The shares of SBI Life Insurance Co. were trading for Rs 1,275 a piece, almost flat for the day during the first half of the trading session on Thursday. In the last six months, the stock has generated a return of 15.38% for its shareholders. It has trailed the benchmark Nifty50 index which has returned [...]
“The Indian automotive market is poised for rapid Electric Vehicle (EV) growth, due to the convergence of factors including government incentives, improving cost-competitiveness and original equipment manufacturer (OEM) investment, along with increased customer readiness and awareness,” according to a report by Bain & Company. The revenue pool of the industry is expected to reach a [...]
Kravis Investment Partners II LLC on Thursday offloaded shares of e-commerce beauty company Nykaa for a little over Rs 629 crore through open market transactions. As many as 3.67 crore shares of FSN E-Commerce Ventures, which runs Nykaa, were sold by Kravis Investment Partners II LLC in five tranches at a price of Rs 171 [...]
The sale of government's up to 5 per cent stake in IRCTC got over-subscribed on the first day of the offer, with institutional investors putting in bids worth Rs 3,800 crore. In the two-day offer-for-sale (OFS), the government is selling 4 crore shares or 5 per cent stake in Indian Railway Catering and Tourism Corporation [...]
Equity benchmarks Sensex and Nifty faced heavy drubbing on Thursday, falling over 1 per cent each, in tandem with weak global markets following the US Federal Reserve's interest rate hike and its hawkish stance. The 30-share BSE Sensex tanked 878.88 points or 1.40 per cent to settle at 61,799.03. During the day, it tumbled 962.3 [...]
The rupee declined by 27 paise to close at 82.76 (provisional) against the US dollar on Thursday after the US Federal Reserve's interest rate hike and its hawkish stance dented investor sentiments. A massive sell-off in domestic equities and a strong greenback overseas also weighed on the local unit, forex traders said. At the interbank [...]
Crude oil prices and diesel marketing margins witnessed sharp corrections to ₹ 3.5 per litre to ₹ 13 per litre in H1FY23, as international diesel prices corrected to $103/bbl after reaching a high of $170/bbl in Mar 2022. As a result, analysts at brokerage firm Prabhudas Lilladher upgraded the shares of three oil marketing companies [...]
The shares of Kamat Hotels (India) Ltd., a chain of luxury hotels and hospitality were trading at Rs 109.20 per share as of 13:20 IST. Kamat Hotels is a small-cap company with a market capitalization of Rs 257 crore. Kamat Hotels has been a multi-bagger stock this year. Its shares have generated multi-bagger returns of [...]
The shares of Gulshan Polyols Limited opened 9 per cent higher at Rs 267.70 as against its previous close of Rs 245.75. This came after the company won an order worth Rs 137 Crore to supply 22,209.2 Kilolitres of Ethanol from its Boregaon Plant to multiple Oil Marketing Companies (OMCs) including Bharat Petroleum Corporation Ltd, [...]
Prabha Narasimhan, former senior executive director at HUL took over as Colgate-Palmolive’s early September this year. She disclosed her plans for the growth of the FMCG giant in the recent annual analysts' meet. Under her stewardship, Colgate-Palmolive plans to grow its oral care business with a focus on premiumization and likewise focus on the non-oral [...]
The shares of General Insurance Corporation of India Ltd. (GIC Re) rallied 10% on the bourses today to hit their day’s high of Rs 175.90. The stock has gone up over 20% in the previous two trading sessions. The six-month performance has been impressive as well. It has generated an attractive return of 57% for [...]
Poonawalla Fincorp, the non-banking arm of the vaccine major Cyrus Poonawalla Group, on Wednesday announced sale of its housing subsidiary Poonawalla Housing Finance to private equity major TPG for Rs 3,900 crore. The transaction, subject to regulatory approvals, is being carried out by TPG global arm Perseus SG, the statement said, adding the deal will [...]
Even as macro headwinds impact performance of textile players across segments in the second quarter of 2022-23, the companies are expected to witness a healthy turnover in this financial year, Icra said in a report. Icra said it expects textile companies to report healthy growth in turnover in FY23 while the margins are expected to [...]
General Atlantic Singapore Fund PTE sold a stake in IIFL Wealth Management. However, its shares were in the green. They were trading at ₹ 1826.65 apiece at 11:47 AM on Wednesday. According to the bulk deals data available on the National Stock Exchange (NSE), General Atlantic Singapore Fund PTE sold 31,15,981 shares of the company [...]
Project Management is a process of leading the work of a team to achieve a goal within agiven time bound. Software in project management is committed to the planning, scheduling,resource allocation, execution, tracking, and delivery of software and web projects. Jira is a piece of software that teams may use to monitor issues, manage projects, [...]
One97 Communications, the parent company of payments solutions firm Paytm, on December 12 approved a share buyback plan of ₹ 850 crores, priced at ₹ 810 per share. Its shares were trading at ₹ 530 levels on Wednesday. “The approval of the Board be and is hereby granted for the buy-back by the Company of [...]
The CBI has booked three Jalgaon-based jewellery companies for alleged loan fraud of over Rs 352 crore in the State Bank of India, officials said on Wednesday. In three separate FIRs, the agency has named Rajmal Lakhichand Jewellers Pvt Ltd, RL Gold Pvt Ltd, and Manraj Jewellers Pvt Ltd, and their promoters-directors-guarantors -- Ishwarlal Shankarlal [...]
The National Stock Exchange (NSE) on Wednesday asked investors not to subscribe to any scheme with assured returns offered by an individual named Jay Prakash. The advisory comes after the NSE found that the individual was collecting funds from the public and was providing guaranteed returns on investment. He was also offering to handle trading [...]
Tata Group companies are known for their consistent returns to their shareholders. But it has been almost 2 decades since the last Tata company IPO hit. That was in 2004 when Tata Consultancy Services or TCS, the crown jewel of the salt to the software industry. Investors can rejoice, as the Tata Group is planning [...]
Financial services platform KFin Technologies on Wednesday said it has fixed a price band of Rs 347-366 a share for its Rs 1,500-crore initial share sale, which will open for public subscription on December 19. The three-day initial public offering will conclude on December 21, and the bidding for anchor investors will take place on [...]
