Equity benchmark indices fell in early trade on Thursday in line with weak trends in global markets amid lack of any breakthrough in the US debt ceiling talks. However, later both indices Sensex and Nifty turned volatile and were oscillating between highs and lows. The 30-share BSE Sensex fell 75.1 points to 61,698.68 in early [...]
Insurance behemoth LIC on Wednesday posted a more than five-fold jump in consolidated net profit to Rs 13,191 crore for the fourth quarter ended March 2023. The insurer had earned a profit of Rs 2,409 crore in the same quarter a year earlier. However, the total income of the insurer during the March quarter declined [...]
Shares of Suzlon Energy soared 8 percent on Wednesday after the renewable energy solutions provider announced that it has bagged its largest order for the new Suzlon 3 MW series from Torrent Power. In a press release, Suzlon said that it won a major order for its 3 MW series of wind turbines, to develop [...]
The government is working to bring down logistics cost to 9 per cent of GDP in the next three years from the current 14-16 per cent, Union Minister Nitin Gadkari said on Wednesday. Speaking at an event organised by industry chamber CII, the Road, Transport and Highways Minister further said India's exports will increase when [...]
Seven of the ten Adani Group stocks ended the day in the negative territory, with Adani Enterprises falling nearly 6 per cent, after rallying for the past three days as a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies. Adani Enterprises stock tumbled 5.90 per cent on the BSE. [...]
Cement manufacturer The India Cements Ltd was in discussions with interested parties and "on the verge" of monetising its assets in Tamil Nadu, part of the proceeds of which would go towards reducing its total debt by Rs 500 crore, a top official said on Wednesday. The company's Vice-Chairman and Managing Director N Srinivasan said [...]
Market value of investments made by state-owned Life Insurance Corporation of India (LIC) in seven companies of the Adani group has swelled to Rs 44,670 crore as stock prices rose from the lows seen in the aftermath of the Hindenburg report. The country's largest insurer and leading institutional investor in the Adani group has seen [...]
Realty firm Brigade Enterprises Ltd on Wednesday reported a consolidated net profit of Rs 63 crore for the quarter ended March 2023. The company posted a net loss of Rs 11.63 crore in the year-ago period. Total income fell to Rs 872.11 crore in the fourth quarter of the last fiscal from Rs 964.72 crore [...]
Hitachi Energy on Wednesday said its net profit dipped 1.68 per cent to Rs 50.81 crore in March quarter 2022-23. The company reported a net profit of Rs 51.68 crore for the year-ago period, according to a BSE filing. Total income rose to Rs 1,336.30 crore from Rs 1,142.13 crore in the same period a [...]
With a market capitalization of ₹ 1,624 crores, Vardhman Special Steels is a small-cap stock. The company is engaged in manufacturing billets, steel bars & rods and bright bars of various categories of special and alloy steels. It has announced a bonus issue of equity shares to investors in the ratio of 1:1. This means [...]
