Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. The BSE benchmark tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to [...]
One of the fastest growing realty firms in India, Elan Group on Thursday said it has given a Rs 1,000 crore contract to Leighton India for the construction of its luxury housing project in Gurugram. Leighton India is the Indian arm of Leighton Asia, a member of the internationally renowned CIMIC Group, headquartered in Australia. [...]
Vijay Kedia is a renowned investor in the Indian stock market. He invests in his individual capacity as well as through his company Kedia Securities Private Ltd. According to the latest corporate shareholdings, he holds sixteen stocks with a net worth of over ₹ 1199.1 crore. Here are the top 5 stocks in terms of [...]
LT foods had announced a step up in investments in new product development and related plant and raw material needs based expansion almost a year ago, tracing that path, LT has made significant progress. Ready to eat food now has grown to 2.5%. LT Foods on Thursday said its subsidiary Nature Bio Foods has started [...]
Shares of this large-cap metal stock dipped up to 9 percent on stake sale buzz. In the last one-month period, the company’s stock has fallen close to 8.50 percent from Rs 277.55 to the current price level. With a market capitalization of Rs 94,500 crores, the stocks of Vedanta Limited closed at Rs 254.05 on [...]
Zydus Lifesciences Ltd, is involved in development & manufacture of formulations, biosimilars, biologics, APIs and intermediates. Zydus LifeSciences has 10 manufacturing facilities in APC & Americas and 4 R&D sites of which 2 are in India. It is the 4th largest Pharma company in India and a growing presence in other emerging markets in Asia [...]
Capital markets regulator Sebi has cancelled the registration of MMTC Ltd as a stockbroker for its involvement in illegal "paired contracts" in a case pertaining to the now-defunct National Spot Exchange Ltd (NSEL). While cancelling the licence, Sebi directed MMTC to allow its existing clients to withdraw or transfer their securities or funds held by [...]
STL Ltd, a leading optical and digital solutions company, today, announced a partnership with a public sector entity. In this multi-year agreement, STL will design, build, commission, and maintain 2 data centre facilities, with service deployment across multiple network sites across India. Datacenter investments are expected to accrue benefits to companies to STL in the [...]
On Thursday afternoon, the shares of India's second-largest mobile phone maker rose 8 percent to Rs 4,467.15 per share after the government restricted imports of electronic devices such as laptops, tablets, and personal computers. Shares of electronics manufacturer Dixon Technologies shares were trading at Rs 4,394.75 a share on the National stock exchange at 2:16 [...]
One of the biggest PepsiCo franchisees in the world (outside the USA) is Varun Beverages Limited, a significant participant in the beverage sector. A huge variety of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including bottled drinking water offered under PepsiCo trademarks, are manufactured, distributed, and sold by the company. VBL, which is in [...]
