The share price of India’s largest domestic institutional investor (DII) gained nearly 5 percent after a brokerage shared a target with a huge upside. At 12:44 PM on Thursday, its shares were trading at ₹ 677.95 apiece. The Life Insurance Corporation of India (LIC) is India’s largest DII and insurance provider. It has a market [...]
India has removed additional duties on about half a dozen US products, including chickpeas, lentils and apples, which were imposed in 2019 in response to America's decision to increase tariffs on certain steel and aluminum products. India had imposed these duties on 28 US products in 2019 in retaliation to the US' move. The finance [...]
Bioseed, the hybrid seed business of DCM Shriram Ltd, on Thursday announced a collaboration with grain commerce platform Arya.ag to harness latest technology to get data-driven insights into seed performance across diverse agro climatic zones. Arya.ag's innovative satellite surveillance and Artificial Intelligence product 'Prakshep' will be deployed across Bioseed's network of subscribed farmers. Bioseed said [...]
On Thursday, this mid-cap stock jumps more than 5% after the board appointed Mr. Vivek as MD & CEO. The stock has delivered a 13% return in six months. Strong and rising volume that is higher than usual when compared to the previous day and week has kept the stock price at a high level. [...]
This hospitality stock surged nearly 3% after it signed a license agreement for a 48 room property. The new hotel is an addition to two operational hotels and four upcoming properties in Himachal Pradesh. Share price of Lemon Tree opened at Rs. 109.45 per piece and gained almost 3% and reached its intra- day high [...]
State-owned REC Ltd Chairman and Managing Director Vivek Kumar Dewangan on Wednesday stressed on the commitment to increase its loan book of green projects by ten times to more than Rs 3 lakh crore by 2030. Dewangan chaired the annual general meeting on Wednesday, which was attended by all directors on the board of the [...]
Fair trade regulator CCI has issued draft rules pertaining to the value of transactions for combinations under the new competition law. Earlier this year, various provisions of the Competition Act were amended. As per the draft norms issued by the Competition Commission of India (CCI), the value of transaction shall include "every valuable consideration, whether [...]
Setting up a transnational grid interconnection system will make round-the-clock (RTC) clean energy supply cheaper and reduce the dependence on storage, Union Minister of PowerR K Singh said on Wednesday at a conference on 'Transnational Grid Interconnections for One Sun, One World, One Grid (OSOWOG)'. The initiative aims at connecting energy supply across borders. Special [...]
Shares of this multibagger stock under the ‘small-cap’ category spiked 18 percent on Thursday after securing an order from Indian Railways. During the last month, the company’s stock rose more than 40 percent. With a market capitalization of Rs 8,039.41 crores, the stocks of Responsive Industries Limited started their trading session on Thursday at Rs [...]
Reliance Industries on Wednesday said it has received Rs 8,278 crore from Qatar Investment Authority (QIA) for around 1% stake in Reliance Retail Ventures Ltd (RRVL), the retail arm of billionaire Mukesh Ambani-led group. As per the deal, it has allotted 6.86 crore equity shares to QIA of RRVL, which is the leading retailer in [...]
