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The benchmark 10-year bond yield fell four basis points to 6.48% after the comments. 

Novo shares plunged as much as 12.4% in Copenhagen, hitting the lowest level since July 2021. Their value has more than halved this year amid investor concerns over Novo’s long-term competitiveness in obesity, a booming market it helped create.

Jairam Sridharan, MD & CEO of Piramal Finance and Krishnan Sitaraman, Chief Ratings Officer at Crisil Ratings discuss NBFC sector growth, rising LAP risks, funding pressures, and the outlook for margins and asset quality.

Talks are at an early stage, and no decision has been made on the size of the offering. The move marks Sembcorp’s second attempt to list its India business after withdrawing a draft prospectus in January 2019 to inject new…

Sources tell CNBC-TV18 that Everstone Capital has revived efforts to exit Restaurant Brands Asia, with multiple bidders submitting premium bids and a promoter change likely to trigger an open offer.

ACME secured the 130 MW Indian Railways’ RTC project with a bid of ₹4.35 per unit. The discovered tariff suggests a rising competitiveness of hybrid renewable energy solutions combining solar, wind, and battery storage to deliver high-capacity-utilisation power throughout the…

The Nifty 50 closed 0.42% lower at 25,960, slipping below the 26,000 mark, while the Sensex dropped 441 points to 84,791.

The IT and ITES industry, one of the country’s most formalised sectors and a major employer, will see statutory costs rise across salary structures, health requirements, and compliance processes.

Devina Mehra of First Global said that the broader market remains narrow, with only a small share of stocks outperforming despite index gains. She also cautioned that global diversification requires more than US tech exposure, pointing to the risks in…

The tragic crash of Tejas fighter jet in Dubai will not impact HAL’s business operations, financial performance or its future deliveries, the company said.