Investing in growth stocks has recently gained traction in the Indian markets. Growth stocks are those stocks that are expected to grow at a rate significantly above the average growth rate for the market. They expand faster than their counterparts in terms of sales and profits. Generally, these stocks do not pay dividends as they [...]
Anil Agarwal led Vedanta Ltd’s shares closed 2.84% higher at ₹ 282.05 apiece on the National Stock Exchange (NSE) on Thursday after the company’s board declared a dividend. The company in an exchange filing mentioned that its board has approved the fifth interim dividend of ₹ 20.50 per share, i.e., 2050% on the face value [...]
The Union Power Ministry said on Tuesday that 11 companies including the green power arms of Reliance Industries, Tata Power company and JSW Energy are among the winners for setting up of solar photovoltaic (PV) module manufacturing capacities under Tranche II of the government’s production-linked incentive (PLI) scheme. The Solar Energy Corporation of India (SECI) [...]
Out of the ten listed Adani Group stocks, seven ended in the positive territory on Wednesday, with Adani Enterprises rallying nearly 9 per cent. Shares of Adani Enterprises jumped 8.75 per cent, the most among the group stocks on the BSE. Adani Ports rallied 7.25 per cent, Adani Wilmar went up by 5 per cent, [...]
Realty major Emerald Haven Realty Ltd (TVS Emerald) has signed a term sheet agreement with HDFC Capital Affordable Real Estate Fund-3, the city based company said on Wednesday. The two companies have come together to create Rs 1,000 crore platform for plotted development projects across Chennai and Bengaluru markets. TVS Emerald, an associate of TVS [...]
Pharmaceuticals firm Granules India Ltd on Wednesday said it has received approval from the US health regulator for its generic gabapentin tablets indicated for management of postherpetic neuralgia in adults. The approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA) for Gabapentin tablets of strengths 600 mg [...]
The Reserve Bank may go for a final 25 basis points increase in the current rate hike cycle next week and a reduction would come in only by the end of third quarter of FY24, economists at Axis Bank said on Wednesday. As per media reports, RBI officials met economists on Tuesday, and the latter [...]
Pilots' bodies at Tata Group-owned Air India have accused the airline management of making unilaterally "rapid" and "regressive" changes in the service conditions of pilots. In a letter to Air India Chief Human Resources Officer Suresh Dutt Tripathi on Tuesday, Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also stated that "all unilateral [...]
Benchmark Sensex settled higher by 346 points while Nifty inched closer to the 17,100 level in a volatile trade on Wednesday driven by foreign fund inflows and firm trends in global markets. Buying in services, realty, commodities and auto stocks on the monthly expiry day also aided the momentum. The 30-share BSE Sensex advanced 346.37 [...]
Asserting that India has adequate coal reserves, Union Coal Minister Pralhad Joshi on Wednesday said the country will start exporting the dry fuel by 2025-26. From a net importer of coal, India is moving towards becoming a net exporter of non-coking coal, Joshi said on the sidelines of the seventh round of auctions for commercial [...]
Borrowers in Goa opted increasingly for private sector banks and small finance firms instead of nationalized and cooperative banks in 2022-23, the state's Economic Survey report said. The report was tabled in the Assembly earlier this week during the ongoing budget session. Overall bank loans during 2022-23 (up to September 2022) stood at Rs 30,769.92 [...]
The Comptroller and Auditor General (CAG) has pulled up J&K Bank Limited for not utilising the land worth over Rs 140 crore acquired during 2016-21 and recommended a proactive plan for its effective utilisation. It also said the bank's improper planning resulted into blockage of funds to the tune of Rs 22.78 crore and wasteful [...]
Cooperation Minister Amit Shah on Wednesday said the government has completed the first phase of mapping database of 2.63 lakh primary cooperative societies engaged in credit, dairy and fisheries. The database is expected to be extended to cooperative societies of all other sectors by July this year, Shah said in a written reply to the [...]
Billionaire Gautam Adani-led promoter group has paid off all of the USD 2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in a statement termed reports of the group not completing [...]
Telecom gear maker HFCL on Wednesday said it bagged a Rs 282.61 crore contract from Gujarat Metro Rail Corporation to deploy communication systems for Surat Metro Rail Project Phase-1. The company has to deploy the project within 90 weeks from the date of contract. "..the company has bagged an order worth Rs 282.61 crore from [...]
Safari Industries Ltd, Ashish Kacholia-owned stock, opened its trading session today at Rs 1,981.55 and closed at Rs 2,008. Within a time span of six months, the stock has gained around 22 percent. Moving ahead with a horizon of a year, the stock has provided Multibagger returns of about 106 percent to its stakeholders ranging [...]
Pharmaceutical ingredients maker SPC Lifesciences Ltd has filed preliminary papers with the capital market regulator Sebi to raise funds through an initial public offering. The Initial Public Offering (IPO) consists of fresh issuance of equity shares worth Rs 300 crore and an Offer For Sale (OFS) of 89.39 lakh equity shares by promoter -- Snehal [...]
Shares of NBCC (India) Ltd jumped around 8 percent today and is currently trading at a price of Rs 33.40. Keeping a purview of six months, the stock has been able to deliver a return of around 7.8 percent to its stakeholders. One of the probable reasons for such an uptrend in the company’s stock [...]
Oil and Natural Gas Corporation's (ONGC) delayed Krishna Godavari basin KG-D5 project is likely to start crude oil production in May this year and gas output a year later, a senior company official said. ONGC was originally to start gas production from Cluster-II fields in block KG-DWN-98/2 (KG-D5) in June 2019 and the first oil [...]
The NCLAT on Wednesday upheld the order of the fair trade regulator CCI imposing a penalty of Rs 1,337.76 crore on Internet giant Google. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) directed Google to implement the direction and deposit the amount in 30 days. The NCLAT bench comprising Chairperson Justice Ashok [...]
