NEWS HEADLINES PUNJAB
Get the latest updates, insights, and analysis on business trends, market developments, and economic news from Punjab and beyond.
The Big Bull’s Fall: Harshad Mehta and the 1992 Stock Market Scam The Rise of the Big Bull Harshad Shantilal Mehta, widely recognized as “The Big Bull,” was a key figure in transforming the Indian stock market during the late 1980s and early 1990s. Starting his career as a small-time stockbroker, Mehta gradually gained an … Read more
Indian stock market rebound; Benchmark Indices Recover Ground Optimism The Indian stock market rebounded strongly on Friday after facing heavy selling pressure during Thursday’s trading session. The S&P BSE Sensex climbed 786.37 points, or 1%, to 79,830.11, while the NSE Nifty50 gained 232.25 points to reach 24,146.40 by 1:25 PM IST. Key sectors such as … Read more
FPI outflows; Domestic Stock Market Face Persistent Selloff Challenge The Indian stock market is grappling with unrelenting foreign portfolio investor (FPI) outflows, as Thursday’s trading session witnessed a massive selloff of Rs 11,756.25 crore. According to data from the National Securities Depository Limited (NSDL), net FPI flows for the calendar year 2024 have turned negative, … Read more
HDFC Bank Record High Stock Hits, Market Cap Exceeds ₹14 Lakh Crore HDFC Bank, one of India’s largest private-sector lenders, is on an extraordinary winning streak, achieving a record high for the fourth consecutive session. On Thursday, November 28, the banking heavyweight hit ₹1,836.10 per share, its highest-ever valuation, propelling its market capitalization beyond the … Read more
Bitcoin Crosses $95K as Crypto Market Sentiment Hits ‘Extreme Greed’ The cryptocurrency market witnessed a robust recovery on Thursday, with Bitcoin (BTC) surpassing the $95,000 mark, reflecting a 24-hour gain of 2.95%. Altcoins, including Ethereum (ETH), Solana (SOL), and Ripple (XRP), followed suit, landing mostly in the green. The overall market sentiment, measured by the … Read more
Paytm Stock Hits 52-Week High as UBS Revises Target Price to ₹1,000 Shares of One97 Communications, the parent company of digital payments giant Paytm, soared to a 52-week high on November 28, driven by renewed investor confidence and a significant target price revision by global brokerage firm UBS. The fintech stock climbed to an intraday … Read more
LIC Clarifies on Reports of Acquiring 50% Stake in ManipalCigna Public sector insurance giant Life Insurance Corporation of India (LIC) has issued a clarification regarding a recent media report suggesting its interest in acquiring a significant stake in ManipalCigna Health Insurance. The Economic Times had earlier reported that LIC was engaged in discussions to acquire … Read more
Sensex Crashes Nifty Below as Markets Slide Amid Geopolitical Tensions Mumbai, November 28, 2024 – Indian stock markets experienced a sharp decline on Thursday, with benchmark indices plunging significantly due to escalating geopolitical tensions and heavy profit booking. The 30-share BSE Sensex fell over 1,300 points, closing at 79,073.69, while the broader NSE Nifty slipped … Read more
Rakesh Jhunjhunwala – The Big Bull’s Tale of Dreams, Love, and Legacy Rakesh Jhunjhunwala’s story is one of grit, ambition, and an extraordinary rise from modest beginnings. Starting with just ₹5,000, he built a financial empire valued at over ₹40,000 crore, earning the moniker “India’s Big Bull.” Yet, beyond the staggering numbers and his unparalleled … Read more
Indian Rupee Hits Record Low: Causes, Impacts, Future Implications In recent days, the Indian rupee has witnessed an alarming fall, reaching a record low against the U.S. dollar. This depreciation of the Indian currency has not only concerned policymakers but also raised questions among investors, consumers, and global trade partners. Here, we examine the driving … Read more