The shares of Bhagawati Oxygen were locked in an upper circuit of 5 percent at Rs 50.45 levels in the early trading hours on Thursday. In the last five trading sessions, the stock has hit the upper circuit of 5 percent consecutively and gained approximately 22 percent. The covid 19 cases in India and across [...]
Public sector banks appear to be out of the woods as they managed to reduce their bad loans and post record profits this fiscal, a trend which is likely to continue in 2023 also. Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability [...]
The new emission standard, Bharat Stage TREM IV, for tractors of engine power of over 50 horse power set to kick in from January 2023, will impact around 7-8 per cent of the domestic volume and manufacturers are expected to gradually pass the cost increases to customers, according to ratings agency ICRA. A big proportion [...]
The shares of Gautam Gems Ltd surged 4.97% on Thursday’s early trades. They got locked at an upper circuit at 20.50 apiece. In fact, they hit the upper circuit for three days in a row. 5,45,651 shares worth ₹ 1.12 crore changed hands on Thursday. Gautam Gems is a Surat Based company and is an [...]
A surge in post-pandemic pent-up demand helped India's property market overcome risks from rising interest rates this year but the dream run might face hurdles from global headwinds in 2023. Any moderation in growth will mark a premature end to what industry watchers believe to be the start of a "long-term upcycle" in the Indian [...]
Dr Reddy's Laboratories on Thursday said all claims against it in the antitrust litigation filed in the US, related to a prescription medicine Revlimid, used in treatment of multiple myeloma have been dismissed. In a regulatory filing, the company said on December 22, 2022 and December 27, 2022, the plaintiffs voluntarily dismissed Dr Reddy's Laboratories [...]
Sheela Foam Ltd, the maker of popular mattress brand Sleepwell, is in advance talks with rival Kurlon to acquire its business, according to industry sources. If it goes through, the deal will help Sheela Foam, a market leader in the fast-growing branded mattress category, to expand its business in South, West and other markets where [...]
Shares of KFin Technologies made a muted market debut on Thursday and listed on a flat note. The stock made its debut at Rs 369, higher by just 0.81 per cent, against the issue price of Rs 366 on the BSE. It later hit a high of Rs 369.40 and a low of Rs 352.65. [...]
India is aiming to double the size of its automobile industry to Rs 15 lakh crore by the end of 2024, making it one of the world's top countries in this sector, Union Road Transport and Highways Minister Nitin Gadkari said on Wednesday. Gadkari also said that his ministry will carry out project works worth [...]
JK Lakshmi Cement has tied up with GreenLine, a pioneer in green and smart logistics in India, for the introduction of LNG-fuelled heavy trucks for transporting cement. "With this association, GreenLine will enable JK Lakshmi Cement to decarbonise its road logistics operations in a phased manner over the next few years," the company said in [...]
