Adani Electricity Mumbai (AEML) on Tuesday said it is investing Rs 500 crore to install smart meters for seven lakh consumers in the financial capital by the end of 2023. The power discom, a unit of the listed Adani Transmission, said the 7 lakh smart meters is the first phase target and the remaining 20 [...]
Coal India Limited’s shares surged 2.12% on Tuesday’s intraday trades to reach a fresh 52-week high of ₹ 235.50. Their share price surged 4.85% in the past five days and 10.15% in the past month. The shares are currently trading at ₹ 234.30 apiece. Coal India’s shares have risen by 50.90% as per year-to-date data. [...]
Various stocks gained 20% today and hit the upper circuit on Tuesday as equity benchmarks NSE Nifty and BSE Sensex traded in the green amid brisk buying in frontline blue chip counters. The thirty share index (BSE Sensex) was quoting at 59,280.59 points up1,307.97 points or 2.26%, while the fifty share index (NSE Nifty) was [...]
The much-awaited Reliance Annual General Meeting was held on Monday. In the meeting, chairman Mukesh Ambani spoke about different ventures of Reliance going forward. Here are some of the highlights of the AGM meeting: The 5G services will be first launched during Diwali i.e, by October end of this year in four metro cities in [...]
Private sector lender Tamilnad Mercantile Bank on Tuesday said it has fixed a price band of Rs 500-525 per share for the Rs 832 crore-Initial Public Offering (IPO). The initial share sale will open on September 5 and conclude on September 7. The bidding for anchor investors will open on September 2. The IPO will [...]
The shares of Tata Teleservices (Maharashtra) Limited opened at Rs 91.5 on Tuesday and shot up by approximately 20 per cent to trade at Rs 108 till 12 pm. The stock had shed more than 10 per cent in a week before the rally started. The rally can be attributed to a huge surge in [...]
The shares of GAIL (India) Limited were trading 1.5 per cent up at Rs 136 levels in the early trading hours on Tuesday. The stock remained volatile last week and has gained approximately 3.8 per cent in the last five days. However, in a month the stock has shed 7 per cent. So far this [...]
SpiceJet on Monday said a tyre of one of its aircraft was found deflated after landing at the airport here. Passengers were deplaned in a normal manner from the aircraft that had come from Delhi, a SpiceJet spokesperson said in a statement. It did not share the number of passengers on board the plane. "On [...]
The shares of defence equipment manufacturers, service providers and ship-builders gained even though benchmark indices were deep in the red. This happened after India barred certain imports to boost domestic manufacturing. According to a PIB statement dated August 28, 2022, the Defence Ministry has approved a "third positive indigenisation list" of 780 strategically important line [...]
Billionaire Mukesh Ambani on Monday announced a Rs 2.75 lakh crore investment plan to expand and diversify his USD 221 billion-empire by rolling out 5G services from October, adding capacity in the core oil and chemical business and taking on rival Gautam Adani with a foray into FMCG sector. Ambani, 65, also identified the businesses [...]
Specialty chemical company Prasol Chemicals has received capital markets regulator Sebi's go-ahead to raise as much as Rs 800 crore through an Initial Public Offering (IPO). The IPO comprises fresh issue of equity shares aggregating up to Rs 250 crore and an Offer-For-Sale (OFS) of up to 90 lakh equity shares by existing shareholders, according [...]
Billionaire Mukesh Ambani on Monday laid bare the succession plan at India's most valuable company, identifying twins children Akash and Isha for telecom and retail leadership, and youngest son Anant for new energy unit. He, however, insisted he isn't retiring yet and will "continue to provide hands-on leadership as before". At the annual shareholders' meeting [...]
Dividends have been a passive source of income for many. Investors make money from dividends even when stocks are trading sideways or are showing a downtrend. In this highly volatile market, here is a list of companies that are going to start trading ex-dividend this week: Power Finance Corporation Ltd Ex-dividend date: September 1st, 2022 Dividend [...]
The shares of Mazagon Dock Shipbuilders Limited opened at Rs 344 on Monday and rose by approximately 15 per cent to reach its new All time high of Rs 399 in the early trading hours. The stock has gained more than 27 per cent in the last five days. In the span of a month, [...]
The BSE Sensex tanked more than 1300 points or 2.23 per cent on Monday, opening at 57524.27 points. Similarly, the NSE Nifty 50 opened at 17181.90 points, down 377.00 points or 2.15%. However, the markets recovered later during the morning session. The Sensex was down 740.36 points (1.26 per cent) at 58,093.51, while the Nifty [...]
The market bled on Monday as the Sensex was down 1,210.62 points or 2.06% to open at 57623.25, and the Nifty was down 361.50 points or 2.06% and started at 17197.40. Amid the highly volatile markets, here are some stocks which are suggested by brokers for an upside of up to 78%: Reliance Industries Ltd [...]
Gensol Engineering Ltd has witnessed increased investor interest as the stock skyrocketed 2,621.93 per cent in the past year. Until the end of last year, the company was relatively less known. It was a solar consultant and an operator of a fleet of electric cabs. Then it kicked off its plan to manufacture electric vehicles. [...]
Akasa Air, which started operations less than a month ago, has suffered data breach resulting in certain customer information being accessed by unauthorised individuals. The airline on Sunday apologised for the data breach and said the incident has been "self-reported" to the nodal agency, the Indian Computer Emergency Response Team (CERT-In). Akasa Air also said [...]
Market barometers BSE Sensex and NSE Nifty 50 jumped on Friday backed by gains across sectors. Financial, IT and FMCG Sectors were some of the biggest contributors to the rise in both indices. The BSE Sensex closed in the green at 58833.87 points as it gained 0.10% or 59.15 points. Similarly, the Nifty 50 quoted [...]
A stock split happens when a company increases the number of its shares to boost the stock's liquidity. Generally, a stock split is taken as a sign that the company is thriving for which the stock prices have increased. So to make it more affordable for the investors, the stock is split. Here are three [...]
