Express logistics firm DTDC Express on Monday said it has signed a non-binding initial pact with UAE-based Aramex India to leverage synergies and enhance collaboration across multiple avenues. The move aims at offering reliable and service responsive international solutions to India-based Business-to-Business (B2B) and Business to Consumer (B2C) customers, DTDC said in a statement. "We [...]
A stock whose price ranges anywhere between Rs 1 to Rs 80 and has a market capitalization of less than Rs 500 crore is categorized as a Penny stock in India. These stocks are illiquid in nature as the trading volume is generally less and thus have a higher risk. These companies are microcaps and [...]
Realtors apex body CREDAI on Monday, in its pre-Budget wish list, has sought an increase in the deduction limit on home loan interest to Rs 5 lakh from the current Rs 2 lakh in view of hardening of mortgage rates since May. The interest rates on home loans have gone up by around 2 percentage [...]
The shares of Sarveshwar Foods rallied 9.97% to reach an intraday high of ₹ 91.55 apiece on the National Stock Exchange (NSE), against the previous close of ₹ 83.25 on the National Stock Exchange (NSE). Its shares got locked at an upper circuit. Sarveshwar Foods is engaged in the manufacturing, trading and export of Basmati [...]
Ahead of the Union Budget 2023-24, Prime Minister Narendra Modi will chair the 'second national conference of chief secretaries' in the national capital next month, a senior government official said. The second national conference of chief secretaries will be held in Delhi from January 5-January 7 and it will be a significant step towards further [...]
India's steel production has reached a historic level of 120 million tonnes per year making it the world's second-largest producer of Steel, the government informed the Rajya Sabha. Steel Minister Jyotiraditya Scindia said India intends to double its steel production to 300 million tonnes per annum by 2030. "There has been a doubling in the [...]
Domestic rating agency Icra on Monday upped its banking sector outlook to 'positive' on healthy asset growth, improving asset quality and stronger capital buffers. The agency expects asset quality to improve to a decadal best of 4 per cent from a gross non-performing assets (NPAs) perspective by the end of FY24. The banking system's credit [...]
Wipro Consumer Care on Monday announced its entry into the packaged food and spice segment by acquiring Nirapara, one of the largest-selling traditional food brands in Kerala. The deal size was not disclosed by the company. The Wipro group arm has signed a definitive agreement with Nirapara, a company statement said. With this acquisition, Wipro [...]
The shares of General Insurance Corporation of India (GIC) and New India Assurance Company Ltd (NIAC) gained 11.97% and 7.91%, respectively by 01:23 PM on Monday. In fact, the shares of GIC reached a fresh 52-week high of ₹ 188.15 apiece, on the National Stock Exchange (NSE). A slew of amendments to insurance laws is [...]
The shares of sugar companies sweetened as they zoomed up to 20% on Monday, for the second day in a row. Rajshree Sugar & Chemicals (up 19.98%), Sakthi Sugars (up 19.86%), Dhampure Speciality Sugars (up 11.40%) Simbhaoli Sugars (up 19.86%), and Dalmia Bharat Sugar and Industries (up 15.68%), quoted higher. Food Secretary Sanjeev Chopra told [...]
