Leading bourse NSE on Thursday said it has received final approval from markets regulator Sebi to set up a Social Stock Exchange (SSE) as a separate segment on its platform. The final clearance was received on February 22, the National Stock Exchange (NSE) said in a statement. The Social Stock Exchange segment will provide new avenue [...]
Merger-bound Zee Entertainment’s share price tanked 14.44% after the company the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition filed against the company. This move has likely put the merger on standstill. The media major’s share price reached a 52-week low of 176.55 apiece on Thursday’s early trades. Its shares were trading [...]
The labour intensive apparel sector will contribute significantly in taking the country's merchandise exports to USD one trillion by 2030, AEPC said on Thursday. The Apparel Export Promotion Council (AEPC) said that the incentives in the Budget will help the apparel industry focus on market and product diversification. The council chairman Naren Goenka said that [...]
The Domestic indices suffered huge losses on Wednesday dragging the Nifty 50 below 17,560 and Sensex below 59,750. On Thursday, the benchmark opened flat. The NSE Nifty 50 fell 7.25 points or 0.04% to 17,547.05 and BSE Sensex dipped 21.03 points or 0.04% to 59,723.95. As markets face turmoil, here are 3 fundamentally sound stocks [...]
The shares of Mirza International Limited were trading marginally higher on Thursday morning at Rs 283 levels. Yesterday the stock climbed up by more than 5 percent after the company received approval from the National Company Law Tribunal for the scheme of arrangement proposed by them. As per the scheme, the company will amalgamate with [...]
Lemon Tree Hotels on Tuesday announced that it had signed a Franchise Agreement for a 34-room property in Manali, Himachal Pradesh, under its brand “Lemon Tree Hotel”. This hotel is expected to be operational by June 2023. The hospitality company’s share price has increased by 48.74 percent in the past year. Its shares were trading [...]
Haryana Chief Minister Manohar Lal Khattar on Thursday said no fresh tax will be imposed, as he presented the state budget for the financial year 2023-24. Khattar, who also holds the finance portfolio, proposed Rs 1,83,950 crore state budget for the year 2023-24, an increase of 11.6 per cent over the revised estimates of Rs [...]
Finance Minister Nirmala Sitharaman on Wednesday embarked on a visit to Bengaluru to attend the first meeting of the G20 Finance Ministers and Central Bank Governors under the G20 India Presidency. The two-day meeting beginning February 24 will focus on priorities under global economy, international taxation, financial sector, international financial architecture, sustainable finance, infrastructure, health [...]
Prime Minister Narendra Modi on Thursday said the government is fully committed to sustainable development in the field of green energy. Modi was responding to a tweet by Union Minister for Heavy Industries, Mahendra Nath Pandey which said that electric vehicles under the FAME ll scheme have saved 22.9 crore litres of fuel as well [...]
Benchmark indices declined in early trade on Thursday, falling for the fifth straight session, amid concerns that the US Federal Reserve might raise interest rates further to curb inflation. Fresh foreign fund outflows and a mixed trend in the US market also hit investor sentiments. In initial trade, the BSE Sensex declined 92.7 points to [...]
