The shares of Axis bank limited were trading lower by 1.3 per cent at Rs 727 levels till the afternoon on Wednesday. In the last five days, the stock has shed approximately 10 per cent. Despite the slow performance of the stock, the country’s third largest bank is focused on expanding its business. Recently the [...]
Benchmark indices ended nearly 1 per cent lower on Wednesday, tracking a weak trend in global markets and continuous foreign fund outflows. The 30-share BSE Sensex fell 509.24 points or 0.89 per cent to settle at 56,598.28. During the day, it tanked 621.85 points or 1.08 per cent to 56,485.67. Similarly, the broader NSE Nifty [...]
The shares of Indian Hotels Company Limited were trading marginally lower at Rs 326 levels till 12 pm on Wednesday. In the past month, the stock has zoomed by approximately 16 per cent. In the past six months, the stock has delivered a 40 per cent return and so far this year in 2022, it [...]
Online professional network LinkedIn on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022. Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the [...]
LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year. The state-owned life insurance behemoth in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 15,25,08,269 to 19,61,15,164 equity shares, increasing its shareholding from 7.03 [...]
The National Company Law Tribunal (NCLT), Delhi, issued a notice to SpiceJet on an insolvency plea on September 02, 2022. The airline company was directed to respond to it within two weeks, for not initiating insolvency proceedings against it. The case is likely to be heard next on September 30. SpiceJet’s shares closed at 37.90 [...]
The markets remain volatile and in the red as the fear of recession has gripped the market. Amid the turmoil, investors turn to stocks that hold their ground. A defensive stock is a stock that provides consistent dividends and stable earnings regardless of the state of the overall stock market. Here are two defensive stocks [...]
Bonus shares are additional shares that are issued by the company to the existing shareholders without any additional cost. These shares are generally issued in a ratio determined by the board of directors. The record date is a cut-off date that determines the eligibility viz an investor should own the share on the record date. [...]
Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at [...]
Despite a high double-digit demand growth, the profitability of cement companies is set to fall by 15 per cent because price hikes lag increase in production cost, according to a report. The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector. Operating profitability of cement makers [...]
