The shares of Premier Explosives Limited have shed approximately 3 per cent till 12 pm on Thursday and were trading at Rs 485 levels. In a month the stock has gained approximately 22 per cent. Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) [...]
Two entities on Wednesday offloaded dairy company Dodla Dairy Ltd's shares for Rs 106 crore through open market transactions. According to block deal data available with the National Stock Exchange (NSE), TPG Dodla Dairy Holdings Pte sold 18,31,434 shares while Sunil Reddy Dodla -- one of the promoters of Dodla Dairy -- disposed of 1,95,000 [...]
Sugar firm Triveni Engineering & Industries Ltd on Wednesday said the company has sold its entire 21.85 per cent stake in Triveni Turbines for about Rs 1,600 crore. The shares have been sold to Rati Sawhney, one of the promoter of Triveni Turbine, and a few institutional investors, including sovereign wealth funds of Singapore and [...]
The CBI arrested the founder-chairman of ABG Shipyard Limited, Rishi Kamlesh Agarwal, on Wednesday in connection with an alleged bank fraud of more than Rs 22,842 crore, officials said. The Central Bureau of Investigation (CBI) had booked Agarwal, a former chairman of the company, and others for the alleged offences of criminal conspiracy, cheating, criminal [...]
The government on Friday slashed windfall gains tax, following a decline in international crude oil prices. This is the fifth revision of the windfall tax since its implementation on July 01. According to the Central Board of Indirect Taxes and Customs (CBIC) notification, it has cut the tax on domestically produced crude oil to ₹ [...]
The share price of the small-cap IT company Saksoft Limited dropped by approximately 3 per cent and closed at Rs 1,150 on Wednesday. In the last five days, the stock has zoomed by 7 per cent. Saksoft Ltd is a leading Digital Transformation Solution Partner for clients across various countries. It works with mid-tier businesses [...]
Equity indices ended lower on Wednesday amid mixed global market trends ahead of the keenly awaited US Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44 per cent to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. The NSE Nifty went lower by [...]
The Cabinet on Wednesday approved a Rs 19,500-crore production linked incentive (PLI) scheme on 'national programme on high efficiency solar PV modules' with an aim to attract Rs 94,000 crore investment in the sector. One of the the benefits expected from the PLI scheme is that about 65,000 MW per annum manufacturing capacity of fully [...]
Banking stocks in India have outperformed the benchmark indices in the past month, on the back of a buoyant growth outlook. They have been driving the gains of the broader market and have been second, only to FMCG stocks in terms of gains. For perspective, Nifty Bank gave 7.27 per cent returns in the past [...]
KEC International, a global infrastructure engineering, procurement and construction major, on Wednesday said it has bagged new orders totaling over Rs 1,100 crore in various business segments. The company said its transmission & distribution (T&D) business has secured orders for building a 400 kV digital GIS substation order from Power Grid Corporation of India Limited [...]
