We believe that value buying is the theme of 2023, with a focus on domestically oriented sectors and buying on dips. Fair valuation, steady earnings, and a robust demand scenario will be the cutting parameters." Geojit Financial services “The trend for the short term is likely to remain bullish as long as it remains above [...]
The year 2022 has just ended. And like last year, Trade Brains is presenting Stock Market Awards 2022. Here are the winners of the Stock Market awards for this year: 1. Best Stock 2022 (People's Choice) The winner of the best stock 2022 prize is ITC. It gave a return of 51.60% in 2022. 2. [...]
Homes that offer the best of nature and city life are often a rarity. Especially in metropolitan cities like Mumbai, most homes are a dot in the concrete landscape that grows larger with every decade. Since the city is home to so many residentials, companies, and industries, it has spurred the need for smart residentials [...]
Hero MotoCorp on Friday said it has commenced customer deliveries of its first electric scooter VIDA V1. The first electric vehicle of the brand was delivered in Bengaluru. Deliveries in Jaipur and Delhi will follow, the company said in a statement. "Our vision with VIDA is to establish future oriented mobility trends that will benefit [...]
Registration of properties in Mumbai city rose 9 per cent year-on-year during 2022 calendar year to nearly 1.22 lakh units -- highest in the last one decade -- on better demand, according to Knight Frank India. As per the data compiled by real estate consultant Knight Frank India, the registration of properties in Mumbai city [...]
Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, [...]
Debt-ridden Religare Finvest Ltd (RFL) on Friday said it has signed a settlement agreement with all its lenders for a one-time settlement, clearing the deck for the NBFC to exit from the Corrective Action Plan imposed by the RBI. Religare Enterprises, the parent company of RFL, has entered into an agreement in connection with the [...]
The government's fiscal deficit at the end of November touched 59 per cent of the full year budget estimate, according to data released by the Controller General of Accounts (CGA) on Friday. In actual terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 9,78,154 crore during the April-November period of [...]
Tamilnad Mercantile Bank Ltd (TMB) has drawn up plans to strengthen itself by opening up additional branches across the country in the near future, said a top official of the bank on Friday. The over-a-century old bank recently inaugurated its 510 and 511th branches here and in Salem respectively. "Upon being listed on the stock [...]
Benchmark BSE Sensex and NSE Nifty pared all intra-day gains to end the last trading day of the year on a bearish note due to fag-end selling amid early losses in the European markets. The 30-share BSE Sensex fell 293.14 points or 0.48 per cent to settle at 60,840.74 on Friday. During the day, it [...]
The shares of Lotus Chocolate Company Ltd were locked in an upper circuit of 5 percent at Rs 122.95 levels on Friday. In the last five days, the shares of the company have been hitting the upper circuit and have gained approximately 25 percent. The stock gained after Reliance Retail, the retail arm of Reliance [...]
In a bid to give a fillip to mine tourism, eight eco-parks have been constructed recently in different parts of the country and two more will be completed in the ongoing financial year, the government said on Friday. The said eco-parks are being developed on reclaimed land. Coal and mines minister Pralhad Joshi had inaugurated [...]
Shareholders of Dish TV have again rejected the proposal for the adoption of audited standalone and consolidated financial statements for FY21 and FY22 in the AGM held on Thursday. Earlier, the shareholders of the Direct-to-Home service provider had rejected the proposals to approve the balance sheet of the company for the last two fiscals in [...]
Multilateral funding agency Asian Development Bank (ADB) has sanctioned USD 100 million (about Rs 830 crore) to Shriram Finance Limited (SFL) to provide vehicle loans to women entrepreneurs. The USD 100 million External Commercial Borrowing (ECB) is a five-year loan and is under SFL's Social Finance framework to provide credit towards the purchase of new [...]
Reliance Industries Ltd and its partner bp plc of the UK have sought bids for the sale of natural gas from the eastern offshore KG-D6 block at a price linked to the rate at which LNG is delivered to Japan and Korea. The two partners invited bids for the sale of 6 million standard cubic [...]
A total of 19,478 road accidents occurred in 2021 due to loss of control by the driver due to inappropriate speed, distraction or misjudging a curve, which claimed 9,150 lives while 19,077 people were injured, according to a report released by the Ministry of Road Transport and Highways (MoRTH). The report titled 'Road accidents in [...]
The Adani Group on Friday said it has acquired 27.26 per cent equity stake in NDTV from Prannoy Roy and his wife Radhika Roy -- founders of the news broadcaster. "RRPR, an indirect subsidiary of the company and member of the promoter/promoter group of NDTV, has acquired a 27.26 per cent equity stake in NDTV [...]
The commerce ministry has sought a reduction in the import duty on gold in the forthcoming budget with a view to push exports and manufacturing of the gems and jewellery sector, sources said. In July this year, the centre hiked gold import duty to 15 per cent from 10.75 per cent to check the current [...]
The insurance sector in India got a boost recently after the finance ministry proposed amendments that would allow insurers to obtain a common license for all insurance businesses instead of multiple licenses that are currently required to sell insurance products. In addition to that, the government will now allow the distribution of other financial products [...]
The cryptocurrency market arose spontaneously and, in fact, is still in its infancy. The reputation of a relatively young financial industry is no longer perfect. Ideally, the decentralization and anonymity of cryptocurrencies, combined with the lack of control by government agencies, including intelligence agencies, should serve the benefit of humanity. In practice, these opportunities are [...]
