Nazara Technologies Limited, Titan Limited and Anant Raj Limited have surged by more than 5% on Tuesday’s early trades. Ace Investor Rakesh Jhunjhunwala holds a stake in these stocks. Titan Limited Tata Group stock, Titan Limited surged for the second day in a row after global brokerage Macquarie said that the stock of the luxury [...]
The shares of full-integrated pharmaceuticals player Aurbindo Pharma Ltd. were trading near their new 52-week low in the early hours of trading on Tuesday. As of 10:45 IST, the stock was being exchanged for ₹ 529.50 on the bourses, down more than 27.5% year to date. One-year performance has been dismal as well as the [...]
Ace investor Rakesh Jhunjhunwala-promoted Akasa Air's first aircraft Boeing 737 MAX arrived in New Delhi on Tuesday, bringing it closer to securing the mandatory Air Operator Permit to start operations. The airline had received the ceremonial keys for the aircraft in Seattle, the US, on June 15, Akasa Air said in a statement. This is [...]
Capital markets regulator Sebi on Monday imposed a penalty totalling Rs 30 lakh on Reliance Industries and two individuals for not making prompt clarification to the stock exchange pertaining to the Jio-Facebook deal, which was disclosed through the newspaper. The other two individuals penalised by Sebi are -- Savithri Parekh and K Sethuraman. The fine need [...]
Capital markets regulator Sebi's total income marginally grew to Rs 826 crore in 2020-21, mainly due to increase in earnings from investments and fees. Also, the total expenditure of the regulator rose to Rs 667.2 crore for the year ended March 31, 2021, from Rs 588.14 crore in the previous fiscal, according to the annual [...]
ICICI Prudential Life Insurance on Monday announced a record bonus of Rs 969 crore for policyholders in FY2022, 12 per cent higher than the preceding fiscal. This is the company's 16th consecutive annual bonus, and the highest ever to date, ICICI Prudential Life said in a release. All participating policies in force as of March [...]
Cosmetics giant, Revlon Inc, had filed for bankruptcy protection, weighed down by supply chain disruptions, rising inflation, and debt obligations. Its shares had plunged more than 82% since January, however, they soared 91.28% on June 17th, 2022 after Reliance Industries considered buying out the company. Mukesh Ambani-led Indian oil-to-retail conglomerate is now mulling bidding for [...]
The shares of two EV companies were beaten down to reach their respective 52-week lows. Amara Raja Batteries Limited slipped 2.58% to ₹449.50 apiece, its new 52-week low. Meanwhile, Graphite India Limited’s shares tanked 4.91% to reach their 52-week low of ₹ 360.30 apiece. Amara Raja Batteries Limited’s share price has been declining since the [...]
Inox Green Energy Services, a subsidiary of Inox Wind, has filed fresh preliminary papers with capital markets regulator Sebi to raise Rs 740 crore through an Initial Public Offering (IPO). The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter [...]
Indian equity benchmarks opened on a positive note and the Nifty reclaimed 15300 points on Monday’s early trades. However, losses in the metal and oil & gas sectors offset gains. The tide has turned for metal stocks. Metal stocks in general are melting sharply after a massive outperformance last year. Nifty Metal plunged 4.53% on [...]
