Pastel Ltd, an entity of Singtel, on Thursday divested 1.59 per cent stake in Bharti Airtel for Rs 7,261 crore through an open market transaction. The stake has been picked by Bharti Airtel's promoter Bharti Telecom Ltd, as per block deal data with the National Stock Exchange (NSE). According to the data, Pastel offloaded 9,40,00,000 [...]
Equity benchmarks retreated for the second session on the trot on Thursday, in lockstep with a bearish trend overseas after the US Federal Reserve increased interest rates by 75 basis points and projected more rate hikes to quell scorching inflation. The rupee plunging 90 paise to an all-time closing low of 80.96 against the US [...]
The shares of Aptus Value Housing Finance zoomed 8% to the day’s high price of ₹ 321.15 per share after foreign brokerage Citi initiated coverage on the stock. Its shares were trading at ₹ 314.30 apiece at 11:48 AM on Thursday. Citi has given a ‘buy’ call on the shares with a target price of [...]
The shares of Premier Explosives Limited have shed approximately 3 per cent till 12 pm on Thursday and were trading at Rs 485 levels. In a month the stock has gained approximately 22 per cent. Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) [...]
Two entities on Wednesday offloaded dairy company Dodla Dairy Ltd's shares for Rs 106 crore through open market transactions. According to block deal data available with the National Stock Exchange (NSE), TPG Dodla Dairy Holdings Pte sold 18,31,434 shares while Sunil Reddy Dodla -- one of the promoters of Dodla Dairy -- disposed of 1,95,000 [...]
The CBI arrested the founder-chairman of ABG Shipyard Limited, Rishi Kamlesh Agarwal, on Wednesday in connection with an alleged bank fraud of more than Rs 22,842 crore, officials said. The Central Bureau of Investigation (CBI) had booked Agarwal, a former chairman of the company, and others for the alleged offences of criminal conspiracy, cheating, criminal [...]
The government on Friday slashed windfall gains tax, following a decline in international crude oil prices. This is the fifth revision of the windfall tax since its implementation on July 01. According to the Central Board of Indirect Taxes and Customs (CBIC) notification, it has cut the tax on domestically produced crude oil to ₹ [...]
The share price of the small-cap IT company Saksoft Limited dropped by approximately 3 per cent and closed at Rs 1,150 on Wednesday. In the last five days, the stock has zoomed by 7 per cent. Saksoft Ltd is a leading Digital Transformation Solution Partner for clients across various countries. It works with mid-tier businesses [...]
Equity indices ended lower on Wednesday amid mixed global market trends ahead of the keenly awaited US Fed interest rate decision. The 30-share BSE Sensex fell 262.96 points or 0.44 per cent to settle at 59,456.78. During the day, it tanked 444.34 points or 0.74 per cent to 59,275.40. The NSE Nifty went lower by [...]
In the early hours of trading on Wednesday, Swaraj Engines Limited's shares, which had begun at Rs 1,820, soared by 7% to hit a new 52-week high of Rs 1,962. In a month the stock has surged by approximately 19 per cent. In June 2017, the stock reached an all-time high of Rs 2,545. It [...]
