The shares of Amara Raja Batteries Limited have declined marginally and were trading at Rs 485 levels in the early hours on Thursday. In the past five days, the share has shed approximately 5 percent. The company recently announced its plan for backward integration. It has brought forward a scheme of arrangement that will involve [...]
Ambuja Cements, now controlled by billionaire Gautam Adani-led Adani Group, on Wednesday said it has pledged 50.5 per cent shareholding in its subsidiary ACC Ltd as "collateral for loans taken by the company". The company pledged its total 9.39 crore shares of ACC Ltd on September 26, 2022, said a regulatory filing by Ambuja Cements. [...]
The shares of Axis bank limited were trading lower by 1.3 per cent at Rs 727 levels till the afternoon on Wednesday. In the last five days, the stock has shed approximately 10 per cent. Despite the slow performance of the stock, the country’s third largest bank is focused on expanding its business. Recently the [...]
Ahead of Diwali festival, the Union Cabinet on Wednesday increased the dearness allowance (DA) and dearness relief by 4 per cent effective July 1, 2022, benefiting 41.85 lakh central government employees and 69.76 lakh pensioners. The additional instalment of DA and dearness relief (DR) is an increase of 4 per cent over the existing rate [...]
Suzlon Energy on Wednesday announced opening of its Rs 1,200 crore rights issue on October 11, 2022. "Suzlon Energy Ltd announces the opening of its Rs 1,200 crore rights issue on October 11, 2022," a company statement said. According to the statement, the company will issue up to 2,40 crore partly paid-up equity shares for [...]
Benchmark indices ended nearly 1 per cent lower on Wednesday, tracking a weak trend in global markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 509.24 points or 0.89 per cent to settle at 56,598.28. During the day, it tanked 621.85 points or 1.08 per cent to 56,485.67. Similarly, the broader NSE Nifty [...]
The Nifty IT index advanced in a weak market on Wednesday and was up 1.09 per cent at 27162.00 points. Meanwhile, the Nifty 50 was down 0.079 per cent. Most IT shares were trading in the green. MPhasis (up 1.83 per cent), L&T Technology Services (up1.61 per cent), Tata Consultancy Services (up 0.77 per cent), [...]
The shares of Indian Hotels Company Limited were trading marginally lower at Rs 326 levels till 12 pm on Wednesday. In the past month, the stock has zoomed by approximately 16 per cent. In the past six months, the stock has delivered a 40 per cent return and so far this year in 2022, it [...]
The shares of ITI Limited, a public sector undertaking zoomed more than 9% on the National Stock Exchange (NSE). At 11:57 AM it was trading at ₹ 111.70 apiece. ITI Limited is a Government of India undertaking that is engaged in manufacturing, trading and servicing telecommunication equipment and rendering other associated and ancillary services. It [...]
Consumer durables retail chain Electronics Mart India Ltd on Wednesday said it has fixed a price band of Rs 56-59 a share for its Rs 500 crore initial public offering (IPO). The initial share-sale will open for public subscription on October 4 and close on October 7, the company said in a statement. The IPO [...]
