The government recently received an interim dividend of ₹ 997.75 crores from State-owned hydropower giant NHPC for 2022-2023, according to the company’s statement. NHPC had already paid an interim dividend of ₹ 356.34 crores to the government during the financial year 2022-23 as the company had declared a final dividend for the financial year 2021-22. [...]
The shares of Macrotech Developers (the erstwhile Lodha Developers) zoomed 18.25% on Thursday’s early trades to reach an intraday high of ₹ 998.95 apiece. The shares extended gains for the fourth straight session. This happened after Motilal Oswal in its recent report said that the company is targeting sustainable growth on the back of industry [...]
Bajaj Finserv, on Wednesday, communicated about the receipt of a license from the market regulator SEBI to start a mutual fund business. Bajaj Finserv Asset Management Limited (BFAML) will be the investment manager of the MF business and Ganesh Mohan, who has been a part of Bajaj Finserv for 8 years as group head for [...]
As per reports, it has come to notice that there is a block deal performed between the Japanese multinational conglomerate SoftBank Group and its investee logistics company Delhivery. SoftBank Group owns around 18 per cent and laid off around 3.4 per stake worth Rs 600 crore through block deals as of 1st of March, 2023. [...]
Telecom operator Bharti Airtel crossed 10 million unique 5G users since it started rolling out its network from October 2022. It said that its 5G services are present across all states and that it is well poised to cover every town and key rural areas with its 5G services by the end of March 2024. [...]
Adani Enterprises, after falling non-stop for seven consecutive trading sessions, was on a downward trajectory when the markets opened today but soon bounced back to gain an upside of around 26% from the day's low to hit the day's high at Rs 1,391.85. The stock started in the red showing a fall of 7% in [...]
Triveni Glass Limited remained in focus on Tuesday after the company announced its plans to invest Rs 1,000 crore to set up an 840-tonne-a-day solar glass manufacturing plant. The company will set up the plant in Andhra Pradesh which is set to create around 2,000 jobs in the state. On the news, the shares of [...]
The Indian equity indices opened lower on Monday. The NSE Nifty 50 fell 75.00 points or 0.43% to start the week at 17,390.80 levels while the BSE Sensex tanked 312.52 points or 0.53% to trade at 59,151.41. As the markets keep declining, here are 2 Chemical stocks trading at 52 week-low on Monday: Alkyl Amines [...]
Electric Bus manufacturer Olectra Greentech’s shares appreciated to the tune of 35% from ₹ 406.30 to 551.70 apiece in the past two days, as the company unveiled a hydrogen bus in partnership with Reliance Industries. This bus is a carbon-free alternative to traditional public transportation. The company’s shares were trading at ₹ 528.45 apiece, up [...]
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 [...]
