Top global retailers from the US and Europe have shown keen interest in sourcing goods from Indian toy manufacturers and hand-hold them to meet their compliance requirements, a government official said. The official said these retail giants are looking to procure toys from India at a good scale. The Department for Promotion of Industry and [...]
Bank of Baroda Ltd shares started its trading session today at Rs 171 and is currently trading at Rs 170.25. In comparison to the previous closing price of Rs 170.85, the scrip is down about 0.35 percent. The Bank, via an exchange filing, provided a business update pertaining to the Advances and Deposits. Total Advances [...]
HDFC Bank on Wednesday announced that it has signed a "Master Inter Bank Credit Agreement" with Export Import Bank of Korea for a USD 300 million line of credit. The pact was signed by the two entities at GIFT City in Gujarat's capital Gandhinagar on Wednesday, said a release by the HDFC Bank. This agreement [...]
Investors cheered as the shares of Sula Vineyards zoomed 11.95 percent on Wednesday’s early trades to reach an intraday high of ₹ 386.55 apiece on the National Stock Exchange (NSE) after the company’s sales jumped in the March quarter. At 01:10 PM, the stock was trading 9.84 percent higher at ₹ 386.85 apiece. Sula Vineyards [...]
Insurance regulator Irdai has given licence to a General insurer for the first time since 2017, close on the heels of allowing two more applicants in the Life space and is looking at around 20 more applications, its Chairman Debasish Panda said on Wednesday. The latest to get the licence is Kshema General Insurance and [...]
Stocks of Puravankara Limited gained about 4 percent today and currently trade at Rs 78.20. In a span of last five trading sessions, the scrip is up nearly 15 percent ranging from Rs 68 to the current levels. One of the factors justifying the rally in the stock price is pertaining to the business update [...]
S&P Global Ratings on Wednesday said it is expecting a significant fall in rates of metallurgical coal and Indian steel makers are to benefit from the price correction. "We expect lower seaborne met coal prices will help Indian steel mills, as they import 70 per cent of their total requirement," S&P Global Ratings credit analyst [...]
The domestic aviation industry continues to witness recovery with air passenger traffic logging around 60 per growth at 13.60 crore in FY23 annually, ICRA said on Wednesday. Despite this, domestic air passenger traffic remained around 4 per cent below the pre-pandemic (FY20) volume of 14.15 crore, the credit rating agency said. The Indian carriers had [...]
Keshub Mahindra, a pioneer of Indian auto industry and Mahindra & Mahindra Ltd Chairman Emeritus, died on Wednesday morning in Mumbai due to old age. Mahindra, 99, breathed his last on Wednesday morning at home peacefully, said a person close to the family. He had led the Mahindra Group for 48 years as Chairman and [...]
Shares of Tejas Networks, a Tata Group company spiked 6.47% on Wednesday’s early Trades to reach an intraday high of ₹ 656.00 apiece on the National Stock Exchange after ICRA reaffirmed its credit rating. ICRA is required to review its ratings on an annual basis or as and when circumstances warrant. The credit rating agency, [...]
