Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotives of 9000 HP (horsepower) worth over ₹20,000 crores at Dahod in Gujarat. Its share price surged 6.67% to reach an intraday high of 2948.00 apiece on the National Stock Exchange (NSE). PTI reported that the estimated cost of [...]
Domestic benchmark indices extended gains into the third straight day as global markets bounced back. BSE Sensex surged 787 points, or 1.3% to end at 60,747, while broader NSE Nifty 50 shut shop at 18,011, up 225 points or 1.26%. Amid the soaring markets, here are two stocks that have reached their 52-week high: Dabur [...]
The shares of Larsen & Toubro Limited opened at Rs 2,097 and gained more than 2 per cent to reach a 52-week high of Rs 2,144 in the early hours of Wednesday. In the past month, the shares have gained 5 per cent. The stocks of the construction giant gained after they announced that their [...]
The rupee depreciated 25 paise to 82.75 against the US dollar in early trade on Wednesday, tracking muted domestic equities ahead of the Reserve Bank of India's monetary policy decision. Forex traders said dollar demand in the overseas market and foreign fund outflows weighed on investor sentiments. At the interbank foreign exchange, the domestic unit [...]
The shares of BCL Industries Ltd shed 2 per cent and closed at Rs 377 on Tuesday. However, in the span of a month the stock has gained 14 per cent. BCL Industries Ltd Limited, part of Mittal group, is in the edible oil and distillery business in India. The company sells its products under the [...]
The central government is on track to meet its fiscal deficit target of 6.4 per cent of the GDP for 2022-23 on the back of strong growth in revenue collections, the World Bank said in its India Development Update on Tuesday. High nominal GDP growth in the first quarter supported strong growth in revenue collection, [...]
The shares of Shriram Transport Finance Company gained more than 2 percent on Tuesday at Rs 1,321 levels. In the past six months, the shares have gained approximately 12 percent. Recently the company, which is India’s largest financier of commercial vehicles merged with its other group company Shriram City Union Finance which is the largest [...]
The shares of Bajaj Consumer Care started the week on a strong note. On Monday, the shares gained as much as 3 per cent. The rally continued on Tuesday as it was trading 4 per cent higher at Rs 180 levels till the afternoon. Trading volumes on the counter jumped over three-fold with a combined [...]
The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control by carriers amid rising fuel prices, according to industry body IATA. In June, the International Air Transport Association (IATA) projected the industry loss at USD 9.7 billion. In October [...]
The promoter entity of TVS Motor Company on Monday offloaded 25.69 lakh shares of the firm for ₹ 262 crores via open market transactions. As a result, its shares lost 3% by Monday’s closing bell. They were trading at ₹ 1015.00 apiece at 12:52 PM on Tuesday. According to the bulk deal data available on [...]
