The shares of Automotive Stampings and Assemblies Limited, a Tata group company, opened at Rs 349.70 and gained as much as 10 percent in the early hours on Friday to reach an intra-day high of Rs 383. The scrip jumped as the company reported strong earnings. In Q3FY23, the total income of the company stood [...]
Chemicals maker Anupam Rasayan India Ltd on Friday posted a 43.61 per cent jump in its consolidated net profit to Rs 54.43 crore in the third quarter of the current fiscal. The company's net profit stood at Rs 37.90 crore in the same quarter of the previous fiscal, according to a regulatory filing. Total revenue [...]
Hindenburg Research, an American investment research firm, has made some serious allegations against the Adani group. In its report, the firm alleged that the Adani Group is pulling the “biggest con in corporate history”. The report also alleged that the company is engaged in a “brazen stock manipulation and accounting fraud scheme”. It has accused [...]
Homegrown automaker Bajaj Auto’s shares accelerated by as much as 7.47% to reach an intraday high of 3995.00 apiece, on the back of healthy quarterly results. Its shares were trading at ₹ 3,958.05 apiece at 12:26 PM on Friday. Bajaj Auto was one of the top gainers in the Nifty 50 index, amid an otherwise [...]
The shares of Tata Motors vroomed 8.20% on Friday’s early trades to reach an intraday high of ₹ 453.40 apiece after the company swung to make a profit after a hiatus of seven quarters. They were quoting at ₹ 444.55 apiece, up 6.09% at 11:35 AM on Friday. The waning impact of the semiconductor chip [...]
Green Hydrogen is an environment-friendly gas that has caught the attention of some of the largest companies and governments around the world, as they are trying to pivot to a more sustainable source of energy. Green Hydrogen is one of the cleanest forms of energy in the world and is one of the ultimate solutions [...]
Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments. The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief Business Officer Aakash [...]
The Ministry of Ports, Shipping and Waterways will invite expressions of interest (EOI) from interested players for a Rs 41,000 crore international transhipment port project at Great Nicobar Island in the Bay of Bengal. The ministry in a release on Friday said that the project is expected to be complete with an investment of Rs [...]
The Adani Group on Thursday said it is examining legal options to take "punitive action" against Hindenburg Research for its "reckless" attempt to sabotage a mega share sale at the conglomerate's flagship firm - a statement that the US activist investor responded by saying it stands by its report that alleged "brazen" market manipulation and [...]
Debt-ridden Vodafone Idea's board will meet on Tuesday to discuss a proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure. Vodafone Idea (VIL) and ATC had agreed to extend the last date to issue optionally convertible debentures (OCD) till February 28 after the shareholder's approval to issue the debentures lapsed [...]
