Retirement fund body EPFO is likely to approve this month a proposal to enhance its investments in equites to up to 20 per cent of the investible deposits from the current limit of 15 per cent. The proposal is expected to be considered and approved during the EPFO trustees' meeting scheduled to be held on [...]
Sashidhar Jagdishan, CEO and MD, HDFC Bank, said that they are considering initial public offering (IPO) plans for HDFC Securities and HDB Financial Services. However, the plans depend on the merger process of HDFC Bank with HDFC Limited. HDFC Bank and HDFC Limited announced a USD 40 billion merger in April, this year. This was [...]
Realty firm Prestige Estates on Monday reported over four-fold jump in its sales bookings at Rs 3,012 crore during the first quarter of this fiscal year on better demand and lower base effect. The sales bookings stood at Rs 733.9 crore in the year-ago period, which was badly hit by the second wave of the [...]
Luxury carmaker Porsche India on Monday reported an over two-fold jump in sales at 378 units in the first half of 2022. The company had posted sales of 173 units in January-June period last year. The arrival of Porsche's all-electric Taycan and a strong desire for SUVs carried the momentum through the first half of [...]
Yes Bank will invest up to Rs 350 crore for a potential 20 per cent stake in asset reconstruction company JC Flowers, which has emerged as the base bidder for the lender's bad loans worth Rs 48,000 crore. The private sector lender is planning to raise up to USD 1 billion in FY23 to bolster [...]
Edible oil firm Adani Wilmar, which sells its products under Fortune brand, on Monday announced reduction in cooking oil prices by up to Rs 30 per litre amid fall in global prices. The maximum reduction has been done in soyabean oil. The stocks with new prices will reach market soon. On February 7, Mother Dairy, [...]
The shares of Quick Heal Technologies Ltd surged more than 18% till 12.30 pm and were trading at Rs 197 levels. The shares opened at Rs 189.55 as against their previous close of Rs 166. In the last month, the stock has added more than 36% as compared to the which has gained only 2.86%. [...]
Single packages of unbranded pre-packed and labelled food items like cereals, pulses and flour weighing in excess of 25 kg are exempt from 5 per cent GST levy. The Central Board of Indirect Taxes and Customs on Sunday late night issued FAQs clarifying various doubts and said only pre-packed items up to 25 kg will [...]
Benchmark indices opened on a positive note today. The Sensex was up 446.07 points or 0.83% at 54206.85, and the Nifty was up 139.70 points or 0.87% at 16188.90. The broader markets also opened in green. Amid the rising markets, here are some of the stocks recommended by brokers for an upside of up to [...]
Benchmark indices ended flat with a negative bias on Monday. The BSE Sensex fell 87 points or 0.16% and settled at 54,395 and the NSE Nifty 50 settled at 16,216 points, down 4 points. However, they settled in the green on Friday. The BSE Sensex ended 345 points higher and the Nifty 50 reclaimed the [...]
