Market barometers dropped and extended losses after a gap down opening on Monday. The BSE Sensex was trading at around 57,400 points while the Nifty was at around 17,100 points. Healthcare stocks gained but financial, metal, oil & gas and auto shares, dragged the indices to the red. On Wednesday, the Rupee stooped to an [...]
Reliance Jio, the nation's biggest telecom firm, will expand 5G telephony services offering ultra high-speed internet connectivity to every part of the country by December 2023, its chairman Mukesh Ambani said on Saturday. Jio had in September 2016 made an entry into the telecom sector, offering free voice calls and dirt-cheap data, forcing the competition [...]
A company generally decides to split its shares mainly because of two reasons. The first is to improve the trading liquidity in the market and the second reason is to make the stock seem more affordable to investors. The number of shares outstanding increases and the price per share decreases, keeping the total market capitalization [...]
Dolly Khanna, a Chennai-based investor, is known for picking lesser-known stocks that tend to outperform in the stock market. Her husband Rajiv Khanna manages her portfolio. As per the latest shareholding pattern, Dolly Khanna publicly holds 26 stocks with a net worth of over ₹ 513 crores. The markets have been volatile this year. Analysts [...]
Life Insurance Corporation on Thursday announced buying additional stake in speciality chemicals maker Deepak Nitrite to take its overall shareholding in the company to over 5 per cent. The Corporation's shareholding in Deepak Nitrite has increased from 67,88,327 to 68,58,414 equity shares, increasing its stake from 4.977 per cent to 5.028 per cent of the [...]
Benchmark indices failed to hold on to early gains and ended lower for the seventh straight session on Thursday, with the BSE Sensex declining over 188 points amid mixed global market trends. Even after rallying in early trade, the 30-share BSE benchmark fell 188.32 points or 0.33 per cent to settle at 56,409.96. During the [...]
Cement stocks have been on the roll for quite some time now. Many regions in India saw a surge in the cement price in early September which will have a positive impact on the margins of these companies. As the country is ready to transition from the monsoon season to the winters, Analysts remain optimistic [...]
The government has deferred the implementation of the proposal to make six airbags mandatory in passenger cars by one year to October 1, 2023, Road Transport and Highways Minister Nitin Gadkari said on Thursday. The government had earlier planned to make six airbags mandatory in eight-seater vehicles for enhanced safety of occupants from October 1, [...]
India’s third largest telecom service provider, Vodafone Idea (Vi) may lose access to towers from November if it fails to repay dues to Indus Towers. In a big jolt to Vodafone Idea, the latter has issued a stern warning. Over 25 crore users could be affected if Vi fails to pay the dues. Indus Towers [...]
The shares of Amara Raja Batteries Limited have declined marginally and were trading at Rs 485 levels in the early hours on Thursday. In the past five days, the share has shed approximately 5 percent. The company recently announced its plan for backward integration. It has brought forward a scheme of arrangement that will involve [...]
