The shares of Sona BLW Precision Forgings surged 8.37% on Tuesday’s early trades to reach an intraday high of ₹ 457.85 apiece on the National Stock Exchange (NSE). It is a mid-cap company with a market capitalization of ₹ 24,714 crores. The company announced the acquisition of a 54% stake and voting rights in Novelic, [...]
The shares of Tata Motors Limited gained as much as 7 percent in the early hours on Tuesday as the stock reached an intraday high of Rs 415.80. Similarly, Tata Motors DVR was also trading 5 percent higher at Rs 219 levels. The shares gained after the company’s global wholesales in Q3FY23, including Jaguar Land [...]
With the opening up of the economy post the COVID pandemic, Knight Frank on Tuesday said housing sales rose 34 per cent to a 9-year high and gross office leasing grew 36 per cent during 2022 across eight major cities. While housing sales rose 34 per cent to 3,12,666 units in 2022 across eight major [...]
India has exported 16.92 lakh tonnes of sugar till January 4 of the ongoing 2022-23 marketing year, including 59,596 tonnes of the sweetener to neighbouring China, trade body AISTA said on Tuesday. Among other neighbouring nations, India has exported 1.47 lakh tonnes of sugar to Bangladesh, and 82,462 tonnes to Sri Lanka during October-January 4 [...]
The shares of Titan Company Limited gained marginally on Tuesday and were trading at Rs 2,486 levels. Yesterday, the shares shed approximately 2 percent after the company failed to meet the expectation of analysts. In the October-December quarter or Q3, the company reported a growth of 12 percent whereas the street expected the company to [...]
The government on Monday extended the term of the deputy governor of the Reserve Bank of India (RBI), Michael Debabrata Patra, by a further period of one year. Patra's three-year tenure was coming to an end on January 14. The Appointments Committee of the Cabinet, headed by Prime Minister Narendra Modi, has approved Patra's re-appointment [...]
The Bombay High Court on Monday pulled up the Central Bureau of Investigation (CBI) for arresting former ICICI Bank CEO-cum-MD Chanda Kochhar and her businessman-husband Deepak Kochhar in a "casual and mechanical" manner and "clearly without application of mind" in an alleged loan fraud case as it granted them interim bail. The CBI arrested the [...]
Shares of TCS declined nearly 3 per cent in initial trade on Tuesday after the company's December quarter results failed to cheer investors. The stock fell 2.67 per cent to Rs 3,231 apiece on the BSE. At the NSE, it declined 2.70 per cent to Rs 3,230.10 apiece. It was the biggest laggard among the [...]
Institutional investments in retail real estate jumped over six fold to USD 492 million in 2022, as businesses in shopping malls revived strongly post the COVID pandemic, according to Colliers India. In 2021, the retail real estate had attracted only USD 77 million institutional investments because of an adverse impact of the COVID pandemic on [...]
Union Home Secretary Ajay Bhalla on Monday reviewed the steps taken to revamp infrastructure at Delhi's IGI airport that include ramping up capacities, close monitoring and revised scheduling of air slots and de-cluttering of immigration counters. Top officials of the Ministry of Civil Aviation, Directorate General of Civil Aviation (DGCA), Bureau of Civil Aviation Security [...]
