The shares of Titagarh Wagons Limited were trading marginally higher on Friday at Rs 192 levels. The stocks rallied after it emerged as a bidder for the Rs 26,000-crore order by the Indian Railways to make 200 lightweight Vande Bharat trains. The company has formed a consortium with Bharat Heavy Electricals Limited for this purpose. [...]
The shares of Likhitha Infrastructure rallied 5.69% on Thursday’s early trades to hit a new high of ₹ 496.00 apiece on the National Stock Exchange (NSE). Its shares soared 22.17% in the past two days from ₹ 406.00 to ₹ 496.00, amid heavy volumes as ace investor Ashish Kacholia bought a stake in the company. [...]
The hospitality industry is booming in India. The industry was struggling from the pandemic during the same quarter last year. However, the sector continued to post strong yearly growth in the third quarter of the 2022 calendar year due to festivals, weddings and increased corporate travel. Motilal Oswal Financial Services said in its hotel sector [...]
The Indian benchmark indices rallied in the month of November after the bulls took charge. On the last day of the month, Nifty topped the 18,800 level, hitting a new record high of 18,816.05. While the BSE Sensex surged over 500 points to surpass the 63,300 level. The indices continue to rise on the first [...]
The Indian equity benchmarks BSE Sensex and NSE Nifty50 opened at record highs on Thursday amid positive cues from global markets. The BSE Sensex scaled to a record high for the sixth consecutive session, crossing the 63,500 level. While the NSE Nifty also touched a fresh high above 18,850 at 18,874. With markets making new [...]
The shares of Tamilnad Mercantile Bank (TMB) appreciated to the tune of 7.57% to reach a 52-week high of ₹ 548.50 apiece after the Reserve Bank of India (RBI) authorized it to undertake government business on its behalf. Its shares were trading at ₹ 528.15 (up 3.58%) at 11:51 AM on Thursday. The private sector [...]
We are on the last day of the month of November and for most people, it's ‘Salary Day’ and for most, it is also ‘Investment Day’. While existing investors look to diversify their portfolios, new investors enter the market to benefit from the rapid growth and exponential returns on their investments. Out of the many [...]
Wind energy solutions provider Inox Wind on Tuesday said the company and its arm Inox Green Energy Services have paid debts of ₹ 411 crores. The Inox GFL group has initiated strategic action to deleverage its Wind business. Inox Wind has paid ₹ 161 crores, while Inox Green has paid ₹ 250 crores towards reducing [...]
The Government of India publicly holds a stake in more than 72 companies in India, according to the latest corporate shareholdings. It categorizes Central Public Sector Enterprises (CPSEs) under three different categories – Maharatna, Navratna, and Miniratna. Based on certain criteria, there are 11 companies that have the ‘Maharatna’ status. Of these, the record date [...]
Gland Pharma has entered into a put option agreement to acquire a 100% of Cenexi Group for an equity value not exceeding Euro 120 million (Enterprise Value of Euro 230 million). Its shares were trading 4.17% lower at ₹ 1799.70 apiece at 12:19 PM on Wednesday. The Cenexi Group is primarily a Contract Development & [...]
