The shares of SBI Life Insurance Co. were trading for Rs 1,275 a piece, almost flat for the day during the first half of the trading session on Thursday. In the last six months, the stock has generated a return of 15.38% for its shareholders. It has trailed the benchmark Nifty50 index which has returned [...]
“The Indian automotive market is poised for rapid Electric Vehicle (EV) growth, due to the convergence of factors including government incentives, improving cost-competitiveness and original equipment manufacturer (OEM) investment, along with increased customer readiness and awareness,” according to a report by Bain & Company. The revenue pool of the industry is expected to reach a [...]
Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over Rs 629 crore through open market transactions. As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of Rs 171 [...]
The sale of government's up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation [...]
Equity benchmarks Sensex and Nifty faced heavy drubbing on Thursday, falling over 1 per cent each, in tandem with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance. The 30-share BSE Sensex tanked 878.88 points or 1.40 per cent to settle at 61,799.03. During the day, it tumbled 962.3 [...]
The rupee declined by 27 paise to close at 82.76 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance dented investor sentiments. A massive sell-off in domestic equities and a strong greenback overseas also weighed on the local unit, forex traders said. At the interbank [...]
Crude oil prices and diesel marketing margins witnessed sharp corrections to ₹ 3.5 per litre to ₹ 13 per litre in H1FY23, as international diesel prices corrected to $103/bbl after reaching a high of $170/bbl in Mar 2022. As a result, analysts at brokerage firm Prabhudas Lilladher upgraded the shares of three oil marketing companies [...]
The shares of Kamat Hotels (India) Ltd., a chain of luxury hotels and hospitality were trading at Rs 109.20 per share as of 13:20 IST. Kamat Hotels is a small-cap company with a market capitalization of Rs 257 crore. Kamat Hotels has been a multi-bagger stock this year. Its shares have generated multi-bagger returns of [...]
The shares of Gulshan Polyols Limited opened 9 per cent higher at Rs 267.70 as against its previous close of Rs 245.75. This came after the company won an order worth Rs 137 Crore to supply 22,209.2 Kilolitres of Ethanol from its Boregaon Plant to multiple Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd, [...]
Prabha Narasimhan, former senior executive director at HUL took over as Colgate-Palmolive’s early September this year. She disclosed her plans for the growth of the FMCG giant in the recent annual analysts' meet. Under her stewardship, Colgate-Palmolive plans to grow its oral care business with a focus on premiumization and likewise focus on the non-oral [...]
