On Monday Co-working space operator EFC (I) Ltd said that it has entered into the Delhi-NCR market with the start of a new centre in Noida comprising a 65,000 square feet area. The new centre, which is situated in Noida's Sector 62, will house several brands, including Tata Capital and Virtuous Transactional Analyst. According to [...]
Gati, an Allcargo Group company, announced on Monday that it has teamed up with Tech Mahindra to create an application that will increase efficiency and open up new business options for the firm. The company said Tech Mahindra will enable Gati, over the next 18-24 months, to custom develop the software application -- Gati Enterprise [...]
This S&P BSE Smallcap stock hit its 20% upper circuit within the first hour of market open on Monday, supported by volumes that were 1.5x previous session’s volume and 5x the monthly average volume. The company rose sharply owing to two orders it received that are on aggregate basis ~2.7x its market cap which is [...]
The railway network is crucial to the country's ecosystem, as it carries 90 percent of the raw materials. India is undertaking a large-scale project to build efficient transport corridors across the nation. Derivative & Technical Analyst Motilal Oswal reported that the railways ministry to propose a substantial investment program of Rs 5.25 lakh crore during [...]
On Monday following encouraging domestic macroeconomics data amid a firm trend in the global market, benchmark equity indices Sensex and Nifty rallied for the second straight session. Traders said that fresh foreign fund inflows and intense buying in IT and commodity stocks also bolstered sentiment. The BSE benchmark Sensex jumped 240.98 points or 0.37 per [...]
Shares of a large-cap PSU Bank soared 9 percent higher on Monday’s early trades to reach an intraday high of ₹ 65.50 apiece on the National Stock Exchange (NSE) after the Central Government invited bids to appoint an asset valuer for the strategic divestment of the bank. Its shares settled at ₹ 65.10 apiece. According [...]
On Monday, Muthoot FinCorp announced plans to issue non-convertible debentures (NCDs) to raise up to Rs 400 crore. According to a statement from the company, the issue is a part of the Rs 1,100 Cr debt-raising plan approved by the board. The base size of the issue is Rs 100 crore with a green shoe [...]
In August of this year, the nation's power consumption increased by over 16% to 151.66 billion units compared to that of the same month last year, primarily as a result of increased use of cooling equipment during the hot weather. According to the government data, In the year-ago period, power consumption stood at 130.39 billion [...]
For its 2,880 MW Dibang multipurpose project in Arunachal Pradesh, state-owned BHEL said on Monday that it has received an order from NHPC. BHEL said in a statement, that the order for the electro-mechanical (E&M) work for the project has been bagged against stiff competition under international competitive bidding, It however did not share the [...]
The share price of a large-cap banking stock rallied 9.5 percent on Monday’s early trades to reach an intraday high of ₹ 19.00 apiece after a two-year-long tussle ended. The stock has gained more than 13 percent in the past two days. At 02:46 PM, its shares were trading at ₹ 18.55 apiece. Analysts attribute [...]
