State gas utility GAIL (India) Ltd on Monday reported 90 per cent drop in December quarter net profit after it suffered losses in petrochemical and natural gas marketing business. Consolidated net profit of Rs 397.59 crore in October-December 2022 is compared with Rs 3,800.09 crore earning in the same period a year back, according to [...]
Air India on Monday said it will use UK-headquartered Ideagen's enterprise cloud software application Coruson to help enhance safety management and facilitate real-time reporting of in-flight incidents. The Tata group-owned airline's announcement also comes against the backdrop of at least three incidents of unruly passenger behaviour on two international flights last year, for which aviation [...]
Data Patterns (India)’s share price shot up 18.53% on Monday’s early trades to reach an intraday high of ₹ 1,379.00 apiece after the company reported a strong performance in the December quarter. Its shares were trading at ₹ 1350.00 apiece, up 16.04% at 12:41 PM. Data Patterns was one of the biggest gainers in the [...]
Drug major Sun Pharmaceutical Industries on Monday said it has acquired three anti-inflammatory brands from Mumbai-based Aksigen Hospital Care. The company has acquired Disperzyme, Disperzyme-CD and Phlogam as part of the deal. All the brands are approved by the Drugs Controller General of India (DCGI) for post-operative inflammation in patients undergoing minor surgery and dental [...]
The government has given six months more time till July 15 to edible oil makers, packers and importers to mention net quantity in terms of volume and weight on the labels instead of temperature at the time of packing, as part of efforts to curb unfair business practices. Earlier, the entities were given the deadline [...]
The shares of AGI Greenpac, a packaging Products Company, opened at Rs 326.95, a gap up of 7 percent against its previous close of Rs 305.70. It further gained 4 percent to an intra-day high of Rs 340 in the early hours of Monday. he shares shined on strong Q3 numbers. AGI Greenpac Limited (formerly [...]
The Adani Group responded to the allegations made by short-seller Hindenburg Research on Sunday, calling the report a false narrative written with malafide intent and without an understanding of Indian laws. Despite that, most of the Adani group stocks started the week by trading in the red. However, here are 2 Adani group stocks that [...]
The shares of Sterlite Technologies gained 6.14% on Monday’s early trades to reach an intraday high of ₹ 185.75 apiece on the National Stocks Exchange (NSE), after reporting turnaround Q3 numbers for the latest quarter. They were trading at ₹ 182.60 apiece, (up 4.34%) at 11:28 AM. The company’s revenue from operations surged 46.23% to [...]
South Korea on Monday said India is undeniably a global powerhouse and that the Indian presidency of G20 will unleash its potential and pay heed to insights and feedback from members and contribute to the international community. The statement came from a representative of South Korea who was speaking at the inaugural ceremony of the [...]
The 'Trade-plus-One' (T+1) settlement cycle has been effectively implemented in the top listed securities in India from January 27th, 2023. Market experts believe that the T+1 settlement system will allow the money cycle to move faster without waiting for an extra day. Here are 7 stocks that will trade ex-dividend next week: CCL Products India [...]
Shares of Adani group firms were trading on a mixed note in morning trade on Monday, with flagship Adani Enterprises climbing 10 per cent even as most of the group companies fell, a day after it released a 413-page response to allegations of wrongdoing brought by a US-based short seller Hindenburg Research. Most of the [...]
Bitcoin and Ethereum are two of the most popular and widely used cryptocurrencies in the market. Both have their own unique features and serve different purposes. Bitcoin is considered the first and most well-known cryptocurrency, primarily used as a store of value and medium of exchange. It has a fixed and limited supply of 21 [...]
Wadia group-owned Go First expects to receive Rs 210 crore under the government's credit line guarantee scheme next month as the budget airline seeks to boost its financial position and expand operations. The airline, which received Rs 210 crore from the promoters last month, aims to have 53 operational aircraft in its fleet by the [...]
The West Bengal government is likely to place the state budget for the 2023-24 fiscal in the assembly on February 15, a minister said on Sunday. The budget session of the assembly will begin on February 8. Minister of State (Independent Charge) for finance Chandrima Bhattacharya said, "Possibly, the state budget will be placed on [...]
Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. Contour's network uses decentralised technology (blockchain) to bring together companies, banks and ecosystem partners, onto a trusted network, to help create a streamlined digital [...]
British Prime Minister Rishi Sunak on Sunday fired one of his Cabinet ministers and Conservative Party chairman, Nadhim Zahawi, after he was found to have been in "serious breach" of the Ministerial Code on how he handled his personal tax affairs. Zahawi, who was a minister without portfolio as the chief of the governing Tory [...]
US short seller Hindenburg Research has rejected Adani Group's charge that its report was an attack on India, saying a "fraud" cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, Hindenburg said [...]
More than half of households in a survey conducted online across 309 districts expect a decline in their income by up to 25 per cent and dip in savings, and are looking for relief in the coming budget, online platform LocalCircles said on Sunday. The survey, conducted between November 25 and January 25, found that [...]
Richest Indian Gautam Adani's group on Sunday likened the damning allegations made by short seller Hindenburg Research to a "calculated attack" on India, its institutions and growth story, saying the allegations are "nothing but a lie". In a 413-page response, Adani Group said the report was driven by "an ulterior motive" to "create a false [...]
For equity investors, the Union Budget for 2023-24 and the US Fed's interest rate decision will be the major events to watch out for this week, analysts said. The ongoing earnings season, global market cues, domestic macroeconomic data announcements and auto sales numbers would also influence trading in the market, they added. "The Union Budget [...]
