Business

Creditors of Jaiprakash Associates have unanimously voted in favour of Gautam Adabi-led Adani Enterprises’ resolution plan, choosing it over Vedanta despite the latter placing the highest overall bid in a September e-auction, people familiar with the discussions told ET.Jaiprakash Associates (JAL), which owes lenders Rs 55,000 crore, was admitted into insolvency proceedings in June last…

Analysts indicate that developments in Indo-US trade negotiations and improving domestic corporate performance could restore market confidence. (AI image) Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened flat in trade on Wednesday. While Nifty50 was below 25,900, BSE Sensex was near 84,600. At 9:18 AM, Nifty50 was at 25,886.35, down…

Expectations remain for Gold to trade in a broad range of $3,880 – 4,150 per oz on a weekly basis. (AI image) Gold price prediction today: Gold prices could trade sideways in the coming days, though the broader upward trend is still in place, says Maneesh Sharma, AVP – Commodities & Currencies, Anand Rathi Shares…

Jefferies has initiated its coverage of WeWork India with a buy rating and a target price of Rs 790. Analysts said that the company is the largest flexible workspace operator by revenues in India. At about 17% compounded annual growth rate (CAGR), flexible workspace stock is growing at two times the pace of office stock,…

Top stocks to buy (AI image) Stock market recommendations:According to Mehul Kothari, DVP – Technical Research, Anand Rathi Shares and Stock Brokers, the top stocks to buy today are Life Insurance Corporation of India, Coromandel, and Doms Industries:Life Insurance Corporation of India – Base Formation near 200-DEMA + Dual MACD Bullish CrossoverBuy near: ₹920–₹910 |…

MUMBAI: There is a need to extend pension coverage to workers earning above Rs 15,000 a month, said M Nagaraju, secretary in the department of financial services, calling the current framework inconsistent and inadequate for large sections of salaried employees in the private sector.At the CII Financial Summit, Nagaraju said those earning below Rs 15,000…

MUMBAI: Federal Card Services (FCS), a Miami-based producer of premium payment cards, has pledged $250 million to build a manufacturing, technology, and services facility in Pune, which it will turn into a central node in its global network. The investment is expected to generate more than 1,000 jobs. A 32,000-sq-ft plant is set to begin…

BENGALURU: Edtech major PhysicsWallah’s stock price closed its debut session on the bourses on Tuesday up 44% over its IPO price as investors rushed to own a pie of the new age learning platform. With this stellar gain, the company joined a handful of start-ups-like Groww and Urban Company-that have given strong returns to their…

MUMBAI: Representatives of India’s capital market on Tuesday urged finance minister Nirmala Sitharaman to keep the securities transaction tax (STT) on cash equity lower than that of equity derivatives trades in the forthcoming Budget. They also suggested to the ministry that in case of a buyback of shares, tax should be imposed only on profits…

New Delhi: The comptroller and auditor general has written to finance ministry expressing concern over the practice of cancellation and retendering in ongoing tendering processes, which, it said, has become a major bottleneck in govt’s ambition of becoming a $7 trillion economy by 2030.In its communication to the expenditure dept, CAG said the govt must…