Now and again, a specific piece of apparel catches the fancy of famous personalities and fashion lovers. The Big Red Boots, a magnificent pair of footwear, have recently become extremely popular. The Big Red Boots have a solid visual presence thanks to their eye-catching red hue and wide sole style. They distinguish themselves from conventional [...]
On Wednesday this small-cap stock hit 10% upper circuit after its subsidiary received an order worth Rs. 2,470 Cr. The stock closed 7% below the 52-week high and above the both 50-day and 200-day moving averages. The stock price is being helped by the strong and rising volume, which is above the averages from the [...]
Units of REITs and ETFs issued by companies headquartered in GIFT City or traded on local exchanges are to be exempt from capital gains tax, according to the government. Any unit of an investment trust, a unit of a scheme, or a unit of an ETF launched under the International Financial Services Centres Authority (Fund [...]
In order to support space-tech innovations through cloud computing, ISRO and IN-SPACe have signed a memorandum of understanding with Amazon Web Services (AWS). AWS said in a statement on Wednesday that the partnership with ISRO and the Indian National Space Promotion and Authorization Centre (IN-SPACe) aims to give space startups, research institutions, and students access [...]
On Wednesday, the government gave the go-ahead for Cyprus-based Berhyanda Ltd.'s proposed foreign investment of up to Rs 9,589 crore in Suven Pharmaceuticals. An official statement following the meeting of the Cabinet Committee on Economic Affairs stated that the approval is for Berhyanda to purchase up to 76.1% of the outstanding shares of Suven Pharmaceuticals [...]
The benchmark Sensex increased for a ninth consecutive session on Wednesday as buying in banking, energy, and telecom shares was sparked by positive macroeconomic data. The Nifty also closed above the record 20,000 mark for the first time. In day trading, the 30-share BSE Sensex recovered from early lows to trade close to its all-time [...]
The opening of DP World's 3.80 million square foot warehouse in Bhiwandi, Maharashtra, was announced on Wednesday. The facility, which went into operation on September 1, will serve companies in and around the region involved in industries like chemicals, pharmaceuticals, electric vehicles, and agriculture. The company said that with the addition of the new strategically [...]
Shares of infrastructure soared 5 percent upper circuit to Rs 37.05 apiece after the company received an order worth Rs 188 crores. Niraj Cement Structurals Ltd, a micro-cap stock with a market valuation of Rs 148 crore, touched a 5 percent upper circuit on the Exchange on Wednesday for Rs 37.05 per share. According to [...]
Dolly Khanna is an Indian ace investor known for investing in lesser-known stocks that tend to outperform the market. Her portfolio is managed by her husband Rajiv Khanna. The marquee investor’s portfolio typically leans towards manufacturing, textile, chemicals and sugar stocks. Earnings per share (EPS) is calculated by dividing a company’s profit by the number [...]
To avoid having its assets seized to cover a loan default, lenders claim Byju's hid USD 533 million in a mysterious, three-year-old hedge fund. However, the ed-tech giant claims that its agreement with lenders did not explicitly forbid the movement of funds. According to a lawsuit filed in a US court, Byju's US-based subsidiary Alpha [...]
According to a senior government official, the government is investigating legal options against electric two-wheeler companies for failing to adhere to the FAME II scheme norms. In response to seven manufacturers of electric two-wheelers claiming incentives while failing to follow the rules of the Faster Adoption and Manufacturing of Electric Vehicles (FAME II) scheme, the [...]
With 6.8 million square feet, BFSI leasing recovered in 2022 and surpassed pre-pandemic levels. In H1 2023, higher domestic demand helped the BFSI sector's share of overall leasing increase once again to 15%. Bengaluru came in second with 24% of the leasing market, trailing Mumbai's 31% share. According to Colliers, the banking and finance industry [...]
This power stock rallied 4% in the afternoon of Wednesday after the company received a letter of intent for EPC services. The stock saw a potential movement in the market today. Share price of Waaree Renewable Technologies opened at Rs. 1249.90 per share and gained almost 4% to reach its intra- day high of Rs. [...]
This small-cap stock jumps up to 7% after the company received an order worth Rs. 25 Cr on Wednesday. The stock has delivered 56% returns in six months and 26% returns in YTD. The strong and rising volume that is above the averages from the preceding day and week is assisting the stock price. GE [...]
Allcargo group firm Gati on Wednesday said it is expecting an 18–20% increase in festive season demand, particularly in segments such as e-commerce and white goods, among others, this year. The company said it is geared up to cater to this anticipated surge with its enhanced warehousing and service delivery capabilities. Gati has surface transhipment [...]
A small-cap stock in the breweries and distilleries sector saw a significant drop in the past three months, after it reached its all-time high of ₹ 1326.25 apiece on July 05, 2023, on the Bombay Stock Exchange (BSE). The stock has witnessed selling pressure and has fallen by 32 percent from its all-time high to [...]
Home loans are big-ticket and long-term expenses that majorly impact an individual's lifestyle. It is, therefore, crucial that home loan borrowers choose a lending partner who can be trusted to have a customer-centric approach and who continually works towards building happy customers. It is also equally important that a borrower avail of their home loan [...]
This micro cap stock owned by Ace Investor Porinju Veliyath jumped 8% in the trading session after the company published its recent investor presentation. The slides contain details about the company’s expansion and growth plans for the future. Max India opened at Rs. 138.05 per share and gained 8% to reach its intra- day high [...]
Shares of this Real Estate stock under the ‘small-cap’ category hit its 52-week high mark after HDFC Mutual Fund bought an additional stake in the company. In the last six months, the company’s stock has gained more than 25 percent. With a market capitalization of Rs 9,234.13 crores, the stocks of PNC Infratech Limited started [...]
Coffee Day Global Ltd (CDGL) and its financial creditor IndusInd Bank have reached a settlement, following which NCLAT has set aside an insolvency order against the company which owns and operates coffee chain Cafe Coffee Day. On Wednesday, attorneys for CDGL and IndusInd bank informed the Chennai bench of the National Company Law Appellate Tribunal [...]
