Benchmark indices Sensex and Nifty rallied more than 1 per cent in early trade on Friday in line with firm trends in the global markets and heavy buying in index major Reliance Industries. Fresh foreign fund inflows also added to the positive momentum in the equity market. The 30-share BSE Sensex jumped 705.26 points to [...]
Investing in growth stocks has recently gained traction in the Indian markets. Growth stocks are those stocks that are expected to grow at a rate significantly above the average growth rate for the market. They expand faster than their counterparts in terms of sales and profits. Generally, these stocks do not pay dividends as they [...]
Anil Agarwal led Vedanta Ltd’s shares closed 2.84% higher at ₹ 282.05 apiece on the National Stock Exchange (NSE) on Thursday after the company’s board declared a dividend. The company in an exchange filing mentioned that its board has approved the fifth interim dividend of ₹ 20.50 per share, i.e., 2050% on the face value [...]
The Union Power Ministry said on Tuesday that 11 companies including the green power arms of Reliance Industries, Tata Power company and JSW Energy are among the winners for setting up of solar photovoltaic (PV) module manufacturing capacities under Tranche II of the government’s production-linked incentive (PLI) scheme. The Solar Energy Corporation of India (SECI) [...]
Out of the ten listed Adani Group stocks, seven ended in the positive territory on Wednesday, with Adani Enterprises rallying nearly 9 per cent. Shares of Adani Enterprises jumped 8.75 per cent, the most among the group stocks on the BSE. Adani Ports rallied 7.25 per cent, Adani Wilmar went up by 5 per cent, [...]
Realty major Emerald Haven Realty Ltd (TVS Emerald) has signed a term sheet agreement with HDFC Capital Affordable Real Estate Fund-3, the city based company said on Wednesday. The two companies have come together to create Rs 1,000 crore platform for plotted development projects across Chennai and Bengaluru markets. TVS Emerald, an associate of TVS [...]
Pharmaceuticals firm Granules India Ltd on Wednesday said it has received approval from the US health regulator for its generic gabapentin tablets indicated for management of postherpetic neuralgia in adults. The approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) for Gabapentin tablets of strengths 600 mg [...]
The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter [...]
Pilots' bodies at Tata Group-owned Air India have accused the airline management of making unilaterally "rapid" and "regressive" changes in the service conditions of pilots. In a letter to Air India Chief Human Resources Officer Suresh Dutt Tripathi on Tuesday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also stated that "all unilateral [...]
Benchmark Sensex settled higher by 346 points while Nifty inched closer to the 17,100 level in a volatile trade on Wednesday driven by foreign fund inflows and firm trends in global markets. Buying in services, realty, commodities and auto stocks on the monthly expiry day also aided the momentum. The 30-share BSE Sensex advanced 346.37 [...]
