Technocraft Industries (India) Ltd shares hiked more than 5 percent as of Thursday 13th Apr closing at a price of Rs 1,505.05. The stock, trading near its 52-week high figure of Rs 1,541.80, has gained around 10 percent in the last five trading sessions. It witnessed an intra-day high figure of Rs 1,528 representing an [...]
What is ‘Dividend’? Dividend refers to a reward, cash or otherwise, that companies give to their shareholders. It can be issued in various forms such as cash payments, stocks, or in any other form. Decisions pertaining to dividends are made by the board of directors of the company and require shareholder approval. Listed below are [...]
Domestic benchmark indices started the truncated week on a positive note. The BSE Sensex opened at 59858.98 points and the Nifty at 17634.90 points. The markets remained closed on Friday on account of Ambedkar Jayanti. On Thursday, the markets closed for the week in the green, after extending their gaining streak to 9 days, the [...]
To facilitate a seamless entry process for vehicles into the forest area, Indian Highways Management Company Limited (IHMCL) has inked a pact with the Nagarjunasagar-Srisailam Tiger Reserve spread across Andhra Pradesh and Telangana, according to an official statement. IHMCL is a company incorporated by the National Highways Authority of India (NHAI) to carry out electronic [...]
Global investment firm Blackstone-sponsored Nexus Select Trust is likely to launch India's first retail REIT public offer in early May to raise up to Rs 4,000 crore. In November last year, Nexus Select Trust filed the draft red herring prospectus (DRHP) with market regulator Sebi to launch its retail REIT (Real Estate Investment Trust). Nexus [...]
With most non-bankers reaching the maximum funding cap from banks, their projected 16 per cent loan growth may be impacted, leading to margin compression for the sector this fiscal, according to a report. Bank funding to NBFCs has grown rapidly to Rs 13.1 lakh crore in February 2023 from a low Rs 3.9 lakh crore [...]
India's new gas pricing regime will offer greater downside protection for earnings of gas companies such as Oil and Natural Gas Corp (ONGC) and Oil India Ltd, S&P Ratings said on Friday. The new norms will not affect the pricing for gas produced from difficult fields that companies like Reliance Industries Ltd operate. Under the [...]
There is no freeze on the disinvestment process of RINL, the Steel Ministry clarified on Friday. Clarifying some media reports regarding the hold on the disinvestment process of the state-owned steel maker, the ministry, in a statement, said that the disinvestment process of RINL is in progress. "There is no freeze on the disinvestment process [...]
Infosys Limited closed in the red yesterday dipping more than 3 percent with a closing price of Rs 1,383.40. With such a fall in the prices, the stock has reached near to its 52-week low levels which were noted at a price of Rs 1,355. On 13th April, after market hours, the company announced the [...]
Power trading solutions provider PTC India has appointed three retired officers of the Indian Administrative Service (IAS) as independent directors of the company. The company has also appointed Mahendra Kumar Gupta as a nominee director of NHPC. In a statement, PTC India informed about the appointments of Rashmi Verma, Jayant Dasgupta and Narendra Kumar as [...]
