A three-member National Company Law Appellate Tribunal bench (NCLAT) on Monday extended the time till September 30 for Jalan-Kalrock Consortium for payment of Rs 350 crore to the lenders of the bankrupt Jet Airways. Jalan-Kalrock Consortium had emerged as the winning bidder for the airline, which stopped flying in April 2019 and later underwent an [...]
On Monday Morning, the share prices of rice export companies saw a decline after the market opened. The union government has imposed export duty and set limits for rice exports. The government of India has set a minimum export price(MEP) of $1,200 per ton for basmati rice. Along with that, the government has also imposed [...]
In a regulatory filing, Embassy Office Parks REIT (Real Estate Investment Trust) stated that the Debenture Committee of the Board of Directors of the manager has approved the allotment of 50,000 non-convertible debentures (NCDs) with a face value of Rs 1 lakh on a private placement basis. This will be worth Rs. 500 crore and [...]
Shares of this small-cap company gained 15% on Monday after Kedia Securities Pvt Ltd bought 4.3 lakh shares and the stock has reached a new 52-week high of Rs. 542.30.The stock price is being supported by a big volume increase that was greater than the previous day's and last week. Atul Auto Ltd A small-cap [...]
Obtaining your first credit card is an exciting step towards financial independence and building a credit history. Whether you're a student juggling expenses, a young professional exploring new financial avenues, or someone looking to establish a credit profile, a credit card can offer you a sense of financial responsibility and convenience. Did you know that [...]
Equity benchmark indices climbed on Monday after two days of fall, tracking strength in global markets and buying in HDFC Bank. Sensex climbed 110.09 points or 17 bps to settle at 64,996.60. During the day, it jumped 326.94 points or 50 bps to 65,213.45. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,638.21 crore on [...]
Chairman of Reliance Industries Ltd, the owner of world's largest single-location oil refining complex, Mukesh Ambani said on Monday that the company will set up 100 compressed biogas plants to convert agri-waste into gas. He further stated that this would result in reduction of about 7 million tonnes per annum of imported LNG. Speaking at [...]
This small-cap stock gained 9.45% on Monday after announcing a 4,000 Cr revenue-generating project. This company has delivered 68% returns to investors in one year. The stock price is being supported by a significant volume increase that was higher than the prior day and the previous week. Currently, shares of this company are trading above [...]
Solar capacity addition in the country declined 58% to 1.7 GW in the Q1 FY2023 period, mainly due to land and transmission-related issues, Mercom India said on Monday. Mercom India is based in Bangalore and is a subsidiary of US based Mercom Capital Group, a leading clean energy consulting firm recognized globally for its clean [...]
Jio Platforms is keen to lead efforts in developing India-specific AI models and AI-powered solutions across domains, delivering the benefit of this new-age technology to Indian citizens, businesses and government. Ambani considers AI the most exciting growth frontier, and stated his commitment to create close to 2 GW of AI powered computing capacity across cloud [...]
As per the scrutinizer's stock exchange report filed by JK Lakshmi Cement Ltd (“JKLC”),shareholders of JKLC have rejected a special resolution for increasing inter corporate transaction limit to Rs 10,000 crore. As per section 186 of Companies’ Act 2013, the mandate is to require a supermajority to pass the special resolution i.e, 75%. The resolution [...]
The share price of a small-cap agrotech company gained 18.76 per cent to touch a fresh 52-week high of ₹ 195.00 apiece after the company reported robust results for the first quarter of the financial year 2023-24. Its shares settled at ₹ 190.00 apiece on Monday. Tierra Agrotech is an agriculture technology company. It is [...]
The EU on Saturday voiced concerns over the "rapid" rise in refined petroleum products made from Russian crude oil in India finding its way to the European market, saying it defies the purpose of the sanctions against Moscow that are aimed at reducing its ability to finance the war with Ukraine. According to Valdis Dombrovskis, [...]
Recently, Elon Musk's X (formerly known as Twitter) made news when it was hit with a hefty $350,000 fine for missing a deadline on a secret search order related to Donald Trump's account. Meanwhile, the mysterious Elon Musk himself remains a daily trend, enthralling many investors with the Elonator (ETOR) phenomenon. In light of the [...]
In the last four days, the National Cooperative Consumers' Federation of India (NCCF) reported buying 2,826 tonnes of onions directly from farmers at a cost of Rs 2,410 per quintal, primarily from Maharashtra as it resumed buying the bulb for a larger buffer stock. The government enhanced the onion buffer stock target from 3 lakh [...]
Shares of a small-cap NBFC gained 5 percent to reach an intraday high of ₹ 183.80 apiece on the National Stock Exchange (NSE), after offloading its corporate loans to Phoenix Asset Reconstruction Company. At 02:12 PM, its shares were trading at ₹ 180.00 apiece. Indostar Capital Finance is a non-banking finance company (NBFC) engaged in [...]
The shares of one of India's prominent manufacturers of Power and distribution transformers rose 10 percent to Rs 3,189 apiece in early trade on Monday following the announcement of the record date for the bonus issuance. At 1:45 p.m., On the National Stock Exchange, Shilchar Technologies Ltd shares were trading at Rs 3,087.90 a share, [...]
The shares of the premier warship builder rose 7 percent to reach an all-time price of Rs 844.45 apiece after the company signed an MOU with DEMPO group to build commercial vessels. At 1:15 p.m., On the National Stock Exchange, Garden Reach Shipbuilders & Engineers Ltd. shares were trading at Rs 803.70 a share, up [...]
This electricals microcap stock hit 20% upper circuit after the first hour of market open. As per BSE filing dated 26th August 2023, The company has announced, it has on its agenda to finalize a strategic acquisition of a domestic private firm in an all stock transaction. The stock is currently 2.5% away from its [...]
Medi Assist Healthcare Services has filed preliminary papers with capital markets regulator Sebi to mobilise funds through an initial public offering (IPO). The company is making its second effort to go public. It had previously submitted draft papers to the Securities and Exchange Board of India (Sebi) in May 2021 with the purpose of issuing [...]
