Karnataka Chief Minister Basavaraj Bommai on Thursday said the State government is bringing in fiscal discipline by restricting deficit to Rs 62,000 crore. The deficit of Rs 62,000 crore is only 2.82 per cent of the Gross State Domestic Product (GSDP), Bommai said adding that the Centre has permitted the fiscal deficit up to 3.5 [...]
Direct-to-Home operator Dish TV on Thursday said it has appointed former bureaucrat Lalit Behari Singhal as an independent director to its board. The company's board, at its meeting held on Thursday, "considered and appointed Lalit Behari Singhal, as an Independent Director of the company with effect from December 29, 2022, for a term of 5 [...]
The country's current account deficit widened to 4.4 per cent of the GDP in the quarter ended September, from 2.2 per cent GDP during the April-June period, due to higher trade gap, as per data released by the Reserve Bank on Thursday "India's current account balance recorded a deficit of USD 36.4 billion (4.4 per [...]
Speciality chemical manufacturer Survival Technologies has filed preliminary papers with markets regulator Sebi to mop-up Rs 1,000 crore through an Initial Public Offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to up to Rs 200 crore, and an Offer For Sale (OFS) aggregating to up to Rs 800 crore by its [...]
State-owned MOIL on Thursday said Ajit Kumar Saxena has assumed charge as its Chairman-cum-Managing Director (CMD). MOIL Director (Human Resources) of the company Usha Singh was given the additional charge as CMD earlier after the retirement of MP Chaudhari on October 31, 2022. According to a regulatory filing, "Singh has ceased to be CMD (additional [...]
Companies with strong fundamentals are vital when it comes to building a strong investment portfolio. These companies reward investors with handsome returns, and keep investments relatively safe, even during bad market conditions, as they have a robust underlying business. Developments in these companies often attract the attention of brokerage firms. Here are two fundamentally strong [...]
Minister for Chemicals and Fertilisers Mansukh Mandaviya on Thursday stressed on the need to promote nano liquid urea in place of conventional granular urea, saying that it is better, cheaper, convenient and will help the government in saving a huge amount of subsidy. In June 2021, cooperative IFFCO launched nano urea as an alternative to [...]
Rama Steel Tubes is a small-cap company with a market capitalization of ₹ 1,509 crores. It operates in the industrial sector and is one of India’s top producers of rigid PVC & GI pipes and steel pipes & tubes. Its shares closed at ₹ 171.70 apiece on Thursday. The company declared a 4:1 bonus issue [...]
Transformers and Rectifiers (India) Ltd on Thursday said it has secured new orders worth Rs 123 from one of the central utilities. With the latest win, the company's order book now stands at Rs 1,513 crore, it said in a regulatory filing. "Transformers and Rectifiers (India) has been awarded orders of transformers for a total [...]
Equity benchmarks closed in the positive territory after trading lower for most part of the session on Thursday on fag-end buying in telecom, banking and metal stocks amid expiry of monthly derivative contracts. The 30-share BSE Sensex climbed 223.60 points or 0.37 per cent to settle at 61,133.88. During the day, it had declined 431.22 [...]
The Sugar stocks continued to rise on Thursday after the government announced high incentives for the company. On December 26th, the Ministry of Consumer Affairs announced a 100 percent incentive on sugar sacrificed for producing ethanol from B-heavy molasses, sugarcane juice, and syrup. On the sweet news, here are two multibagger sugar stocks that rallied [...]
The shares of Bharti Airtel Limited remained in focus on Thursday as the company announced high investments for its 5G service rollout along with its plan to list its payments business. The Indian telecom operator announced that it is making a strategic plan to invest Rs 27,000-28,000 crore in telecom networks with a focus on [...]
NTPC Tamil Nadu Energy Company Limited (NTECL) has paid an interim dividend of over Rs 100.11 crore to NTPC for 2022-23. NTPC Tamil Nadu Energy Company Limited is a 50:50 joint venture of NTPC Limited and Tamil Nadu Generation and Distribution Corporation (TANGEDCO). "NTECL paid second interim dividend of Rs 100,11,68,090 for the year 2022-23 [...]
The wave of consolidation is likely to hit the shores of the country's fast-growing retail industry next year also as larger players seek to strengthen their footprints, leverage technologies to improve efficiency and expand beyond metros. While the growth prospects are promising, the industry is entering 2023 with "cautious optimism" amid inflationary headwinds and concerns [...]
PSUs staged a comeback after a decade of underwhelming performance, driven by the spectacular rally in PSU banks this year. The 13-stock Nifty PSU Bank index climbed a whopping 66.27% on a year-to-date basis, making it one of the best-performing sectoral indices this year. In fact, the surge led the Nifty PSE (Public Sector Enterprises) [...]
Trading currencies can be challenging for traders, thanks to the market’s volatility. Inexperienced traders without outside help run the risk of losing their investment if they don’t understand the market properly. Experienced traders leverage the power of some technical indicators for technical analysis before trading their preferred currencies. What are these technical indicators and how [...]
Nov’22 disbursements grew by 54% year on year • The total disbursals of 30,194 in Nov’22 vs 11,868 in Nov’21 resulted in 154% growth Bajaj Markets, a subsidiary of Bajaj Finserv announced that they have recorded a disbursement of Rs 402 Crores in Nov’22, delivering a 54% year-on-year (YoY) growth. The total disbursals of 30,194 [...]
The shares of Bhagawati Oxygen were locked in an upper circuit of 5 percent at Rs 50.45 levels in the early trading hours on Thursday. In the last five trading sessions, the stock has hit the upper circuit of 5 percent consecutively and gained approximately 22 percent. The covid 19 cases in India and across [...]
Public sector banks appear to be out of the woods as they managed to reduce their bad loans and post record profits this fiscal, a trend which is likely to continue in 2023 also. Robust credit demand and high interest rate regime due to tight monetary conditions globally are also expected to help the profitability [...]
The new emission standard, Bharat Stage TREM IV, for tractors of engine power of over 50 horse power set to kick in from January 2023, will impact around 7-8 per cent of the domestic volume and manufacturers are expected to gradually pass the cost increases to customers, according to ratings agency ICRA. A big proportion [...]
