Shares of a large-cap railway company rallied 50 percent in merely three sessions to touch a record high of ₹ 75.70 apiece on the National Stock Exchange (NSE). Its shares opened at ₹ 50.35 apiece on Friday, September 01, 2023, and settled at ₹ 72.25 apiece on Tuesday, marking a massive rally. Incorporated in 1986, [...]
The Financial Stability Board (FSB), located in Switzerland, issued a warning on Tuesday ahead of the G20 Summit here that rising interest rates and a declining growth forecast could make it more difficult for borrowers to pay down historically high levels of debt. The FSB has published two letters from its Chair, Klaas Knot, to [...]
Sreeram Venkateswaran has hired as President and Chief Business Officer for domestic sales and customer service by Daimler India Commercial Vehicles (DICV), the company announced on Tuesday. DICV said in a statement that Venkateswaran will be responsible for driving domestic business growth, nurturing strategic partnerships, expanding the BharatBenz sales and service network among others, In [...]
Shares of this mid-cap PSU stock gained up to 3.82 percent on Tuesday after getting approval from its Board of Directors to contribute to a Joint Venture company. Year-to-date, the company’s stock has zoomed close to 31 percent. With a market capitalization of Rs 30,471.79 crores, the stocks of Oil India Limited (OIL), a Public [...]
This micro cap stock opened 2% higher at its upper circuit after this ace investor bought 2.5% stake in a bulk deal on Monday’s trading session. Share price of OM Infra closed at Rs. 61.70 previously. On the morning of Tuesday, the share price opened 2% higher and hit its upper circuit at Rs. 62.90 [...]
Mahindra & Mahindra announced on Tuesday that it will partner with Star Sports as an associate sponsor for the ICC Cricket World Cup, which begins in a month. Mahindra & Mahindra (M&M) said in a statement the as the broadcast associate sponsor for Star Sports and co-powered sponsor for Disney+Hotstar during the ICC Men's Cricket [...]
This small cap stock surged nearly 2.5% and reached its 52- week high after it launched iQuantum Treasury 23 on September 4,2023, a treasury solution used in front-mid-back office and designed specifically for central banks all around the globe. Share price of Intellect Design Arena Limited opened at Rs. 730.10 levels. It gained nearly 2.5% [...]
Shares of a textile company zoomed 11.48 per cent on Tuesday’s early trades to touch a fresh 52-week high of ₹ 151.45 apiece on the National Stock Exchange (NSE). This happened after it announced that it had settled a dispute with Axis Bank. At 02:55 PM, its shares were trading at ₹ 149.85 apiece. Bombay [...]
This energy stock surged 3.5% after an increase in total electricity volume. This August, the country recorded an all- time high peak demand of 236 GW with a highest single day consumption of 5126 MU on August 31. Share price of IEX Limited opened at Rs. 141.10 per share and gained 3.5% to reach its [...]
On Tuesday officials said that the CBI has detained an executive director of GAIL in connection with an alleged Rs 50 lakh bribery case in which money was exchanged to favour a few contractors working on gas pipeline projects. Along with Executive Director (Projects) K B Singh of GAIL, four others have also been arrested, [...]
