The government on Monday said the decision to impose a 40 per cent export duty on onions was not a "premature" but a timely move to boost domestic supply and control retail prices. The statement comes amid farmers' protest at several places in Nashik district in Maharashtra against the 40 per cent duty imposed on [...]
A company of a ‘fundamentally strong’ nature portrays a certain set of characteristics that include lower leverage ratios, strong financials, etc. Listed below is one such fundamentally strong stock under the ‘sugar’ industry which is at a discount of more than 30 percent from its 52-week high level: E.I.D Parry (India) Limited With a market [...]
Equity benchmark indices Sensex and Nifty closed higher on Monday after two days of decline, supported by buying in index majors Infosys, ITC and Bajaj Finance amid a mixed trend in global markets. In a range-bound trade, the 30-share BSE Sensex climbed 267.43 points or 0.41 per cent to settle at 65,216.09. During the day, [...]
Tata Power Renewable Energy Limited (TPREL) on Monday said it will supply 9 megawatts of green energy to Tata Motors' plant in Pantnagar as part of an agreement. A power purchase agreement (PPA) has been signed with Tata Motors Limited Pantnagar plant in Uttarakhand, Tata Power said in a statement. The project will be commissioned [...]
Global engineering and product development digital services firm Tata Technologies Ltd on Monday said it has joined a worldwide development partnership of car manufacturers, suppliers, and other firms -- AUTOSAR -- as a premium partner. AUTOSAR has more than 280 partners, including BMW, Volkswagen, Toyota Motor Corporation, Ford, GM, DaimlerChrysler, PSA, Toyota, Bosch, Siemens, Peugeot [...]
Hyderabad-based multi-brand mobiles retail chain Big-C mobiles has set a target of Rs 1,500 crore as turnover in the current financial year, said company's founder, chairman and managing director M Balu Chowdary. The company had achieved Rs 1,000 crore turnover in FY2022-23. Big-C mobiles, which currently has 250 outlets across Telangana, Andhra Pradesh and Tamil [...]
The shares of the Event management company touched the upper circuit after the company assisted the General Insurance Festival of India in setting a Guinness World Record. On Monday, At 9:45 a.m., Exhicon Events Media Solutions Ltd hit a 5 percent upper circuit of Rs 320.25 apiece. As per company’s exchange filing, on August 19th, [...]
Many stocks in the Indian banking sector have witnessed a sharp uptrend in the recent past. Mahesh Nandurkar, India Strategist at Jefferies said that India's banking sector is looking good from the valuation standpoint currently. He believes that large-cap banks are looking attractive, and the banking sector stands out as a unique realm and currently [...]
Speciality chemicals maker Vipul Organics on Monday said it has entered into the paper segment with products like colourants, dispersions and dyes. “With so much excitement in the category, it was obvious that we had to seriously look at the paper business. We were gratified by the client response and are already working with the [...]
Co-working major WeWork India's revenue grew by 40 per cent to Rs 400 crore during the first quarter of this fiscal year on rising demand for flexible workspace across major cities from corporates, its CEO Karan Virwani said. The company, which is owned by real estate firm Embassy Group and WeWork Global, has started its [...]
