Benchmark stock indices Sensex and Nifty declined for a third straight day on Thursday as investors turned cautious ahead of release of key inflation and industrial production data. In a choppy trade, the 30-share BSE Sensex declined by 147.47 points or 0.25 per cent to settle at 59,958.03 as 15 of its constituents ended with [...]
Air India will launch 12 weekly flights to London Gatwick airport as well as operate additional services to London Heathrow airport from March, as the Tata group-owned airline strengthens its international network. The new and additional flights to the UK will start from March 26. "To Gatwick, Air India will operate a thrice-a-week service from [...]
One of India’s largest apparel export company Gokaldas Exports Limited (GEL) is a multibagger stock in which two brokerages see an upside of up to 60%. The company designs, manufactures and sells a wide range of garments for men, women and children. It caters to the needs of leading international fashion brands and retailers. Despite [...]
The country's wheat production is likely to set a new record of more than 112 million tonnes in the 2022-23 crop year (July-June), according to official sources. Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in 2021-22 crop year, as per the agriculture ministry data. In 2020-21, [...]
After a sharp decline in initial public offer activities in 2022, Kotak Investment Banking on Thursday said it expects a 30 per cent jump in IPO issuances in 2023. Its head of equity capital markets, V Jayasankar told reporters that there is a strong pipeline of over USD 9 billion, which has been approved by [...]
The Uttar Pradesh Electricity Regulatory Commission (UPERC) has severely reprimanded two power distribution companies, Paschimanchal Vidyut Vitran Nigam Ltd (PVVNL) and Madhyanchal Vidyut Vitran Nigam Ltd (MVVNL) for poor progress of power meter conversion. The Commission feels that it is due to some 'nefarious interest or goblin mode' that the two discoms are not putting [...]
India will take up developmental issues of the Global South at the meetings of the G-20 countries emphasising that there should not be any first world or third world, but only one world having a common future. Addressing the ministerial session at the Global South Summit, she said India will use the G-20 Presidency to [...]
The government on Wednesday said 18,600 toys have been seized in the last one month from major retail stores, including those of Hamleys and Archies at airports and malls across the country, for lack of BIS quality mark. Meanwhile, consumer protection regulator CCPA has also issued notices to three major e-commerce players -- Amazon, Flipkart [...]
The ‘Big Whale’ of the Indian stock market, Ashish Kacholia, continues buying stocks and adding to his portfolio which is worth more than Rs. 1,909.1 Crores. The investor recently bought a stake in Agarwal Industrial Corporation. As per the latest filing for the December quarter, the ace investor bought additional 2,00,000 shares, or 1.25% stake [...]
Increasing interest rate cycles and better returns from equity weigh down on mutual funds focussed on investing in fixed income securities in 2022, with the segment witnessing a net outflow of Rs 2.3 lakh crore, while a reversal of trend is expected in 2023 on anticipation of slowdown in the rate hike cycle. This was [...]
