Domestic benchmark indices ended in the green after swinging amid volatility on Friday. The Sensex closed for the week at 57,989.90 points, up 0.62%, and the Nifty settled at 17,100.05 points, up 0.67%. Some of the top gainers were HCL Technologies Ltd., Hindalco Industries Ltd. UPL Ltd., UltraTech Cement Ltd., and JSW Steel Ltd. On [...]
State-owned SJVN on Saturday said its green energy subsidiary has bagged a 200MW solar project entailing an investment of Rs 1,000 crore in Maharashtra. "Wholly-owned subsidiary of the company...SJVN Green Energy Ltd (SGEL) received a Letter of Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 200 MW solar power project to be developed [...]
Ashish Kacholia, commonly known as the ‘big whale’ in the Indian stock market is well-known for his absence from media cycles, avoiding interviews and journalists. He lets his portfolio speak for itself. His portfolio includes stocks from hospitality, education, infra and manufacturing sectors and is worth over ₹ 1700 crores. Here are the top 5 [...]
A rally in IT stocks overpowered weak global cues and relieved investors as domestic equity indices opened in the green. The thirty-share BSE Sensex opened for the week at 59,033.77 points and the fifty-share NSE Nifty 50 at ₹ 17,421.90 points. Realty and metal sectors were star performers in Friday's session. The indices closed in [...]
The continuing demand for housing, accounting for 60-65 per cent of cement demand, and aggressive government investments in infrastructure will drive demand, nudging cement-makers to add 145-155 MT in fresh capacity at an investment of Rs 1.2 lakh crore by FY27, according to a report. With 570 million tonne (mt) of installed capacity, India is [...]
Negotiation with Chauhan's to acquire their packaged water business Bisleri International has "ceased", Tata group's FMCG arm Tata Consumer Products Ltd (TCPL) said on Friday. Resting the speculations about a possible acquisition, TCPL in a regulatory update said it has not entered into any agreements over the acquisition of Bisleri. "In this regard, the company [...]
Equity benchmarks Sensex and Nifty overcame bouts of volatility to settle in the green for the second straight session on Friday, propped up by robust demand for the metal, banking and financial stocks amid a firm trend in global equities. Besides, a strengthening rupee and lower crude prices in the international markets also influenced sentiments [...]
Formed in 2002, Rail Vikas Nigam Ltd. (RVNL) is a public-sector undertaking under the Ministry of Railways. It is responsible for the implementation of infrastructure projects of the Railways Ministry in India. These projects can be the installation of railroad tracks, their upgrade/changes, railway electrification, building major bridges, and setting up workshops or production units. [...]
India's banking system is expected to remain unscathed from the troubles in Credit Suisse as it has a very small presence in the country, experts said. Although Credit Suisse is more relevant to India's financial system than Silicon Valley Bank (SVB), it has very limited operations, according to a report by Jefferies India. The Switzerland-based [...]
The government on Friday said it is planning to shut down the operation of state-owned Hindustan Insecticides Ltd's (HIL) two plants located in Kerala and Punjab due to losses incurred for the last several years. Minister of State for Chemicals and Fertilisers Bhagwanth Khuba, in his written reply to the Lok Sabha, said: "Yes Sir", [...]
The shares of Jubilant Pharmova Ltd. rallied as much as 14.45% to Rs 318 on Friday after the company announced that the Canadian government has provided an additional loan facility for the expansion of its contract manufacturing site in Montreal. Jubilant Pharmova is an integrated global pharmaceuticals and life sciences company with a market capitalization [...]
The stock of NHPC Ltd. jumped as much as 5.8% to touch the day’s high of Rs 43 per share during the first half of the trading session on Friday. This took the market capitalization of the ‘Mini Ratna’ status hydropower projects developer upwards of Rs 43,000 crore. The increase in the share price of [...]
The shares of Olectra Greentech gained 9.44% on Friday’s early trades to reach an intraday high of ₹ 654.60 apiece on the National Stock Exchange (NSE) after volumes jumped at the counter. 44.12 lakh shares changed hands on the counter by 01:20 PM against 18.43 lakh shares on the previous day. Olectra Greentech is engaged [...]
When it comes to tackling homework assignments for college, the cost of textbooks and study guides adds up quickly. With students spending hundreds of dollars on course materials each semester, finding a way to reduce those costs is anything but pocket change. Enter ChatGPT: the web’s leading artificial intelligence-driven education platform that enables users to [...]
Sterlite Power on Friday said it has bagged a green energy transmission project in Rajasthan. The project was bid out through tariff-based competitive bidding (TBCB) process, a company statement said. Sterlite Power received the Letter of Intent (LoI) from PFC Consulting Ltd to build the project on BOOT (build, own, operate, transfer) basis, for a [...]
The government on Friday said the disinvestment of IDBI Bank is on track as per the defined strategic sale process. Debunking media reports which indicated a possibility of deferment of IDBI Bank disinvestment, the Department of Investment and Public Asset Management (DIPAM) said the stake sale is in the post-EoI stage. "The transaction continues to [...]
Mortgage lender HDFC Ltd on Friday said its board would consider raising funds through non-convertible debentures (NCDs) in tranches aggregating to Rs 57,000 crore. "A meeting of the Board of Directors of the Corporation is scheduled to be held on Monday, March 27, 2023 to consider issuance of unsecured redeemable nonconvertible debentures, in various tranches, [...]
India's largest gas utility GAIL on Friday said it has signed an agreement with Shell Energy India Pvt Ltd to explore ethane sourcing and other opportunities along the energy value chain. GAIL is planning to import ethane from the US to replace natural gas and naphtha as feedstock at petrochemical plants. In a statement, GAIL [...]
With a market capitalization of ₹ 15331 crores, Ajanta Pharma is a small-cap pharmaceutical company that is engaged in the development, manufacturing and marketing of speciality pharmaceutical quality finished dosages. Its shares were trading at ₹ 1195 levels on Friday. The company’s board has approved the proposal of a buy-back of 22,10,500 fully paid-up equity [...]
The shares of Sterling Tools Ltd. surged 9.86% on Friday’s early trades to reach a 52-week high of ₹ 392.60 apiece on the Bombay Stock Exchange (BSE) following a strong business outlook by its management. Sterling Tools is one of the largest automotive fastener manufacturers in India. It entered the electric vehicle (EV) space in [...]
