A rally in IT stocks overpowered weak global cues and relieved investors as domestic equity indices opened in the green. The thirty-share BSE Sensex opened for the week at 59,033.77 points and the fifty-share NSE Nifty 50 at ₹ 17,421.90 points. Realty and metal sectors were star performers in Friday's session. The indices closed in [...]
The continuing demand for housing, accounting for 60-65 per cent of cement demand, and aggressive government investments in infrastructure will drive demand, nudging cement-makers to add 145-155 MT in fresh capacity at an investment of Rs 1.2 lakh crore by FY27, according to a report. With 570 million tonne (mt) of installed capacity, India is [...]
Negotiation with Chauhan's to acquire their packaged water business Bisleri International has "ceased", Tata group's FMCG arm Tata Consumer Products Ltd (TCPL) said on Friday. Resting the speculations about a possible acquisition, TCPL in a regulatory update said it has not entered into any agreements over the acquisition of Bisleri. "In this regard, the company [...]
Equity benchmarks Sensex and Nifty overcame bouts of volatility to settle in the green for the second straight session on Friday, propped up by robust demand for the metal, banking and financial stocks amid a firm trend in global equities. Besides, a strengthening rupee and lower crude prices in the international markets also influenced sentiments [...]
Formed in 2002, Rail Vikas Nigam Ltd. (RVNL) is a public-sector undertaking under the Ministry of Railways. It is responsible for the implementation of infrastructure projects of the Railways Ministry in India. These projects can be the installation of railroad tracks, their upgrade/changes, railway electrification, building major bridges, and setting up workshops or production units. [...]
India's banking system is expected to remain unscathed from the troubles in Credit Suisse as it has a very small presence in the country, experts said. Although Credit Suisse is more relevant to India's financial system than Silicon Valley Bank (SVB), it has very limited operations, according to a report by Jefferies India. The Switzerland-based [...]
The government on Friday said it is planning to shut down the operation of state-owned Hindustan Insecticides Ltd's (HIL) two plants located in Kerala and Punjab due to losses incurred for the last several years. Minister of State for Chemicals and Fertilisers Bhagwanth Khuba, in his written reply to the Lok Sabha, said: "Yes Sir", [...]
The shares of Jubilant Pharmova Ltd. rallied as much as 14.45% to Rs 318 on Friday after the company announced that the Canadian government has provided an additional loan facility for the expansion of its contract manufacturing site in Montreal. Jubilant Pharmova is an integrated global pharmaceuticals and life sciences company with a market capitalization [...]
The stock of NHPC Ltd. jumped as much as 5.8% to touch the day’s high of Rs 43 per share during the first half of the trading session on Friday. This took the market capitalization of the ‘Mini Ratna’ status hydropower projects developer upwards of Rs 43,000 crore. The increase in the share price of [...]
The shares of Olectra Greentech gained 9.44% on Friday’s early trades to reach an intraday high of ₹ 654.60 apiece on the National Stock Exchange (NSE) after volumes jumped at the counter. 44.12 lakh shares changed hands on the counter by 01:20 PM against 18.43 lakh shares on the previous day. Olectra Greentech is engaged [...]
