Airtel Payments Bank on Tuesday said it has collaborated with the National Payments Corporation of India (NPCI) to roll out face authentication for the Aadhaar-enabled Payment System at its 5 lakh banking points. Airtel Payments Bank is among the first four banks to offer face authentication for AePS (Aadhaar-enabled Payment System). "We are delighted to [...]
Benchmark indices fell in early trade on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve's interest rate decision and weak global market trends. Also, fall in index majors Reliance Industries, ICICI Bank, Infosys and HDFC added to the weak trend in equities. The 30-share BSE Sensex declined 330.27 points to [...]
Trading can be an exciting and lucrative investment opportunity, but without a solid plan in place, it can also be a quick path to financial loss. Enter ISA Investment, a trusted online broker that has recently introduced a step-by-step guide for creating a trading plan. This comprehensive guide is designed to help traders of all [...]
State-owned NMDC Ltd on Tuesday reported an 11.42 per cent rise in its iron ore production of 3.51 million tonne (MT) in April 2023. It produced 3.15 MT of iron ore in the same month last year, NMDC said in a BSE filing. Last month, the company's sales rose by around 10 per cent to [...]
Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to "serial failure" of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned [...]
State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023. "NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023 as compared to 1.11 MMT recorded for the month of April 2022," a [...]
Shares of HFCL Limited, an Indian Telecom company, closed today at a price of Rs 64.20. The scrip dipped around 1 percent as compared to the previous closing price of Rs 64.80. In the past one month, the stock has gained around 5 percent ranging from Rs 61.30 to the current price levels. Keeping a [...]
Equity benchmarks ended higher on Tuesday mainly due to buying in index heavyweights Infosys and Reliance Industries amid foreign fund inflows. Also, firm trend in Asian gauges and record GST collection in April added to the optimism. Rallying for the eighth straight day, the 30-share BSE Sensex climbed 242.27 points or 0.40 per cent to [...]
Shares of Siyaram Silk Mills gained 5.41 percent during Tuesday’s intraday trade to reach a high of ₹ 516.05 apiece on the National Stock Exchange (NSE) after two ace investors, Vijay Kedia and Sunil Singhania increased their stake in it. According to the latest shareholding pattern of the company, ace investor Vijay Kedia has increased [...]
Public sector UCO Bank on Tuesday reported an 86.2 per cent rise in net profit to Rs 581.24 crore for the March 2023 quarter on the back of a reduction in bad loans. The bank reported a profit of Rs 312.18 crore in the January-March quarter of 2021-22. UCO Bank has posted its highest-ever annual [...]
With a market capitalization of ₹ 5,792 crores, Safari Industries (India) is a small-cap company that manufactures and markets luggage and luggage accessories. It is a wholly-owned subsidiary of Safari Lifestyles Ltd and offers brands like Safari, MAGNUM, GENiUS and Genie. According to the shareholding pattern of the company, ace investor Ashish Kacholia holds a [...]
Stocks of Welspun India Limited spiked nearly 16 percent today and currently trade at Rs 101.40. It touched the 52-week high mark at a price of Rs 105. The stock, in the past month, has delivered around 50 percent returns to its stakeholders ranging from Rs 67.40 to the current levels. One of the probable [...]
CIL, the world's largest coal miner, on Tuesday said coal production rose 7.7 per cent in April and supplies to users shot up just as summer began. In a statement, Coal India Ltd (CIL) said it logged an impressive 31 per cent growth in overburden removal (OBR) in April compared to the same month a [...]
Continuing their gaining streak, domestic market barometers were in the green on Tuesday’s early trades, supported by healthy Q4 earnings and FIIs turning positive. At 12:55 PM, the Sensex was quoting 315.45 points or 0.52% higher at ₹ 61427.89 points, while the Nifty 50 was quoting 96.90 points or 0.54% higher at 18161.90 points. Amid [...]
Bajaj Auto Ltd on Tuesday reported a 7 per cent increase in total sales at 3,31,278 units in April 2023, as compared to the same month last year. The company had posted a total sales of 3,10,774 units in April 2022, Bajaj Auto said in a regulatory filing. The total two-wheeler sales rose 2 per [...]
The benchmark indices are in the green today with Sensex gaining 300 points and currently standing at Rs 61,414 and Nifty, in congruence with the former, has gained 97 points and stands at Rs 18,162. Its results season for Indian companies and, in this article, we will analyze the results of 3 companies that were [...]
Mahindra & Mahindra on Tuesday said its total sales increased by 36 per cent to 62,294 units in April. The company's total dispatches to dealers stood at 45,640 units in April 2022. The company's passenger vehicle wholesales in the domestic market rose by 54 per cent to 34,698 units last month against 22,526 in April [...]
Cyient, an Engineering and Technology solutions company, on Tuesday announced that a case brought by the US Department of Justice against an executive of the company on grounds of violation of Sherman Act for alleged 'No-Poach' agreement, has been dismissed mid-trial by a federal court. A press release from the company said the case was [...]
Shares of Satin Creditcare Network Ltd opened 20% higher at ₹ 173.30 apiece on Tuesday’s early trades after the company reported robust results for the January to March quarter of the financial year 2022-23 (FY23). At 11:50 AM, its shares were trading 11.66% higher at ₹ 161.30 apiece on the National Stock Exchange (NSE). Satin [...]
Shares of Gallantt Ispat Limited plunged more than 18 percent today and currently trade at Rs 50.60. It is a small-cap company with a market capitalization of Rs 1,811 crores. The prime factor contributing to such a drop in the stock prices is the Income Tax search operation conducted at the plant office and factory [...]
