Former RBI Governor C Rangarajan advocated maintaining the ongoing hawkish stance by the Reserve Bank of India to tame inflation and expected that the rupee will strengthen with resumption of capital inflow. He also said the country has to clock an 8-9 per cent year-on-year growth for the next five years to achieve the target [...]
Inox Green Energy Services, a subsidiary of Inox Wind, is planning to come out with its Initial Public Offering (IPO) by October this year to raise Rs 740 crore to fund its expansion plans. The company will focus on the Indian market initially and plans to tap the overseas market after establishing itself in this [...]
Benchmark indices reversed last week's gains as the markets saw a heavy sell-off on the last trading day of the week. The BSE Sensex declined 1,093.22 points or 1.82 per cent to end at 58,840.79. The broader Nifty50 ended 346.60 points lower at 17,530.80. Amid a volatile market, here are some stocks recommended by the [...]
Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are evaluating various [...]
Indian Benchmark Indices opened higher amid positive moves across global markets. The BSE Sensex revisited the 60,000 mark, while the Nifty was nearing the 18,000 mark. Advances in IT, Oil & Gas, and FMCG shares pushed the headline gauges higher. On Friday’s closing bell, the BSE Sensex closed 1093.22 points or 1.82% lower at 58,840.79 [...]
Sometimes companies experience poor performance and then they make strategic changes to their business and experience a turnaround. Most of the time this performance is finance related and companies manage to make profits after suffering losses for some time. Here are a few companies with a market capitalization greater than ₹ 5,000 crores that have [...]
The government on Friday cut the windfall profit tax on locally-produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF) with effect from September 17. At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to Rs 10,500 per [...]
The shares of Sampre Nutritions Limited opened at Rs 109 and rose to Rs 112 to be locked in an upper circuit of 5 per cent on the last trading day of the week. In the past five days, the stock has risen by approximately 17 per cent. The shares rallied on Friday after Mauritius-based [...]
Indian tire companies saw no friction this week as tire stocks zoomed to their 52-week high on Friday. The buzz around tire stocks is around the recent relief from a reduction in raw material costs. Across the industry, the cost of raw materials for tire makers has come down, most of them being critical components [...]
Indian airlines carried 1.01 crore passengers in August, reflecting a more than 4 per cent growth in domestic air traffic compared to the previous month. The carriers flew 97.05 lakh passengers in July. "Passengers carried by domestic airlines during January-August 2022 were 770.70 lakh as against 460.45 lakh during the corresponding period of previous year [...]
