Online professional network LinkedIn on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022. Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the [...]
LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year. The state-owned life insurance behemoth in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 15,25,08,269 to 19,61,15,164 equity shares, increasing its shareholding from 7.03 [...]
Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official has said. It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR's chief executive Gautam Dutta told PTI [...]
The National Company Law Tribunal (NCLT), Delhi, issued a notice to SpiceJet on an insolvency plea on September 02, 2022. The airline company was directed to respond to it within two weeks, for not initiating insolvency proceedings against it. The case is likely to be heard next on September 30. SpiceJet’s shares closed at 37.90 [...]
The shares of Metro Brands Ltd reached an all-time high of ₹ 948.85 apiece on Tuesday’s intraday trades, on the back of a strong business outlook. The stock surpassed its previous high of ₹ 935, touched on September 23, 2022. This stock forms a part of ace investor Rakesh Jhunjhunwala’s portfolio. As per the latest [...]
Torrent Pharmaceuticals on Tuesday said it will acquire Curatio Healthcare for Rs 2,000 crore to strengthen its presence in the dermatology segment. The company has entered into definitive agreements to acquire 100 per cent of Curatio Healthcare for Rs 2,000 crore, Torrent Pharmaceuticals said in a regulatory filing. "The consideration includes Rs 115 crore (on [...]
Dubai-based Mark AB Capital LLC has picked up 26.48 per cent stake in city-based SEPC (formerly Shriram EPC Ltd) through an equity investment of Rs 350 crore, sources said on Tuesday. The move was part of the SEPC Ltd's restructuring exercise under the stressed asset provisions of the Reserve Bank of India. Mark AB Capital [...]
ICICI Securities is bullish on the shares of Bharat Heavy Electricals Limited (BHEL), a mid-cap Maharatna company. The company’s shares were trading at ₹ 55.15 apiece at 11:35 AM on Tuesday. In its research report dated September 22, 2022, the brokerage has maintained a buy call on the shares, with a target price of ₹ [...]
The markets have been volatile this year with negative cues emanating from the Russia-Ukraine war and the economic slowdown after Covid-19 lockdowns. Globally, central banks have been hiking interest rates in consecutive meetings and this has roiled the markets. The Nifty 50 is a benchmark index that represents the weighted average of 50 of the [...]
The markets remain volatile and in the red as the fear of recession has gripped the market. Amid the turmoil, investors turn to stocks that hold their ground. A defensive stock is a stock that provides consistent dividends and stable earnings regardless of the state of the overall stock market. Here are two defensive stocks [...]
