The headline gauges were on shaky grounds on Monday. The BSE Sensex lost 0.99% or 591.85 points during early trades and was at 59,054.30. At the same time, the Nifty 50 lost 117.20 points or 1.00% and was quoting at 17581.25 points. On Friday’s closing bell, benchmark indices managed to hold on to the green. [...]
The shares of Tata Motors Limited were trading 2.3 per cent up at Rs 469 levels in the early trading hours on Friday. In a month the stock has zoomed by more than 6.5 per cent. However, so far this year the stock has been volatile and shed more than 5 per cent YTD. In [...]
The shares held by a promoter refer to promoter holdings or promoter stake. The stake that promoters hold in a company plays a very important role in the success and growth of a company. Promoters are usually at the top level of management of the company. Therefore when their stake is high or is increasing, [...]
The Supreme Court on Friday raised the ceiling limit of iron ore mining for Ballari, Chitradurga, and Tumakuru districts in Karnataka, saying conservation of the ecology and environment must go hand in hand with the spirit of economic development. The apex court raised the ceiling limit of iron ore mining from 28 MMT to 35 [...]
Inflation trajectory continues to be "heavily contingent" upon the evolving geopolitical developments, international commodity prices and global financial sector developments, Reserve Bank Deputy Governor Michael Debabrata Patra has said. The RBI on its part has front-loaded monetary policy response, with a cumulative 140 basis points increase in the benchmark rate so far with an aim [...]
Syrma SGS Technology shares ended with over 42 per cent premium in the debut trade on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. During the day, it zoomed 42.90 per cent to Rs [...]
The shares of NCC ltd, a late Rakesh Jhunjhunwala stock, increased by 0.8 per cent on Friday to close at Rs 69. In a month, the stock has gained more than 22 per cent. However, in the first eight months of 2022, the stock has been very volatile and shed approximately 3.5 per cent. In [...]
State-owned Punjab National Bank (PNB) has put up for sale its NPA account Apollo Distilleries & Breweries with loan outstanding of nearly Rs 44 crore due against the company. Inviting asset reconstruction companies (ARCs) to put their bids for transferring the loan account of Apollo Distilleries & Breweries, the city-based lender said it will expedite [...]
Venture capital firm Sequoia Capital has reduced its holding in Zomato Ltd to 4.4 per cent after selling shares in open market, according to a regulatory filing by the online food delivery platform. Sequoia Capital had held a 6.41 per cent stake in Zomato before the sale. In a regulatory intimation by Sequoia Capital filed [...]
The shares of Nelco Limited opened 9 per cent higher at Rs 845 on the last trading day of the week as against the previous close of Rs 778. In the early trading session, the stock was locked in an upper circuit of 10 per cent at Rs 856. The rally started after the Satellite [...]
