Indian conglomerate Vedanta and electronics manufacturing giant Foxconn signed a Memorandum of Understanding with the Gujarat government on Tuesday to set up a semiconductor and display FAB manufacturing unit in the state. The MoU was signed in the presence of Minister for Railways, Communications, Electronics & Information Technology, Ashwini Vaishnaw, at a function held in [...]
UK-based investment company Abrdn is planning to sell up to 4.3 crore sales representing 2 per cent of HDFC Life Insurance Company's outstanding shares through a block deal to raise over Rs 2,425 crore, according to merchant banking sources. The Edinburgh-based company, which was formerly known as Standard Life Aberdeen, has offered the shares in [...]
If you're looking to enter the forex market, you must have the skills necessary to succeed. This market can be volatile and risky, so you must know what you're doing before you start trading. To get training in the forex market, you can watch forex video tutorials and educate yourself about the diverse topics forex [...]
On Monday, the BSE Sensex ended the day 312.26 points higher or 0.52 per cent at 60,105.40. While the broader Nifty50 added 97.50 points or 0.55 per cent to close at 17,930.80. Amid the rising markets, here are some stocks that are recommended by analysts for an upside of up to 65%: Balaji Amines Limited [...]
The issue of bonus shares is a corporate action in which additional shares are given to eligible shareholders without any additional cost, based upon the number of shares that a shareholder owns. A bonus issue usually happens when the share price of the company is too high, to increase the liquidity of its shares, or [...]
Starlineps Enterprises Limited’s shares surged 19.97 percent on Monday’s early trades to reach a fresh all-time high of ₹ 124.65 apiece on the Bombay Stock Exchange (BSE). The wholesale B2B company is engaged in the business of precious stones and jewellery. The company’s shares were trading at ₹ 122.35 apiece at 12:18 PM on Monday. [...]
The shares of Ruby mills inched up by 1.1 percent and were trading at Rs 672 till 11.50 am on Monday. The shares reached its all time high of Rs 687 last week on Friday. In a month, the stock has gained approximately 48 percent. In January 2022, the stock was trading at Rs 264 [...]
Shares of Mahindra Lifespace Developers touched its 52-week high in the morning trade on Monday after the realty firm said it is looking to acquire a few land parcels this fiscal to build housing projects. Shares of the company opened at Rs 541.95 on Monday, then gained 2.37 per cent to touch Rs 550.40, its [...]
After a flat start on Monday, headline indices BSE Sensex and NSE Nifty 50 gained 361 points (0.61%) and 103 points (0.59%) respectively. The thirty-share index was at 59164 points while the fifty-share index was at 17642 points. On Friday, the benchmark indices extended gains, led by IT shares. However, losses in oil & gas [...]
Growth stocks are the stocks of those companies that demonstrate a high potential for development. When investors purchase these shares, it can lead to massive wealth accumulation for them. They usually provide better returns than the prevailing rate of inflation. When these stocks have a market capitalization of anywhere between ₹ 5,000 crores to ₹ [...]
The shares of Zomato Limited were trading 2.2 per cent higher till the afternoon on Friday at Rs 62.75 levels. In the past month, the stock has been volatile and gained more than 12 per cent. In the past six months, the stock has shed more than 21 per cent of its value. On a [...]
Trading in the domestic equity market this week will be largely driven by a host of macroeconomic data announcements and global trends, analysts said. Industrial production data for July and inflation rate for August are scheduled to be announced on Monday. Besides, wholesale price index (WPI) inflation data will be released on Wednesday. "The direction [...]
Adani Group's Rs 31,000-crore open offer to acquire 26 per cent additional stakes in Swiss firm Holcim's two Indian listed entities ACC Ltd and Ambuja Cements closed on Friday amid lacklustre response from public shareholders. According to the latest regulatory filing by ACC Ltd, till 6.40 pm on Friday, around 40.51 lakh equity shares were [...]
The shares of SML Isuzu Limited declined by 2.2 per cent and closed at Rs 784 in Friday's trading session. In the past five days, the stock has gained more than 3 per cent and in a month it has jumped by approximately 15 per cent. The stock reached its 52-week high of Rs 848.90 [...]
Billionaire Mukesh Ambani's Reliance Industries Ltd has acquired polyester chips and yarn manufacturer Shubhalakshmi Polyesters Ltd for Rs 1,592 crore, the company said in a stock exchange filing. "Reliance Petroleum Retail Ltd (under name change to 'Reliance Polyester Ltd'), a wholly owned subsidiary of the company, today executed definitive documents to acquire polyester business of [...]
The Cyber Crime wing of Uttar Pradesh Police on Friday said it has arrested one person in connection with a Rs 1.84-crore cryptocurrency fraud. The Mumbai-based accused was arrested by officers of the Cyber Crime police station, Noida, for allegedly duping a Meerut-based businessman on the pretext of investment in cryptocurrency. During the probe, it [...]
Automobile major Maruti Suzuki will consider the SUV segment as a key area to lift its overall market share in the country. The company’s overall market share is under 45% currently and the target is to lift it to 50%. Shashank Srivastava, Senior Executive Director, Maruti Suzuki said that in the non-SUV segment, the company [...]
Budget carrier SpiceJet on Friday said it has appointed Ashish Kumar as its Chief Financial Officer. Kumar's appointment for the post is effective from September 9, SpiceJet said in a statement. Kumar succeeds Sanjeev Taneja, who quit the struggling carrier on August 31. Before joining the Gurugram-based low-cost airline, Kumar was serving as vice president [...]
Bharat Earth Movers Limited (BEML) is hiving off its land assets business from its core business. This will help it to specify the real value of its core business and fixed assets separately, in order to fast-track privatization. The state-run player’s shares are currently locked at ₹ 1614.05 apiece on the National Stock Exchange (NSE). [...]
Dolly Khanna Portfolio: The shares of Tinna Rubber and Infrastructure Ltd opened at a 5 per cent upper circuit at ₹ 633.70 apiece on Friday. They were locked at a 5 per cent upper circuit on Thursday as well. Tyre stocks have vroomed and are in the limelight. The sector’s improved pricing power is said [...]
