It has been a consistent, upward journey of returns as the benchmark Nifty 50 has rallied 19.42% in the last six months. During the same period, the 30-stock BSE Sensex advanced the same registering gains of 19.40%. As the markets trade at all-time highs, market experts are given mixed reviews. Here are four stock recommendations [...]
The Uttar Pradesh government has signed an agreement with the US-based Austin University for the construction of a Smart City of Knowledge in the state, officials said here on Sunday. To be built on 5,000 acres of land at a cost of USD 42 billion, the Knowledge City will include the best universities of the [...]
Italian superbike maker Ducati on Monday said it will hike the prices of its entire range of motorcycles in India from January 1. The company, however, did not disclose the quantum of the hike. Ducati India announces an increase in price on its entire motorcycle range to be effective on ex-showroom price from January 1, [...]
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Glenmark Pharmaceuticals Ltd on Monday said it has received final approval from the US health regulator for its generic nicardipine hydrochloride capsules used to treat high blood pressure and to control angina. The approval granted by the US Food & Drug Administration (USFDA) is for bicardipine hydrochloride capsules of strengths 20 mg and 30 mg, [...]
Equity benchmarks climbed in early trade on Monday, bouncing back after falling in the previous two trading sessions. The 30-share BSE benchmark Sensex advanced 127.48 points to 61,465.29 after a positive beginning. The broader NSE Nifty climbed 37.85 points to 18,306.85. From the Sensex pack, Power Grid, ITC, Bharti Airtel, Nestle, Bajaj Finserv, Bajaj Finance, [...]
Markets are likely to remain in the consolidative range due to a lack of triggers in the near term. Also, lower participation from institutional investors due to upcoming year-end holidays would keep the markets lackluster. On the sectoral front, sugar stocks are likely to remain in the limelight after the news is reported, the government [...]
Yes Bank has concluded assignment of the Rs 48,000-crore stressed asset loan portfolio of the bank to JC Flowers Asset Reconstruction company. The bank had earlier declared JC Flowers Asset Reconstruction Private Limited (JC Flowers ARC) as the winner of the Swiss Challenge process for sale of its identified portfolio of stressed assets. "The bank [...]
Experts say that September quarter earnings turned out to be better than market expectations. In fact, a few companies reported more than a 100% increase in their net profit and their sales grew by more than 50% on a year-on-year (YoY) basis. Here are four companies whose profits more than doubled YoY (increased by more [...]
IT company Tech Mahindra will sell its entire stake in its the Netherlands-based subsidiary Dynacommerce Holdings BV to its step-down subsidiary Comviva Netherlands for about Rs 58 crore, the company said in a regulatory filing. The agreement for the deal is expected to be signed during the first week of January 2023 and the transaction [...]
The issue price for the next tranche of Sovereign Gold Bond Scheme 2022-23, which will open for subscription for five days from Monday, has been fixed at Rs 5,409 per gram of gold, the Reserve Bank of India said on Friday. The Sovereign Gold Bond Scheme 2022-23 - Series III will be open for subscription [...]
The promoter of engineering firm GMM Pfaudler on Friday divested 17.3 per cent stake in the company for Rs 1,324 crore through open market transactions. Pfaudler Inc offloaded a total of 77,85,819 shares on both BSE and NSE, amounting to 17.32 per cent stake in the company, as per bulk deal data available with the [...]
The Reserve Bank of India has asked Razorpay and Cashfree to temporarily stop the onboarding of new customers for their payment processing business, according to a source. On the banking regulator's order, Razorpay said it is a temporary move and has no impact on Razorpay's existing business operations and current merchants. "RBI has issued an [...]
The shares of Hindustan Foods Ltd gained more than 3 per cent till the afternoon on Friday and were trading at Rs 721 levels. In the past five days, the stock has gained approximately 9 per cent while in the span of a month, the stock has rallied by more than 18 per cent. Hindustan [...]
The rupee dropped 9 paise to close at 82.85 (provisional) against the US dollar on Friday amid heavy selling pressure in domestic equities and a strong greenback overseas. However, receding crude oil prices capped the rupee's loss, forex traders said. At the interbank foreign exchange market, the rupee opened sharply lower at 82.84 against the [...]
The BSE Sensex spiralled lower for the second straight session on Friday, in lockstep with other global markets after a host of central banks hiked interest rates and indicated more policy tightening to cool inflation even at the cost of economic growth. A weakening rupee amid foreign fund outflows further crimped risk appetite. The 30-share [...]
City gas distribution company IRM Energy Ltd has filed preliminary papers with capital markets regulator Sebi to raise up to Rs 700 crore through an initial public offering (IPO). The IPO is a fresh issue of up to 1.01 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP). The Ahmedabad-based [...]
Block deals worth Crores were executed on BSE after institutional investors traded shares of FSN E-Commerce Ventures Ltd Nykaa. Kravis Investment Partners sold its entire stake of 1.13 per cent or 3.67 crore shares of FSN E-Commerce Ventures for around Rs 629 crore through open market transactions on December 15th. As per the data available [...]
Patel Engineering on Friday said its board has approved raising funds worth up to Rs 350 crore through a rights issue. The go-ahead was given during a meeting of the company's board held on Friday. "The board of directors of the company....approved the raising of funds, through issuance and allotment of equity shares having face [...]
The shares of Madras Fertilizers Limited opened 3 per cent higher on Friday at Rs 75.55 as against its previous close of Rs 73.65. In the early hours, it further gained 15 per cent to reach its new 52-week high of Rs 87.75. Madras Fertilizers Limited is a Public Sector Undertaking that is engaged in [...]
