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Stock Market Live Updates 16 May 2024: Sensex, Nifty trade firm on global rally, soft US inflation data

Buzzing stocks

Stocks that will see action today: May 16, 2024

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Nifty prediction today – May 16, 2024: Range-bound. Stay out of the market

iStockphoto
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Bank Nifty prediction today – May 16, 2024: Index displays signs of weakness

Economy

Spices Board discussing setting of ETO limits with CODEX

The windfall profit tax was first introduced on July 1, 2022, aligning India with other nations taxing supernormal profits of energy companies.

Government reduces windfall tax on crude oil to ₹5,700 per tonne

The tax, levied as Special Additional Excise Duty (SAED), aims to moderate the impact of rising oil prices on consumers.
By PTI
LIVE

Stock Market Live Updates 16 May 2024: Sensex, Nifty trade firm on global rally, soft US inflation data

Money & Banking

SBI raises short-term retail deposit rates by 25-75 bps

Real Estate

Brookfield India Real Estate Trust acquires 50% stake in Grade A assets from Bharti Enterprises

Markets

India to see $2.5-billion passive FPI flows after MSCI rejig

Companies

Critical Mineral Play: India’s PSUs unite to acquire resources globally

News

Mumbai billboard crash throws spotlight on irregularities in outdoor media

Economy

Monsoon to hit Kerala coast on May 31, says IMD

Latest News

Titagarh Rail’s board recommended a dividend of 40% per equity share for the financial year 2023-2024.
SEE MORE

Elections 2024

Prime Minister Narendra Modi, Maharashtra Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis during a roadshow, for Lok Sabha polls, in Mumbai, on Wednesday

Grand welcome.  Modi mania hits Mumbai suburb Ghatkopar

Supporters performed Maharashtra’s traditional dance Lezim, Dandiya and Bhangra while chanting “Modi he aayega (Modi will only come)“ slogans
By Aroosa Ahmed
Matching wits

Cong-SP emulate BJP’s social engineering in UP

Rocky road

CM Yogi bats for Smriti Irani in Amethi; two rallies in 48 hours

Pakistani American businessman Sajid Tarar (file photo)
Elections 2024

Modi will return as PM of India; hope Pakistan gets leader like him: Pakistani American businessman

10 YEARS OF NDA

During the current regime, foodgrains production increased by 30 per cent to 329.68 million tonnes (mt) from 250.23 mt between 2014-15 and 2022-23. 
Elections 2024

Despite good initiatives, backing out on farm reforms is a negative

Podcast

Modi-government’s income support scheme for farmers – PM-Kisan is permanent, says T Nandakumar, former agriculture secretary

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Bold promises in education, but gap in delivery needs attention

State of the Economy

Passive investing in today’s markets

WITH Parvatha Vardhini CAnjana P V Siddharth Mathew Cherian

By Parvatha Vardhini C

By Anjana P V

By Siddharth Mathew Cherian

AI and jobs: What’s the outlook for India’s BPM sector? 

WITH Haripriya Sureban Siddharth Mathew Cherian

By Haripriya Sureban

By Siddharth Mathew Cherian

Understanding India’s real estate landscape 

WITH Abhishek LawAmitha Rajkumar

By Abhishek Law

By Amitha Rajkumar

How can India achieve its $100 billion jewellery export target?

WITH Subramani Ra Mancombu Siddharth Mathew Cherian

By Subramani Ra Mancombu

By Siddharth Mathew Cherian

Having Net access is no proof that we are using it well; this is what keeps India’s digital divide alive and kicking, says Nasscom’s Ghosh

Internet penetration in urban areas is more than 100 per cent, compared to 30 per cent in rural. As of 2022, Internet usage by men was at 51 per cent,
By Anjana P V Siddharth Mathew Cherian

Passive investing in today’s markets

WITH Parvatha Vardhini CAnjana P V Siddharth Mathew Cherian

By Parvatha Vardhini C

By Anjana P V

By Siddharth Mathew Cherian

AI and jobs: What’s the outlook for India’s BPM sector? 

WITH Haripriya Sureban Siddharth Mathew Cherian

By Haripriya Sureban

By Siddharth Mathew Cherian

Understanding India’s real estate landscape 

WITH Abhishek LawAmitha Rajkumar

By Abhishek Law

By Amitha Rajkumar

How can India achieve its $100 billion jewellery export target?

WITH Subramani Ra Mancombu Siddharth Mathew Cherian

By Subramani Ra Mancombu

By Siddharth Mathew Cherian

Today’s Poll

Do you think the recent increase in health insurance premia is justified?



Editor's Pick

Fahadh Fazil starrer Aavesham made ₹150 crore at the box office
Variety

What’s behind the winning streak of the Malayalam film industry?

Assuring the golden years: With better healthcare and insurance
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Health insurance no longer a no-go zone for the elderly

Getty Images/iStockphoto
Tiny titans 

On-chip energy storage set to revolutionise electronics

Movement mechanics 

Why animals still outrun robots

flipping the script

The changing tone and language of job ads

National highway works

Slippery road for hybrid annuity model

Companies

MakeMyTrip (MMT)
Companies

MakeMyTrip Q4 profit jumps $166.5 million driven by travel surge, aided by one-time gains

MakeMyTrip’s air ticketing segment sees increased revenue; benefits from one-time credit of $126.1 million and one-time gain of $30.6 million
Companies

Hindustan Copper mine lift accident: Mines Ministry starts enquiry

Darpan Sanghvi, Group Founder & CEO of Good Glamm Group
Companies

Good Glamm Group aims for EBITDA profitability ahead of anticipated IPO, says CEO Darpan Sanghvi

Companies

Pitti Engineering Q4 net profit jumps 60% on better margin

Companies

Agri robotics start-up, Niqo Robotics, raises $13 million in funding round led by Bidra Innovation Ventures

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