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 [...]
India's diesel exports fell by 11 per cent in July and overseas shipment of petrol dropped by 4.5 per cent after the government slapped a windfall profit tax on such sales, official data showed. Diesel exports dropped to 2.18 million tonnes in July from 2.45 million tonnes a month back, data from the Oil Ministry's [...]
Retail traders want to build strong portfolios that allow them to increase the money they have invested in the markets. Spartan Trade allows users to access various financial markets and trade different assets. Traders who want market access use this brokerage because of its reach and openness. Furthermore, traders can be guaranteed $0 trades when [...]
The headline gauges were on shaky grounds on Monday. The BSE Sensex lost 0.99% or 591.85 points during early trades and was at 59,054.30. At the same time, the Nifty 50 lost 117.20 points or 1.00% and was quoting at 17581.25 points. On Friday’s closing bell, benchmark indices managed to hold on to the green. [...]
The shares of Tata Motors Limited were trading 2.3 per cent up at Rs 469 levels in the early trading hours on Friday. In a month the stock has zoomed by more than 6.5 per cent. However, so far this year the stock has been volatile and shed more than 5 per cent YTD. In [...]
The shares held by a promoter refer to promoter holdings or promoter stake. The stake that promoters hold in a company plays a very important role in the success and growth of a company. Promoters are usually at the top level of management of the company. Therefore when their stake is high or is increasing, [...]
Zerodha reached a new milestone as the company now crossed the ‘One Crore customer’ mark on its platform. Nithin Kamath, Founder and Chief Executive Officer of Zerodha took to LinkedIn to share the news and also about the journey of his company so far. “Looking back, the biggest tipping point was Aadhar for online account [...]
The Supreme Court on Friday raised the ceiling limit of iron ore mining for Ballari, Chitradurga, and Tumakuru districts in Karnataka, saying conservation of the ecology and environment must go hand in hand with the spirit of economic development. The apex court raised the ceiling limit of iron ore mining from 28 MMT to 35 [...]
Inflation trajectory continues to be "heavily contingent" upon the evolving geopolitical developments, international commodity prices and global financial sector developments, Reserve Bank Deputy Governor Michael Debabrata Patra has said. The RBI on its part has front-loaded monetary policy response, with a cumulative 140 basis points increase in the benchmark rate so far with an aim [...]
Syrma SGS Technology shares ended with over 42 per cent premium in the debut trade on Friday against the issue price of Rs 220. The stock made its debut at Rs 262, a jump of 19.09 per cent from the issue price on the BSE. During the day, it zoomed 42.90 per cent to Rs [...]
The shares of NCC ltd, a late Rakesh Jhunjhunwala stock, increased by 0.8 per cent on Friday to close at Rs 69. In a month, the stock has gained more than 22 per cent. However, in the first eight months of 2022, the stock has been very volatile and shed approximately 3.5 per cent. In [...]
