The shares of SpiceJet Limited lurched lower on Wednesday, declining 7% to hit their 52-week low of ₹35 apiece on the Bombay Stock Exchange (BSE). This happened due to multiple instances of its planes suffering technical glitches in the past few weeks. The shares closed at ₹ 37.65 on Tuesday and opened at ₹37.10 apiece [...]
Mortgage lender HDFC Ltd on Tuesday said it has partnered with software firm Salesforce to support the company's growth priorities. HDFC wanted to build the next generation of integration backbone, to easily connect backend and frontend systems including Salesforce, the mortgage firm said in a statement. Mulesoft with its innovative API-led integration approach and low [...]
Nithin Kamath, Founder, and CEO of the country's top online brokerage firm Zerodha took to Twitter to share his views on real estate as an investment for the younger generation. As per his tweet, investors who have had exposure to real estate for more than a decade have earned a decent return on investment. The [...]
The Enforcement Directorate (ED) on Tuesday conducted searches at 44 places across the country in a money laundering investigation against Chinese smartphone manufacturing company Vivo and related firms, officials said. The searches are being carried out under sections of the Prevention of Money Laundering Act (PMLA) at locations in several states including in Delhi, Uttar [...]
Reliance Power (RPower) shareholders have turned down a special resolution to monetise its assets during the annual general meeting held on July 2. All special resolutions are required to be approved by 75 per cent or more votes of shareholders. A BSE filing by the company showed that 72.02 per cent of votes were cast [...]
Edelweiss Broking on Tuesday said it will raise up to Rs 300 crore through the public issuance of non-convertible debentures to support working capital requirements. The issue will open on July 5 and close on July 26 with an option of early closure, the company said in a statement. The public issue of secured redeemable [...]
Britannia Industries' shareholders have voted against a resolution to authorise the board to make investments, give loans and provide guarantees of up to Rs 5,000 crore in the AGM concluded last week. The special resolution for approval to increase limits for making investments, loans, Special guarantees and security was "not Passed with requisite majority," said [...]
Gold loan-focussed Non-Banking Financial Company (NBFC) Muthoot Finance on Monday said it has received an approval from Reserve Bank of India (RBI) to open additional 150 branches across the country. The non-bank lender plans to open these branches across southern and northern parts of the country, a release said. "As the economy gradually recovers, the [...]
Multibaggger EKI Energy Sevices ltd hit an upper circuit of 20% on Monday. This was after the stock went ex-bonus. In the early trading session of Tuesday, the stock price has so far risen by 18.40% and is currently trading at Rs 2,660 levels. In the last two trading sessions, the stock is up by [...]
India's merchandise exports in June rose by 16.78 per cent year-on-year to USD 37.94 billion while the trade deficit ballooned to a record USD 25.63 billion on account of a steep increase in gold and crude oil imports, according to the government's preliminary data released on Monday. The export growth in June moderated from 20.55 [...]
