The shares of Mahindra and Mahindra (M&M) Financial Services Limited suffered deep cuts on Friday’s intraday trade after the Reserve Bank of India directed the company to immediately cease any recovery or repossession activities via an outsource till further orders. The shares reached a low of ₹ 192.05 apiece on Friday, after closing at 223.70 [...]
Reliance Industries Ltd on Friday said it has acquired a 20 per cent stake in California-based solar tech firm Caelux for USD 12 million as it strengthens its new energy manufacturing capabilities. Reliance New Energy Ltd, a wholly-owned subsidiary of the firm, signed definitive agreements to invest in Caelux Corporation, a Pasadena, California-headquartered company engaged [...]
The Union Cabinet on Wednesday approved changes in the production-linked incentive (PLI) scheme. In addition, it approved the second tranche of solar PV modules. Shares of Pallonji Group company, Sterling and Wilson Renewable Energy Ltd gained 9.99% on Friday’s morning trades. The shares reached an intraday high of ₹ 362.05 apiece after closing at ₹ [...]
Mid-cap companies are known to be in their growth phase and thus have the potential to deliver exceptional returns to the investor. The risk in these types of stocks is lower and the liquidity is higher compared to small-cap stocks. Here are two mid-cap stocks that are recommended by analysts for an upside of up [...]
Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom Ltd, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 [...]
Tata Steel will merge with itself six of its subsidiary companies, a statement said on Friday. A proposal in this regard was approved by the Board of the company on Thursday, it said. "The Board of Directors of Tata Steel considered and approved schemes for the proposed amalgamation of six subsidiaries into and with Tata [...]
Equity benchmarks retreated for the second session on the trot on Thursday, in lockstep with a bearish trend overseas after the US Federal Reserve increased interest rates by 75 basis points and projected more rate hikes to quell scorching inflation. The rupee plunging 90 paise to an all-time closing low of 80.96 against the US [...]
The share price of Adani Group companies has spiralled in the past year and this has played a major role in making Gautam Adani the second richest person in the world. The completion of the acquisition of Ambuja Cement and ACC helped the conglomerate overtake the Tata Group in terms of market capitalization. No-poaching pact [...]
The shares of the tobacco giant ITC Limited opened at Rs 341 and gained approximately 2.2 per cent in the early hours on Thursday to reach a new 52-week high of Rs 348.75. In a month, the stock has rallied by 10 per cent. When compared to the Nifty 50's performance of 1.4 per cent [...]
The shares of Aptus Value Housing Finance zoomed 8% to the day’s high price of ₹ 321.15 per share after foreign brokerage Citi initiated coverage on the stock. Its shares were trading at ₹ 314.30 apiece at 11:48 AM on Thursday. Citi has given a ‘buy’ call on the shares with a target price of [...]
