All the states, union territories and 32 central government departments will integrate with the National Single Window System (NSWS) by December this year, through which companies can seek all approvals and clearances for their businesses, a top official said on Thursday. So far 19 states/UTs and 27 central government departments are already onboarded, including Andhra [...]
Driven by buoyant SIP flows, equity mutual funds have attracted Rs 12,546 crore in January, making it the highest net infusion in four months, despite volatility in stock markets. This was way higher than Rs 7,303 crore inflow seen in December, Rs 2,258 crore in November and Rs 9,390 crore in October. Prior to that, [...]
Trent Ltd, a Tata Group company, which owns Westside and Zudio posted stellar results for the October to December quarter of 2022, after which its share price appreciated to the tune of 7.59 percent to reach an intraday high of ₹ 1329.90 apiece. The company’s shares were trading at ₹ 1315.00 apiece at 11:44 AM [...]
Tyre maker MRF Ltd on Thursday reported a 17 per cent rise in consolidated net profit from continuing operations at Rs 174.83 crore for the third quarter ended December 31, 2022. The company had posted a consolidated net profit from continuing operations at Rs 149.39 crore in the same quarter last fiscal, MRF Ltd said [...]
Atul Auto Limited saw its share jump by more than 9 percent in the early hours on Thursday to reach a 52-week high of Rs 376.80. In the span of a month, the stock has gained more than 34 percent. In Q3FY23, the company reported a total revenue of Rs 133.51 Crore which was an [...]
The shares of Cummins India Ltd opened 4 percent higher at Rs 1,540 levels on Thursday as against its previous close of Rs 1,474. It further gained and reached a new 52-week high of Rs 1,618 in the early hours. The scrip gained after the company reported positive Q3 numbers. In Q3FY23, the company reported [...]
The shares of KBS India Ltd appreciated to the tune of 5% to hit the upper circuit on Thursday’s early trades. Its shares were locked at ₹ 95.90 apiece at 11:00 AM on the National Stock Exchange (NSE) KBS India is a micro-cap company with a market capitalization of ₹ 98.93 crores in the financial [...]
Mining billionaire Anil Agarwal-led Vedanta Resources' liquidity will depend on a USD 2 billion fundraising exercise and the proposed sale of international zinc assets to Hindustan Zinc Ltd, S&P Global Ratings said. The rating on Vedanta Resources will likely come under immediate pressure if neither of these transactions progresses over the coming weeks, S&P said [...]
Finance Minister Nirmala Sitharaman on Thursday held a discussion with IMF managing director Kristalina Georgieva and urged the multi-lateral funding agency to develop a globally coordinated approach to the regulation of crypto assets. The Finance Minister held a virtual conversation with the International Monetary Fund (IMF) MD to discuss the upcoming G20 Finance Ministers and [...]
Even though investing directly in stocks remains a popular choice among investors, Mutual Funds are gaining traction in the Indian stock market. A fund house creates a mutual fund that consists of multiple asset classes. The funds help the investor achieve diversity with a consistent return over a period of time. These fund houses pick [...]
