Almost 70 per cent of business executives in India plan to integrate the metaverse into their organisational activities, said a report by PwC India. Though the term metaverse spans a wide spectrum of definitions, it mainly denotes a digital environment with a virtual world that mimics reality through the use of emerging technologies such as [...]
Maruti Suzuki India on Wednesday reported a 42 per cent rise in consolidated net profit to Rs 2,671 crore for the fourth quarter ended March 2023, driven by higher sales, improved realisation and favourable forex movement. The country's largest carmaker logged a net profit of Rs 1,876 crore in the January-March of 2021-22. Net sales [...]
Shares of Oriental Hotels Ltd, a Tata group company were deep in the green after the company reported its results for the January to march quarter of 2023 (Q4FY23). Its share price climbed 11.45% on Wednesday’s intraday trades to reach a 52-week high of ₹ 92.00 apiece. At 03:03 PM, its shares were trading at [...]
Shares of Macrotech Developers Limited, the largest real estate developer in India, opened their trading hour at Rs 901.95 and currently trade at Rs 902.50. The scrip is up around 1 percent as compared to the previous closing price of Rs 893.75. In the last one-month period, the stock has provided returns of around 13 [...]
Manufacturers of braking equipment for automotive and non-automotive applications Brakes India has forayed into the lubricants segment with the launch of 'Revia' brand, the company said on Wednesday. The engine oils would cater to both passenger- and commercial-vehicle segments. "Established for over six decades, Brakes India is known in the automotive industry for safety components [...]
Shares of Multi Commodity Exchange of India (MCX) tumbled nearly 8 per cent in the mid-session trade on Wednesday after its Chief Technology Officer Shashank Sathe resigned from the company. The firm's scrip tanked 7.77 per cent to Rs 1,372.10 apiece on the NSE. On the BSE, it plunged 7.71 per cent to Rs 1,373 [...]
Essar Oil and Gas Exploration and Production Ltd (EOGEPL) will invest another Rs 2,000 crore in the next 18 to 24 months in its coal bed methane project in West Bengal’s Raniganj, an official said. The company earlier had already invested Rs 5,000 crore in the Raniganj block in drilling 350 wells and producing nearly [...]
As many as 7 PSU stocks shot up on Wednesday’s early trades, logging up to 20 percent gains after the Gujarat state government announced a new policy of compulsory dividends and bonus shares. Moreover, it set guidelines for when to go in for a stock split and a share buyback. Gujarat Mineral Development Corporation gained [...]
Reliance Industries Ltd's (RIL) strategy to diversify and dominate a number of industries will boost spending and will also help mitigate its elevated capex needs, rating agencies said on Wednesday. While S&P Global Ratings said it believes that "the company's appetite for bigger investments or M&As will dissipate", Fitch Group company CreditSights said its "credit [...]
Shares of Gujarat Industries Power Company Limited (GIPCL) were locked in the 20 percent upper circuit in the early trading hours and, after releasing from that point, the stock again reached the circuit at Rs 91.10. The company is held by parent companies which include Gujarat State Fertilizers & Chemicals Ltd, Gujarat Alkalies & Chemicals [...]
