According to Union Minister Mahindra Nath Pandey, production of the first batch of advanced chemistry cell batteries in India is anticipated to start by January 2024. The PLI (Production Linked Incentives) scheme for the production of ACC (Advanced Chemistry Cell) batteries, with an estimated outlay of Rs 18,100 crore, was approved by the government in [...]
The crypto space indeed offers lucrative opportunities for crypto enthusiasts to grow their wealth quickly. Among the various business modules in the crypto platform, token creation has gained significant popularity. For startups and entrepreneurs with innovative business ideas, crowdfunding platforms have emerged as a viable option to secure funds. These platforms leverage token creation and [...]
After the trading session on Tuesday, Nifty50 closed at Rs. 19,993.20 levels. It gained 0.5% to reach its all time high of Rs. 20110.35 levels. In the last five days, Nifty has recorded an increase in its growth by more than 2%. Nifty50 contains a total of 50 equity stocks from 50 respective companies. Some [...]
Due to the sale of the retail division to Axis Bank, the net profit for the Indian operations of the American lender Citi increased to Rs 13,614 crore in FY23. A net profit of Rs 4,700 crore, or a 26% increase over the Rs 3,727 crore it reported for FY22, was reported by the lender [...]
Companies generally manage their capital requirements with the help of equity or through internally generated cash. However, they may also use debt for the same. While debt provides financial leverage to companies, too much of it can cause trouble. Debt-free companies send a signal to investors that they are able to manage their funding requirements [...]
In This large-cap company, Goldman Sachs bought 2.47 Cr shares via a block deal. The stock has delivered 86% returns in one year and 53% returns in YTD to the investors. The stock closed above the both 50-day and 200-day moving averages. IDFC First Bank A large-cap company, IDFC First Bank has a market capitalization [...]
This paint stock reached its 52- week high in the market today after the company announced the record date for its bonus issue of shares in the ratio of 1:5. Share price of Berger Paints closed at Rs. 722.35 per share. It gained another percent to reach its 52- week high of Rs. 728.70 apiece. [...]
On Tuesday, the BSE Sensex continued its upward trend for a eighth day in a row, while the Nifty ended marginally lower after setting a new record high. The 30-share BSE Sensex increased 94.05 points, or 0.14%, to close at 67,221.13 on Thursday. It increased by 412.02 points or 0.61% to 67,539.10 throughout the day. [...]
On Tuesday, Tata Power Delhi Distribution disclosed a strategic alliance with Utiltyx, the Indian division of a US-based software company that specializes in data analytics and cyber security. According to a statement from the company, the partnership aims to improve the organization's readiness against potential threats and challenges related to cyber security. According to the [...]
In an effort to promote environmentally friendly coal transportation, Coal India Ltd has committed to investing a total of about Rs 24,750 crore in 61 first-mile connectivity (FMC) projects over the next few years. The projects, which will be built in three phases, will have a combined annual capacity of 763.5 million tonnes, according to [...]
India and the UK are looking into the possibility of listing debt instruments and shares at IFSC-GIFT City and the London Stock Exchange (LSE), according to Finance Minister Nirmala Sitharaman on Monday. After the conclusion of the 12th India-UK Economic and Financial Dialogue, Sitharaman stated that the UK had expressed its willingness to further increase [...]
Infrastructure development is critical to India's goal of becoming a $5 trillion economy by 2025. To boost the expansion of the infrastructure industry, the government has launched many schemes including the National Infrastructure Pipeline (NIP), in conjunction with other programs such as 'Make in India' and the production-linked incentives (PLI) plan. Historically, more than 80 [...]
The US International Development Finance Corporation has authorized financial assistance to Tata Power Renewable Energy Ltd. in the amount of up to USD 425 million (Rs 3,521 crore) for the establishment of a 4.3 GW solar cell in Tamil Nadu by its subsidiary. According to a statement released on Monday by Tata Power Renewable Energy [...]
On Tuesday this small-cap stock hit a 52-week high after HDFC Mutual Fund bought 15.5 lakh shares via bulk deal. If more than 0.5 per cent of a company's equity shares are traded in one company, it is considered to have taken place in a bulk transaction. yThis stock has delivered 9.5% returns to investors [...]
According to industry group SIAM, wholesale sales of passenger vehicles in the nation increased 9% year over year in August as a result of strong demand for SUVs and other utility vehicles. From 3,28,376 units in August 2022, the total number of passenger vehicles dispatched to dealers increased to 3,59,228 units last month. Sales of [...]
According to Diversified PSU Balmer Lawrie, some of its business units, including industrial packaging (IP) and logistics services (LS), may face significant challenges as a result of global geopolitical developments like the conflict between Ukraine and Russia. The firm's outlook indicates that the Russia-Ukraine situation is still having a negative impact on the world economy, [...]
This IT stock hit its upper circuit at 5% when the market opened on Tuesday as the invocation of the 11.3 lakhs pledged shares of the company takes place. Shares pledged by the promoter were sold by two of the pledgees two days back. Share price of Brightcom Group previously closed at Rs. 14.50 and [...]
Shares of a midcap NBFC gained 12 percent to reach an intraday high of ₹ 2980.00 apiece on the National Stock Exchange (NSE) after the company announced its result. At 02:22 PM, its shares were trading at ₹ 2866.95 apiece. According to an exchange filing, Sundaram Finance reported the highest-ever disbursements of ₹ 6,489 crores, [...]
To raise funds through an IPO, Integrated Facilities Management Updater Services Ltd has received SEBI approval. Integrated facilities management Updater Services Ltd has received capital markets regulator Sebi's approval to raise funds through an Initial Public Offering (IPO). The IPO will comprise both a fresh issue of equity shares aggregating up to Rs 400 crore [...]
According to its MD Ishver Dholakiya, Gujarat-based Goldi Solar and Desert Technologies of Saudi Arabia have signed a contract to look into investment opportunities in the green energy sector. According to the Memorandum of Understanding (MoU), Goldi Solar said in a statement that it will provide technologies to develop green projects. "As part of the [...]
