The shares of Crax maker- DFM Foods surged 65.87% in the past month and the shares are currently trading at ₹ 363.85 apiece. This happened after the company announced the proposal to delist its equity shares from the bourses. The company’s share price increased from ₹218.55 to the current levels. If an investor would have [...]
The flagship entity of the Adani Group - Adani Enterprises replaced Shree Cement in Nifty 50, the National Stock Exchange’s (NSE) benchmark index. These changes are based on factors including the free float market capitalization of the companies. This inclusion could lead to a net inflow of around $213 million on Adani Enterprises’ counter, however, [...]
Companies have started to come up with their Initial Public Offering (IPO) after a halt of approximately three months. In the past four weeks, two mainboard IPOs have hit the market. The third and upcoming IPO is floated by Tamilnad Mercantile Bank Limited. It is looking to raise Rs. 831.60 Crores from the markets. The [...]
Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday. "Today, Indian Oil fetched a competitive price of a 5-year unsecured NCD issue at an annual fixed coupon of 7.14 [...]
The shares of NTPC Limited climbed 3.55 per cent on Friday’s early trades to reach a fresh 52-week high of ₹ 166.40 apiece. The company’s shares were among the top gainers on Sensex amid reports that ArcelorMittal, Brookfield and Canada Pension Plan Investment Board were some of the entities that expressed interest to purchase a [...]
The Indian automakers see robust growth in their sales as the festive season has arrived in India. The shortage of semiconductors which crippled the industry for the last two years is finally easing. With things turning positive for the industry, here are two auto stocks that are at a 52-week high after reporting a strong [...]
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Starbucks [...]
The IMF on Thursday announced that it will provide Sri Lanka a loan of about USD 2.9 billion over four years under a preliminary agreement to help the bankrupt island nation tide over its worst economic crisis and protect the livelihoods of the people. Sri Lanka is going through its worst economic crisis since its [...]
Electric mobility firm Olectra Greentech on Thursday said its board has approved a plan to raise up to Rs 800 crore through issuance of securities. The company is looking to raise the amount through issuance of equity shares and /or through sale of securities convertible into equity shares. These could include issuance of warrants through [...]
The shares of Dangee Dums Limited opened at Rs 409 and scaled by approximately 12 per cent to reach its new 52-week high of Rs 460 on Thursday. In a month the stock has jumped by more than 15 per cent. So far this year, the stock has gained more than 117 per cent YTD. [...]
