Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Starbucks [...]
The shares of Dangee Dums Limited opened at Rs 409 and scaled by approximately 12 per cent to reach its new 52-week high of Rs 460 on Thursday. In a month the stock has jumped by more than 15 per cent. So far this year, the stock has gained more than 117 per cent YTD. [...]
The shares of Ashok Leyland Limited opened at Rs 155 and zoomed by 3.6 per cent to reach its new 52-week high of Rs 161.60 in the early trading hours of Thursday. The stock has added more than 6 per cent in the past five days. So far this year the stock has added more [...]
Benchmark indices Sensex and Nifty took a beating on Thursday and dropped over 1 per cent each, weighed by selling in index major Reliance Industries, IT and banking stocks amid weak global trends. The BSE Sensex fell 770.48 points or 1.29 per cent to settle at 58,766.59. During the day, it tanked 1,014.5 points or [...]
The shares of Aegis Logistics Limited are making new highs and continued to rally by 5 per cent to reach a new 52-week high of Rs 303.55 in the early hours on Thursday. Their all-time high is at ₹ 920 apiece, which they reached on July 30, 2015. The company’s shares are currently trading at [...]
Shares of SpiceJet tumbled nearly 15 per cent in early trade on Thursday after the company reported widening of net loss at Rs 789 crore for June quarter. The company's stock tanked 14.65 per cent to Rs 39.60 on the BSE. Later, it recovered some of the lost ground and was trading at Rs 43.60, [...]
Indices opened with decent gains on Tuesday. However, they are expected to remain under pressure due to persistent rate hike worries among traders. This happened after Fed Chief Jerome Powell indicated on Friday that the Central Bank will raise interest rates in order to curb inflation. The BSE Sensex is quoting at 59537.07 points, as [...]
Various stocks gained 20% today and hit the upper circuit on Tuesday as equity benchmarks NSE Nifty and BSE Sensex traded in the green amid brisk buying in frontline blue chip counters. The thirty share index (BSE Sensex) was quoting at 59,280.59 points up1,307.97 points or 2.26%, while the fifty share index (NSE Nifty) was [...]
The much-awaited Reliance Annual General Meeting was held on Monday. In the meeting, chairman Mukesh Ambani spoke about different ventures of Reliance going forward. Here are some of the highlights of the AGM meeting: The 5G services will be first launched during Diwali i.e, by October end of this year in four metro cities in [...]
The shares of Tata Teleservices (Maharashtra) Limited opened at Rs 91.5 on Tuesday and shot up by approximately 20 per cent to trade at Rs 108 till 12 pm. The stock had shed more than 10 per cent in a week before the rally started. The rally can be attributed to a huge surge in [...]
