The Reserve Bank India’s (RBI’s) decision to ban the onboarding of new accounts on the “bob World” mobile digital platform led to a selloff in the Bank of Baroda (BoB) stock. The stock of the public sector bank dropped by around 3 per cent. The central bank cited “material supervisory concerns”; news reports claimed mobile numbers were randomly linked to […]

Stocks fluctuated over the course of the trading session on Wednesday but managed to end the day mostly higher. With the upward move, the major averages all closed higher for the fourth consecutive session. The major averages moved to the upside going into the close, ending the session near their best levels of the day. The Nasdaq advanced 96.83 points […]

Sales of fast-moving consumer goods (FMCG) witnessed significant recovery in September after enduring a double-digit decline in August, according to data furnished by Bizom. Kirana stores in rural areas stocked up in preparation for the festival season, which began in September. This, combined with rainfall reaching 113 per cent of the long-perid average for the month, contributed to a boost […]

After seeing some strength earlier this morning, the major U.S. stock index futures have pulled back sharply following the release of a Labor Department report showing U.S. employment surged by much more than expected in the month of September. The Labor Department said non-farm payroll employment shot up by 336,000 jobs in September after jumping by an upwardly revised 227,000 […]

Sugar prices are hovering near six-year highs, leaving a bad taste in Indian consumers’ palates but sweetening the portfolios of investors in related stocks at Dalal Street. Shares of sugar manufacturers such as Piccadily Agro, DCM Shriram, Magadh Sugar, and Bajaj Hindustan have rallied up to a whopping 200 per cent so far in the financial year 2024 (FY24) as […]

Consumption-related stocks, such as hotels, and quick service restaurants (QSRs), have been hitting the ball out of the park ahead. On the other hand, the Miss World Pageant scheduled for later this year in New Delhi, too, could provide some tailwind to these stocks, especially hotels and aviation. However, analysts suggest investors put their best foot forward and buy these […]

Metal and mining companies, such as Tata Steel, JSW Steel, Hindalco, and Coal India, have been among the top-performing sectors on the bourses in recent months. The S&P BSE Metal Index is up 13 per cent in the past three months, rallying 29 per cent in the past year, outperforming the broader market. For comparison, the benchmark S&P BSE Sensex […]

JetBlue (JBLU) has teamed up with Uber to offer vouchers to customers who face travel delays. Uber for Business, Uber’s enterprise arm, and JetBlue announced that the airline will offer complimentary Uber vouchers to JetBlue customers who experience qualified travel disruptions. The companies aim to ease the burden in what is typically a stressful situation for travelers. The program is […]

Analysts assert that Vedanta Group’s plan to demerge India-listed Vedanta Limited into six listed entities will not resolve the debt problem of its promoter entity, Vedanta Resources (VRL). They suggest that additional asset sales or stake sales by promoters will be necessary to repay the debt. Vedanta is already considering the divestment of its iron-steel division and its copper plant. […]