Shares of Radiant Cash Management Services ended with over 13 per cent gain in its debut trade on Wednesday against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. During the day, it jumped 24.14 per cent to [...]
The shares of Equitas Small Finance Bank opened 5 percent higher at Rs 62 as against its previous close of Rs 59.35. It further zoomed by 2 percent to scale up to a new 52-week high of Rs 63.90. The shares zoomed after the SBI Funds management got approval from the Reserve Bank of India [...]
Telecom infrastructure company Indus Towers on Wednesday said it has appointed Prachur Sah as managing director and chief executive officer of the company with effect from January 3, 2023. The position had been vacant since the resignation of Bimal Dayal in July. Prior to his appointment as MD and CEO of Indus Towers, Sah led [...]
Public sector Indian Overseas Bank (IOB) on Wednesday said Sanjay Mudaliar has joined the bank as its executive director with immediate effect. Prior to taking up this responsibility, he was in Bank of Baroda serving as its chief general manager and chief technology officer. He was a postgraduate in science and technology and a certified [...]
The government on Wednesday approved Rs 2,614.51 crore investment for the 382 MW Sunni Dam Hydro Electric Project by state-owned SJVN Ltd in Himachal Pradesh. "The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved the investment for 382 MW Sunni Dam Hydro Electric Project in Himachal Pradesh by SJVN Ltd, [...]
Blue Chip stocks are the shares of large and reputable companies that have an enviable market capitalization. These companies are known to be financially sound, well-established, and have dependable earnings. Investing in the stocks of such companies is a great way to earn good returns with a lower risk of loss. Not all blue-chip companies [...]
Market benchmarks Sensex and Nifty tumbled 1 per cent on Wednesday amid continuous foreign fund outflows and a weak trend in index majors Reliance Industries and HDFC Bank. The 30-share BSE Sensex slumped 636.75 points or 1.04 per cent to settle at 60,657.45. During the day, it declined 700.64 points or 1.14 per cent to [...]
The Union Cabinet on Wednesday approved the National Green Hydrogen Mission with an outlay of Rs 19,744 crore with an aim to make India a global hub for manufacturing of this clean source of energy. "The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved National Green Hydrogen Mission," Union Minister Anurag Thakur said [...]
Power regulator Central Electricity Regulatory Commission (CERC) has decided to fully compensate the power producers running imported coal-based plants for higher running costs required for supplying electricity under forced circumstances. The CERC order will come as a relief for imported coal-based power plants which ran to full capacity under the directions of the Ministry of [...]
2022 was a stellar year for the Indian stock market as it outperformed most of its peers in the face of adversities. In fact, the benchmark indices, the BSE Sensex and the NSE Nifty 50 clocked fresh record highs in December 2022. Within six months after touching its 52-week low of 50,921.22 points on June [...]
The National Company Law Appellate Tribunal on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. A two-member bench admitted the petition filed by Google against the Competition Commission of India (CCI) penalty. It, however, declined to grant any immediate stay [...]
The shares of Railtel Corporation of India traded 3 percent higher at Rs 130.80 levels till the afternoon after the company announced multiple work orders that it has received recently. The company received the work order from South Eastern Coalfields Limited for providing MPLS VPN services at 529 Locations under the SECL Command Area for [...]
The government-backed National Asset Reconstruction Company Ltd has taken lead in taking over two stressed entities of the Srei group as it submitted the "highest net present value bid of Rs 5,555 crore" among bidders, an official said on Wednesday. NARCL's net present value bid, submitted in the 10-hour-long "challenge mechanism" conducted by the committee [...]
The shares of karnavati Finance Ltd opened higher on Wednesday and gained as much as 2 percent in the early hours to reach a time high of Rs 175. The share zoomed after the board of directors of the company approved a stock split. The board of directors has approved the split in the ratio [...]
Ahead of the Global Investors Summit, the Uttar Pradesh government has signed initial pacts worth Rs 19,265 crore with firms in the US and Canada. A the team under the leadership of Assembly Speaker Satish Mahana and Animal Husbandry Minister Dharampal Singh showcased the state before investors in the US and Canada and held about [...]
The Fertilizer sector in India has been the focus for some time now. As we approach the budget meeting that is supposed to be held on February 1st, 2023 Indian investors turn more optimistic about the sector's prospects. There have been speculations that the government might increase its subsidy for urea in the upcoming Budget. [...]
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Shares of Radiant Cash Management Services made its market debut with nearly 10 per cent premium against the issue price of Rs 94. The stock listed at Rs 99.30, registering a gain of 5.63 per cent against the issue price on the BSE. It further jumped 15.37 per cent to Rs 108.45. At the NSE, [...]
The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion [...]
The shares of Orient Cement shot up 21% in the past two days amid news that the Adani Group is eyeing a stake in the company. Its shares shot up from ₹ 123 levels to reach a high of ₹ 148.70 on Wednesday. The news appeared on www.tradingview.com dated January 3, 2023 quoting "Adani Group [...]
