India's structural reforms approach has ensured that it remains a globally attractive destination for investment and the country is well-positioned in the global economy, allowing it to grow briskly, possibly faster, in the coming years, Union Finance Minister Nirmala Sitharaman has said. India's journey from the 10th largest economy in dollar terms in 2014 to [...]
Domestic equity benchmark indices began the trade on a positive note on Tuesday helped by firm global market trends and continuous foreign fund inflows. The 30-share BSE Sensex climbed 252.39 points to 60,098.90 in early trade. The broader NSE Nifty gained 85.2 points to 17,709.25. Among the Sensex firms, Kotak Mahindra Bank, State Bank of [...]
Shares of ITC Ltd have remained flat today with a gain of around 0.4 percent. It opened its trading session at Rs 387.35 and currently trades at Rs 388.90. The scrip has been observed to move consistently since the start of this year. In the past six months, the stock has provided returns of around [...]
Drug major Cipla on Monday said it has inked a licensing pact with Novartis Pharma AG to manufacture and market Galvus range, used in the treatment of type 2 diabetes, from January 1, 2026. The Mumbai-based company has signed a perpetual license agreement with Novartis Pharma AG (Switzerland) to manufacture and market Galvus and Galvus [...]
Bajaj Finserv Mutual Fund, which received Sebi's clearance to begin the mutual fund operations last month, has filed draft documents with the markets regulator for launching seven schemes in equity, debt and hybrid spaces. The newest player has filed papers to launch mutual fund schemes -- liquid fund, money market fund, overnight fund, arbitrage fund, [...]
The Income Tax Department has filed an appeal against the National Company Law Tribunal approving Suraksha Group's bid to buy Jaypee Infratech Ltd (JIL) under the insolvency resolution process. Sources said the I-T Department has filed the petition before the National Company Law Appellate Tribunal (NCLAT) against the NCLT order regarding certain claims. The department [...]
Cold chain solutions provider Celcius Logistics has raised Rs 100 crore in a funding round led by IvyCap Ventures, the company said on Monday. The startup had earlier raised Rs 35 crore from existing investors Mumbai Angels, Supply Chain Labs, Endurance Capital, VCats, Huddle, Eaglewings Ventures (EVAN), and others. The company aims to utilize the [...]
The National Stock Exchange (NSE) on Monday cautioned investors against some fraudsters running illegal dabba trading with guaranteed returns to investors. Dabba trading is an illegal form of trading in shares, where operators of such trading rings allow people to trade in equities outside the stock exchange platform. The cautionary statements came after NSE found [...]
JSW Steel on Monday posted a 13 per cent growth in its consolidated crude steel production at 6.58 million tonne (MT) during the fourth quarter of FY23. The company had produced 5.81 MT crude steel from operations in India and the US in the year-ago period, JSW Steel said in a statement. For the whole [...]
Shares of Apollo Microsystems Limited zoomed 4.98% and got locked at ₹ 301.25 apiece in an upper circuit after the company fixed Thursday, May 04, 2023, as the record date to split its shares. The Apollo Microsystems is a pioneer in the design, development, assembly and testing of electronic and electro-mechanical solutions. It develops and [...]
