The Sensex and Nifty ended at fresh lifetime peaks on Tuesday amid a largely firm trend in other Asian markets and continuous foreign fund inflows. The 30-share BSE Sensex gained 177.04 points or 0.28 per cent to settle at 62,681.84, its fresh record closing high. During the day, it jumped 382.6 points or 0.61 per [...]
Private sector lender Yes Bank has inked a share purchase agreement with JC Flowers Asset Reconstruction Company (ARC). The bank on November 28, 2022, informed the bourses that it has acquired an initial stake of 9.9% and subsequently it plans to acquire an additional 10% stake. JC Flowers ARC is an asset reconstruction company under [...]
Mid-cap companies are known to be in a growth phase, which means they have the potential to provide exceptional returns to investors. The risk in these types of stocks is lower and the liquidity is higher compared to small-cap stocks. Here are 4 Mid-cap stocks that have more than doubled investors' money in just a [...]
Union Transport Minister, Nitin Gadkari, on Friday, said that all government-owned vehicles that have completed 15 years will be scrapped from April 1, 2023. A draft notification regarding the matter has been issued. "Yesterday, I signed a file under the guidance of Prime Minister Narendra Modi that all the vehicles of the Indian government which [...]
The shares of Dabur India Ltd opened at Rs 559 on Tuesday and gained approximately 6 per cent to trade at Rs 590 levels. The stock is currently trading near its 52-week high of Rs 602.50 which it reached in August this year. Last month, the company acquired a 51 per cent stake in Badshah [...]
The shares of KIOCL have gained a massive 13.44% and are trading at ₹ 227.50 apiece as of 11:44 AM on Tuesday. The public sector company’s shares reached an intraday high of ₹ 233.00 apiece on the National Stock Exchange (NSE). The stock KIOCL is listed on the NSE, the Bombay Stock Exchange (BSE) and [...]
Travel tech firm OYO shared its financials for the first half of FY23 with market regulator Sebi on Monday, reporting its EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) of Rs 63 crore. In an addendum to update its IPO application filed with the Securities and Exchange Board of India (Sebi), the company said its [...]
The rupee appreciated 8 paise to 81.60 against the US dollar in early trade on Tuesday as foreign capital inflows and a firm trend in the domestic equity market boosted investor sentiments. Besides, a weak American currency in the overseas market helped the local unit, forex dealers said. At the interbank foreign exchange, the domestic [...]
The auto industry has witnessed a host of milestones and has emerged as a strong and valuable segment in India’s manufacturing sector. It has seen the introduction of BS-VI emission norms, the adoption of electric vehicles and the penetration of CASE. The industry is now witnessing a vehicle scrappage policy, which is likely to usher [...]
The government has received about Rs 5,001 crore as dividend tranche from ONGC, taking the total dividend receipt from all CPSEs (Central Public Sector Enterprises) so far this fiscal to Rs 23,797 crore. "The government has received about Rs 5,001 crore from ONGC as dividend tranche," Department of Investment and Public Asset Management (DIPAM) Secretary [...]
