SpiceJet Ltd on Monday said it has hived off its cargo and logistics business SpiceXpress into a separate entity -- SpiceXpress and Logistics Pvt Ltd, from April 1. The move results in a one-time gain of Rs 2,555.77 crore for SpiceJet, substantially reducing its negative net worth, the company said. It also paves the way [...]
Pakistan on Sunday clarified that it never sent any merchandise to Israel following reports of its food products landing in the Jewish state. The country faced a backlash after Pakistani-Jewish businessman Mr. Fishel BenKhald posted on social media a picture of Pakistani products in Israel. It created a storm and the opposition Pakistan Tehreek-e-Insaf party [...]
Global Pharma Healthcare is recalling 50,000 tubes of eye ointment in the US market due to bacterial contamination, according to the US Food and Drug Administration (USFDA). As per its latest Enforcement Report, the US health regulator noted that the Chennai-based drug firm is recalling the affected lot of "Artificial Eye Ointment" in the US [...]
Equity market witnessed volatile trade on Monday morning, with benchmark indices Sensex and Nifty declining amid mixed trend in Asia and concerns over the inflation trajectory. As the market swung between positive and negative territories in early trade, the 30-share Sensex fell 53.63 points or 0.09 per cent to 58,937.89 points. The 50-share Nifty dropped [...]
A few stocks from the Nifty 500 index have been star performers this year as they gave stellar returns and became multibaggers in an otherwise weak market. These stocks gave multibagger returns of more than 1000%, even as the benchmark indices were in the red. Here are four stocks that gave multibagger returns and became [...]
With a market capitalization of ₹ 15,347 crores, KEI Industries is a small-cap stock which proved to be a safe long term investment for investors. The company was established in 1968 and manufactures cables and wires. Its product portfolio ranges from housing wires to extra high voltage (EHV) cables. Moreover, it has diversified into Engineering, [...]
K&R Rail Engineering Ltd stock started its trading session today at Rs 415 and closed at a price of Rs 412.25. The scrip showed an upside of around 1.5 percent as compared to the previous closing price of Rs 406.80. The stock used to be a penny stock a year back trading at price levels [...]
Domestic market barometers eked out gains at the opening bell on Monday after declining for the third week, last Friday. The thirty-share BSE Sensex started the week marginally higher at 57566 points, and the fifty-share NSE Nifty 50 at 16984 points. Traders were in for another bumpy week as the banking crisis cast a shadow [...]
AMNS Luxembourg Holding S.A has signed a USD 5 billion loan agreement with a consortium of Japanese banks to finance the expansion of AMNS India's plant located in Gujarat. ArcelorMittal Nippon Steel (AMNS) India is a 60:40 joint venture between Luxembourg-based ArcelorMittal and Nippon Steel of Japan. "AMNS Luxembourg Holding S.A, the parent company of [...]
Education firm Aakash expects to close the financial year 2023 with Rs 3,000 crore revenue thereby registering three-fold growth since its acquisition by BYJU's, the company said on Friday. BYJU's acquired Aakash Educational Services Limited (AESL) for about USD 950 million, about Rs 7,100 crore, in April 2021. "With AESL's continued expansion in the physical [...]
