Chitranjan Kumar

1 week ago | fortuneindia.com | Chitranjan Kumar

Fast-moving consumer goods (FMCG) major Nestlé India on Thursday said that its board will consider issuing bonus shares at a meeting next week, subject to requisite approvals. Ahead of the announcement, the shares of Nestlé India closed 1.28% lower at ₹2,309.10 on the BSE, with a market capitalisation of ₹2.22 lakh crore.

1 week ago | fortuneindia.com | Chitranjan Kumar

The Indian share market experienced a rangebound and negatively biased session on the weekly expiry day, tracking weak cues from global peers amid concerns over potential U.S. involvement in the Middle East conflict, adding a layer of geopolitical risk to investor calculations. The sentiment was further dampened by the U.S. Federal Reserve’s decision to keep interest rates unchanged while signalling persistent inflation and slower economic growth, which dragged IT stocks lower.

1 week ago | fortuneindia.com | Chitranjan Kumar

Brokerages remain confident in Trent ’s long-term growth story after the Tata group firm shared its strategy around building brands, categories, and new geographies during its annual analyst meet. They expect the fashion and lifestyle retailer to deliver a medium-term CAGR of around 25% by leveraging its back-end infrastructure to incubate new brands, scale up new categories, and explore opportunities in new markets.

1 week ago | fortuneindia.com | Chitranjan Kumar

Siemens Energy India, the demerged energy business of  Siemens , made a strong debut on the domestic bourses on Thursday, with the stock listing at ₹2,840 per share on the NSE, up 14% from its discovery price of ₹2,478.20 apiece. On the BSE, Siemens Energy shares kicked off trading at ₹2,850 apiece. After listing, the energy stock hit the 5% upper circuit of ₹2,982 on the NSE, while it touched a high of ₹2,992.45 on the BSE.

1 week ago | fortuneindia.com | Chitranjan Kumar

In line with Wall Street's expectations, the U.S. Federal Reserve on Wednesday kept its key benchmark interest rates unchanged for the fourth consecutive meeting, awaiting more clarity about government policies, particularly U.S. President Donald Trump’s tariffs, and their potential impact on the economy.