The stock of Alok Industries Ltd., a Reliance Group stock, rallied up 12.20% to Rs 13.70 per share during the first half of the trading session on Wednesday, March 15. Part of the Mukesh Ambani-led Reliance Industries, Alok Industries is a small-cap textile company in the cotton and polyester industry. Reliance Industries had purchased erstwhile [...]
India's exports dipped in February for the third consecutive month by 8.8 per cent to USD 33.88 billion against USD 37.15 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Imports also declined by 8.21 per cent to USD 51.31 billion as against USD 55.9 billion [...]
Uttarakhand finance minister Prem Chand Aggarwal on Wednesday presented the annual budget for the financial year 2023-24 in the state assembly here, announcing an increase in capital expenditure. Aggarwal presented the budget on the third day of the state assembly's ongoing budget session in Uttarakhand's summer capital Gairsain. The budget focuses on investment in the [...]
Vedanta Ltd on Wednesday said that it has repaid USD 100 million to Standard Chartered Bank through release of encumbrance on March 10. Vedanta Resources Ltd has earlier said it has enough means to meet debt repayment liabilities in the coming quarters as it looked to assuage investor concerns around its financial position. Vedanta Resources [...]
Hero Electric on Wednesday said it is set to roll out over 10 lakh vehicles annually in the next two to three years from its manufacturing units in India. The company, which launched new versions of its three electric scooter models priced between Rs 85,000 and Rs 1.3 lakh, plans to set up a greenfield [...]
Dolly Khanna, a Chennai-based ace investor is known for picking small-cap stocks that tend to outperform the market. Her portfolio is managed by her husband Rajiv Khanna and it typically leans towards manufacturing, textile, chemicals and sugar stocks. Rama Phosphates, a fertilizer stock from her portfolio jumped as much as 20% on Wednesday’s early trades [...]
The shares of Voltamp Transformers Ltd zoomed 139.18% in the past two years to give multibagger returns, as its share price increased from ₹ 1,152.05 to ₹ 2,755.50 apiece. If an investor would have invested ₹ 1 lakh in the company’s shares two years ago, the value of their holdings would have been ₹ 2.39 [...]
Nazara Technologies on Wednesday said that out of Rs 64 crore held by its two step down subsidiaries in Silicon Valley Bank, Rs 60 crore has been successfully transferred to bank accounts outside of SVB. The balance Rs 4 crore remains in SVB accounts for unrestricted operational use, the company said in a regulatory filing. [...]
The shares of Indian Energy Exchange Ltd. (IEX) jumped as much as 5.85% to touch the day’s high of Rs 153.80 a piece during the early hours of the trading session on Wednesday. In the past month alone, the stock has gained roughly 14% as the company has been conducting buyback of shares via the [...]
A consortium of Ramkrishna Forgings Ltd (RKFL) and Titagarh Wagons Ltd (TWL) emerged as the L1 (lowest bidder) for the manufacture and supply of Forged Wheels under Aatma Nirbhar Bharat by the Ministry of Railways, as per the financial bid opening dated March 14, 2023. According to an exchange filing, the companies will supply around [...]
