The shares of Star Health and Allied Insurance Company have declined 26.32% in the last 7 sessions and made their new record low of ₹516.10 on Monday. Currently, the stock is trading at the ₹517.25 and is down 2.88% as of IST 11:42. The share was listed in the market on 10th December 2021 at [...]
Chennai-based investor Dolly Khanna-backed Tinna Rubber and Infrastructure shares have given a stellar return to its shareholders. The stock has delivered multibagger returns of 362.65% in the past year as its share price surged from ₹66.80 to ₹309.05. If an investor would have invested ₹1,00,000 in the shares of the company the value of their [...]
New Proptech startup PropShare has raised USD 47 million (around Rs 367 crore) from investors including WestBridge Capital to ramp up hiring, strengthen technology and offer more asset classes for investments on its platform. Bengaluru-based PropShare, which was founded in 2016, is a technology-driven real estate investment platform that enables investors to purchase commercial real [...]
In early trade on Monday, the benchmark NIFTY50 index was at 15,888 and was up 1.20% or 189 points. Sensex climbed 583 points or 1.11% to touch 53,311 points led by gains in IT stocks. Here are a few stocks to buy before the bull run starts: Stove Kraft Limited JM Financial has a ‘buy’ [...]
V Krishnamurthy, a former chairman of steel PSU SAIL and Maruti Udyog Ltd (now Maruti Suzuki), passed away on Sunday at the age of 97 in Chennai. Krishnamurthy passed away at his home in Chennai, one of his former colleagues informed, according to a SAIL statement. His last rites will be performed on Monday. V [...]
The BSE Sensex and the NSE Nifty ended in the green after a volatile session on Monday. There was a rebound in financial shares and IT shares even though investors remained cautious amid concerns about steep hikes in interest rates and their impact on economic growth. Broader markets, i.e., mid-cap and small-cap indices ended lower, [...]
State-owned Hindustan Copper Ltd's board will meet next week to consider a proposal to raise up to Rs 500 crore by issuing debentures. "A meeting of the board of directors of Hindustan Copper Ltd (HCL) will be held on 30th June 2022 to inter alia, consider and recommend resolutions seeking approval of the shareholders of [...]
IT services firm Infosys gave capital return of over Rs 24,100 crore (about USD 3.1 billion) in 2021-22 with a total dividend of Rs 31 per share along with share buyback of over Rs 11,000 crore, company's co-founder and chairman Nandan Nilekani said on Saturday. While speaking at the 41st Annual General Meeting (AGM) of [...]
Commerce and Industry Minister Piyush Goyal on Saturday said the government is considering to roll out the production-linked incentive (PLI) scheme for the apparel sector to boost domestic manufacturing and exports. He said that discussions on the same are underway between the textiles ministry, the department for promotion of industry and internal trade (DPIIT) and [...]
The Kerala State Electricity Regulatory Commission on Saturday announced 6.6 per cent hike in power tariffs in the state. Revising the power tariff after three years, the Commission, however, said there would be no increase in tariff for the weaker sections, agricultural consumers, small scale industries and small farmers. State Electricity Minister K Krishnankutty said [...]
