Reuters)
Tesla did not respond to an email seeking comment.(Reuters)
Published on May 13, 2022 04:54 PM IST
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Reuters |

Twitter shares slump after Elon Musk says takeover on hold

Tesla CEO Elon Musk said in a statement announcing his deal to buy Twitter last month that he wants to defeat spam bots, authenticate all humans and make its algorithms open source.
Twitter slumped 20% pre-market after Elon Musk’s tweet, and Tesla shares rose roughly 5%. (REUTERS/Dado Ruvic/Illustration)
Twitter slumped 20% pre-market after Elon Musk’s tweet, and Tesla shares rose roughly 5%. (REUTERS/Dado Ruvic/Illustration)
Published on May 13, 2022 04:00 PM IST
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Bloomberg |

India’s exports in April surged 30.7% as imports jumped by 30.97%

This left a trade deficit of over $20 billion mainly because of surging international oil prices due to the Ukraine war
India’s exports of petroleum products surged about 128% ($8.26 billion). (AFP)
India’s exports of petroleum products surged about 128% ($8.26 billion). (AFP)
Published on May 13, 2022 03:48 PM IST
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ByRajeev Jayaswal

Markets end week in red; Sensex slumps over 130 points, Nifty down 26 points

Among the Sensex firms, State Bank of India, ICICI Bank, NTPC, Bharti Airtel, Bajaj Finserv, Axis Bank and Maruti were the biggest laggards.
BSE Sensex (File Photo)
BSE Sensex (File Photo)
Published on May 13, 2022 03:40 PM IST
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PTI |
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Tuesday, May 17, 2022