The EU on Saturday voiced concerns over the "rapid" rise in refined petroleum products made from Russian crude oil in India finding its way to the European market, saying it defies the purpose of the sanctions against Moscow that are aimed at reducing its ability to finance the war with Ukraine. According to Valdis Dombrovskis, [...]
In the last four days, the National Cooperative Consumers' Federation of India (NCCF) reported buying 2,826 tonnes of onions directly from farmers at a cost of Rs 2,410 per quintal, primarily from Maharashtra as it resumed buying the bulb for a larger buffer stock. The government enhanced the onion buffer stock target from 3 lakh [...]
Shares of a small-cap NBFC gained 5 percent to reach an intraday high of ₹ 183.80 apiece on the National Stock Exchange (NSE), after offloading its corporate loans to Phoenix Asset Reconstruction Company. At 02:12 PM, its shares were trading at ₹ 180.00 apiece. Indostar Capital Finance is a non-banking finance company (NBFC) engaged in [...]
The shares of one of India's prominent manufacturers of Power and distribution transformers rose 10 percent to Rs 3,189 apiece in early trade on Monday following the announcement of the record date for the bonus issuance. At 1:45 p.m., On the National Stock Exchange, Shilchar Technologies Ltd shares were trading at Rs 3,087.90 a share, [...]
The shares of the premier warship builder rose 7 percent to reach an all-time price of Rs 844.45 apiece after the company signed an MOU with DEMPO group to build commercial vessels. At 1:15 p.m., On the National Stock Exchange, Garden Reach Shipbuilders & Engineers Ltd. shares were trading at Rs 803.70 a share, up [...]
This electricals microcap stock hit 20% upper circuit after the first hour of market open. As per BSE filing dated 26th August 2023, The company has announced, it has on its agenda to finalize a strategic acquisition of a domestic private firm in an all stock transaction. The stock is currently 2.5% away from its [...]
Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is making its second effort to go public. It had previously submitted draft papers to the Securities and Exchange Board of India (Sebi) in May 2021 with the purpose of issuing [...]
Following the disallowance of Rs 9,545 crore (USD 1.16 billion) in some incurred expenditures, mining billionaire Anil Agarwal's Vedanta Ltd won an arbitration against a demand for a bigger payout from its productive Rajasthan oil and gas reserves, the company said. The government has sought additional profit petroleum (or its share from the oil and [...]
An ownership stake in a foreign company or project is referred to as a foreign direct investment (FDI) and is made by a foreign investor, business, or government. According to data from the government, FDI in India fell 34% to USD 10.94 billion between April and June of this fiscal year. According to information provided [...]
Realty major DLF Ltd will launch two luxury housing projects worth Rs 15,000 crore in Gurugram during the second half of this financial year to expand its business amid strong demand for premium homes, its Managing Director Ashok Kumar Tyagi said. Tyagi said the company has set a target to reach sales bookings of Rs [...]
