Equity benchmarks staged a comeback during the fag-end of trade on Wednesday, with the Sensex climbing over 214 points amid continuous foreign fund inflows and a largely positive trend in global markets. Buying in IT counters and Reliance Industries added to the momentum. In a volatile session, the 30-share BSE benchmark ended 214.17 points or [...]
Investment platform ICICIdirect on Wednesday said it has acquired Multipie, a web and app-based networking platform for the investor community, that allows its users to exchange ideas and share views on stocks and other securities. The transaction involves acquisition of Multipie App, technology, brand, domain name, user base and other related matters, ICICIdirect said in [...]
FMCG major Godrej Consumer Products Ltd (GCPL) on Wednesday reported a 16.56 per cent decline in its consolidated net profit at Rs 345.12 crore for the first quarter ended June 30, 2022, on account of commodity inflation and upfront marketing investments. It had posted a net profit of Rs 413.66 crore in the April-June quarter [...]
Jio Platforms, the technological arm of Reliance Industries Limited (RIL) has announced a partnership with Subex Limited for its AI Orchestration Platform, HyperSense. The shares of its new partner, Subex Limited surged 20% to ₹ 33.30 apiece and got locked at an upper circuit on Wednesday. The company’s HyperSense AI will augment Jio’s 5G product [...]
Quick service restaurant (QSR) operator Devyani International Ltd on Wednesday reported a net profit of Rs 74.76 crore for the first quarter ended June 30, 2022. The company, which is the largest franchisee of Yum Brands in India, having Pizza Hut and KFC, and Costa Coffee, had reported a net loss of Rs 33.41 crore [...]
The shares of Adani Transmission Ltd opened at Rs 3,425 on Wednesday and zoomed by 2% to reach its 52-week high of Rs 3,528. Till 12 pm on Wednesday and were trading at Rs 3,471 levels. In august 2021, the shares of Adani Transmission Ltd were trading at Rs 911 a piece. In a year [...]
The government has halved the windfall tax on the export of diesel and scrapped the levy on jet fuel (ATF) shipments but raised the tax on domestically produced crude oil. The tax on the export of diesel was cut to Rs 5 per litre from Rs 11, according to an official notification issued on Tuesday [...]
After rising 5% on Tuesday on account of clearing its dues with the Airports Authority of India (AAI), the shares of Spice Jet soared 17.92% higher on Wednesday’s early trades. They reached an intraday high of ₹ 52.30 a piece on the bourses. This happened after the Airport Authority of India said that it will release SpiceJet's [...]
The shares of S & T Corporation Limited are down by 3.6% and are trading at Rs 285 on Wednesday's session. On May 2nd this year the share was trading at Rs 36 a piece. From there it has spiked up to the current level thereby logging a multibagger return of 685% in just three [...]
Adani Green Energy Limited (AGEL) on Tuesday posted a fall of over 2 per cent in consolidated net profit at Rs 214 crore in the April-June quarter of FY23, due to higher expenses. The consolidated net profit of the company in the year-ago period was at Rs 219 crore, according to a regulatory filing. The [...]
