Market benchmark indices bounced back in early trade on Thursday after falling in the past three days, amid buying in recently hit banking and IT counters. The 30-share BSE Sensex climbed 210.49 points to 59,778.29 in early trade. The broader NSE Nifty advanced 56.35 points to 17,675.80. Among the Sensex firms, Titan, Larsen & Toubro, [...]
HDFC Capital Advisors will increase its stake in proptech startup Loyalie IT Solutions (now renamed as Reloy) to up to 9.6 per cent from 7.2 per cent currently, amid surge in adoption of technologies in Indian real estate market. According to a regulatory filing on Wednesday, HDFC Capital Advisors will acquire 1.67 lakh compulsory convertible [...]
The government is planning to develop more than 250 projects with a ropeway length of over 1,200 km in five years under Parvatmala Pariyojana, Union minister Nitin Gadkari said on Wednesday. The government is promoting the manufacturing of ropeway components under the 'Make in India' initiative, an official release quoted Gadkari as saying. The minister [...]
Shares of Marico Limited traded in the red today with a closing price of Rs 467.90. The stock hit its 52-week low figure today at a price of Rs 466.55. The scrip witnessed a downfall of around 2.5 percent as compared to the previous closing price of Rs 480.10. Such movements in the stock prices [...]
The Ministry of Road Transport and Highways (MoRTH) has put plans in place to maintain the pace of highway development and construct 12,500 km of highways in the current financial year, a senior official on Wednesday said. Alka Upadhyaya, Secretary, MoRTH, said Rs 10,000 crore is planned to be raised through Infrastructure Investment Trusts (InvITs) [...]
State-owned NHAI is working towards development of around 10,000 kilometres of Optic Fibre Cables (OFC) infrastructure across the country by FY2024-25, according to an official statement. The statement said National Highways Logistics Management Limited (NHLML), a fully-owned special purpose vehicle of NHAI, will implement the network of "digital highways" by developing integrated utility corridors along [...]
Continuing healthy demand from construction, real estate and automobile sectors will help the paint sector register a 10-12 per cent revenue growth this fiscal against an 18 per cent estimated rise in the just-concluded fiscal, according to a report. Volume expansion and the resultant cash generation will help paint companies maintain healthy balance sheets, which [...]
Benchmark equity indices Sensex and Nifty ended lower on Wednesday, marking their third straight day of losses due to selling in IT and select banking shares and foreign fund outflows. Falling for a third day, the 30-share BSE Sensex declined 159.21 points or 0.27 per cent to settle at 59,567.80. During the day, it fell [...]
Stocks of newly listed Avalon Technologies Limited started its trading session today at Rs 405 and closed at a price of Rs 406. The scrip gained 2 percent as compared to the previous closing price of Rs 398. The company’s shares made a muted debut on the BSE yesterday listing at Rs 431 which was [...]
Inflows in the mutual fund industry through systematic investment plans or SIPs reached Rs 1.56 lakh crore in 2022-23, up 25 per cent from the preceding fiscal, suggesting retail investors' trust in the route despite volatility in the markets. In comparison, an inflow of Rs 1.24 lakh crore through the route was registered in 2021-22 [...]
