Indian companies have overtaken American firms in gross leasing of office space for the first time, with almost a 50 per cent share in the total demand, according to CBRE India. In its report released on Thursday, CBRE said that the gross leasing of office space rose 40 per cent in 2022 to 56.6 million [...]
Equity benchmarks ended lower for the second straight session on Thursday, dragged down by banking and finance counters and continuous foreign fund outflows. The 30-share BSE Sensex ended 304.18 points or 0.50 per cent lower at 60,353.27 after it failed to hold on to initial gains. During the day, it fell 607.61 points or 1 [...]
Banks and financial institutions need to design products in sync with requirements of infra projects in view of the whopping Rs 111 lakh crore National Infrastructure Pipeline (NIP), Financial Services Secretary Vivek Joshi said on Thursday. Observing that the infrastructure sector has strong backward and forward linkages with the robust multiplier effect across the sectors, [...]
The shares of BF Investment soared 75.34% from December 23, 2022, to January 04, 2023, as its board was mulling the company’s voluntary delisting. They reached a high of ₹ 462.65 apiece. The company’s shares on Thursday, January 05, 2023, hit a 10% lower circuit and were locked at ₹ 412.55 apiece on the National [...]
Continued pricing pressures in the US and European markets coupled with regulatory overhang and cost inflation will affect profit margins of major Indian pharmaceutical firms, ratings agency ICRA said on Thursday. The revenues for a sample set of 16 Indian pharmaceutical firms, including the likes of Wockhardt, Torrent Pharmaceuticals, Pfizer, Abbott India, Cipla, Lupin, Sun [...]
The shares of Droneacharya Aerial Innovations, a company that had a dream debut on the D-Street have gained 5% to hit the upper circuit for the 10th day in a row. Its shares were locked at ₹ 165.95 apiece on the Bombay Stock Exchange (BSE). The SME company got listed on the BSE SME exchange [...]
Godrej Properties on Thursday said it has sold 870 units for Rs 435 crore in its housing project at Ahmedabad, Gujarat. In a regulatory filing, Godrej Properties informed that it has sold over 1 million square feet of area at the launch of a new phase in its project 'Celeste', which is part of a township, [...]
The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday. In a recent note on the primary base metal industry, ICRA said that the earnings of the industry would continue to remain under pressure in [...]
Ace Investor Dolly Khanna is known for picking lesser-known stocks that tend to outperform the market and give multibagger returns, many times. She has been investing in the market since 1996, and her portfolio is managed by her husband, Rajiv Khanna. Tinna Rubber and Infrastructure Ltd is a leading tyre material recycler that converts waste [...]
The shares of Prestige Estates Projects Limited were trading 1 percent higher at Rs 471 levels in the early hours of Thursday. In the last six months, the stock has zoomed by approximately 18 percent. Prestige Group has firmly established itself as one of the leading and most successful developers of real estate in India. [...]
