The shares of ITI Limited, a public sector undertaking zoomed more than 9% on the National Stock Exchange (NSE). At 11:57 AM it was trading at ₹ 111.70 apiece. ITI Limited is a Government of India undertaking that is engaged in manufacturing, trading and servicing telecommunication equipment and rendering other associated and ancillary services. It [...]
Consumer durables retail chain Electronics Mart India Ltd on Wednesday said it has fixed a price band of Rs 56-59 a share for its Rs 500 crore initial public offering (IPO). The initial share-sale will open for public subscription on October 4 and close on October 7, the company said in a statement. The IPO [...]
Online professional network LinkedIn on Wednesday released a list of the top 25 start-ups in India that have shown resilience in an uncertain market environment, and are continuing to innovate in 2022. Topping this year's list is unified payments interface CRED. Valued at USD 6.4 billion, this young start-up maintained its podium position on the [...]
LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year. The state-owned life insurance behemoth in a regulatory filing on Tuesday said its shareholding in BPCL has increased from 15,25,08,269 to 19,61,15,164 equity shares, increasing its shareholding from 7.03 [...]
Film exhibition company PVR Cinemas will invest up to Rs 350 crore to open 100 new screens in FY23, a top official has said. It also expects its mega-merger with Inox Leisure to close by February 2023, after which it will start to run as a combined business, PVR's chief executive Gautam Dutta told PTI [...]
The National Company Law Tribunal (NCLT), Delhi, issued a notice to SpiceJet on an insolvency plea on September 02, 2022. The airline company was directed to respond to it within two weeks, for not initiating insolvency proceedings against it. The case is likely to be heard next on September 30. SpiceJet’s shares closed at 37.90 [...]
The shares of Metro Brands Ltd reached an all-time high of ₹ 948.85 apiece on Tuesday’s intraday trades, on the back of a strong business outlook. The stock surpassed its previous high of ₹ 935, touched on September 23, 2022. This stock forms a part of ace investor Rakesh Jhunjhunwala’s portfolio. As per the latest [...]
Torrent Pharmaceuticals on Tuesday said it will acquire Curatio Healthcare for Rs 2,000 crore to strengthen its presence in the dermatology segment. The company has entered into definitive agreements to acquire 100 per cent of Curatio Healthcare for Rs 2,000 crore, Torrent Pharmaceuticals said in a regulatory filing. "The consideration includes Rs 115 crore (on [...]
Dubai-based Mark AB Capital LLC has picked up 26.48 per cent stake in city-based SEPC (formerly Shriram EPC Ltd) through an equity investment of Rs 350 crore, sources said on Tuesday. The move was part of the SEPC Ltd's restructuring exercise under the stressed asset provisions of the Reserve Bank of India. Mark AB Capital [...]
ICICI Securities is bullish on the shares of Bharat Heavy Electricals Limited (BHEL), a mid-cap Maharatna company. The company’s shares were trading at ₹ 55.15 apiece at 11:35 AM on Tuesday. In its research report dated September 22, 2022, the brokerage has maintained a buy call on the shares, with a target price of ₹ [...]
The markets have been volatile this year with negative cues emanating from the Russia-Ukraine war and the economic slowdown after Covid-19 lockdowns. Globally, central banks have been hiking interest rates in consecutive meetings and this has roiled the markets. The Nifty 50 is a benchmark index that represents the weighted average of 50 of the [...]
The markets remain volatile and in the red as the fear of recession has gripped the market. Amid the turmoil, investors turn to stocks that hold their ground. A defensive stock is a stock that provides consistent dividends and stable earnings regardless of the state of the overall stock market. Here are two defensive stocks [...]
Bonus shares are additional shares that are issued by the company to the existing shareholders without any additional cost. These shares are generally issued in a ratio determined by the board of directors. The record date is a cut-off date that determines the eligibility viz an investor should own the share on the record date. [...]
Small Cap World Fund on Monday acquired software company Mastek Ltd's shares worth over Rs 96 crore through an open market transaction. According to bulk deal data available with BSE, SmallCap World Fund Inc purchased 5,49,676 shares of the company, amounting to a 1.82 per cent stake in the firm. The shares were bought at [...]
Even as MCX decided not to renew its software contract with 63 Moons after September 30, the commodity bourse expects glitch-free trading till its transition to a new trading platform from TCS over the next three-four months. Meanwhile, 63 Moons Technologies, the trading platform vendor to the exchange, in exchange filings on Monday said, MCX [...]
Are you looking for strategies to save money on bike maintenance? Is the cost of repairing and replacing your bike depleting your savings? If so, you've come to the right place for assistance. We've compiled a list of the top seven bike maintenance suggestions. 1. Check The Tyres The bike's tyres are the most important [...]
Five Alternative Investments: When most people think about investing, stocks, bonds, and cash are usually the first things that come to mind. Alternative investment news covers various topics, from hedge funds and private equity to real estate investing. This type of news can benefit investors looking to diversify their portfolios or find new opportunities. But [...]
Despite a high double-digit demand growth, the profitability of cement companies is set to fall by 15 per cent because price hikes lag increase in production cost, according to a report. The report by rating agency Crisil, however, said that higher demand will cushion the credit outlook for the sector. Operating profitability of cement makers [...]
A company generally splits its shares when it looks to enhance the liquidity of the stock in the market. After a split the number of shares outstanding increases keeping the total market capitalization the same. The ownership of shares on the record date which is set by the board determines the eligibility of investors. Here [...]
IT stocks are reeling under selling pressure. The Nifty IT index hit a 52-week low of 26,186.70, falling below its previous low of 26,189.40 points, touched on July 15, 2022. Homegrown technology major, Tata Consultancy Services (TCS), shares hit a 52-week low of ₹ 2,926.10, during morning trades on Monday amid heavy volumes. Later the [...]
