The tobacco giant ITC has been one of the most loved stocks by Indian investors lately. In the last 12 months, the stock of cigarettes to flour maker has surged a whopping 56%. While during the same period, the benchmark NIFTY 50 index trades almost flat at the present 16,930 level. Headquartered in Kolkata, ITC [...]
Markets regulator Sebi has renewed recognition to AMC Repo Clearing Ltd as a clearing corporation for one year for the purpose of clearing and settling transactions in repo and reverse repo in the debt securities. The regulator has granted renewal of recognition for one year commencing on January 17, 2023 and ending on January 16, [...]
Anil Agarwal-led Vedanta on Thursday announced the appointment of Omar Davis as its President–Strategy. Davis will work closely with Vedanta chairman Agarwal to lead the Group's strategic initiatives and will be based out of the group's London office. A seasoned natural resources banker, Davis has an experience of 25 years in the industry, Vedanta said [...]
Shares of Samvardhana Motherson International Ltd (SAMIL) plunged 14% to reach an intraday low of ₹ 66.05 apiece on the National Stock Exchange (NSE) after its promoters sold a stake in a large deal. Its shares were trading at ₹ 69.05 apiece at 12:07 PM on Thursday. Sumitomo Wiring Systems (SWS), Japan and its 100% [...]
The economy is likely to log in a tepid 6 per cent growth next fiscal, in line with the consensus estimates, rating agency Crisil said on Thursday. The agency also sees the economy averaging a growth rate of 6.8 per cent over the next five fiscals. Crisil further said it expects the corporate revenue to [...]
State-owned power giant NTPC has commissioned first-of-its-kind commercial green coal project in Varanasi, which will make torrefied charcoal from municipal waste. Nearly three years ago NTPC had planned to make green coal (torrefied charcoal) from municipal waste, a company statement said. NTPC's arm NTPC Vidyut Vyapar Nigam Ltd (NVVNL) had awarded the project on an [...]
The shares of Patanjali Foods Ltd. (Ruchi Soya Industries Ltd.) got locked in the lower circuit after falling 5% during the early hours of trading on Thursday. This comes on the back of the company notifying that the stock exchanges froze the promoters' shares as they hold a majority 80.82% stake in the company. In [...]
Andhra Pradesh Finance Minister Buggana Rajendranath on Thursday tabled a Budget of Rs 2,79,279 crore for financial year 2023-24 in the Legislative Assembly here. Of the total budget, Rs 54,228 crore has been allocated for direct benefit schemes (DBT), which include YSR Pension Kanuka getting Rs 21,435 crore, YSR Rythu Bharosa (Rs 4,020 crore), Jagananna [...]
India's milk production rose 5 per cent in 2021-22 to 221.06 million tonnes, the government said on Wednesday. Minister of Fisheries, Animal Husbandry & Dairying Parshottam Rupala on Wednesday unveiled an annual publication 'Basic Animal Husbandry Statistics 2022'. The Minister congratulated Animal Husbandry's Statistics Division for coming out with this publication. He said the book [...]
Almost one and a half months after resigning from the suspended board of debt-ridden Future Retail Ltd, Kishore Biyani has withdrawn his resignation. The Resolution Professional of Future Retail Ltd (FRL), which is currently going through an insolvency resolution process, had raised objections to the contents of Biyani's resignation letter and had requested him to [...]
