Promoter’s holding is one of the most important factors that is considered while analyzing stocks. It is the percentage of shares held by the promoters, who are usually the company’s founders. The promoters often have the best view of how a company is running. An increase in their holding indicates that they see the business [...]
Pharmaceutical exports from India registered a growth of 4.22 per cent to reach USD 14.57 billion during the April-October period despite a negative trend last month, according to a senior official of an export promotion body under Government of India. Udaya Bhaskar, Director General of Pharmaceuticals Export Promotion Council of India (Pharmexcil) which is an [...]
Betting big on the emerging opportunity amid growing power consumption in the periphery of Mumbai, Adani Group aims to invest Rs 5,700 crore over five years for expanding its electricity distribution in the metropolitan region. The group will build the entire power network ground-up to compete with state-owned Maharashtra Electricity Distribution Company (MSEDCL) in the [...]
A roadmap to reduce taxes on automobiles by half over a 10-year period to make the Indian auto industry more competitive globally and provide large scale employment to benefit the economy needs consideration, according to Toyota Kirloskar Motor Vice Chairman Vikram Kirloskar. Although at the moment India cannot afford to slash the tax rate on [...]
Indian equity markets had a gap-down start on Monday, tracking losses across major Asian markets. Rising infections in China and concerns about the economic fallout spooked the markets. In addition, hawkish commentary from the US Fed damaged nascent hopes of an early end to the current cycle of rising benchmark interest rates. The BSE Sensex [...]
Nine of the top 10 valued firms together added Rs 79,798.3 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest winners. In the last week, the 30-share BSE Sensex climbed 630.16 points or 1 per cent. The barometer settled at 62,293.64, its fresh record closing [...]
Trading activity in the equity market this week will depend on macroeconomic data announcements, monthly auto sales numbers and global trends, analysts said. Bulls dominated Dalal Street last week, supported by favourable triggers like buying by Foreign Institutional Investors (FII) and a drop in crude prices. Last week, the 30-share BSE benchmark Sensex rallied 630.16 [...]
The Indian benchmark indices closed mild in the green amid weak Asian markets and mixed global cues. The BSE Sensex closed at 62,294, giving up the 63,000 level but ended 20 points or 0.03% higher. While the NSE Nifty ended at 18,512, up 28.65 points or 0.15%. While the markets made a new high, here [...]
BNP Paribas Arbitrage on Friday bought 6.5 lakh shares of Venus Pipes & Tubes for Rs 42 crore through open market transaction. According to the block deal data available with the BSE, BNP Paribas Arbitrage purchased 6,50,000 shares, amounting to 3.2 per cent stake in the company. The shares were acquired at an average price [...]
The Tata Electronics Private Limited (TEPL) has committed to recruit 80 per cent of its workforce for its mobile components-manufacturing unit at Denkanikottai in Krishnagiri district of Tamil Nadu, State Industries Minister Thangam Thennarasu said on Friday. Also, the government would ensure that other industrial units in Tamil Nadu give preference to employ those from [...]
