Adani enterprise has made a move to acquire a controlling stake in the oldest news network NDTV Ltd in a hostel takeover. The announcement came on the same day when CreditSights, a Fitch Group unit, said that the Adani group is ‘Deeply Overleveraged’ and might spiral into a ‘massive debt trap’. The hostile takeover involves [...]
Blue chip companies are those companies that are well-established, stable and recognized. Investors consider investments in these companies to be stable and reliable. These companies usually sell high-quality, widely accepted products and services and are known to operate profitably in the face of adverse economic conditions. Here are three blue chip companies in which brokerages [...]
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts. The department has charged Ambani, 63, with "wilful" evasion, saying he "intentionally" did not [...]
The jewellery sector is shining bright as the sales have picked up after the pandemic and as the festive season is nearing. Analysts believe that a re-rating is on the cards as gold prices soften. Kalyan Jewellers India Ltd posted strong earnings for the March to June quarter. The company saw robust momentum in both [...]
FMCG products maker Procter & Gamble Hygiene and Health Care Ltd on Tuesday reported a 13.12 per cent decline in Profit After Tax (PAT) at Rs 42.55 crore during the fourth quarter ended June 30, on account of rising commodity costs. The company, which follows July-June financial year, had reported a PAT of Rs 48.98 [...]
Domestic pharma industry is expected to report moderate revenue growth of 7-9 per cent in the current fiscal, due to headwinds in export sales in the regulated markets and high-base effect in the domestic formulations business, as per rating agency CRISIL. Operating profitability will shrink another 200-250 basis points (bps) after the 130 bps decline [...]
SpiceJet is looking for investments from external parties, including airlines, and also plans to add seven more Boeing planes to its fleet, the carrier's chief Ajay Singh said on Tuesday. In recent times, SpiceJet has faced turbulence -- especially with many of its flights suffering technical snags -- and subsequently, the airline has faced actions [...]
The National Stock Exchange (NSE) on Tuesday warned investors not to fall prey to investment plans with guaranteed returns offered by entities Real Trader and Groww Stock. The exchange pointed out that these entities are not registered either as a member or authorised person of any registered member of the NSE. The cautionary statement comes [...]
The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel [...]
A year ago the shares of Alfavision Overseas India were trading at Rs 38 a piece on BSE From there it has spiked up to the current levels of Rs 278 thereby delivering a multibagger return of 619 per cent. In the last five days, the stock has added more than 13 per cent and [...]
