Reliance ADA Group Chairman Anil Ambani on Monday appeared before the Enforcement Directorate (ED) here and recorded his statement in connection with an investigation linked to the alleged contravention of the foreign exchange law, official sources said. The industrialist and his wife Tina Ambani have been summoned again for a similar round of questioning later [...]
Torrent Power on Monday said it is working on a pilot project for blending green hydrogen with natural gas in the city gas distribution (CGD) network. The pilot project underway in Gorakhpur, Uttar Pradesh, is expected to complete in 8 months, the company said in a statement. "Torrent Power is implementing a green hydrogen pilot [...]
Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday. Microchip President and CEO Ganesh Moorthy said that the investment will be made in people, training and certain infrastructure like research and development centre, lab and equipment, and offices. "USD 300 million [...]
Jewellery retail major Senco Gold Ltd has fixed a price band of Rs 301 to Rs 317 for its Rs 405 crore initial public offering (IPO), which will open for public subscription on July 4, the company said on Monday. The initial share sale will conclude on July 6 and the bidding for anchor investors [...]
Benchmark equity indices continued their record-shattering spree on Tuesday, with the Sensex and Nifty hitting their fresh all-time high levels in early trade, amid persistent foreign fund inflows. Also, buying in Bajaj Finance, Bajaj Finserv, Tata Consultancy Services and HDFC twins added to the positive market momentum. Rallying for the fifth straight session, the 30-share [...]
Samvardhana Motherson International Limited (SAMIL) is one of the largest and fastest-growing automotive OEM suppliers in the world. It is a diversified global manufacturing expert and is one of the top 25 global automotive suppliers. The company has a 24 percent global market share in the manufacture of exterior mirrors for passenger cars, commercial vehicles, [...]
The shares of public sector banks have been in focus these days. The Nifty PSU Bank index surged 3.6 percent today, on the expectation of an improvement in the banking industry’s loans ratio amid favourable economic prospects. Over the past year, the index delivered a massive return of 71.13 percent., as compared to the Sensex [...]
P/E Ratio or Price to Earnings Ratio is a widely used metric to define the value of a stock, this P/E depicts the ratio of the current price of a company’s share in relation to its earnings per share (EPS). In particular situations, a company's share price is relatively greater than its earnings, indicating that [...]
With a market capitalization of Rs 5,00,000 crores, the shares of Bharti Airtel Limited are trading in the green today and are currently available for Rs 880. In the last five trading sessions, the scrip gained around 3.40 percent ranging from Rs 851.65 at the end of June to the current price levels. According to [...]
The stock of BSE Limited saw a jump of around 9 percent today and currently are available for Rs 661. In the last one month period, the scrip gained nearly 15 percent ranging from Rs 576.70 at the start of June to the current levels. The stock prices increased after the company, through a regulatory [...]
