Shares of Sterling and Wilson Renewable Energy Limited are currently trading at Rs 286 showing a downfall of approximately 7 percent as compared to the previous closing price of Rs 307. In the last one month, the stock has experienced a fall of around 11 percent ranging from Rs 319 to the current levels. One [...]
Shares of cash-strapped Vodafone Idea appreciated to the tune of 10% on Friday’s morning trades to reach an intraday high of ₹ 6.65 apiece after Kumar Managalam Birla returned to the company’s board after a hiatus of 20 months. Kumar Mangalam Birla, a Chartered Accountant and an MBA from the London Business School is the [...]
Akshaya Tritiya, also known as ‘Akha Teej’, is a highly auspicious and sacred day with a belief that anything beginning on the same day is indestructible and will eventually flourish with time. Keeping to it, it is generally observed that people start new ventures or purchase valuable commodities. As an analogy to the above thought, [...]
Nadar family-led HCL Technologies on Thursday declared its consolidated results for the quarter and year ended March 31, 2023. Its shares closed at ₹ 1037.00 apiece and it has a market capitalization of ₹ 2,81,212 crores. Quarterly Result The IT major reported a net profit of ₹ 3,981 crores for the quarter that ended on [...]
Adani Power Ltd on Thursday said it has signed an agreement with MPSEZ Utilities Limited (MUL) for power supply. In a regulatory filing, Adani Power said the power supply agreement is for 15 years. "Adani Power has entered into a long-term power supply agreement (PSA) with MUL for 360 MW capacity to be supplied from [...]
The Life Insurance Corporation of India (LIC) is the country's largest investor and it plans to invest a record ₹ 2.4 trillion across markets, according to reports. This may help it to maximize returns for policy shareholders and work as a vital support system for the Indian markets in FY 2023-24. However, here are a [...]
RBI Governor Shaktikanta Das, in the rate-setting panel meeting earlier this month, opined that the cumulative impact of the monetary policy actions over the last one year is still unfolding and needs to be monitored closely, as per the MPC minutes released on Thursday. Das, along with the five other members of the Monetary Policy [...]
Finnish telecom gear maker Nokia on Thursday reported a 10 per cent increase in global net sales to 5,859 million euros in the first quarter ended March 2023, on account of over a four-fold jump in Indian business. The company registered 5,348 million euros in net sales in the same period a year ago. "Network [...]
India's quick service restaurant industry is likely to witness 20-25 pc growth in the current financial year supported by demand uptick and increasing penetration driven by a rapid expansion of stores. Over the long-term, revenue growth shall be supported by factors like rising QSR penetration levels, a shift from the unorganised to the organised segment [...]
Market benchmark indices Sensex and Nifty ended with marginal gains on Thursday after falling in the past three days, helped by fag-end buying in energy, telecom and utility stocks. Investors remained cautious amid renewed foreign fund outflows and prevailing risk-off sentiments, traders said. In a highly volatile trade, the 30-share BSE Sensex climbed 64.55 points [...]
