The flagship entity of the Adani Group - Adani Enterprises replaced Shree Cement in Nifty 50, the National Stock Exchange’s (NSE) benchmark index. These changes are based on factors including the free float market capitalization of the companies. This inclusion could lead to a net inflow of around $213 million on Adani Enterprises’ counter, however, [...]
Companies have started to come up with their Initial Public Offering (IPO) after a halt of approximately three months. In the past four weeks, two mainboard IPOs have hit the market. The third and upcoming IPO is floated by Tamilnad Mercantile Bank Limited. It is looking to raise Rs. 831.60 Crores from the markets. The [...]
Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday. "Today, Indian Oil fetched a competitive price of a 5-year unsecured NCD issue at an annual fixed coupon of 7.14 [...]
The shares of NTPC Limited climbed 3.55 per cent on Friday’s early trades to reach a fresh 52-week high of ₹ 166.40 apiece. The company’s shares were among the top gainers on Sensex amid reports that ArcelorMittal, Brookfield and Canada Pension Plan Investment Board were some of the entities that expressed interest to purchase a [...]
The Indian automakers see robust growth in their sales as the festive season has arrived in India. The shortage of semiconductors which crippled the industry for the last two years is finally easing. With things turning positive for the industry, here are two auto stocks that are at a 52-week high after reporting a strong [...]
Laxman Narasimhan, a veteran in leading and advising global consumer-facing brands, has been named as the new CEO of coffee giant Starbucks, joining a growing cohort of Indian-origin business leaders at the helm of global corporations. Narasimhan, 55 was previously the CEO of UK-based Reckitt Benckiser, a multinational consumer health, hygiene and nutrition company. Starbucks [...]
The IMF on Thursday announced that it will provide Sri Lanka a loan of about USD 2.9 billion over four years under a preliminary agreement to help the bankrupt island nation tide over its worst economic crisis and protect the livelihoods of the people. Sri Lanka is going through its worst economic crisis since its [...]
Electric mobility firm Olectra Greentech on Thursday said its board has approved a plan to raise up to Rs 800 crore through issuance of securities. The company is looking to raise the amount through issuance of equity shares and /or through sale of securities convertible into equity shares. These could include issuance of warrants through [...]
The shares of Dangee Dums Limited opened at Rs 409 and scaled by approximately 12 per cent to reach its new 52-week high of Rs 460 on Thursday. In a month the stock has jumped by more than 15 per cent. So far this year, the stock has gained more than 117 per cent YTD. [...]
The sales of a company and the portion of revenue that remains after all the expenses are accounted for, known as the net profit are two of the most important metrics that an investor should look out for while investing in the company. Consistency in net profit implies that the company is growing. Here are [...]
The shares of Ashok Leyland Limited opened at Rs 155 and zoomed by 3.6 per cent to reach its new 52-week high of Rs 161.60 in the early trading hours of Thursday. The stock has added more than 6 per cent in the past five days. So far this year the stock has added more [...]
Benchmark indices Sensex and Nifty took a beating on Thursday and dropped over 1 per cent each, weighed by selling in index major Reliance Industries, IT and banking stocks amid weak global trends. The BSE Sensex fell 770.48 points or 1.29 per cent to settle at 58,766.59. During the day, it tanked 1,014.5 points or [...]
The shares of Aegis Logistics Limited are making new highs and continued to rally by 5 per cent to reach a new 52-week high of Rs 303.55 in the early hours on Thursday. Their all-time high is at ₹ 920 apiece, which they reached on July 30, 2015. The company’s shares are currently trading at [...]
There are generally two ways to earn in the stock market i.e, Capital appreciation and Dividends. While capital appreciation happens over time through active investing, Dividend is a source of passive income. Here are 5 stocks that not only have consistent dividend history but have also given multibagger returns over the years: Vedanta Limited The [...]
Loss-making state-owned telecom firm MTNL has defaulted on an interest payment of Rs 35.15 crore to Union Bank of India, which was due to be paid in July, the company said in a regulatory filing. The company is reeling under a total debt of Rs 27,330 crore. "MTNL has defaulted in the payment of Interest [...]
Shares of SpiceJet tumbled nearly 15 per cent in early trade on Thursday after the company reported widening of net loss at Rs 789 crore for June quarter. The company's stock tanked 14.65 per cent to Rs 39.60 on the BSE. Later, it recovered some of the lost ground and was trading at Rs 43.60, [...]
The government has hiked the windfall profit tax on the export of diesel to Rs 13.5 per litre and on jet fuel exports to Rs 9 a litre, besides raising the levy on domestically-produced crude oil in line with the hardening of global prices. At the fourth fortnightly review, the government raised the windfall profit [...]
The U.S stock market has undergone a pretty serious plummet ever since the chairman of the Federal Reserve Jerome Powell made an announcement at the economic policy symposium. He said that the Federal Reserve will continue to increase interest rates for some time and businesses will experience considerable difficulties in terms of costs for inflation [...]
Indices opened with decent gains on Tuesday. However, they are expected to remain under pressure due to persistent rate hike worries among traders. This happened after Fed Chief Jerome Powell indicated on Friday that the Central Bank will raise interest rates in order to curb inflation. The BSE Sensex is quoting at 59537.07 points, as [...]
The shares of Bajaj Finserv gained 5.40% on Tuesday’s intraday trade as it fixed the record date for its stock split and bonus issue, as a double bonanza for investors. Bajaj Finserv in a regulatory filing said that the board has set the date of September 14, 2022, (record date) to decide which shareholders are [...]
