Cement stocks were trading in the green on Wednesday, a day after Finance Minister Nirmala Sitharaman indicated that the government could consider a reduction in the goods and services tax on cement. Cement stocks like India Cements (up 1.99%), UltraTech Cement (up 1.87%) Ramco Cements(up 1.53%) Heidelberg Cement India (up 1.97%) were in the green [...]
The Indian equity indices opened in green on Wednesday, ahead of the RBI MPC meet outcome. The NSE Nifty 50 rose 66.85 points or 0.38% to start at 17,788.35 while the BSE Sensex climbed 220.75 points or 0.37% to begin at 60,506.79 levels. As markets remain in green, here are 2 Mahindra group stocks that [...]
The shares of Pearl Global Industries Limited opened 15 percent higher at Rs 413.60 levels on Wednesday as against its previous close of Rs 359. The scrip jumped after the company posted robust quarterly results. In Q3FY23, the company reported total revenue from operations of Rs 717 Crore, a jump of 2 percent Year on [...]
Shares of most of the Adani group firms gained in late morning trade on Wednesday, with flagship company Adani Enterprises rising 13 per cent. As many as eight Adani Group firms were trading in the positive territory while two were in the red. On the BSE, the scrip of Adani Enterprises zoomed 13.07 per cent [...]
Birla Corporation Limited, a flagship company of the M P Birla group, started Wednesday’s session in the green at Rs 908 levels. The company is primarily engaged in the manufacturing of cement as its core business activity. It has a significant presence in the jute goods industry as well. In Q3FY23, the company reported a [...]
The Reserve Bank on Wednesday projected retail inflation to ease to 5.3 per cent in next fiscal from 6.5 per cent this year on assumptions of lower imported inflation, even though core inflation remains sticky. The RBI's inflation outlook for current fiscal has improved from 6.8 per cent projected earlier, to 6.5 per cent, on [...]
State-owned hydro power giant NHPC has posted a 12.59 per cent decline in its consolidated net profit to Rs 775.99 crore for the December 2022 quarter, mainly due to higher expenses. The consolidated net profit of the company was Rs 887.76 crore in the quarter ended December 2021, showed a BSE filing on Tuesday. Its [...]
Fintech firms LazyPay, IndiaBulls Home Loans and Kissht are among the list of blocked websites issued by the Ministry of Electronics and IT, according to sources. The government has blocked 232 apps operated by overseas entities, including Chinese, for being involved in betting, gambling and unauthorised loan service. As per the list, the Ministry of [...]
The Reserve Bank on Wednesday hiked key benchmark policy rate by 25 basis points to 6.5 per cent, citing sticky core inflation. This is the sixth time interest rate has been hiked by the Reserve Bank of India (RBI) since May last year, taking the total quantum of hike to 250 basis points. Announcing the [...]
The RBI on Tuesday projected India's economic growth to slow down to 6.4 per cent in FY24 from 7 per cent in the current fiscal, citing risks from geo-political tension and tightening global financial condition. Announcing the bi-monthly monetary policy, Reserve Bank of India Governor Shaktikanta Das said the RBI's internal survey says manufacturing, services [...]
