Bank of Baroda and Indian Overseas Bank have increased their marginal cost of fund-based lending rates (MCLR), following a hike in the interest rates on loans and deposits by their largest public sector peer SBI. The latest hikes in the interest rates come days after the Reserve Bank of India (RBI) on February 8 increased [...]
The Indian benchmark equity indices managed to close the weekly F&O expiry day’s session in the green territory. The BSE Sensex rose 44.42 points or 0.07% to end at 61,319.51 while the NSE Nifty 50 advanced 20.00 points or 0.11% to close at 18,035.85 levels. As the markets gain, here are 2 fundamentally strong stocks [...]
Indian Oil Corporation (IOC) on Thursday took to Twitter to clarify on its initial pact for hiring Adani Group's port at Gangavaram in Andhra Pradesh for LPG imports in addition to existing pacts with nearby ports, saying there is no take-or-pay agreement. The statement, which came in response to TMC's Mahua Moitra raising a stink [...]
Godrej Appliances, part of the diversified firm Godrej & Boyce Mfg Co, expects a 20 per cent increase in gross sales at around Rs 6,200 crore in FY24, according to a top company official. The company is expecting contribution from its premium products of up to 40 per cent from 35 per cent at present, [...]
Non banking financial company Akme Fintrade (India) Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an Initial Public Offering (IPO). The public issue comprises fresh issuance of 1.1 crore equity shares and no offer for sale (OFS) component, according to the Draft Red Herring Prospectus (DRHP). Proceeds of the [...]
Promoters usually belong to the top-level management of a company. They are the ones who have the best idea of what is happening in the company and can steer it to success. When the promoter stake is high or is increasing, it is considered that the promoters believe in the future of the company. While [...]
The Union Budget 2023-'24 has been prepared keeping growth in focus and also external economic challenges such as fuel prices, Finance Minister Niramala Sitharaman said on Thursday. In an interactive session on the Budget, she said the focus was on the common man and weaker sections and to ensure that their businesses are supported, their [...]
Equity benchmark indices ended marginally higher on Thursday amid volatility faced during the last minutes of trading hours as concerns over rising inflation and fears of monetary tightening worldwide hit the sentiment. The BSE Sensex eked out marginal gains of 44.42 points or 0.07 per cent to settle at 61,319.51. During the day, it jumped [...]
India's investment in private wireless network is expected to reach nearly USD 250 million by 2027, according to a report by Nokia that also talked of a three-fold jump in mobile data usage in the country over last five years. Nokia's annual Mobile Broadband Index (MBiT) report pointed towards a significant acceleration in enterprise investment, [...]
Bharat Dynamics Limited (BDL), a manufacturer of guided missiles and allied defence equipment showcased the largest-ever display of its products during the Aero India – 2023 show at Bengaluru, following which it entered into ten Memorandum of Understanding (MoUs) with several foreign and Indian companies. The Miniratna CPSE’s share price shot up 9.34% to reach [...]
