Shares of a company in Vijay Kedia’s portfolio zoomed 5% on Tuesday’s early trades to reach an intraday high of ₹ 58.80 apiece on the National Stock Exchange (NSE) after the company’s joint venture received an order worth ₹ 1275.30 crores from Madhya Pradesh Jal Nigam. According to an exchange filing, Patel Engineering, a Mumbai-based [...]
Shares of Adani Enterprises Ltd climbed over 3 per cent on Tuesday after billionaire Gautam Adani-led promoter group increased its stake in the flagship firm. The stock gained 3.10 per cent to Rs 2,720.65 on the BSE. At the NSE, it climbed 3 per cent to Rs 2,721. In terms of traded volume, 1.12 lakh [...]
Maharashtra Deputy Chief Minister Devendra Fadnavis on Tuesday said the Centre has decided to purchase two lakh metric tonnes of onion at the rate of Rs 2,410 per quintal, and expressed hope this will provide relief to producers of the key kitchen staple in the state. He also said special procurement centres will be set [...]
The government will launch the 'Mera Bill Mera Adhikar' invoice incentive scheme, which offers cash prizes from Rs 10,000 to Rs 1 crore, from September 1, starting with six states and Union Territories. The scheme, which is aimed at motivating customers to ask for a bill every time they make purchases, will be launched in [...]
Life Insurance Corporation (LIC) on Tuesday said it has acquired a 6.66 per cent stake in Jio Financial Services, the demerged non-banking financial services unit of the Mukesh Ambani-led Reliance group. "... Corporation has acquired 6.660 per cent shareholding in 'Jio Financial Services Ltd' through demerger action by 'Reliance Industries Ltd'," LIC said in a [...]
Multi-speciality hospital chain Jupiter Life Line Hospitals has mobilised Rs 123 crore from institutional investors in the pre-IPO (initial public offering) round. In addition, the company has received capital markets regulator Sebi's go-ahead to raise funds through its IPO. It received Sebi's observation letter on August 11, an update with the regulator showed on Tuesday. [...]
This small-cap stock was listed on 11th Aug 2023 at a price of Rs. 302 and it delivered ~5% return on the same day. Stock hit a 5% upper circuit today after receiving an order of Rs. 138 Cr Currently, the stock trading 0.77% away from the 52-week high. Oriana Power Ltd The company belongs [...]
Shares of this multibagger stock under the ‘small-cap’ category hit an all-time high after acquiring a controlling stake in a Private water & sewage infrastructure company. With a market capitalization of Rs 4,362.80 crores, the stocks of Welspun Enterprises started their trading session on Tuesday at Rs 314.70 and currently trade at Rs 315.20. Moreover, [...]
The shares of visa processing service providers hit the upper circuit after the company’s board of directors announced the right issue. On Tuesday’s early trade, Du Digital Global Ltd shares hit the upper circuit of Rs 51.95 apiece, up around 4.95 percent a share on the National Stock Exchange, and the company has a market [...]
India successfully launched the Chandrayaan-3 mission to the moon on July 14, 2023. Chandrayaan-3’s lander module is expected to attempt soft landing on the moon on August 23, 2023. This landing involves the hard work of the Indian Space Research Organisation (ISRO) and many companies which are listed on the stock exchanges Here are a [...]
The profit margin is the amount of money left over after subtracting all expenditures. It is a percentage that indicates how profitable the company's pricing strategy is, how effectively the organization can control expenses, and how efficiently it uses raw resources to produce products or services. The net profit margin is the amount of profit [...]
A majority (80 per cent) of small and medium enterprises in the country believe the government funding is key to unlocking digitalisation in the future, according to a study by Gartner-acquired software selection platform Capterra. The 'State of Digitalisation in India survey: Major barriers and role of government' report is based on responses collected from [...]
Diversified group L&T on Monday said it has secured a "significant" order from Perdaman Chemicals & Fertilisers to build a 2.3 million tonne urea plant in Australia. On completion, this facility will be the largest urea plant in Australia and one of the largest in the world, the company said. Without disclosing the deal value, [...]
State-owned hydro power giant NHPC has inked an initial pact with RITES to construct railway siding for a 2,880 MW Dibang multipurpose project in Arunachal Pradesh. "NHPC signed an MoU with RITES for Construction of Railway Siding at Pasighat (Arunachal Pradesh) for NHPC’s 2,880 MW Dibang Multi Purpose Project at NHPC Corporate Office on 21st [...]
Sri Lanka's cricket team, known for its rich legacy and formidable presence, has once again showcased its prowess by securing a position in the upcoming Cricket World Cup. Their recent victory which will be predicted by 1xBet Sri Lanka in the qualifying tournament held in Zimbabwe is a testament to their dedication, skill, strategy, and the passion [...]
The value of foreign portfolio investors' holdings in domestic equities reached USD 626 billion in the three months ended June 2023, which was 20 per cent higher from the year-ago period, according to a Morningstar report. This could be attributed to good performance in the domestic equity markets as well as strong net inflows from [...]
Global integrated logistics operator Maersk on Monday said it is planning to add more than 300 electric vehicles to its fleet in India by October. Maersk has already deployed over 200 Electric Vehicles (EVs) across 15 cities in the country, and is planning to expand to another 11 cities, taking its overall EV fleet to [...]
Amidst a digital renaissance, India's crypto landscape is undergoing a profound transformation, catalyzed by a wave of groundbreaking blockchain projects. These projects epitomize the nation's ability to embrace innovation and redefine traditional paradigms. Join us as we delve into the heart of India's crypto renaissance, exploring the top projects that are shaping the nation's technological [...]
Chennai-based Casagrand on Monday said it plans to invest Rs 8,000 crore to develop realty projects in Maharashtra over the next three years. The company said it plans to develop 20 million square feet in Mumbai and Pune as part of its expansion plan. It, however, did not share any specific detail on the plans. [...]
The government on Monday said the decision to impose a 40 per cent export duty on onions was not a "premature" but a timely move to boost domestic supply and control retail prices. The statement comes amid farmers' protest at several places in Nashik district in Maharashtra against the 40 per cent duty imposed on [...]
