Axis Bank Limited, the fourth-largest private bank in India in terms of market capitalization, informed the exchanges that the deal to acquire Citibank India’s consumer business and NBFC (non-banking financial company) business of Citicorp is expected to be completed by March 1st, 2023. As per the deal, the customers, employees, and assets of Citibank will [...]
Cryptocurrencies are the digital currencies that use encryption to secure transactions and generate new coins, in a manner known as mining. Bitcoin was the first cryptocurrency to be created and has since become the most well-known, but there are now thousands of cryptocurrencies that you can buy, sell or trade. These include Dash, Ethereum, Litecoin [...]
The downward spiral continued amid a sharp bout of intra-day volatility as uncertainty surrounding the weak global economic scenario coupled with the probability of the US Fed maintaining a hawkish stance going ahead weighed on the sentiment. However, with the market in oversold territory, we could see a quick pullback rally if the index trades [...]
The Shares of Lloyds Metals And Energy Limited have delivered 9,500% in just seven years, as the share price has risen from Rs 2.91 in July 2015 to the current level of Rs 278 on the NSE. Lloyds Metals & Energy, incorporated in the year 1977, is in the business of manufacturing of Sponge Iron, [...]
Market barometers BSE Sensex and NSE Nifty 50 opened with minor gains on Monday. Financial and FMCG shares led the headline indices higher while metal and mining shares traded with losses. The Sensex started the week at 61112.84 points and closed at 59,463.93 points, while the Nifty started the week at 17965.55 points and settled [...]
Domestic benchmark indices opened in the green on Friday’s trading session. The BSE Sensex advanced 202.46 points or 0.34% to 59,808.26 and NSE Nifty 50 surged 57.25 points or 0.33% to 17,568.50. However, they slipped into the red by the afternoon. In the past five days, the indices have lost approximately 2.60%. Credit ratings help [...]
The shares of Mahindra CIE Automotive gained as much as 11 percent till the afternoon on Friday to reach an All-Time high of Rs 433.65. The scrip remained in focus after posting its results. The company follows the calendar year (January to December) as its financial year. In the October to December quarter, their revenue [...]
Knowledge Marine & Engineering Works remained in focus on Friday after the company got an extension of one of its existing contracts. The stock was trading at Rs 1,000 levels till the afternoon. Syama Prasad Mookerjee Port, Kolkata, has extended the existing contract of Indian Ports Dredging Private Limited, a subsidiary company of Knowledge Marine [...]
The shares of Jindal Stainless (Hisar) Limited (JSHL) hit a record high of ₹ 504.55 apiece as they gained 3.08% on Friday’s early trades. This happened after the company fixed Friday, March 09, 2023, as the record date for the merger of JSHL with Jindal Stainless Limited. The stock surpassed its previous high of ₹ [...]
Olectra Greentech Limited, a subsidiary of Megha Engineering and Infrastructures Ltd, saw its shares open 6 percent higher at Rs 428 levels on Friday as against its previous close of Rs 402. It further gained 11 percent till 11:30 am and was trading at Rs 472 levels. The company, in association with technology partner Reliance, [...]
