Rail Vikas Nigam Ltd. (RVNL) emerged as the lowest bidder for the manufacturing and maintenance of Vande Bharat trains. Following the announcement, the company’s share price zoomed 15.38% to reach an intraday high of ₹ 67.50 apiece. Its shares closed at ₹ 65.70, up 12.31% on the National Stock Exchange (NSE). This project includes the [...]
CG Power and Industrial Solutions board on Thursday approved an interim dividend of Rs 1.5 per share of face value of Rs 2 each for the fiscal year 2022-23. Board of directors of the company at its meeting held today i.e. 2nd March, 2023 has considered and approved the payment of interim dividend at Rs [...]
Market benchmarks ended nearly 1 per cent lower on Thursday amid weak trend in global equities and continuous foreign fund outflows. The BSE Sensex tumbled 501.73 points or 0.84 per cent to settle at 58,909.35. During the day, it tanked 544.82 points or 0.91 per cent to 58,866.26. The NSE Nifty declined 129 points or [...]
Commerce and industry minister Piyush Goyal on Thursday said that PM GatiShakti national master plan and logistics policy together will help improve competitiveness of businesses and attract investments into India. He said that layers of data are there at PM GatiShakti portal where different geological, ecological and infrastructural elements across the country were mapped and [...]
Drug major Sun Pharma on Thursday reported an "information security incident" at the company and said it is investigating the matter. The Mumbai-based company said the impacted IT assets have been isolated. "This is to inform that an information security incident has occurred at the company and the impacted IT assets have been isolated," Sun [...]
The shares of Macrotech Developers (the erstwhile Lodha Developers) zoomed 18.25% on Thursday’s early trades to reach an intraday high of ₹ 998.95 apiece. The shares extended gains for the fourth straight session. This happened after Motilal Oswal in its recent report said that the company is targeting sustainable growth on the back of industry [...]
Kiri Industries, who is engaged in a stake valuation case with Dystar, a leading dyestuff & chemical manufacturer and solution provider, came with an update about the same today. The judgment regarding the same case will be heard on the 3rd of March, 2023. On the news, the company’s stock opened today at Rs 277, [...]
Automotive Stampings and Assemblies Ltd, a Tata group company, saw its shares open at Rs 296.85 levels and gain as much as 10 percent to reach an intraday high of Rs 325.95 levels till the afternoon. Automotive Stampings and Assemblies Limited (ASAL), is a subsidiary of Tata Autocomp Systems Limited. The company manufactures and supplies [...]
Bajaj Finserv, on Wednesday, communicated about the receipt of a license from the market regulator SEBI to start a mutual fund business. Bajaj Finserv Asset Management Limited (BFAML) will be the investment manager of the MF business and Ganesh Mohan, who has been a part of Bajaj Finserv for 8 years as group head for [...]
Embattled tycoon Gautam Adani on Thursday welcomed the Supreme Court order of a time-bound probe into allegations levelled by Hindenburg Research against his group, saying this will bring finality and truth will prevail. Shortly after a bench headed by Chief Justice D Y Chandrachud passed the order, Adani tweeted: "The Adani Group welcomes the order [...]
