State-owned Bank of India (BOI) on Wednesday paid the government a dividend of Rs 668.17 crore for the financial year 2022-23. BoI managing director Rajneesh Karnatak presented the dividend cheque to Finance Minister Nirmala Sitharaman in the presence of Vivek Joshi, Financial Services Secretary. The dividend of Rs 2 per equity share (20 per cent) [...]
Adani Wilmar on Wednesday reported a 25 per cent year-on-year volume growth during the quarter ending June 30, mainly on account of robust consumer demand in edible oils and foods. The sale of branded products in edible oils and foods has been much stronger compared to overall sales of respective segments, the company said in [...]
The fast-moving consumer goods (FMCG) sector witnessed a stable demand in the June quarter and gross margins are expected to expand on softening commodity inflation even as the rural demand remained elusive, according to the latest reports of two companies. Two leading FMCG players -- Marico and Godrej Consumer Products Ltd (GCPL) -- in their [...]
The GST Council is likely to discuss the recommendations of a group of state finance ministers regarding levy of 28 per cent tax on online gaming, casinos and horse racing, in its 50th meeting next week. The council is also likely to thrash out a consensus on whether the tax would be levied on the [...]
Equity benchmark indices climbed in early trade on Thursday amid unabated foreign fund inflows but later faced volatile trends after a record-breaking rally in the past few trading sessions. Investors preferred to stay cautious amid weak global market trends and record rally in equities. The 30-share BSE Sensex climbed 54.09 points to 65,500.13 in early [...]
Shares of the Indian conglomerate ITC Limited closed today at Rs, 475.10, gaining nearly 2 percent compared to the previous closing levels of Rs 466.35. The scrip hits its all-time high level at a price of Rs 480.65. The company has a market capitalization of Rs 5,91,000 crores. Such movements in stock prices are witnessed [...]
Shares of this large-cap IT stock gained up to 3.50 percent today after the merger of HDFC into HDFC Bank paved the way for the company to make an entry into the ‘Nifty 50’ index. In addition to the same, the markets showed positive sentiments leading the scrip to hit its 52-week high mark. With [...]
Bajaj Auto and British motorcycle brand Triumph on Wednesday launched co-developed Triumph Speed 400 and Scrambler 400 X motorcycles in India. These motorcycles were unveiled globally in London last week. The two companies formed a global partnership in 2017. Triumph Speed 400 has been priced at Rs 2.33 lakh with the inaugural price of the [...]
Finance minister Nirmala Sitharaman is expected to meet heads of public sector banks (PSBs) on Thursday and review the financial performance of as many as 12 lenders. This is going to be the first review meeting after the 2022-23 financial results. In the last fiscal, PSBs together posted a record profit of Rs 1.04 lakh [...]
Shares of this Mid-cap Private Bank slipped more than 6 percent today after a filing mentioning a change in the Key Managerial Personnel (KMP) of the Bank. In the last one month period, the scrip has fallen nearly 15 percent from Rs 263.75 at the start of June 2023 to the current price levels. With [...]
