Lubes maker Castrol India Limited (CIL) on Friday said it will acquire a 7.09 per cent stake in TVS Automobile Solutions' digital subsidiary Ki Mobility Solutions with a planned investment of Rs 487.5 crore in an all-cash deal. With this strategic investment, CIL aims to expand its presence in service and maintenance for both internal [...]
The shares of Punjab National Bank (PNB) climbed 9.44% on Friday’s early trades to reach a fresh 52-week high of ₹ 55.65. They took the winning run to the eighth straight session. The stock rose. In the past eight days, it has gained 25.62%. The bank on Friday received DIPAM’s approval (the government’s divestment arm) [...]
Engineering systems and solutions provider Uniparts India on Friday said it has set a price band of Rs 548-577 a share for its Rs 836-crore initial public offering (IPO). The three-day initial share sale will open for public subscription on November 30 and conclude on December 2. The bidding for anchor investors will open on [...]
Telecom major Jio has rolled out 5G service across all 33 district headquarters of Gujarat under its trial phase, the company said on Friday. This makes Gujarat the first state to get 5G service across all district headquarters and it is also the biggest roll-out of the next generation service till date on trial basis. [...]
Billionaire Anil Agarwal-led Vedanta Limited, in an exchange filing on Tuesday, said that its board has approved the Third Interim Dividend of ₹ 17.50 per equity share for the current financial year. This is 1750 per cent of the face value of ₹ 1 per share, amounting to ₹ 6,505 crores. The record date for [...]
Indian benchmark indices opened marginally lower amid weak Asian markets on Friday after reaching record highs on the previous day. The BSE Sensex was down 53.53 points or 0.09% at 62219.15, and the NSE Nifty 50 index fell 16.60 points or 0.09% to 18467.50. With the markets making new highs, here are 2 railway stocks [...]
Unemployment rate for persons aged 15 years and above in urban areas declined to 7.2 per cent during July-September 2022 from 9.8 per cent a year ago, the National Statistical Office (NSO) said on Thursday. Joblessness or unemployment rate is defined as the percentage of unemployed persons among the labour force. Joblessness was high in [...]
Equity benchmark BSE Sensex closed at an all-time high of 62,272.68 on Thursday, tracking a firm trend in global markets after the US Fed minutes indicated a slower pace of rate increase that bolstered investors' sentiment. Extending its rally to the third straight day, the 30-share BSE benchmark rallied 762.10 points or 1.24 per cent [...]
The Steel Manufacturers Association of Maharashtra (SMAM) on Thursday sought restoration of power subsidies first given by the Devendra Fadnavis government in 2019 to boost the ailing sector in some parts of the state. In 2019, the then BJP-led government had started supply of power at Rs 5 per unit for steel units in Marathwada, [...]
The shares of Karnataka Bank Ltd. (KBL) hit their fresh 52-week high of Rs 149.90 in the early hours of trading on 23 November. So far in the calendar year 2022, the stock has rallied 140% in the last six months, giving multi-bagger returns to its shareholders. The shares of the Mangaluru-based bank closed at [...]
