Strengthening multilateral development banks to address shared global challenges of the 21st century, financing for resilient, inclusive and sustainable 'cities of tomorrow' are some of the key agenda items for first G20 Finance Ministers & Central Bank Governors' meeting to be held at Bengaluru later this month. The First Finance Ministers & Central Bank Governors [...]
The government is likely to put on sale six mineral blocks, including four iron ore mines, in the current month. The move would give a boost to mining sector's contribution to the country's gross domestic product. The four iron ore blocks, situated in Chhattisgarh, are likely to be auctioned on Tuesday, according to the mines [...]
Public sector asset reconstruction company NARCL is likely to revive Srei Infrastructure Finance Ltd (SIFL) and wind up the group's equipment financing arm SEFL after recovering outstanding debt in seven years, a source said on Sunday. NARCL (National Asset Reconstruction Company) on Wednesday won the bid to take over the two Srei group firms -- [...]
Samvardhana Motherson Automotive Systems Group BV (SMRPBV) on Sunday said it has inked a pact to acquire Germany-based SAS Autosystemtechnik GmbH at an enterprise value of 540 million euros (around Rs 4,789 crore). The company, a unit of Samvardhana Motherson International Ltd (SAMIL), has entered into an agreement with FORVIA Group firm Faurecia to acquire [...]
Equity benchmark indices climbed in initial trade on Monday amid a positive trend in Asian markets. The BSE Sensex climbed 165.9 points to 61,168.47. The NSE Nifty advanced 35.25 points to 17,979.45. From the Sensex pack, Power Grid, HCL Technologies, ITC, Bharti Airtel, Hindustan Unilever, ICICI Bank, IndusInd Bank, Infosys, Tech Mahindra, NTPC and HDFC [...]
Currently, markets are trading range bound and valuations are fair with Nifty trading at ~18x FY24E EPS. Thus there is room for a modest upside but only if corporate earnings do not see material downgrades ahead. Motilal Oswal Financial Services The Nifty has fallen to the upper band of the falling channel on the daily [...]
Investors closely track investment/ divestment by FIIs as are considered both a trigger and a catalyst for the performance of the market. Inflows of money by institutional investors give investors confidence in the company in which they have invested. It helps them get broader trends and find what's happening in the market. In fact, the [...]
A dividend is the distribution of a company's earnings to its shareholders as a reward for investing in the company. It acts as a passive income for the investors in the market. Along with their quarterly results companies generally announced the payment of dividends. Here are some stocks trading ex-dividend next week Bharat Dynamics Ltd [...]
The equity market started on a shaky note on Monday and domestic benchmark gauges shed their marginal gains amid mixed cues from Asian markets. The 30-share BSE Sensex declined 196.61 points or 0.32 percent to 60,486.09 points while the NSE Nifty fell 38.50 points or 0.22 percent to 17,818 points. On Friday, The BSE Sensex closed [...]
The income and profits shown by various BBC group entities are not commensurate with the scale of their operations in India, according to an official statement on Friday, a day after the Income Tax authorities ended a three-day-long survey against the British media organisation. The Central Board of Direct Taxes (CBDT) issued a statement without [...]
