Capital markets regulator Sebi has levied a fine of Rs 20 lakh on Star India Market Research for allegedly flouting regulatory norms. Star India Market Research (SIMR) is a Sebi-registered investment adviser. The Securities and Exchange Board of India (Sebi) conducted an examination of SIMR before issuing a show cause notice on July 11, 2023, [...]
Commerce and Industry Minister Piyush Goyal on Thursday exuded confidence that the G20 ministers of trade and investment would be able to reach a broad consensus on all trade-related issues at the two-day meeting here. Representatives of the G20 countries have gathered here for the two-day trade and investment ministerial meeting. They are deliberating on [...]
Finance Secretary T V Somanathan on Thursday said India will continue to clock the highest growth rate among the top five economies in the world in the foreseeable future and asked the Indian diaspora to act as a catalyst and supplement government efforts in making India the biggest opportunity. India is currently the fifth-largest economy [...]
The Ministry of New and Renewable Energy will soon seek the Union Cabinet's approval for a mandate on the use of green hydrogen in different industries. As per the consumption mandate, various industries especially petroleum, steel and fertilizers, would be mandated to consume a certain proportion of green hydrogen. At present various industries use hydrogen [...]
In the heart of India's bustling tech scene lies a treasure trove of innovative crypto startups. These startups are leveraging blockchain technology to create groundbreaking solutions that address various challenges across industries. In this article, we highlight the best and brightest Indian crypto startups that are on the brink of transforming the way we transact, [...]
IT services company Infosys on Thursday announced a three-year partnership with Rafael Nadal, onboarding the global tennis star as an ambassador for the brand and Infosys' Digital Innovation. To mark Nadal's first-ever collaboration with a digital services company, Infosys and Nadal's coaching team are developing an AI-powered match analysis tool, the Bengaluru-headquartered company said in [...]
Benchmark stock indices Sensex and Nifty closed lower on Thursday after three days of gains dragged mainly by selling in index majors Reliance Industries and HDFC Bank. The BSE Sensex pared early gains to settle 180.96 points or 0.28 per cent lower at 65,252.34. During the day, it hit a high of 65,913.77 and a [...]
After mutually resolving six trade disputes with the US at the World Trade Organization (WTO), New Delhi and Washington are now trying to engage in ending their last pending dispute over poultry products, a senior government official said on Thursday. In July, India and the US mutually resolved six trade disputes pending at the WTO, [...]
Shares of a multibagger auto stock in Vijay Kedia’s portfolio gained nearly 5 percent on Thursday’s early trades to reach a 52-week high of ₹ 459.00 apiece, after foreign institutional investors bought a stake in the company. At 01:37 PM, its shares were trading at ₹ 444.70 apiece. Atul Auto manufactures three-wheelers and sells the [...]
Shares of a financial services company gained 6.52 percent to reach a 52-week high of ₹ 937.50 apiece on the Bombay Stock Exchange (BSE) after large deals took place on the counter. Approximately 10 million shares changed hands as per reports. A combined 17 million shares of Max Financial Services changed hands on the exchanges [...]
The Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available. However, the total limit for offline transactions on a payment instrument remains Rs 2,000 at any [...]
Companies included under the category of ‘fundamentally strong’ stocks usually portray a certain set of attributes including lower leverage ratios, strong financial numbers, and many more. Listed below is one such fundamentally strong stock that gets a ‘Buy’ call with a potential upside of 31 percent: Galaxy Surfactants Limited With a market capitalization of Rs [...]
The financial landscape has evolved dramatically over the past few decades, with technological advancements playing a pivotal role in shaping the way markets operate. One of the most significant transformations has been the rise of algorithmic trading, a strategy that employs complex mathematical models and artificial intelligence (AI) to make swift trading decisions. This approach [...]
Union Road Transport and Highways Minister Nitin Gadkari on Wednesday said he will unveil a 100 per cent ethanol-fueled variant of Toyota's Innova car on August 29. The Union minister, who has been exhorting automakers to come out with alternative fuel-powered and green vehicles, had last year launched a hydrogen-powered car, Toyota Mirai EV. "On [...]
Honeywell on Wednesday said it has set up an Airfield Ground Lighting (AGL) manufacturing facility in Gurugram, Haryana. "AGL is a Make in India product engineered and manufactured completely in India. AGL plays a crucial role in airport operations and is subject to comprehensive safety and compliance regulations by global aviation standards and regulatory bodies," [...]
Water and sewerage infra player EMS Ltd on Thursday said it is planning to launch an initial public offering (IPO) in the next month to raise Rs 300-320 crore. Also, the company said it has completed the pre-IPO placement round and raised Rs 33.76 crore through it, leading to a reduction in fresh issue size [...]
Shell Energy India on Wednesday said it will invest Rs 3,500 crore in Gujarat to set up a renewable energy facility, charging stations for electric vehicles, and an LNG regasification terminal, which would create nearly 4,300 jobs. A memorandum of understanding (MoU) in this regard was signed between the Gujarat government and Shell Energy India [...]
Shares of a logistics company as well as its promoter company jumped more than 5 percent on Thursday’s early trades to reach their new 52-week highs respectively. This happened after the promoter company bought a stake in it. Snowman Logistics gained 5.81 percent on Thursday to reach a fresh 52-week high of ₹ 56.30 apiece [...]
The country's largest airline IndiGo on Thursday told shareholders that a whole range of mitigating measures are being taken to deal with the situation arising out of grounded aircraft and it is working hard to have a positive net worth for the company. Speaking to shareholders at the 20th annual general meeting of InterGlobe Aviation, [...]
This FMCG stock declined by 5% in the first half of Thursday’s trading session after its Q4 results came into sight. Procter & Gamble Health Limited shares opened at Rs. Rs. 5,143.35 and fell to Rs. 5,036.10. This happened after the company published its financial results for the June quarter on 23rd August. However, the [...]
