Foreign investors offloaded nearly Rs 5,900 crore from the Indian equity markets in the first week of January on growing concerns over the re-emergence of Covid in some parts of the world and recession worries in the US. Foreign Portfolio Investors (FPIs) have been adopting a cautious stance toward Indian equity markets for the past [...]
Trend in the equity market will be guided by a host of factors lined up this week, including inflation numbers, IIP data and quarterly earnings from IT majors, analysts said. Global cues, movement of the rupee, Brent crude oil and foreign funds will also influence Dalal Street this week, they added. "We have important macroeconomic [...]
Jaypee Group's flagship firm Jaiprakash Associates has defaulted on loans of Rs 4,059 crore, comprising both the principal and interest amount. In a regulatory filing, Jaiprakash Associates Ltd (JAL) said the company on December 31 defaulted on repayments of principal amount Rs 1,713 crore and interest of Rs 2,346 crore. The loans pertained to various [...]
Bears gripped Dalal Street on Friday as benchmark indices edged lower heading a negative close for the third straight day. Nifty tumbled 132.70 points or 0.75% at 17,859.45 while Sensex settled at 59,900, down 450 points. As markets remain volatile, here are 3 fundamentally strong stocks under Rs 200 recommended by analysts for an upside [...]
The shares of Reliance Industries were trading in the green on Friday after the conglomerate’s subsidiary Jio Platforms Limited (Jio) entered into a regional partnership with Manchester City (Man City) on January 05, 2022, enabling Jio to become the Football Club’s Official Mobile Communications Network Partner in India. Jio and Man City will collaborate on [...]
Oil companies are selling petrol at a profit of Rs 10 per litre but retail prices haven't been reduced as they recoup past losses and make up for a Rs 6.5 a litre loss on diesel, a report said. State-owned Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) [...]
Market regulator, the Securities and Exchange Board of India (SEBI) gave a nod to reclassify the government’s holding in IDBI bank as ‘public’, after the divestment. Following the news, the bank’s shares shot up 9.04% by 12:00 PM on Friday’s trades to reach a high of ₹ 59.70 apiece on the National Stock Exchange (NSE) [...]
The shares of Rama Steel Tubes Limited hit an upper circuit of 10 percent at Rs 38.15 levels in the early hours of Friday. They rallied on the record date for the bonus issue approved by the board of directors earlier. The company approved a bonus issue of shares in the ratio of 4:1 which [...]
The shares of the third largest two-wheeler manufacturing company in India, TVS Motor Company Limited declined marginally on Friday’s trading session and were trading at Rs 1,020 levels. In the past year, the stock has rallied and gained approximately 58 percent in the period. TVS Motor Company is a reputed automobile company engaged in the [...]
Mukesh Ambani, spent quite some time last year, establishing his children at his business empire’s businesses. Akash Ambani, his elder son was named the chairman of Reliance Jio, while his twin sister Isha Ambani will oversee Reliance’s retail business. The tycoon’s younger son, Anant Ambani will be looking after the energy unit. After handing over [...]
